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Adoption of Integration Platform as a Service

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Adoption of integration platform as a service
Adoption of Integration
Platform as a Service (IPaaS) in
Healthcare Industry to
Increase through 2022: TMR
Forecast
The advent of integration technologies and their ongoing evolution exhibits a disruptive impetus across
multiple industrial verticals. However, such disruptions are turning out to be profitable for companies
and organizations seeking to integrate their applications and business platforms. Cloud networking and
cloud computing are being extensively exercised across several industrial domains. As such technologies
are penetration beyond technology-based businesses, the need for integrating their functionalities is
becoming crucial.
According to a recent report published by Transparency Market Research, factors as such are fuelling
the adoption of Integration Platform as a Service (IPaaS) in the world. In the near future, IPaaS will be
actively adopted by enterprises seeking to integrate data and on-premise applications for propelling
business growth. By allowing users an effective connectivity across multiple applications, IPaaS
platforms are enabling employees of an enterprise deploy such integrations without installing an
additional hardware or software.
By the end of 2022, the global market for Integration Platform as a Service is estimated to reach US$ 1.2
valuation. The study anticipates that during the five-year forecast period, 2017-2022, the global IPaaS
market will have soared robustly at a CAGR of 11.9%. The report also projects that North America will be
the largest market for IPaaS in the immediate future.
North America to Represent Leading Market for IPaaS
Key findings from the regional analysis availed in the report reveal that North America will be at the
forefront of expansion of the global IPaaS market over the forecast period. By the end of 2022, North
America’s IPaaS market is anticipated to worth nearly half a billion dollars. The report also anticipates
considerable adoption of IPaaS in European markets. Through 2022, the IPaaS market in Europe is
poised to soar at a CAGR of 11.4%. Although, the fastest adoption of IPaaS is likely to be recorded in the
Asia-Pacific excluding Japan (APEJ) market. Over the forecast period, the APEJ IPaaS market is expected
to grow vigorously at over 13% CAGR.
Healthcare and Education Industries to Exhibit Steadfast Adoption
Among the key industries, healthcare and education are anticipated to showcase a surging growth in
terms of adoption of IPaaS solutions. Pharmaceutical companies are likely to implement IPaaS for
boosting the efficiency of manufacturing applications and integrating production data with sales
registries. Educational organizations are also anticipated to adopt these services and increase
integration of learning processes with interactive devices and applications. The report also reveals that
through 2022, the adoption of IPaaS will remain predominant in the IT & telecommunications industry.
Brochure With Latest Advancements and Application
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With respect to end-users, large enterprises are anticipated to dominate the global IPaaS market, while
small & medium enterprises will witness an impressive traction in terms of adopting IPaaS. On the basis
of components, the global IPaaS market is bifurcated into software platforms and services, with the
former segment representing higher share on global revenues. The report anticipates that adoption of
IPaaS services is low at present, albeit, it will surge towards the end of 2022, considering the increasing
complexities of implementing software platforms in the absence of proper deployment services.
The report has profiled leading IPaaS providers as key market players, which include IBM Corporation,
Oracle Corporation, MuleSoft, Inc., Red Hat, Inc., Fujitsu Ltd., Microsoft Corp., SAP SE, Capgemini SE, Dell
Inc., and TIBCO Software Inc. These companies are expected to remain active in the expansion of global
IPaaS market through 2022.
Author
Mayurideore
Mayurideore107   documents Email
Document
Category
Science and Nature
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File Size
274 KB
Tags
adoption, Adoption of integration platform as a service
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