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Integration Platform as a Service (IPaaS) Market

Integration Platform as a Service (IPaaS) Market
Adoption of Integration Platform as a Service (IPaaS) Market in Healthcare Industry
to Increase through 2022
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.
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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.
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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
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.
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