NEW YORK, May 29, 2020 (GLOBE NEWSWIRE) — The global integration platform as a service (iPaaS) market is estimated to be valued at USD 1.9 billion in 2020 and is expected to reach USD 10.3 billion by 2025, growing at a CAGR of 40.4% CAGR during the forecast period (2020–2025).
Industry Insights By Deployment Type (Private Cloud, Hybrid Cloud, and Public Cloud), By Organization Size (Small & Medium Enterprises, and Large Enterprises), By Service Type (Application Integration, Data Transformation, Real-Time Monitoring and Integration, Training and Consulting, Support & Maintenance, and Cloud Service Orchestration), By Industry Vertical (Telecommunications, Government and Public Sector, Media and Entertainment, Consumer Goods and Retail, Education, Manufacturing, BFSI, Healthcare and Life Sciences, and Others)The increasing adoption of digital solutions by most industries, technological advancements and increasing inclination towards cloud-based solutions by the banking sector are the key factors leading to the growth in the iPaaS market, globally.Get a free copy of sample report: https://www.vynzresearch.com/ict-media/global-ipaas-market/request-sampleIncreasing need to streamline BFSI activities creates the demand for cloud-based solutions including hybrid cloud, private cloud and public cloud which fuels the growth of the iPaaS market. Some other factors driving the growth of the iPaaS industry are increasing demand for faster deployment and scalability and business agility and digitalization of workflow in different industry verticals.On the basis of deployment type, the iPaaS market is segmented into the private cloud, hybrid cloud, and public cloud. Of all, the hybrid cloud holds the largest share in the market and private cloud is anticipated to grow at the fastest rate during the forecast period.Explore key industry insights in 236 tables and 127 figures from the 220 pages of report, “Global iPaaS Market Analysis and Forecast to 2025 – Industry Insights by Deployment Type (Private Cloud, Hybrid Cloud, and Public Cloud), By Organization Size (Small & Medium Enterprises, and Large Enterprises), By Service Type (Application Integration, Data Transformation, Real-Time Monitoring and Integration, Training and Consulting, Support & Maintenance, and Cloud Service Orchestration), By Industry Vertical (Telecommunications, Government and Public Sector, Media and Entertainment, Consumer Goods and Retail, Education, Manufacturing, BFSI, Healthcare and Life Sciences, and Others)”
Based on organization size, the market is segmented into small and medium enterprises, and large enterprises. The iPaaS market size is larger for large enterprises; however, its growth rate is higher for small and medium enterprises due to the increasing awareness and increasing complexities of integrating the application in on-premise and cloud.Among different verticals including telecommunications, government and public sector, media and entertainment, consumer goods and retail, education, manufacturing, BFSI, healthcare and life sciences, and others, the iPaaS market size for BFSI is predicted to grow at the fastest CAGR during the forecast period. BFSI sector is moving towards the digitalization of its most of the services and the banking is shifting from on-premise to cloud platform. Although different banking IT professionals are still evaluating the advantages of private cloud, public cloud, and hybrid cloud, iPaaS offers them a new cloud-based approach with several benefits.North America accounted for the major share in the iPaaS industry in 2019, globally due to the presence of a large number of industry players, and rapid adoption of cloud-based services among enterprises in the region. Moreover, Asia-Pacific is observed to witness the fastest growth in the market during the forecast period. The increasing demand for advanced integration solutions in the region and increasing inclination toward the cloud for business activities and operations fuel the growth of the market in the region.The key players operating in the iPaaS industry include SnapLogic, Inc., Scribe Software Corporation Celigo, Inc., Dell Boomi Inc., IBM Corporation, MuleSoft, Inc., Informatica Corporation, DBSync Ltd Jitterbit, Inc., and Oracle Corporation. Industry players are leveraging the market growth with forming strategies for collaboration, partnership, and technological advancements.Do you have any specific research requirement? Ask for customization: https://www.vynzresearch.com/ict-media/global-ipaas-market/customize-reportGlobal iPaaS Market CoverageDeployment Type Insight and Forecast 2015 – 2025Private CloudHybrid CloudPublic CloudOrganization Size Insight and Forecast 2015 – 2025Small and Medium EnterprisesLarge EnterprisesService Type Insight and Forecast 2015 – 2025Application IntegrationData TransformationReal-Time Monitoring and IntegrationTraining and ConsultingSupport & MaintenanceCloud Service OrchestrationApplication Insight and Forecast 2015 – 2025IndustrialBuilding and Home AutomationConsumer ElectronicsSecurityIndustry Vertical Insight and Forecast 2015 – 2025TelecommunicationsGovernment and Public SectorMedia and EntertainmentConsumer Goods and RetailEducation, ManufacturingBFSIHealthcare and Life SciencesOthersGeographical SegmentationIndustrial Refrigeration Market by RegionNorth AmericaBy Deployment TypeBy Organization SizeBy Service TypeBy ApplicationBy Industry VerticalBy CountryU.S.CanadaMexicoEuropeBy Deployment TypeBy Organization SizeBy Service TypeBy ApplicationBy Industry VerticalBy CountryGermanyRussiaFranceRest of EuropeAsia-PacificBy Deployment TypeBy Organization SizeBy Service TypeBy ApplicationBy Industry VerticalBy CountryJapanChinaIndiaRest of Asia-PacificLatin AmericaBy Deployment TypeBy Organization SizeBy Service TypeBy ApplicationBy Industry VerticalBy CountryBrazilRest of LATAMMiddle East & AfricaBy Deployment TypeBy Organization SizeBy Service TypeBy ApplicationBy Industry VerticalBy CountrySaudi ArabiaEgyptRest of MEAMore from VynZ Research:Global Voice Assistant Market Analysis and Forecast to 2026The global voice assistant market was valued at USD 1.4 billion in 2019 and is expected to reach USD 5.9 billion by 2026, growing at a CAGR of 30.5% during 2020-2026. Increasing customer experience and growing demand for contact centers is propelling the growth of the market. Wide adoption of cloud technology by BFSI, retail & e-commerce, healthcare, and automotive industries creates an ample opportunity for the growth of the global voice assistant market.Explore more at: https://www.vynzresearch.com/ict-media/global-voice-assistant-marketGlobal Business Continuity Management (BCM) Market Analysis and Forecast to 2025The global business continuity management (BCM) market was valued at USD 360.0 million in 2018. The market is growing owing to increasing demand for business continuity solutions from small and medium enterprises and increasing IT spending. Furthermore, excessive operational risks in the enterprises are other factors that are driving the growth of global business continuity management market.Explore more at: https://www.vynzresearch.com/ict-media/business-continuity-management-bcm-marketGlobal Natural Language Processing (NLP) Market Analysis and Forecast to 2024The global natural language processing (NLP) market was valued at USD 8.5 billion in 2018, which is expected to reach USD 23.0 billion by 2024, registering a CAGR of 20.0% during the forecast period. Increasing focus on customer experience, need for managing large volumes of data, growing demand in contact centers, and rising shift in businesses toward automation, propelling the growth of the market.Explore more at: https://www.vynzresearch.com/ict-media/natural-language-processing-nlp-marketAbout VynZ ResearchVynZ Research is a market research firm offering research, analytics, and consulting services on business strategies. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. VynZ Research assists enterprises to take strategic decisions for helping their businesses to grow. The reports developed by VynZ are based on market facts that include comprehensive analysis and quantification of market drivers, industry dynamics, opportunities, challenges, threats, and market shares and anticipated new trends & technologies arising across wide range of industries.Contact Us:VynZ ResearchCall: +91-996-028-8381Toll Free (U.S. and Canada): +1-888-253-3960Email: enquiry@vynzresearch.comWeb: https://www.vynzresearch.comConnect with Us: LinkedIn | Facebook | Twitter
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