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IPaaS Market Outlook, Demand, Trends and Strategies Forecast by 2024
by VynZ Research Marketing Research ConsultantThe 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.
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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 CAGR of 44.1% during the forecast period.
North America accounted for the major share in the IPaaS industry in 2017, 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 fuels the growth of the market in the region.
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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.
Source: VynZ Research
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Created on May 2nd 2019 02:29. Viewed 371 times.
