Sarasota, FL -- (SBWIRE) -- 04/23/2019 -- Global Integrated Platform as a Service (IPaaS) Market: Overview
With the increasing utilization of cloud-based solutions, the cloud integration is likely to become a major challenge for enterprises. Several enterprises are looking for secure and dependable cloud integration, which are offered by solution providers known as IPaaS. It allows creation, management, and execution of integration workflows amongst on-premises applications and cloud-based data protocols.
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Global Integrated Platform as a Service (IPaaS) Market: Growth Factors
The global integrated platform as a service (IPaaS) market is majorly driven by aspects such as increasing awareness regarding IPaaS amongst business enterprises, requirement for business agility, faster scalability & deployment, increasing acceptance of SaaS application as well as reduced price of ownership. The overall expenditure of ownership is basically an estimation of the entire expenses which are related to the deployment, purchase, use, and retirement of a product and piece of device. The overall cost of ownership quantifies the price of sell across the product's lifecycle.
Global Integrated Platform as a Service (IPaaS) Market: Segmentation
The global integrated platform as a service (IPaaS) market has been classified in terms of deployment type, service type, industry, and organization size. In terms of service type, the integrated platform as a service market is likely to generate maximum revenue as of the cloud service orchestration, whereas application integration, real-time monitoring, application programming interface management and integration, consulting data transformation and training, and maintenance and support are the other most important service kinds of IPaaS. In terms of industry, telecommunication division accounted for the biggest revenue, while BFSI is projected to be the highest growing division in the global integrated platform as a service (IPaaS) market, in the coming years. Amongst the organization size, big enterprises are likely to account for the foremost revenue share.
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Global Integrated Platform as a Service (IPaaS) Market: Regional Analysis
In terms of region, North America is likely to be the largest global market for IPaaS as well as Asia Pacific is likely to be the fastest rising regional market. The global market in the province is also projected to grow at quick pace in the coming years. The U.S. is projected to be the largest market worldwide, while the market in India is expected to grow at the highest rate.
The projected market expansion in the Asia Pacific can be accredited to aspects such as increasing BYOD development, rising knowledge about IPaaS amongst enterprises with rising focus in decreasing ownership expenditure. Furthermore, increasing focus of the several key companies towards data prevention and data security along with increasing government help in different countries in the Asia Pacific is projected to fuel the global integrated platform as a service (IPaaS) market in the coming future.
Global Integrated Platform as a Service (IPaaS) Market: Competitive Players
Some of the most important market players in the global integrated platform as a service (IPaaS) market are Boomi Inc., Informatica, SnapLogic, Inc., MuleSoft, Inc., Jitterbit, Inc., Celigo, Inc., Oracle Corporation, IBM Corporation, Scribe Software Corporation, and DBSync Ltd., among others.
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Global Integrated Platform as a Service (IPaaS) Market: Regional Segment Analysis
North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa