Cloud Integration Platform Market Analysis By Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud), By Organization Size (Large Enterprises, Small and Medium-sized Enterprises (SMEs)), By Vertical (BFSI, Telecom and IT, Retail and Consumer Goods, Healthcare and Life Sciences, Manufacturing, Government and Public Sector, Others) & Forecast
- PUBLISHED ON
- 2024-10-03
- NO OF PAGES
- 268
- CATEGORY
- Information Communication & Technology
The global cloud integration platform market size was valued at USD 1.9 billion in 2022 and is expected to reach USD 5.6 billion by 2032, growing at a CAGR of 23.0% during the forecast period.
Another trend in the market is the rising adoption of API-led connectivity, which allows businesses to leverage APIs (Application Programming Interfaces) to connect and integrate various systems and applications quickly and easily. This approach is becoming increasingly popular as it offers greater flexibility, scalability, and agility. The market is also seeing significant opportunities in the adoption of cloud-based integration platforms by small and medium-sized enterprises (SMEs). As cloud-based solutions become more affordable and accessible, SMEs are increasingly adopting these platforms to improve their business operations and gain a competitive edge.
Overall, the global cloud integration platform market is expected to continue growing at a rapid pace in the coming years, driven by these and other trends and opportunities.
Report Scope
Report Attributes | Description |
Market Size in 2022 | USD 1.9 Billion |
Market Forecast in 2032 | USD 5.6 Billion |
CAGR % 2023-2031 | 23.0% |
Base Year | 2022 |
Historic Data | 2019-2021 |
Forecast Period | 2023-2031 |
Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
Segments Covered | By Deployment Type, By Organization Size, By Vertical |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | Dell Boomi, MuleSoft, Informatica, Jitterbit, Microsoft Corporation, IBM Corporation, SnapLogic, Oracle Corporation, Talend, Software AG, TIBCO Software, Celigo, Workato, Tray.io, Zapier |
Driver: Growing adoption of cloud computing technology is propelling Cloud Integration Platform Market growth.
One market driving factor for the Cloud Integration Platform Market is the increasing adoption of cloud computing technology by various organizations. As more and more companies are transitioning to cloud-based services, the demand for cloud integration platforms is also increasing. Cloud integration platforms offer the ability to connect different applications and services that are hosted on the cloud, making it easier for organizations to manage their data and workflows. With the help of these platforms, organizations can streamline their business processes and reduce the complexity of their IT infrastructure. Additionally, cloud integration platforms also provide greater flexibility and scalability, which makes them an attractive option for businesses looking to expand their operations. As a result, the demand for cloud integration platforms is expected to continue to grow in the coming years.
Segmentation:
By Deployment Model:
• Public Cloud
• Private Cloud
• Hybrid Cloud
By Organization Size:
• Large Enterprises
• Small and Medium-sized Enterprises (SMEs)
By Vertical:
• BFSI
• Telecom and IT
• Retail and Consumer Goods
• Healthcare and Life Sciences
• Manufacturing
• Government and Public Sector
• Others
Geographical Analysis:
North America: North America is the largest market for cloud integration platforms owing to the presence of several key players and early adoption of cloud-based technologies. The region also has a highly developed IT infrastructure and is home to several multinational companies that are actively adopting cloud integration platforms. For example, in 2020, Cisco announced the acquisition of ThousandEyes, a cloud intelligence platform provider, to enhance its networking and cloud-based solutions.
Europe: Europe is expected to witness significant growth in the cloud integration platform market due to the increasing adoption of cloud-based technologies in various industries such as healthcare, retail, and manufacturing. The region also has a well-established regulatory framework for data protection, which is expected to drive the adoption of cloud integration platforms. For instance, in 2020, IBM announced the acquisition of Spanugo, a provider of cloud cybersecurity posture management solutions, to strengthen its security portfolio.
Asia-Pacific: The Asia-Pacific region is expected to witness the highest growth in the cloud integration platform market due to the increasing adoption of cloud-based technologies, rapid digitalization, and increasing investments by key players in the region. For example, in 2020, Microsoft announced the opening of its first data center region in New Zealand to provide cloud-based services to organizations in the region.
Middle East and Africa: The Middle East and Africa region are also expected to witness significant growth in the cloud integration platform market due to increasing investments in cloud-based technologies and the digital transformation of various industries such as healthcare, finance, and retail. For instance, in 2020, Oracle announced the opening of a new cloud region in Saudi Arabia to provide cloud-based services to customers in the region.
Latin America: Latin America is expected to witness significant growth in the cloud integration platform market due to the increasing adoption of cloud-based technologies by small and medium-sized enterprises (SMEs) and the growing need for scalable and cost-effective solutions. For example, in 2020, Google announced the opening of a new cloud region in Santiago, Chile, to provide cloud-based services to customers in the region.
• Boomi acquired Unifi Software in December 2020. This acquisition was aimed at enhancing Boomi's integration capabilities and expanding its data management offerings.
• VMware acquired SaltStack in October 2020. This acquisition was aimed at strengthening VMware's cloud automation and configuration management capabilities.
• Celigo acquired Paragon Bridge Works in September 2020. This acquisition was aimed at expanding Celigo's capabilities in the Shopify and e-commerce space.
• TIBCO Software acquired Information Builders in September 2020. This acquisition was aimed at expanding TIBCO's data management and analytics offerings.
• Microsoft acquired Softomotive in May 2020. This acquisition was aimed at strengthening Microsoft's Power Automate capabilities and expanding its robotic process automation (RPA) offerings.
Company Profiles:
• Dell Boomi
• MuleSoft
• Informatica
• Jitterbit
• Microsoft Corporation
• IBM Corporation
• SnapLogic
• Oracle Corporation
• Talend
• Software AG
• TIBCO Software
• Celigo
• Workato
• Tray.io
• Zapier
 
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Competitive analysis: The report reports provide detailed information on competitors' strengths, weaknesses, and strategies, which can help businesses identify potential threats and opportunities in Cloud Integration Platform Market.
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