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
- 4/27/2023
- 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
 
Why to buy this Report?
Market research: The report provides valuable insights into market trends, growth opportunities, and competitive landscapes. By reading a technology report, businesses and investors can gain a better understanding of Cloud Integration Platform Market they are operating in or considering entering, and make more informed decisions based on data and analysis.
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.
Innovation: The report provides insights into emerging technologies and trends, which can help businesses stay up-to-date with the latest developments and make informed decisions about where to invest their resources.
Due diligence: The report can be used by investors and acquirers as part of their due diligence process when considering investing in or acquiring a technology company. These reports can provide valuable information on the company's financials, technology, market position, and other key factors.
Quality Assurance Process
- We Market Research’s Quality Assurance program strives to deliver superior value to our clients.
We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.
Market Research Process
We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.
To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
- Project kickoff meeting with client
- Conduct frequent client communications
- Form project steering committee
- Assign a senior SR executive as QA Executive
- Conduct internal editorial & quality reviews of project deliverables
- Certify project staff in SR methodologies & standards
- Monitor client satisfaction
- Monitor realized value post-project
Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
}})
Select a license type that suits your business needs
US $4250
Only Four Thousand Two Hundred Fifty US dollar
- 1 User access
- 15% Additional Free Customization
- Free Unlimited post-sale support
- 100% Service Guarantee until achievement of ROI
US $5250
Only Five Thousand Two Hundred Fifty US dollar
- 5 Users access
- 25% Additional Free Customization
- Access Report summaries for Free
- Guaranteed service
- Dedicated Account Manager
- Discount of 20% on next purchase
- Get personalized market brief from Lead Author
- Printing of Report permitted
- Discount of 20% on next purchase
- 100% Service Guarantee until achievement of ROI
US $6250
Only Six Thousand Two Hundred Fifty US dollar
- Unlimited User Access
- 30% Additional Free Customization
- Exclusive Previews to latest or upcoming reports
- Discount of 30% on next purchase
- 100% Service Guarantee until achievement of ROI