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Integration Platform as a Service Market Share

Report ID: GMI11632
Published Date: Sep 2024
Report Format: PDF

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Integration Platform as a Service Market Share

Boomi, Inc., Salesforce, Informatica, and Microsoft Corporation collectively held a substantial market share of over 30% in the integration platform as a service industry in 2023. Integration Platform as a Service (iPaaS) players are actively engaging in several strategies and offerings to capture market share and meet the growing demand for seamless integration of applications, data, and processes across various environments.

Boomi is known for its user-friendly interface, low-code development capabilities, and strong focus on customer integration needs. It has established a solid presence in sectors like healthcare, finance, and retail, making it a significant player in the iPaaS market. Salesforce holds a major share of the market due to its extensive customer base and its role as a critical component in many organizations' digital transformation efforts. The company's integration solutions are often leveraged by businesses looking to enhance customer engagement and streamline operations.

Integration Platform as a Service Market Companies

Major players operating in the integration platform as a service industry are:

Boomi, Inc.
Salesforce
Informatica
Microsoft Corporation
Oracle Corporation
IBM Corporation
Workato

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of integration platform as a service reached USD 9.1 billion in 2023 and is projected to grow at a CAGR of over 34.6% between 2024 and 2032, led by the widespread adoption of hybrid and multi-cloud infrastructures.

In 2023, the cloud service orchestration segment accounted for over 32% of the market share and is expected to exceed USD 39 billion by 2032.

The BFSI segment held around 27% of the market share in 2023 due to its data-driven nature, requiring real-time processing, integration, and analysis across multiple systems.

North America market accounted for over 38% of the market share in 2023 and is expected to exceed USD 47 billion by 2032, with the U.S. leading due to its dominance in cloud technology and strong IT infrastructure.

Major players include Boomi, Inc., Salesforce, Informatica, Microsoft Corporation, Oracle Corporation, IBM Corporation, and Workato.