Get a free sample of Integration Platform as a Service Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Get a free sample of Integration Platform as a Service Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
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
Which segment led the market based on services in 2023?
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.
What is the projected worth of the North American integration platform as a service market?
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.
How big is the integration platform as a service market?
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.
Who are the major players in the integration platform as a service industry?
Major players include Boomi, Inc., Salesforce, Informatica, Microsoft Corporation, Oracle Corporation, IBM Corporation, and Workato.
How significant is the BFSI sector in the integration platform as a service industry?
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.