Home > Media & Technology > Information Technology > Cloud Computing > Integration Platform as a Service Market

Integration Platform as a Service Market Size

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

Download Free Sample

Integration Platform as a Service Market Size

The global integration platform as a service market size was valued at USD 9.1 billion in 2023 and is projected to grow at a CAGR of over 34.6% between 2024 and 2032, driven by the widespread adoption of hybrid and multi-cloud infrastructures. As organizations increasingly embrace hybrid cloud models—merging on-premises setups with both public and private clouds—and adopt multi-cloud strategies that utilize services from various providers, they face heightened complexities in managing applications and data across these varied environments.

To get key market trends

Download Free Sample

iPaaS platforms emerge as a pivotal solution, seamlessly integrating systems, data, and applications across these diverse landscapes. This not only helps businesses sidestep vendor lock-in but also ensures greater operational flexibility.

Integration Platform as a Service Market Report Attributes
Report Attribute	Details
Base Year:	2023
Integration Platform as a Service Market Size in 2023:	USD 9.1 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	34.6%
2032 Value Projection:	USD 128.9 Billion
Historical Data for:	2021 - 2023
No. of Pages:	190
Tables, Charts & Figures:	280
Segments covered:	Services, Deployment, Organization, Industry Vertical
Growth Drivers:	Infrastructure adoption for hybrid and multiple clouds Digital Transformation Initiatives Growing API-Driven Ecosystems Real-Time Data Processing and Cloud Monitoring
Pitfalls & Challenges:	Complexity in Integration Security and Privacy Concerns

Learn more about the key segments shaping this market

Download Free Sample

Organizations are increasingly driven by the need for optimized resource allocation. This allows them to run critical workloads on private clouds while tapping into public clouds for enhanced scalability and cost-efficiency. Furthermore, as businesses accelerate their digital transformation journeys, the imperative to bridge legacy systems with contemporary cloud applications becomes paramount, amplifying the demand for iPaaS solutions. The surge in hybrid and multi-cloud adoption is largely attributed to the desire for heightened business agility, bolstered security, and the adaptability to function seamlessly across varied cloud infrastructures.

In a notable development, in August 2024, Trianz forged a comprehensive Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS). This partnership aims to redefine cloud migrations, modernization, management, and maximization. By integrating Trianz's innovative Concierto platform with AWS's robust cloud infrastructure and services, the collaboration promises a cloud adoption journey marked by unmatched speed, simplicity, and cost-effectiveness.

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.