Europe Integration Platform as a Service (IPaaS) Market is expected to reach US$ 1,835.17 million by 2028

Public Cloud Segment to Dominate Europe Integration Platform as a Service (IPaaS) Market during 2019–2028

According to The Insight Partners market research study on “Europe Integration Platform as a Service (IPaaS) Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Service Type, Sheath Type, Deployment Range, Enterprise Size, and Industry,” is expected to reach US$ 1,835.17 million by 2028 from US$ 443.04 million in 2021. The market is estimated to grow at a CAGR of 22.5% from 2021 to 2028. Increasing inclination of SMEs toward cloud is the major factor driving the growth of the Europe integration platform as a service (IPaaS) market. However, rising concerns regarding data security may hinder the growth of Europe integration platform as a service (IPaaS) market. The report provides trends prevailing in the Europe integration platform as a service (IPaaS) market along with the drivers and restraints pertaining to the market growth.

In Europe, the COVID-19 pandemic had a different impact on different countries, as only selective countries witnessed the rise in the number of cases and subsequently attracted strict and prolonged lockdown periods or social isolation norms. However, Western European countries such as Germany, France, Russia, and the UK have seen a comparatively modest decrease in their growth activities because of the robust healthcare systems. The sudden outbreak of the COVID-19 across the region led to the standstill of business operations and the closure of several small and medium enterprises across the region. In the initial three to four months of 2020, the region experienced a dip in technological investments across the country. The cloud has emerged as a viable option for combating the COVID-19 pandemic. European businesses have increased their cloud adoption due to constraints imposed by various European countries, which resulted in work-from-home. However, with the stability in remote working conditions, the European region experienced high investments in cloud technologies for facilitating smooth remote working conditions. Thus, expected to have a positive impact in the integration platform as a service (IPaaS) market over the years.

The Europe integration platform as a service (IPaaS) market segmented by service type, deployment type, enterprise size, industry, and country. Based on service type, the Europe integration platform as a service (IPaaS) market is segmented into cloud service orchestration, application integration, API management, data integration, real- time monitoring and integration, business-to-business and cloud integration, data transformation and others. In 2020, the cloud service orchestration segment held the largest share Europe integration platform as a service (IPaaS) market. Based on deployment type, the Europe integration platform as a service (IPaaS) market is segmented into public cloud, private cloud, and hybrid cloud. The public cloud segment accounts for largest market share in the 2020. Based on enterprise size, the Europe integration platform as a service (IPaaS) market is segmented into SMEs and large enterprises. In 2020, the large enterprises segment held the largest share Europe integration platform as a service (IPaaS) market. Based on industry, the Europe integration platform as a service (IPaaS) market is segmented into IT and Telecommunications, government and public sector, consumer goods and retail, energy, healthcare, manufacturing, BFSI, and others. The IT and Telecommunications segment accounts for largest market share in the 2020. Similarly, based on country, the market is segmented into Germany, UK, France, Italy, Spain, Switzerland, and rest of Europe. Germany contributed a substantial share in 2020. 

Boomi, Inc.; eastic.io; IBM Corporation; Informatica; Microsoft Corporation; Mulesoft, LLC; Oracle Corporation; SAP SE; Seeburger AG; SnapLogic; and Software AG are among the leading companies in the Europe integration platform as a service (IPaaS) market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, At the annual Build conference, Microsoft announced the general availability (GA) of Logic App Standard, the latest installment of their integration Platform as a Service (IPaaS) offering. Logic App Standard is a new single-tenant offering allowing customers to run workflows anywhere.

Europe Integration Platform as a Service (IPaaS) Market, By Country, 2020 and 2028 (%) 

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