Europe Integration Platform as a Service (IPaaS) Market Outlook and Insights by 2028

The integration platform as a service (IPaaS) market in Europe is expected to grow from US$ 443.04 million in 2021 to US$ 1,835.17 million by 2028; it is estimated to grow at a CAGR of 22.5% from 2021 to 2028.

Migrating the workloads to the cloud can be beneficial for SMEs as cloud-based services facilitate these enterprises to reduce costs and give them access to IT services. The increasing use of cloud platforms, coupled with digital connectivity in the business, is enabling SMEs to enhance their productivity with an easy access to cloud-based applications and software. Valuable characteristics of cloud-based solutions such as cost effectiveness, scalability, and agile infrastructure, offer a steady growth in the market. Further, the growth of SMEs in emerging economies is another significant factor offering growth opportunities to cloud solutions, thereby influencing the demand for integration platform as a service. The enhanced broadband speed and the rise in trend of bring-your-own-device (BYOD), are propelling the growth of the market through SMEs in emerging economies. The rising inclination of SMEs toward cloud adoption offers lucrative growth opportunities to the players operating in the Europe integration platform as a service (IPaaS) market, which is further anticipated to drive the market in Europe.

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.

Europe Integration Platform as a Service (IPaaS) Market Revenue and Forecast to 2028 (US$ Million)

Europe Integration Platform as a Service (IPaaS) Market Segmentation      

Europe Integration Platform as a Service (IPaaS) Market – By Service Type

• Cloud Service Orchestration
• Application Integration
• API Management
• Data Integration
• Business-to-business and Cloud Integration
• Real-time Monitoring and Integration
• Data Transformation
• Others

Europe Integration Platform as a Service (IPaaS) Market – By Deployment Type

• Public Cloud
• Private Cloud
• Hybrid Cloud

Europe Integration Platform as a Service (IPaaS) Market – By Enterprise Size

• SMEs
• Large Enterprises

Europe Integration Platform as a Service (IPaaS) Market – By Industry

• IT and Telecommunications
• BFSI
• Manufacturing
• Healthcare
• Consumer Goods and Retail
• Energy
• Government and Public Sector
• Others

Europe Integration Platform as a Service (IPaaS) Market– By Country

• Germany
• UK
• France
• Italy
• Spain
• Switzerland
• Rest of Europe

Europe Integration Platform as a Service (IPaaS) Market-Companies Mentioned

• Boomi, Inc.
• eastic.io
• IBM Corporation
• Informatica
• Microsoft Corporation
• Mulesoft, LLC
• Oracle Corporation
• SAP SE
• Seeburger AG
• SnapLogic
• Software AG

Europe Integration Platform as a Service (IPaaS) Report Scope