Integration Platform as a Service (IPaaS) Market to Grow at a CAGR of 21.2% to reach US$ 8,844.20 million from 2021 to 2028

Integration Platform as a Service (IPaaS) Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Service Type (Cloud Service Orchestration, Data Transformation, API Management, Data Integration, Real-time Monitoring and Integration, Business-to-Business and Cloud Integration, Application Integration, and Others), Deployment Type (Public Cloud, Private Cloud, and Hybrid Cloud), Enterprise Size (Small and Medium Size Enterprises and Large Size Enterprises), and Industry (Telecommunications, Government and Public Sector, Consumer Goods and Retail, Energy, Healthcare, Manufacturing, BFSI, and Others)

Publication Month : Jun 2021

  • Report Code : TIPTE100000446
  • Category : Technology, Media and Telecommunications
  • Status : Published
  • No. of Pages : 213
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The integration platform as a service (IPaaS) market was valued at US$ 2,306.32 million in 2021, and it is projected to reach US$ 8,844.20 million by 2028; it is expected to grow at a CAGR of 21.2% from 2021 to 2028.

Rise in importance of cloud real-time monitoring across businesses is boosting the demand for the integration platform as a service. The security and performance of the network can have a big impact on a company's overall success. Hence, every company, especially those in the e-commerce industry, needs to keep an eye on its networks on a regular basis to ensure everything is functioning well. They need have a strong understanding of what real-time network monitoring is and how it may benefit their business in order to have a clear image of how the systems are doing. The use of apps and tools that track and record continuous snapshots of the network's overall performance is known as real-time monitoring. Real-time monitoring is used by businesses to keep track of network activities, improve network security, and spot possible problems as soon as they happen. Every company, regardless of size, may benefit from real-time network monitoring.

Additionally, cloud real-time monitoring services allow businesses to shorten the time it takes to respond to incidents. It is critical for organizations to deal with issues as soon as they occur, no matter how minor they appear to be. For example, it may seem self-evident to respond swiftly to a cyberattack or data breach, but even seemingly little issues like a slow-loading website or an abundance of 404 webpages can have a significant impact on businesses. Real-time network monitoring can help the companies catch these events as soon as they happen and respond quickly. As a result, the adoption of cloud real-time monitoring services is contributing to the market's growth over time.

Impact of COVID-19 Pandemic on Integration Platform as a Service (IPaaS) Market

The unprecedented rise in number of COVID-19 cases across the globe and the subsequent lockdown to combat the spread of the virus in the first two quarters of 2020 have led to numerous businesses to come on a standby situation. In 2020, technological investments experienced a dip, owing to the above-mentioned reasons. However, the COVID-19 pandemic has accelerated the work from home scenarios across the globe, thereby influencing the companies to adopt cloud servers for smooth functioning of business operations remotely. In late 2020, global companies experienced a rise in investment in cloud solutions in order to facilitate easy remote working. Thus, the rising adoption of cloud solutions and platforms across all organizations in the globe is expected to influence the rise in demand for platform integration services market, thereby contributing to the growth of the market over the forecast period.

Lucrative Regions in Integration Platform as a Service (IPaaS) Market

Lucrative Regions in Integration Platform as a Service (IPaaS) Market
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Market Insights–Integration Platform as a Service (IPaaS) Market

Growth in Adoption of Hybrid and Multi-Cloud Infrastructure

It is anticipated that, in the coming years, various organizations will adopt hybrid and multi-cloud strategies, as these systems are trending in the relevant sectors. Organizations are expected to opt for these strategies as they are reluctant to depend on a single cloud vendor. According to IBM Corp., 98% of organizations are planning to utilize multiple hybrid clouds by 2021. Hybrid cloud provides the benefits of both public and private clouds, by enhancing flexibility to work between both the cloud solutions. Further, it enables organizations to protect their confidential data by storing it into the private cloud, and simultaneously use the public cloud for storing public data. The requirements of specific applications and functions will differ with the increase in specialized services. This, in turn, encourages the business managers to opt multi-cloud and hybrid solutions to run the system effectively and efficiently. Moreover, it is cost-effective, and it mitigates the risk of business loss. The adoption of hybrid cloud will also influence the integration platform as a service (IPaaS) market growth. The hybrid model will require proper integration to ensure smooth business functioning over the course of time, thereby contributing to the market growth.



Service Type-Based Insights

Based on service type, the integration platform as a service (IPaaS) market is segmented into cloud service orchestration, data transformation, API management, data integration, real- time monitoring and integration, business-to-business and cloud integration, deployment type integration, and others. The cloud service orchestration segment held the largest market share in 2020.

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Integration Platform as a Service (IPaaS) Market: Strategic Insights

ipaas-market
Market Size Value inUS$ 2,306.32 Million in 2021
Market Size Value byUS$ 8,844.20 Million by 2028
Growth rateCAGR of 21.2% from 2021-2028
Forecast Period2021-2028
Base Year2021
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Players operating in the integration platform as a service (IPaaS) market are mainly focused on the development of advanced and efficient products.

  • In April 2021, Informatica had announced a cloud platform that employs microservices and an AI engine to combine data management capabilities and enable data and application programming interface (API) integration.
  • In August 2019, MuleSoft, provider of the leading platform for building application networks, announced the availability of MuleSoft Government Cloud, a cloud deployment environment that combines integration platform as a service (IPaaS) and full lifecycle API management in a single runtime. By deploying MuleSoft’s Anypoint Platform within the Government Cloud environment, agencies can develop, manage, and monitor all their integrations and APIs from a unified, secure, cloud-based platform, thereby simplifying operations and increasing IT agility.

The integration platform as a service (IPaaS) market has been segmented as follows:


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

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

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

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

  • SMEs
  • Large Enterprises

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

Integration Platform as a Service (IPaaS) Market – by Geography

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • Germany
    • France
    • Italy
    • UK
    • Spain
    • Switzerland
    • Rest of Europe
  • Asia Pacific (APAC)

    • Australia
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Middle East & Africa (MEA)

    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA
  • South America (SAM)

    • Brazil
    • Argentina
    • Rest of SAM

Integration Platform as a Service (IPaaS) Market – Company Profiles

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

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Service Type , Deployment Type , Enterprise Size , and Industry

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, Switzerland, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What are the driving factors responsible for the growth of IPaaS market?

Rise in Importance of Cloud Real-Time Monitoring across Businesses are driving the growth of the global IPaaS market.
The high adoption of cloud solutions and platforms among businesses, owing to their advantages over on-premise solutions, is influencing the growth of the integration platform as a service (IPaaS) market.

What are the market opportunities for IPaaS market?

The increasing use of cloud platforms, coupled with digital connectivity in the business world, 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.

Which Deployment type-based segment has the largest market share in 2020?

Based on Deployment type, the IPaaS market is segmented into Public Cloud, Private Cloud, and Hybrid Cloud. The Public cloud segment segment holds the largest market share in 2020.

The List of Companies - IPaaS Market

  1. Informatica
  2. elastic.io
  3. Software AG
  4. Seeburger AG
  5. Mulesoft, LLC
  6. SAP SE
  7. Oracle Corporation
  8. SnapLogic.
  9. IBM Corporation
  10. Microsoft Corporation

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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