Application Integration Market Size, Share, Future Analysis, Demand by Regions and Opportunities with Challenges | MarketsandMarkets?

The global Application Integration Market size is projected to grow from 15.4 billion in 2023 to USD 38.4 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 20.0% during the forecast period. Heavy IoT investments are driving the growth of the application integration market.

The growing need for the automation of mission-critical business processes is driving the growth of the application integration market.

The scope of this report covers the application integration market by offering, integration type, application, vertical, and region.

By offering, the platform segment is estimated to account for the largest market share. Integration platforms provide enterprises with the tools to connect systems, applications, and data across the environment. An integration platform is a unified set of integration software that allows users to develop, secure, and govern integration flows that connect various applications, systems, and services. The platform also enables rapid API creation and lifecycle management to fulfill hybrid integration requirements. Therefore, Multiple industries are turning toward integration platforms.

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By integration type, the hybrid integration segment is estimated to account for a higher CAGR during the forecast period. A combination of integration software and middleware products called the hybrid integration platform facilitates users to develop, secure, and govern integration flows. It connects various applications, systems, services, and data stores. It facilitates rapid API creation or composition. It also enables lifecycle management to meet the requirements of a range of hybrid integration use cases. A hybrid integration platform also provides all the needed tools for large enterprises and SMEs. It helps enterprises to integrate data and applications across any on-premises and multi-cloud setting. It is expected to grow exponentially during the forecast period.

Application Integration Market Regional Analysis:

North America is projected to account for the largest market share among other regions, and the trend is projected to continue until 2028. North American organizations are keen to integrate advanced technologies into their processes. Also, there is increasing adoption of trending technologies, such as edge computing, IoT, cloud, AI, big data, and mobility. Several companies and industries are adopting cloud integration services and solutions.This has lead to a steady growth trend of application integration solutions in this region.

Top Companies in Application Integration Market:

Major players operating in the application integration market include Salesforce (US), Informatica (US), SAP (Germany), Oracle (US), SnapLogic (US), Software AG (Germany), IBM (US), Microsoft (US), TIBCO Software (US), Celigo (US), Boomi (US), Adeptia (US), WSO2 (US), DBSync (US), Flowgear (South Africa), InterSystems (US), SEEBURGER (Germany), Workato (US), Magic Software (Israel), OpenLegacy (US), Jitterbit (US), Elastic.io (Germany), Talend (US), Tray.io (US), Cyclr Systems (UK), APIFuse (US), and Zapier (US). These companies have reliable manufacturing facilities and strong distribution networks across key regions, such as North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Report Objectives

• ?To determine, segment, and forecast the global application integration market by offering, integration type, application, vertical, and region in terms of value
• ?To forecast the size of the market segments with respect to five main regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• ?To provide detailed information about the major factors (drivers, opportunities, threats, and challenges) influencing the growth of the application integration market
• To study the complete value chain and related industry segments and perform a value chain analysis of the application integration market landscape
• ?To strategically analyze macro and micro-markets with respect to individual growth trends, prospects, and contributions to the total application integration market
• To analyze industry trends, pricing data, and patents and innovations related to the application integration market
• ?To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the application integration market
• ?To profile key players in the market and comprehensively analyze their market share/ranking and core competencies
• ?To track and analyze competitive developments, such as mergers and acquisitions, new product launches and developments, partnerships, agreements, collaborations, business expansions, and Research and Development (R&D) activities

Key Benefits of Buying Report

The report would provide the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall application integration market and its subsegments. It would help stakeholders understand the competitive landscape and gain better insights to position their business and plan suitable go-to-market strategies. It also helps stakeholders understand the market's pulse and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

???Analysis of key drivers (rising need to eliminate data silos and improve productivity, growing need for automation of mission-critical business processes, rising need to improve time-to-market and boost ROI), restraints (limited knowledge of Enterprise Application Integration (EAI) within organizations, high initial investment), opportunities (growing demand for B2B integration), and challenges (data inaccessibility because of its widespread storage, integrating new application software with traditional IT infrastructure, incompatibility between third-party integration and product interface) influencing the growth of the application integration market

???Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the application integration market

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???Market Development: Comprehensive information about lucrative markets – the report analyses the application integration market across varied regions

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???Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the application integration market