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The global integration platform as a service (iPaaS) is being driven by the rapidly growing consumer goods and retail sector across the globe. Because of the surge in popularity of online shopping, retailers are using advanced technologies like social networks, digital stores, big data analytics, and cloud computing. The vendors of all industries need cloud environment to offer their service portfolio and product to the customers, which is significantly contributing to the industry growth. Another key driver of the iPaaS market is the telecommunication and IT industry vertical. This sector needs data management at a huge scale owing to the mega generation of data daily. The IT sector can utilise cloud-based solutions for digital data management, connecting customers and developers, maintaining operational schedules, and project management. Cloud computing compliments the telecommunication and IT industry because it gives enterprises the opportunity to enjoy benefits from cloud-based technology on their core competencies like end-to-end service levels monitoring, customer relationship, security, and network connectivity.
Some key developments are taking place in the iPaaS industry that show promising signs to be drivers of the market in the near future. For instance, In January 2021, Informatica LLC (NASDAQ: INFA) released its brand-new Customer 360 SaaS platform, an industry’s first ‘all-in-one’ SaaS solution, which provides a cloud-native service for master data management (MDM). Furthermore, major companies around the world have started laying more and more emphasis on developing their iPaaS. For instance, in November 2020, Pirelli selected TIBCO Software Inc. (NASDAQ: TIBX), one of the leading industry players, to develop its iPaaS. The solution will compliment Pirelli’s objective of transforming digitally and provide a brand-new integrated operating model for its digital IT ecosystem. Such developments are anticipated to have a positive effect on the growth of the iPaaS industry in the coming years.
Market Analysis by Deployment Model, Service Type, Organisation Size, Industry, and Region:
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The major players in the global integration platform as a service (iPaaS) market are Dell Boomi Inc., Celigo Inc., Informatica LLC, Snaplogic Inc., TIBCO Software Inc., Jitterbit Inc., and others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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