Status : Published | Published On : Aug, 2022 | Report Code : VRICT5034 | Industry : ICT & Media | Available Format : | Page : 220 |
Industry Overview
The global Integration Platform as a Service (iPaaS) Market is estimated to be valued at USD 2.1 billion in 2023 and is expected to reach USD 12.3 billion by 2030, growing at a CAGR of 38.4% during the forecast period (2025–2030). Different types of services including application integration, data transformation, real-time monitoring and integration, and cloud service orchestration are majorly contributing to the iPaaS market size. The market is anticipated to witness significant demand for these services in the coming years due to the increasing awareness among different enterprises and increasing demand for faster deployment and scalability.
Market Segmentation
Insight by Deployment Type
On the basis of deployment type, the iPaaS market is segmented into the private cloud, hybrid cloud, and public cloud. Of all, the hybrid cloud holds the largest share in the market and private cloud is anticipated to grow at the fastest rate during the forecast period.
Insight by Organization Size
Based on organization size, the market is segmented into small and medium enterprises, and large enterprises. The iPaaS market size is larger for large enterprises; however, its growth rate is higher for small and medium enterprises due to the increasing awareness and increasing complexities of integrating the application in on-premise and cloud.
Insight by Service Type
Based on the service type, the iPaaS market is categorized into application integration, data transformation, real-time monitoring and integration, training and consulting, support & maintenance, and cloud service orchestration. Cloud service orchestration which is also further segmented into reporting and analytics, training consulting and integration, and cloud service automation, holds the largest share of the global market. The service is the most used by enterprises due to the increasing complexities in workflow, the need for composing architecture, tools, and processes, and integration of hardware and software components.
Insight by Industry Vertical
Among different verticals including telecommunications, government and public sector, media and entertainment, consumer goods and retail, education, manufacturing, BFSI, healthcare and life sciences, and others, the iPaaS market size for BFSI is predicted to grow at the fastest CAGR during the forecast period. The BFSI sector is moving towards the digitalization of its most of the services and banking is shifting from on-premise to cloud platforms. Although different banking IT professionals are still evaluating the advantages of private cloud, public cloud, and hybrid cloud, iPaaS offers them a new cloud-based approach with several benefits.
Report Metric |
Details |
Historical Period |
2018 - 2023 |
Base Year Considered |
2024 |
Forecast Period |
2025 - 2030 |
Market Size in 2023 |
U.S.D. 2.1 Billion |
Revenue Forecast in 2030 |
U.S.D. 12.3 Billion |
Growth Rate |
38.4% |
Segments Covered in the Report |
By Deployment Type, By Organization Size, By Service Type, and By Industry Vertical |
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
Regions Covered in the Report |
North America, Europe, Asia-Pacific, Middle East, and Rest of the World |
Industry Dynamics
Growth Drivers
The increasing adoption of digital solutions by most industries, technological advancements, and increasing inclination towards cloud-based solutions by the banking sector are the key factors leading to the growth in the iPaaS market, globally. The increasing need to streamline BFSI activities creates the demand for cloud-based solutions including hybrid cloud, private cloud, and public cloud which fuels the growth of the iPaaS market. Some other factors driving the growth of the iPaaS industry are increasing demand for faster deployment and scalability and business agility and digitalization of workflow in different industry verticals.
Cloud Adoption: The widespread adoption of cloud computing has led to the proliferation of cloud-based applications and services. iPaaS solutions enable organizations to integrate these cloud applications with their existing systems, creating a unified and connected infrastructure. As more businesses move their operations to the cloud, the demand for iPaaS platforms continues to grow.
Digital Transformation: In the era of digital transformation, organizations are embracing new technologies, such as the Internet of Things (IoT), artificial intelligence (AI), machine learning (ML), and big data analytics. iPaaS solutions play a crucial role in enabling the integration of these technologies with existing systems, allowing businesses to leverage data from multiple sources and gain actionable insights.
Business Agility and Efficiency: iPaaS platforms offer agility and flexibility, allowing organizations to quickly adapt to changing business needs and market dynamics. With iPaaS, companies can rapidly integrate new applications and services, automate workflows, and streamline business processes. This agility and efficiency contribute to improved productivity, cost savings, and competitive advantage.
Focus on Customer Experience: Customer experience has become a key competitive differentiator for businesses. iPaaS platforms enable organizations to integrate customer data from various touchpoints, such as CRM systems, e-commerce platforms, social media, and marketing automation tools. This integration allows businesses to gain a holistic view of their customers, personalize interactions, and deliver seamless experiences across channels.
Challenges
Key factors hindering the growth of the iPaaS market are issues related to interoperability within enterprises and high initial setup costs. In addition, the dearth of skilled professionals and competition from alternative technology such as enterprise service buses is also having a negative impact on the growth of the market.
Geographic Overview
Geographically, North America is the largest iPaaS market due to the presence of a large number of industry players, and the rapid adoption of cloud-based services among enterprises in the region. Asia-Pacific is observed to witness the fastest growth in the market during the forecast period. The increasing demand for advanced integration solutions in the region and increasing inclination toward the cloud for business activities and operations fuels the growth of the market in the region.
Competitive Insight
The key players operating in the iPaaS industry include SnapLogic, Inc., Scribe Software Corporation Celigo, Inc., Dell Boomi Inc., IBM Corporation, MuleSoft, Inc., Informatica Corporation, DBSync Ltd Jitterbit, Inc., and Oracle Corporation. Industry players are leveraging market growth by forming strategies for collaboration, partnership, and technological advancements.
Primary Research
VynZ Research conducts extensive primary research to understand the market dynamics, validate market data and have key opinions from industry experts. The key profiles approached within the industry include, CEO, CFO, CTO, President, Vice President, Product Managers, Regional Heads, and Others. Also, end user surveys comprising of consumers are also conducted to understand consumer behavior.
The iPaaS Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.
Segments Covered in the Report
Region Covered in the Report
Source: VynZ Research
Source: VynZ Research
iPaaS Market