Integration Platform as a Service (iPaaS) Market, Worldwide Industry Analysis and Opportunities 2024

The global integration platform as a service (iPaaS) market is predicted to grow at 42.1% CAGR during the forecast period with the market size reaching USD 8.6 billion by 2024.

The increasing adoption of digital solutions by most industries, technological advancements and increasing inclination towards cloud-based solutions by banking sector are the key factors leading to the growth in the iPaaS market, globally.

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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.

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 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 the market growth with forming strategies for collaboration, partnership, and technological advancements.

Source: VynZ Research