The global application integration market is estimated to be worth US$ 15.8 billion growing from US$ 5.4 billion in 2019. In 2024, the application integration market is projected to be worth US$ 15.8 billion. Between 2024 and 2034, the market as a whole is expected to rise at an impressive CAGR of 20.3%. By 2034, it is predicted that the total market share is anticipated to be worth close to US$ 100 billion.
Digital transformation integration initiatives during the pandemic period accelerated the market growth in the last five years. IoT and IIoT technology expansion has also played a significant role in accelerating the adoption of application integration solutions in recent years.
The importance of safe application integration techniques has surged in light of the growing emphasis on cybersecurity crimes and data breaches. On the other hand, cloud-based technology and solution adoption is spreading quickly giving rise to a trend of cloud integration services.
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Key Takeaways from the Application Integration Market Study Report
- The application integration market in the United States is projected to grow at a CAGR of 20.4% over the projected period to reach US$ 17.8 billion by 2034 end.
- The demand for application integration services and solutions is projected to increase at a pace of 21.5% through 2034 in the United Kingdom.
- Market value in China is projected to expand at 20.7% CAGR through 2034 and reach US$ 16.3 billion after this projection period.
- The adoption of application integration solutions in Japan is predicted to increase at 21.2% CAGR over the next ten years.
- The South Korean regional market is expected to increase at the most profitable rate of 21.6% between 2024 and 2034.
Competitive Landscape for the Application Integration Market Participants
Microsoft and IBM are some of the leading players that have consolidated the global market with greater brand value. The key approach for the new market players is the incorporation of AI and machine learning functionalities into commercial applications.
“The spread of Software as a Service (SaaS) apps has strengthened the SaaS integration and its application in the last few years. However, solution developers that provide low-code integration solutions that are easy to use and adaptable have made a significant impact on the market advancement,” – says a lead analyst at FMI
Recent Developments in the Application Integration Industry Players
In September 2022, Wipro Corporation and Cisco Technoloy Inc. combined their public, private, and edge clouds to provide an integrated cloud solution. This full-stack IT-as-a-service platform is a programmable, adaptive, and flexible hybrid cloud solution. Besides Cisco’s Whole Stack Observability solution, it is powered by AppDynamics, ThousandEyes, Cisco Workload Optimization Manager (CWOM), Intersight, and Secure Application technologies.
In May 2022, Accenture plc and SAP SE unveiled a collaborative solution designed to assist large enterprises to benefit from leading-edge cloud services and business transformation. The RISE was coupled with a SAP solution and the SOAR with Accenture services in this joint offering. Accenture’s comprehensive array of transformation services was expanded upon the new frameworks that utilize a single as-a-service delivery model. Accenture is a prominent SAP partner that provides services specifically tailored to assist major organizations, including specialized cloud services and in-house intelligent tools.
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Key Segments Covered by Application Integration Industry Survey Report
By Offering Type:
- Platforms
- Software
By Integration Type:
- Enterprise Application Integration
- Enterprise Service Bus
- Point-to-point Integration
- Integration Platform as a Service (iPaaS)
- Hybrid Integrtion
By Region:
- North America Market
- Latin America Market
- Europe Market
- East Asia Market
- South Asia and Pacific Market
- Middle East and Africa (MEA) Market
Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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