According to estimates, the value of the worldwide application integration market will reach US$ 15.8 billion, up from US$ 5.4 billion in 2019. The application integration industry is expected to reach a valuation of US$ 15.8 billion by 2024. The market is anticipated to grow at an amazing CAGR of 20.3% between 2024 and 2034. It is projected that the overall market share would be valued around US$100 billion by 2034.
Initiatives to integrate digital transformation during the pandemic sped up market growth in the next five years. The proliferation of IoT and IIoT technologies has also contributed significantly to the recent acceleration of application integration solution adoption.
The importance of safe application integration techniques has surged in light of the growing emphasis on cybersecurity crimes and data breaches. On the other hand, cloud-based technology and solution adoption is spreading quickly giving rise to a trend of cloud integration services.
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Key Takeaways from the Application Integration Market Study Report
- The application integration market in the United States is projected to grow at a CAGR of 20.4% over the projected period to reach US$ 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
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. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
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