The report "Hybrid Integration Platform
Market by Integration Type (Application Integration, Data Integration, B2B
Integration, and Cloud Integration), Service Type, Organization Size (Large
Enterprises and SMEs), Vertical, and Region - Global Forecast to 2022",
The hybrid integration platform market size is expected to grow from USD 17.14
Billion in 2017 to USD 33.60 Billion by 2022, at a Compound Annual Growth Rate
(CAGR) of 14.4% during the forecast period.
The demand for the hybrid
integration platform market is expected to be driven by the increasing demand
for hosting apps, data, and services on the cloud, the growing need for
integrating on-premises and cloud applications for driving digital business transformation,
and the hybrid integration platforms’ capabilities to tackle the business
challenges. With the increasing need for digital business transformation among
the enterprises across the verticals, the hybrid integration platform market is
expected to gain a major traction during the forecast period.
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in-depth TOC on "Hybrid Integration Platform Market"
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The hybrid integration platform by application
integration type is expected to hold the largest market share in 2017 and 2022.
Application integration is an integration framework that forms middleware, a
collection of technologies and services to enable the integration of systems
and applications across an enterprise. Small and large organizations implement
application integration, as it has become a mission-critical priority to
connect different applications and support application collaboration across the
enterprises to improve the overall business efficiency, enhance the scalability,
and reduce the IT costs. These advantages of application integration may lead
to enhance the growth of the hybrid integration platform market.
Professional services are delivered
to customers after they purchase a product. Services are an integral part in
deploying the solutions in an organization, imparting training, and handling
and maintaining the use of the software. The growth of the professional
services segment is mainly governed by the complexity of operations and the
growing deployment of the hybrid integration platform in organizations.
Companies offering these services encompass consultants and dedicated project
management teams that specialize in the design and delivery of critical
decisions, and support software, tools, services, and expertise.
The BFSI vertical collectively
includes organizations that are into banking services, such as core banking,
corporate, retail banking, investment, private, and card banking; financial
services, such as payment gateways, stock broking, and mutual funds; and
insurance services, covering both life and general insurance policies. Today,
every financial transaction has shifted from paper to the digital form.
Partners and customers demand transactions, fund transfers, credit approvals,
and other activities to be performed anytime, anywhere, on any device. The
hybrid integration platform can meet these demands by allowing financial
organizations to integrate complex data flows from different sources in no
time. The hybrid integration platform in banking and financial sectors enable
the development, execution, and governance of integration workflows among
on-premises and cloud-based applications to enhance the data quality and
security. These benefits are expected to drive the growth of the hybrid
integration platform market in the BFSI vertical.
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North America is expected to hold
the largest market share and dominate the hybrid integration platform market
from 2017 to 2022. There are various factors, which are said to be driving the
adoption of hybrid integration in this region, such as the diversification of
services being delivered and shift of focus from Software as a Service (SaaS)
to hybrid integration platforms for infrastructure and platforms. Another
factor is the increasing need to integrate data and processes between the
public cloud and on-premises applications. The APAC region is in the initial
growth phase; however, it is likely to be the fastest-growing region in the
global hybrid integration platform market. The growth is likely to be driven by
factors, such as the increased spending on improving the infrastructure, the
emergence of advanced and secured cloud-based solutions, and the growing
acceptance of cloud-based solutions and the emerging technologies, such as IoT,
big data analytics, and mobility.
The major vendors providing hybrid
integration platforms are Software AG (Darmstadt, Germany), Informatica
(California, US), Dell Boomi (Pennsylvania, US), MuleSoft (California, US), IBM
(New York, US), TIBCO Software (California, US), Oracle (California, US),
Liaison Technologies (Georgia, US), WSO2 (California, US), SnapLogic
(California, US), Red Hat (North Carolina, US), Axway (Puteaux, France), SEEBURGER
(Bretten, Germany), Microsoft (Washington, US), RoboMQ (Virginia, US), Fiorano
Software (California, US), Attunity (Israel), Cleo (Illinois, US), Actian
(California, US), Adeptia (Illinois, US), Talend (California, US), Scribe
Software (New Hampshire, US), elastic.io (Bonn, Germany), Built.io (California,
US), and DBSync (Tennessee, US).
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