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.
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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.
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.
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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.
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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