The cloud integration software market is poised to grow by $ 8.32 bn during 2022-2026, accelerating at a CAGR of 12.3% during the forecast period.
Cloud Integration Software Market Overview:
Successful cloud integration allows enterprises to achieve the highest level of security and reliability when connecting with cloud solutions without creating new information silos in cloud applications.
Integration Platform as a Service (IPAAS) is now a new trend for integrating cloud applications with each other and with on-premise applications. For example, Cloud Hub is the world's first global Integrations platform as a service (IPASS), providing a globally available, fully managed, secure cloud platform for integrating applications with no hardware to maintain.
Factors responsible for the growth of the cloud integration software market include increasing demand for cloud-based enterprise applications and increasing demand for cloud computing services. The use of cloud data integration across various industries will also drive market growth. Advances in industrial IT infrastructure around the world have led to the growth of cloud data consolidation worldwide.
There are various reasons that may hinder the growth of the market. Some of the factors hindering the market growth are macroeconomic conditions such as data security, integration of multiple data sources, global data breach threats, financial uncertainty, and exchange rate and economic difficulties.
Cloud integration solutions are widely adopted by many organizations to modernize their IT infrastructure through cost-effective and flexible solutions.
Cloud Integration Software Market size, estimates, and forecasts are provided in terms of sales volume (K Units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Cloud Integration Software Market in detail. Regional market sizes related to products by type, by application, and by the player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.
Key Market Updates:
- Accenture - The company offers cloud-integrated software such as the Accenture Cloud Platform, which includes big data analytics, data decommissioning, testing as a service, and infrastructure as service provisioning and management.
Major Market Segments Covered in Cloud Integration Software Market Industry Research:
Market Key Players:
Carbonite Inc., IBM Corporation, Informatica, Microsoft Corporation, Oracle Corporation, Piesync BVBA, Salesforce Inc., SAP SE, SnapLogic, And Others.
45% of market growth will occur in APAC during the forecast period. China is a key market for the APAC cloud integration software market. Market growth in this region will be faster than market growth in other regions.
Growing demand for computing services for scalability, integration and standardization from various enterprises will propel APAC's cloud integration software market growth over the forecast period. This market research report contains detailed information on competitive intelligence, marketing gaps, and regional opportunities for vendors to help develop an effective business plan.
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Significant Market Dynamics:
The increasing use of AI-enabled SaaS is one of the major drivers impacting the cloud integration software market growth. AI is a computer science that uses algorithms, pattern matching, heuristics, rules, deep learning, and cognitive computing to draw approximate conclusions without direct human input. Researchers can use AI to solve complex problems that are difficult or impossible for humans. AI is designed and programmed to think and act like humans. AI is gaining popularity because of its ability to improve productivity and deliver accurate results in a short amount of time. AI-optimized SaaS solutions enable businesses to power internal processes through rapid automation, streamline customer service operations, and improve personalization and responsiveness throughout the process. Therefore, increasing usage of AI-enabled SaaS is expected to augment the growth of the cloud integration software market over the forecast period.
Growing acceptance of PaaS is one of the major trends impacting cloud integration software market growth. PaaS is a particularly attractive cloud model for many enterprises because it provides a single, comprehensive solution that allows you to focus on activities that add value to your business rather than day-to-day maintenance. PaaS gives businesses the freedom to design and develop applications according to their requirements. PaaS solutions allow businesses to deploy applications on-premises or in a private cloud. Thus, PaaS provides customization and allows you to manage the application lifecycle. Therefore, enterprises are turning to PaaS solutions that will propel the growth of the global cloud integration software market during the forecast period.
Data security concerns are one of the major challenges hindering the growth of the cloud integration software market. Data breaches have become a major cause of concern worldwide. News reports of hacking and industrial espionage are common. These breaches pose a major threat to small businesses and large enterprises. However, cloud-integrated software solutions also come with security concerns. When businesses and users provide their information and data to third parties, they are concerned about who has access to their information and data. Also, most small businesses need to outsource certain tasks, such as IT. However, when you outsource IT services, you have no control over the service provider's operations. As such, they are exposed to multiple risks. Therefore, concerns about data security will act as a major challenge to the growth of the global cloud integration software market during the forecast period.
Cloud Integration Software Market report scope:
Crucial Points from this Cloud Integration Software Market Report
- Estimate Cloud Integration Software Market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
- Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
- Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
- Get a quick viewpoint on the Cloud Integration Software Market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
- Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
- Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Study the sales and distribution channels over key geographies to improve top-line revenues.
Frequently Asked Questions-
- What is the CAGR of Cloud Integration Software Market?
- What are the key types of Cloud Integration Software Market?
- What are the key applications of Cloud Integration Software Market?
- Who are the key players in Cloud Integration Software Market?