Enterprise application integration or EAI helps integration of various computer applications of the enterprises. It’s a network of collected technologies that create middleware to enable system and application integrations. The global enterprise application integration market is expected to witness healthy growth during the next few years. This growth is attributed to a number of reasons including the rising demand and advancing technology. Progress of the overall IT industry is also creating strong demand for these solutions and systems on the enterprise computer systems. As a result of all these factors, the global market is expected to make strong inroads across the emerging markets as well.
Drivers for EAI Market
In order to provide a major boost to the to the business activities, enterprises from around the world are indulging into various technologies and systems. Linking various systems, applications, processes, business partner and enterprise data helps in attaining seamless business functions. Rapidly evolving technology and growth of the IT based industries are helping the enterprise application integration market in a major way.
The market is also driven by a number of other driving factors. Growing need for cost cutting and application integration is expected to drive the industry at a stable pace. Rising data across the enterprises demand for real-time data access from different parts of the world and applications of the modern age business technologies are some of the strongest drivers for the EAI Market. Analysis of these drivers provides details of the growth opportunities for the market in the years to come.
Restraints and Opportunities
Despite the strong rate of adoption and technological advancements, the EAI market is struggling with certain hindrances. Limited knowledge and resources are considered to be the major restraints for the enterprise application integration market. Growing challenges from cloud-based or hosted integrations and absence of uniform and governance model are also considered to be the strongest restraining factors for the global market.
Nevertheless, the enterprise application integration market is expected to witness strong business opportunities. These opportunities are mainly derived from rising demand from the business to business (B2B) integration and growth in the integration of IPaaS or Integration Platform as a Service Market. Thanks to these business opportunities, the global market is expected to witness healthy growth and investment opportunities during next few years to come.
According to the experts, the global enterprise application integration market is expected to grow at a CAGR of over 11%. This growth rate is expected to be steady from 2014 to 2019. During the study period, the global market is expected to become worth more than $13.35 billion by the end of the year 2019. As of 2014, the industry is estimated to be worth $7.85 billion. During the study period, North America is projected to dominate the global market. Growth in the demand for integrated technologies is expected to create strong growth in demand for these technologies in near future.