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.
As per marketsandmarkets research study, the hybrid integration platform market size is expected to grow from USD 15.00 Billion in 2016 to USD 33.60 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 14.4%.
Some of the key vendors in the hybrid integration platform market 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)
North America is expected to hold the largest market share and dominate the hybrid integration platform market from 2017 to 2022. The region has been extremely responsive toward adopting the latest technological advancements, such as data integration tools, API management, iPaaS, MFT, and ESB. The APAC region is in the initial growth phase; however, it is the fastest-growing region in the global market. The growth is likely to be driven by factors, such as the increased spending on improving the infrastructure and the emergence of advanced and secured cloud-based solutions.
The hybrid integration platform market report has been broadly classified on the basis of integration type into application integration, data integration, B2B integration, and cloud integration; on the basis of service types ; on the basis of organization sizes ; on the basis of verticals and on the basis of regions .
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.
