Market Size of Cloud Integration Software Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 12.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Cloud Integration Software Market Analysis
The cloud integration software market is expected to register a CAGR of 12.5% during the forecast period. Cloud integration is also known as IPaaS (Integrated Platform as a Service). Successful cloud integration enables companies to avoid creating new silos of information in cloud applications and have the highest level of security and reliability when connecting with cloud solutions.
- Integrations platform as a service (IPAAS) is now the emerging trend for integrating cloud and premises applications. For instance, Cloud Hub is the world's first global IPASS (Integrations platform as a service), providing a fully managed, globally available, and secure cloud platform for integrating applications with no hardware to maintain.
- The factors responsible for the growth of the cloud integration software market include increasing demand for cloud-based enterprise applications and rising demand for cloud computing services. Cloud Data Integration in different industry verticals will also drive the market's growth. Advancements in industrial IT infrastructure across the globe have also led to an increase in Cloud Data Integration.
- There are various reasons which may hinder the growth of the market. Some factors that inhibit market growth are data security, integration of multiple data sources, the threat of data breaches worldwide, financial uncertainty, and macroeconomic situations such as currency exchange rates and economic difficulties.
- Many organizations have extensively adopted cloud integration solutions to modernize IT infrastructure through cost-effective and flexible solutions.
- The COVID-19 pandemic has compelled many major industries to switch to remote working environments due to the lockdown restrictions imposed by the government. The situation has increased the demand for cloud infrastructure services.
