Application Integration Sector Poised to Reach $38.4 Billion by 2028

 The global applicationintegration system market trends are projected to grow from 15.4 billion in 2023 to USD 38.4 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 20.0% during the forecast period. Heavy IoT investments are driving the growth of the application integration market.

Professional services segment to lead application integration market during the forecast period

Professional services include the assistance provided by external sources to companies that support businesses of all sizes and across industries. Professional services are categorized into three types: consulting, integration, and support and maintenance and are delivered to customers after the purchase of a product. The services are an integral part of deploying the solutions in an organization, imparting training, handling, and maintaining the use of the software.

Application Integration Market Advantages

·         Businesses can connect their many programmes and systems through application integration, which helps them to streamline operations, automate procedures, and get rid of manual labour. Businesses may benefit from this by operating more cost-effectively and productively.

·         Application integration minimises the possibility of mistakes and inconsistencies by ensuring that data is synchronised and current across all platforms. This can assist organisations in making decisions that are based on reliable, current data.

·         Businesses may deliver a seamless and consistent consumer experience across many channels, including as the web, mobile, and social media, by connecting their various apps and systems. Customer loyalty and satisfaction may increase as a result.

·         Businesses can quickly respond to shifting client demands, market circumstances, and emerging technology thanks to application integration. They can use this to stay one step ahead of the pack and stay relevant in their field.

Business Intelligence segment to have higher growth rate during the forecast period

Business Intelligence is the process of collecting, cleaning, analyzing, and turning business data into actionable insights. It relies on descriptive analytics to understand the occurrence of a business-related event. These insights are delivered through reports and dashboards. Access to various data is required by BI tools to be effective. Nowadays, the sources of data collection for organizations are websites, IoT devices, machines, customers, and various other external sources. Further, the data gets stored in CRM, ERP, and a range of other cloud-based and on-premises systems.

Asia Pacific to grow at the highest rate during the forecast period

Asia Pacific is the fastest-growing region in the application integration market. Leading countries in the region include China, Japan, India, Australia, and New Zealand that have sustainable and well-established economic growth, enabling them to increasingly invest in various R&D activities. This contributes to the development and expansion of the application integration market in the region.

Market Players

The major vendors covered in the application integration market include Salesforce (US), Informatica (US), SAP (Germany), Oracle (US), SnapLogic (US), Software AG (Germany), IBM (US), Microsoft (US), TIBCO Software (US), Celigo (US), Boomi (US), Adeptia (US), WSO2 (US), DBSync (US), Flowgear (South Africa), InterSystems (US), SEEBURGER (Germany), Workato (US), Magic Software (Israel), OpenLegacy (US), Jitterbit (US), Elastic.io (Germany), Talend (US), Tray.io (US), Cyclr Systems (UK), APIFuse (US), and Zapier (US).

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