The size of the integration platform as a service market was about USD 4.7 billion in 2023, and it will power at a rate of 30.1 % by the end of this decade, touching USD 29.5 billion in 2030.
The market is powered by the growing need for business agility, mounting consciousness with regards to iPaaS amongst business enterprises, faster disposition & scalability of cloud-based solutions, increasing acceptance of SaaS applications, and decreased cost of ownership.
Public cloud has the leading share within the deployment segment. This is credited to the lower costs related with public cloud, as numerous users share one cloud platform, universally accessing the programs and applications obtainable through it.
The APAC integration platform as a service market will grow significantly in the future. This expansion is mainly powered by the rising cloud and device transportability trends in China, Australia, Japan, New Zealand, and India. The government steps to increase digital infra are also driving the acceptance of iPaaS in the region.
The regional market is also powered by the increasing manufacturing output. Also, digitization in the energy & efficacies, retail, manufacturing, consumer goods, and all further industries powers the industry.
The iPaaS industry is at present led by the North America, chiefly as a result of the existence of some key stalwarts providing cutting-edge solutions and the considerable fundings in IPaaS technologies. Moreover, the fast acceptance of cloud-based services by more than a few formations in the continent contributes to this ascendency. The growing requirement for cutting-edge integration services and the migration of workloads to the cloud will further drive the requirement for IPaaS solutions.
It is because of the growing requirement of business agility all over the world, the demand for iPaaS is on the rise. This trend will continue in the years to come as well.
