Hybrid Integration Platform Market :Growth in technological innovation, Competitive landscape, trends and outlook

Global hybrid integration platform market on the basis of integration types, service types, organization sizes, verticals, and regions

(EMAILWIRE.COM, July 16, 2018 ) The hybrid integration platform market size is expected to grow from USD 17.14 Billion in 2017 to USD 33.60 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 14.4%. The growing need for integrating on-premises and cloud applications for driving digital business transformation, the increasing demand for hosting apps, data, and services on the cloud, and the hybrid integration platforms’ capabilities to tackle the business challenges are said to be some of the driving factors for the growth of this market.

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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 into digital business services (data integration tools, Application Programming Interface (API) management, iPaaS, MFT, ESB, SaaS, endpoint integration, and communication gateway services) and professional services (training and consulting, and support and maintenance); on the basis of organization sizes (Small and Medium-sized Enterprises (SMEs), and Large enterprises); on the basis of verticals (Banking, Financial Services, and Insurance (BFSI), retail, government and public sector, manufacturing, telecommunication, IT, and IT-Enabled Services (ITES)) and on the basis of regions into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America.

The application integration type is expected to have the fastest growth rate during the forecast period. Application integration combines data and functions from one application program with another to simplify and automate business processes to the greatest extent possible. This integration framework forms a middleware and a collection of technologies and services that enable the integration of systems and applications across an enterprise. This has resulted in improving the overall business efficiency, enhancing the scalability, and reducing the IT costs.

The endpoint integration service is expected to have the fastest growth rate during the forecast period. The growth is attributed to the use of a widely interconnected mesh of heterogeneous devices, located across varied geographical regions, communications protocols, multiple applications, and separate networks. Endpoint integration services have been instrumental in streamlining and exchanging data among multiple components with ease and provide a unified view of metrics and data to the relevant stakeholders. Endpoint integration services focus on areas, such as business consulting and architecture advisory, cloud integrations services, business analytics, and decision and business support systems, along with network management services, and volume and block storage services.

The telecommunication, IT, and ITES vertical is expected to gain the highest traction in the hybrid integration platform market during the forecast period. The amount of data generated across this vertical is very huge, due to the voluminous data generated daily. The IT sector uses cloud-based solutions for activities, such as project management, maintenance of operational schedules, connecting developers and customers, and digital data management. The hybrid integration platform allows operators and security administrators to automatically deploy security policies and functions in cloud networks to save the Operating Expenditure (OPEX) and substantially reduce the manual workload.

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 major growth drivers for this region are the large scale investments in the hybrid integration platform and the need for integrating on-premises and cloud applications for digital business transformation. 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 market faces the challenge of the large usage of ESB technology as an alternative for the hybrid integration platform. The major factor that is said to be restraining the growth of the hybrid integration platform market is the amount of risks and security threats posed by open source integration and the interoperability issues faced during the integration of different platforms.

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), Liaison Technologies (Georgia, US), WSO2 (California, US), SnapLogic (California, US), Red Hat (North Carolina, US), Axway (Puteaux, France), SEEBURGER (Bretten, Germany), Microsoft (Washington, US), RoboMQ (Virginia, US), Fiorano Software (California, US), Attunity (Israel), Cleo (Illinois, US), Actian (California, US), Adeptia (Illinois, US), Talend (California, US), Scribe Software (New Hampshire, US), elastic.io (Bonn, Germany), Built.io (California, US), and DBSync (Tennessee, US). These players have adopted various strategies, such as new product developments, acquisitions, and partnerships to serve the market. Continuous technology innovation is an area of focus for these players to maintain their competitive positions in the market and promote customer satisfaction.

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