The global hybrid integration platform market is projected to garner an impressive CAGR of 14% as per Market Research Future (MRFR) during the forecast period of 2019 to 2023. MRFR has also mentioned in its report that the global market valuation will reach a projected figure of USD 40 billion by the end of 2023.
Primarily having an on-cloud IT foundation isn’t really reasonable for all organizations. Moreover, with security dangers being a critical factor looming over constantly over them, various organizations have some level of on-premise infrastructure installed. However, the growing innovation and advancements in technology is leading the on-premise IT infrastructure to rapidly move into extinction.
The answer to this unique issue is the hybrid integration platform. This platform enables organizations to utilize both on-premise and on-cloud based deployments in accordance to their needs. This makes hybrid integration platforms genuinely adaptable and versatile, thereby driving considerable growth in the worldwide market. Hybrid integration platforms are additionally cost-effective and help improve the operational proficiency while helping organizations to remain relevant and aggressive in their given market or industry.
Security concerns with respect to cloud integrations are moderated by keeping sensitive information on-premise. While all other information and data are transferred to the cloud for better productivity. Although most organizations use the on-premise infrastructure, many are progressively integrating with the cloud. Also, since full cloud integrations can be tricky and unsafe, many organizations are seen settling for hybrid integration, which is subsequently driving the global market.
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The global hybrid integration platform market is segmented into a number of key components, namely in terms of service type, vertical, integration type, and organization size.
By integration type, the market includes data integration, cloud integration, application integration, and B2B integration.
By service type, the market segments into professional services and digital business services. The digital business services is narrowed down into enterprise service buys, endpoint integration, managed file transfer, software as a service, application programming interface management, data integration tools, and communication gateway services. Whereas, the professional services segment is broken down into support & maintenance and training & consulting.
By organization size, the market divides into large enterprises and small and medium-sized enterprises.
By vertical, the market comprises manufacturing, retail, IT & telecommunication, BFSI, government & public sector, and others.
The global hybrid integration platform market includes a host of key players. This includes names such as Liaison Technologies (U.S.), Informatica (U.S.), Oracle Corporation (U.S.), Software AG (Germany), Dell Boomi (U.S.), International Business Machines Corporation (U.S.), MuleSoft (U.S.), TIBCO Software, Inc. (U.S.), WSO2 (U.S.), Red Hat (U.S.) and others.
June 2019, tech giants Hewlett Packard Enterprise and Google Cloud have agreed on expanding their partnership in order to make it easier to deploy hybrid cloud for containerized applications.
The global Hybrid Integration Platform Market is regionally distributed across the following key geographical areas: Asia Pacific, Europe, North America, and the Rest of the World.
As mentioned previously, the global market of hybrid integration platform is projected to grow at a notable rate during the forecast period. A big driving factor behind the burgeoning growth of the market is the dominance of the North American region. The regional market leads the global standings with the highest share and is followed up by Asia Pacific and European regions.
The growth of the North American regional market is primarily due to the presence of countries like Canada and the US and the booming demand for the integration of cloud-based services and on-premise applications herein. Additionally, the region is also well-developed in terms of infrastructure. This allows the implementation of various advanced technologies. The growing need for data and services and hosting application on the cloud is another key driving factors boosting the growth of the hybrid integration platform market in North America.
- Technology Investors
- Research/Consultancy Firms
- Government Bodies
- Hybrid Integration Platform Providers
- IT, Networking and Communication Service Providers
- Data Integration Providers
- System Integrators
- Training and Education Service Providers
- Support and Maintenance Service Providers
LIST OF TABLES
TABLE 1 HYBRID INTEGRATION PLATFORM MARKET, BY INTEGRATION TYPE
TABLE 2 HYBRID INTEGRATION PLATFORM MARKET, BY SERVICE TYPE
TABLE 3 HYBRID INTEGRATION PLATFORM MARKET, BY ORGANIZATION SIZE
TABLE 4 HYBRID INTEGRATION PLATFORM MARKET, BY VERTICAL
TABLE 5 HYBRID INTEGRATION PLATFORM MARKET, BY REGION
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LIST OF FIGURES
FIGURE 1 RESEARCH TYPE
FIGURE 2 HYBRID INTEGRATION PLATFORM MARKET, BY INTEGRATION TYPE
FIGURE 3 HYBRID INTEGRATION PLATFORM MARKET, BY SERVICE TYPE
FIGURE 4 HYBRID INTEGRATION PLATFORM MARKET, BY ORGANIZATION SIZE
FIGURE 5 HYBRID INTEGRATION PLATFORM MARKET, BY VERTICAL
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