The enterprise application and integration market share is expected to grow at a CAGR of 13.34% between 2022 and 2027. The enhanced efficiency of business processes and the increased adoption of cloud-based integration solutions provides a promising ground for the enterprise application and integration market.
Enterprise application and integration helps streamline processes and keep all elements of the enterprise interconnected. Linking different systems, processes, applications, business partners, and enterprise data offers seamless business operations which in turn will drive the enterprise application and integration market during the forecast period.
Technavio’s analysis on “Enterprise Application and Integration Market by Deployment, End-user, and Geography - Forecast and Analysis 2023-2027” projects that the market share is expected to increase by USD 7,242.64 million at an accelerating CAGR during 2023-2027.
The enterprise application and integration market is segmented by deployment (on-premise and cloud), end-user (bfsi, government, it and telecom, healthcare, and others), and geography (North America, Europe, Apac, South America, and Middle East and Africa).
The enterprise application and integration market share by the on-premise segment will be significant during the forecast period. Organizations mainly deal with critical data, so they increasingly prefer to rely on the on-premises model, as it is more secure due to end-to-end quality control and no third-party interference.
The growing challenges associated with integration has become a major challenge to the adoption of enterprise application and integration market. The integration of new application software with traditional ICT infrastructure makes it difficult to run all applications smoothly. The differences in the versions of application software, the OS, and hardware configurations are some of the common reasons behind system integration-related issues.
The market structure is fragmented, and the vendors are implementing various strategies such as technological innovations to compete in the market.
Some of the major enterprise application and integration market vendors are Adeptia Inc., Atlassian Corp. Plc, Axway Software SA, Boomi LP, Carmatec IT Solutions Pvt. Ltd., Fiorano Technologies Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., Informatica Inc., International Business Machines Corp., Microsoft Corp., Oracle Corp., Salesforce.com Inc., SAP SE, ScienceSoft USA Corp., SnapLogic Inc., Software AG, Talend Inc., TIBCO Software Inc., and Workato.
atlassian.com - The company offers enterprise application integration namely Jira Integration. Through the unified segment, the company offers online project management software that includes Jira software, project and issue tracking, Jira service management icon, Jira align and enterprise agile planning.
Download the Free PDF Sample Report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the market growth.
Precise market size estimation during the forecast period 2023-2027.
CAGR of the enterprise application and integration market forecast during 2023-2027.
Market-level data on units, average selling prices, and values of the enterprise application and integration market share.
Prediction of the upcoming trends, drivers, and factors that challenge the enterprise application and integration market.
Enterprise application and integration market growth across North America, Europe, APAC, South America, and Middle East and Africa.