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(Wireless-NewsWire.Com, April 04, 2019 ) The demand for the hybrid integration platform market is expected to be driven by the increasing demand for hosting apps, data, and services on the cloud, the growing need for integrating on-premises and cloud applications for driving digital business transformation, and the hybrid integration platforms’ capabilities to tackle the business challenges. With the increasing need for digital business transformation among the enterprises across the verticals, the hybrid integration platform market is expected to gain a major traction during the forecast period.
[159 Pages Report] The hybrid integration platform market size is expected to grow from USD 15.00 Billion in 2016 to USD 33.60 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 14.4%.
Report describe and forecast the global hybrid integration platform market based on integration types, service types, organization sizes, verticals, and regions
Professional services are delivered to customers after they purchase a product. Services are an integral part in deploying the solutions in an organization, imparting training, and handling and maintaining the use of the software. The growth of the professional services segment is mainly governed by the complexity of operations and the growing deployment of the hybrid integration platform in organizations. Companies offering these services encompass consultants and dedicated project management teams that specialize in the design and delivery of critical decisions, and support software, tools, services, and expertise.
North America is expected to hold the largest market share and dominate the hybrid integration platform market. There are various factors, which are said to be driving the adoption of hybrid integration in this region, such as the diversification of services being delivered and shift of focus from Software as a Service (SaaS) to hybrid integration platforms for infrastructure and platforms. Another factor is the increasing need to integrate data and processes between the public cloud and on-premises applications. The APAC region is in the initial growth phase; however, it is likely to be the fastest-growing region in the global hybrid integration platform market.
The major vendors providing hybrid integration platforms 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) and many more.
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