PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1402373
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1402373
Enterprise application integration market size is projected to expand at over 12% CAGR from 2023 to 2032. The increasing adoption of cloud computing and the proliferation of disparate enterprise systems worldwide is creating the need for seamless data flow and communication. In recent times, several businesses are striving for operational efficiency and improved decision-making, further spurring the demand for integrated solutions to connect diverse applications. For instance, in October 2023, Software AG, a German multinational software corporation, launched Super IPaaS, an integration platform category to address the evolving requirements of large and modern enterprises.
Additionally, the rise of hybrid IT environments incorporated with on-premises and cloud-based systems is necessitating robust enterprise application integration (EAI) solutions. The growing emphasis on digital transformation is driving the higher integration of emerging technologies like IoT and AI. The rising need to enhance agility and responsiveness will also propel the industry expansion.
The EAI industry is bifurcated into type, deployment model, organization size, end-user, and region.
Based on deployment model, the industry value from the on-premises segment is projected to increase at commendable CAGR from 2023 to 2032. The growth can be attributed to the rising data security concerns, regulatory compliance, and the greater need for localized control. Numerous businesses with sensitive data and stringent compliance requirements also find on-premises solutions appealing, adding to the segment growth.
EAI market share from the microservices type segment is projected to rise at significant CAGR between 2023 and 2032, owing to the rising demand for agile and modular application development. Microservices architecture enables organizations to build, deploy, and scale applications more efficiently for enhancing flexibility and driving innovations. Moreover, the growing emphasis on faster time-to-market and the dire need for scalable and resilient applications will also fuel the adoption of microservices.
Regionally, the Asia Pacific enterprise application integration market is projected to expand at rapid pace between 2023 and 2032. This can be ascribed to the increasing digitalization efforts, growing adoption of cloud-based solutions, and the surging focus on business process optimization. Furthermore, the dynamic business landscape and the rising need for streamlined data flow across diverse applications will favor the regional industry growth.