PUBLISHER: The Business Research Company | PRODUCT CODE: 1484978
PUBLISHER: The Business Research Company | PRODUCT CODE: 1484978
Enterprise application integration (EAI) involves linking various systems and software applications within a company to ensure smooth collaboration. Its purpose is to enhance operational efficiency by enabling these applications to exchange data and functionalities, thereby optimizing business processes.
The primary enterprise application integration deployment options include on-premise, cloud, and hybrid solutions. On-premise deployment entails hosting software, hardware, and infrastructure within the organization's physical premises or individual's location. This model caters to diverse organizational scales, including large enterprises and small to medium-sized businesses, and serves numerous end-users across sectors such as banking, financial services, insurance, information technology, telecommunications, healthcare, retail, government, manufacturing, among others.
The enterprise application integration market research report is one of a series of new reports from The Business Research Company that provides enterprise application integration market statistics, including enterprise application integration industry global market size, regional shares, competitors with an enterprise application integration market share, detailed enterprise application integration market segments, market trends and opportunities, and any further data you may need to thrive in the enterprise application integration industry. This enterprise application integration market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The enterprise application integration market size has grown rapidly in recent years. It will grow from $16.97 billion in 2023 to $19.74 billion in 2024 at a compound annual growth rate (CAGR) of 16.3%. The expansion observed in the historical period can be credited to factors including data fragmentation, improvements in customer experience, adherence to regulatory requirements, and optimization of supply chain operations.
The enterprise application integration market size is expected to see rapid growth in the next few years. It will grow to $36.44 billion in 2028 at a compound annual growth rate (CAGR) of 16.6%. The anticipated growth in the forecast period is driven by several factors, notably business continuity and resilience, heightened emphasis on enhancing customer experience, increased focus on data governance and compliance, the prevalence of hybrid IT environments, and the expanding adoption of cloud services. Significant trends expected in this period include the proliferation of microservices-based integration, the broader implementation of low-code or no-code integration solutions, the emergence of event-driven architectures, the accelerated uptake of AI and machine learning technologies, and a heightened focus on API-led integration strategies.
The anticipated rise in cloud computing adoption is poised to drive substantial growth within the enterprise application integration market. Cloud computing entails the provision of computing resources such as servers, databases, networking, and analytics via the Internet. Its increasing adoption is fueled by the assurance of security coupled with cost-efficiency, scalability, reliability, and avenues for innovation. The scalability, cost-effectiveness, and heightened demand for accessibility and mobility inherent in cloud computing facilitate seamless integration of enterprise applications. For instance, as reported by Eurostat in December 2023, cloud-based solution adoption in the European Union saw a notable uptick, with a 4.2% increase compared to the previous year, reaching 45.2% of enterprises purchasing cloud computing services. This surge underscores a significant shift towards cloud adoption, consequently propelling the growth trajectory of the enterprise application integration market.
Leading enterprises in the enterprise application integration market are directing their focus towards technological innovations, exemplified by the introduction of the Super Integration Platform, aimed at delivering seamless and personalized customer experiences. The Super Integration Platform represents a state-of-the-art enterprise integration solution, amalgamating web methods and stream sets to offer a unified approach to integrating applications, data, APIs (application programming interfaces), and B2B interactions seamlessly. For instance, in October 2023, Software AG, a prominent software company headquartered in Germany, unveiled Super iPaaS, a groundbreaking enterprise integration platform designed to tackle the connectivity challenges arising from rapid digital expansion. This innovative solution empowers users to establish connections effortlessly, ensuring secure data transmission and enabling data-driven decision-making. Super iPaaS provides a cohesive experience across all integration components, delivering unparalleled visibility and governance while fostering developer collaboration and enhancing productivity.
In March 2022, Krish Compusoft Services Inc. (KCS) acquired Biarca Inc. to bolster its digital transformation portfolio. This acquisition aims to incorporate specialized cloud security solutions from Biarca, leveraging its expertise in security operations and threat analytics to better serve customers in the cloud security landscape. Biarca Inc., a US-based ITaaS cloud solutions consulting company, offers enterprise application integration services as part of its offerings.
Major companies operating in the enterprise application integration market are Microsoft Corporation, Dell Technologies Inc., Amazon Web Services Inc., Accenture Plc, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Fujitsu Ltd., SAP SE, Salesforce.com Inc., Hewlett Packard Enterprise Development LP (HPE), Infosys Limited, VMware Inc., HCL Technologies, ServiceNow Inc., Workday Inc., EPAM Systems, Splunk Inc., Software AG, TIBCO Software Inc., Persistent Systems, Progress Software Corporation, Chetu Inc., iTransition Group, Fingent Corporation
North America was the largest region in the enterprise application integration market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the enterprise application integration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the enterprise application integration market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The enterprise application integration market includes revenues earned by entities by providing services such as data integration, application connectivity, business process automation, message queuing, and transformation services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.