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The global integration platform as a service market was valued at $3.4 billion in 2021, and is projected to reach $37.9 billion by 2031, growing at a CAGR of 27.5% from 2022 to 2031.<br>
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The global integration platform as a service market was valued at $3.4 billion in 2021, and is projected to reach $37.9 billion by 2031, growing at a CAGR of 27.5% from 2022 to 2031. Download Sample PDF Integration platform as a service (iPaaS) is a cloud-based suite of tools, hosted by a third-party provider, that enables organizations to integrate, automate, and manage applications, business systems, and data that reside in different business environments, whether on-premises or in public or private clouds. Factors such as growth in adoption of hybrid and multi-cloud Infrastructure and the surge in importance of cloud real-time monitoring in business sectors impact the growth of the integration platform as a service market globally.
Impact of Covid-19 The IPAAS Market has witnessed significant growth in past few years; however, due to the outbreak of the COVID-19 pandemic, the market is projected to witness a slight downfall in 2020. This is attributed to implementation of lockdown by governments in majority of the countries and the shutdown of travel across the world to prevent the transmission of virus. 1 The integration platform as a service industry is projected to prosper in the upcoming years after the recovery from the COVID-19 pandemic. Various organizations have initiated work-from-home culture for their employees, which is creating demand for the cloud-based IPaaS to manage critical information of organizations, thus creating lucrative opportunity for the market expansion during the forecast period. 2
Segmentation By Region U.S., Canada North America U.K., Germany, France, Spain, Italy, Rest of Europe Europe China, Japan, South Korea, India, Australia, Rest of Asia-Pacific Asia-Pacific LAMEA Latin America, Middle East, Africa
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