Integrated Platform as a Service Market: Increasing Adoption of IPaaS in Healthcare Industry to Favor Market Growth

Adoption of Integration Platform as a Service (IPaaS) in Healthcare Industry to Increase through 2022

Albany, New York, Nov. 19, 2018 (GLOBE NEWSWIRE) -- The global integrated platform as a service market is anticipated to witness a stellar growth in coming years owing to its powerful storage, communications, and computational resources of contemporary data center in the cloud. The market witnesses a significant competition. Key players in the market are investing heavily behind the research and development activities in order to develop which follow the regulatory standards which is set up by the government authorities. Players in the market are opting for strategic partnerships such as merger and acquisitions in order to gain more customer base and formulate their brand name. Some of the key players in the market are Snaplogic, MuleSoft, Dell Boomi, Informatica, Microsoft, Oracle, and Jitterbit.

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According to Transparency Market Research, the market is anticipated to rise at 11.9% of CAGR during the forecast period 2017 – 2022. The market at this pace is predicted to touch a valuation of US$1.2 bn by the end of the tenure period. On the basis of component the market is segregated into services market and software platform. Recently, major share of revenue were collected from the software platform, however, during the forecast period it is anticipated that the organizations will uptake services at an aggressive rate. It is estimated that the segment is foreseen to expand at a CAGR of 12.8% of CAGR during the assessed period. On the basis of geography, the market is expected to be dominated by North America. It is expected that the market will reach a valuation of half a billion dollars.

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Rising Number of Enterprises Seeking Business Growth Aids IPaaS Market to Grow

Various challenges rising during the traditional integration have forced to adopt Integrated Platform as a Service approach that is likely to be a better possible substitute to deliver integrated stacks. Tricky tasks like integrating hybrid application portfolios with the help of conventional data systems are performed by IPaaS solutions. Major factor driving the market is the abilities of IPaaS solutions in routing and orchestration of dataflow along with offering a simple way to implement API, processes and applications for subscribers.

Lengthy delivery times, heavy complexity, and the high cost in infrastructure building for Integration with the help of on-premises approaches opposes the lean approaches and management concept. Significant research and development activities in the market have made the IPaaS solutions more efficient. Rising demand for quicker and lean Integrated platform have led to strong demand for IPaaS. Significant rise in user subscription in last decade have forced major players in cloud computing and information technology to invest and venture in the industry.

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Rapid Adoption by Education Industries to Boosts Market

Aggressive growth of healthcare and education industries throughout the world is anticipated to help the market to reach new heights. It has been noticed that education and healthcare industries are adopting IPaaS solutions at a stellar rate. On the other hand, Pharmaceutical companies which are doing extensive research to provide better drugs are expected to uptake IPaaS solution in order to boosts their manufacturing rate along with integrating sales registries. Education organizations are prognosticated to adopt IPaaS solutions to assimilate more learning processes with applications and interactive devices.

The information share in this review is based on TMR report, titled, “Integrated Platform as a Service (IPaaS) Market (Component -Software Platform and Services; End-user - Large Enterprises and Small & Medium Enterprises; Industry - BFSI, IT & Telecommunication, Healthcare, Government, Education, and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022.

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The market can be segmented on the basis of

Global Integrated Platform as a Service (IPaaS) Market, by component

• Software Platform
• Services

Global Integrated Platform as a Service (IPaaS) Market, by End user

• Large Enterprise
• Small and Medium Enterprise

Global Integrated Platform as a Service (IPaaS) Market, by Industry

• BFSI
• IT and Telcom
• Healthcare
• Government
• Education

Global Integrated Platform as a Service (IPaaS) Market, by Region

• North America
• Latin America
• Europe
• Japan
• APEJ
• MEA

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