Digital adaption and transformation of the businesses has become a strategic decision, which the senior management across enterprises are considering mainly post Covid-19 era. From large enterprises to small and medium businesses, every organization is focusing their attention towards digital transformation to be competitive in the market. In the Digital transformation ladders one of the important tasks is the integration of different applications. Integration of on premise or cloud application are done using Integration Software which helps systems to connect using Application program interface (API) enabling seamless data transfer.
Integration Software solutions has become integral part of all Digital transformation. More recently with increased Cloud adaption, many software and Infrastructure services are offered in subscription-based model (as a Service) and called as Software as a Service (SaaS), Platform as a Service (PaaS) and Infrastructure as a Service (IaaS)., wherein Customer pay subscription payment upfront for consumption of Software or infrastructure services. Integration software services offered as a platform included with hardware and software tools for deployment has evolved to be called as Integration Platform as a Service (IPaaS). Due to increased growth of data and their consumption from different applications through integration will help to bring the data closer and interact with each other., thus necessitating the IPaaS market to growth exponentially over a period of time. The IPaaS market has grown to several billion dollars till 2020 and is forecasted to growth multifold in the next few years. The compounded annual growth rate of IPaaS market is forecasted to be >20% for the 2021-24 period. This gives more room for the existing IPaaS players and the new players to aggressively take this solution to the market for CIOs to utilize its capabilities in their Digital transformation.
Set-up zero code automation & integrations at ease without IT assistance.