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The enterprise application and integration market is estimated to increase by USD 26.93 billion at a CAGR of 17.09% between 2023 and 2028. Market growth hinges on several key factors, including rising demand for food enzymes, expanded biofuel production, and increased consumption of cosmetics and personal care products. The food industry's need for enzymes continues to grow as they play crucial roles in food processing, improving product quality and shelf life. Concurrently, the biofuel sector benefits from advancements in enzyme technologies that enhance production efficiency and sustainability. Furthermore, the cosmetics and personal care industry's reliance on enzymes for formulation and product development drives market expansion. These sectors collectively contribute to the market's upward trajectory by fostering innovation and driving investment in enzyme research and development.
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The market is evolving rapidly amidst digital transformation and the rise of Big Data, IoT, and middleware infrastructure. Organizations are leveraging opensource software and platforms like Anypoint Exchange and Turvo Connector for B2B connectivity and business process optimization. Concerns over data security persist, especially with the increase in remote work and integration challenges within banking systems and enterprise service bus environments. Solutions like Salsify streamline electronic data interchange and enhance IT complexity management with adaptable adapters. As enterprises navigate IT complexity and embrace digital transformation, robust middleware solutions such as Backbase are crucial for integrating diverse applications and ensuring seamless operations in a connected world. In B2B connectivity, addressing data security concerns is crucial for integrating Grand Central, an integration platform that bridges IT environments across cloud segments with AI-driven integration, essential for modern e-commerce solutions.
The enhanced efficiency of business processes is a key factor driving market growth and in the past, big companies relied on software applications to deliver critical business services. Complex software manages everything, right from customer relationships to supply chains and business intelligence (BI). Business software, such as ERP systems, CRM, SCM, BI applications, and payroll and human resources systems, bring much-needed benefits to companies. They enable robust data collection and analysis, streamline business processes, and establish communication with customers, colleagues, and suppliers.
Moreover, more companies are investing in enterprise application and as they realize the benefits and need to share information and applications between systems to enhance efficiency. It helps streamline processes and keep all elements of the enterprise interconnected. Linking different systems, processes, applications, business partners, and enterprise data helps attain seamless business operations. Such factors are expected to drive the growth of the global market during the forecast period.
The increased adoption of cloud-based integration solutions will fuel the global enterprise application and integration (EAI) market growth. Organizations are adopting cloud computing solutions to modernize their IT infrastructure through cost-effective and flexible solutions. Cloud computing solutions help organizations move their supply chain management (SCM) systems from the on-premises model to the cloud computing model to integrate with other back-office systems. The popularity of cloud-based services is increasing due to the availability of faster connectivity features to run multiple applications.
Further, cloud-based services enable enterprises to exchange data within or with outside enterprises for commercial applications. Cloud-based services are deployed in two forms, namely integration platform-as-a-service (iPaaS) and data platform-as-a-service (dPaaS). iPaaS includes a set of cloud-based integration solutions that enable enterprises to integrate back-office systems without installing physical IT infrastructure. dPaaS is an integration service for data management in organizations. It enables enterprises to access applications for the quick retrieval of data. Thus, the increased adoption of cloud-based integration solutions is one of the growing trends, which is expected to drive market growth and trends during the forecast period.
The growing challenges associated with integration are a major challenge to the global enterprise application and integration (EAI) market growth. Integration issues arise when new enterprise application software is integrated with the existing application software infrastructure of an enterprise. The differences in the versions of application software, the OS, and hardware configurations are some of the common reasons behind system integration-related issues. Most organizations still use legacy and outdated software systems, applications, programming languages, and backend storage systems, which leads to interoperability issues while integrating new back-office systems with enterprise or front-end systems.
Besides, new application software comprises regulatory and compliance features due to the increasing regulatory pressures in the BFSI, telecom, healthcare, and other industry verticals. The integration of new application software with traditional ICT infrastructure makes it difficult to run all applications smoothly. Thus, growing challenges associated with integration are a major challenge for the growth of the global market during the forecast period.
Key Market Customer Landscape
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the on-premise segment will be significant during the forecast period. The on-premises model segment will experience slow growth during the forecast period. The adoption of solutions requires investments to be made in product purchases, installation, maintenance, and upgrades. Furthermore, organizations need to incur investments in training an in-house IT workforce to support users of the software. The on-premises model is more secure than cloud solutions. The global market is dominated by large organizations that are concerned more about functionality than cost-effectiveness. These organizations mainly deal with critical data, so they increasingly prefer to rely on the on-premises model, as it is more secure due to end-to-end quality control and no third-party interference.
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The on-premises segment showed a gradual increase in market share, from USD 8.31 billion in 2017. Furthermore, on-premise deployments enable the real-time monitoring of business processes. Such deployments also ensure the complete security of enterprise data, such as source codes, version enhancements, and source code change histories, as they only require licensed or purchased copies of software solutions from independent software vendors. The growth of the on-premises model is volatile in nature due to the high switching costs involved in shifting from the on-premises to the cloud-based model. The emergence of SMEs, innovations in data security, inherent cost-effectiveness, and flexibility of the cloud-based model are expected to drive the adoption of cloud technologies during the forecast period, which is a major challenge for the growth of the on-premises segment in the global EAI market during the forecast period.
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North America is projected to contribute 35% by 2028. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. North America is a significant contributor to the growth of the global market, with enterprises adopting these solutions to gain better operational efficiency and survival in the highly competitive environment. Furthermore, the growing demand for cloud computing, which plays a significant role in the easy adoption and integration of multiple application software and service platforms, is driving the growth of the market in North America. In addition, the adoption of customer relationship management (CRM) via the cloud is common among North American organizations, which are increasingly utilizing the hybrid model of on-premises and cloud products to meet their business needs. Thus, the increased adoption of enterprise software and applications, coupled with the need for enterprise application integration, is expected to drive the growth of the market in North America during the forecast period.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
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The market is driven by the need for businesses to streamline operations and improve efficiency. Existing systems are being integrated with automation technologies and cloud computing to enhance performance. However, restraints like the need for skilled labor and significant R&D investment hinder growth. Technological advancements in middleware and supply chain management applications are reshaping the industry. Enterprise resource planning (ERP) systems, human resource management, and business intelligence systems are increasingly integrated, boosting operational efficiency. Payroll systems and other business systems are also being integrated for better functionality. The market is segmented by deployment type (cloud, hybrid), organization size (large enterprises, SMEs), and industry verticals (IT & Telecom, Retail, Manufacturing, etc.). Geographically, Asia Pacific and Latin America are emerging as key regions for market growth. CSPs are playing a crucial role in driving solutions for businesses, indicating a positive outlook for the market. In business world, B2B connectivity is increasingly vital, facilitated by cloud-based technologies that streamline operations across web and wireless platforms. Hybrid integration solutions accommodate diverse needs, managing vast volumes of data effectively. This environment attracts venture capital investments, driving innovation and scalability in the cloud segment of the market.
Market Scope |
|
Report Coverage |
Details |
Page number |
186 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 17.09% |
Market growth 2024-2028 |
USD 26.93 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
14.2 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 35% |
Key countries |
US, Germany, Canada, China, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Adeptia Inc., Atlassian Corp. Plc, Axway Software SA, Boomi LP, Carmatec IT Solutions Pvt. Ltd., Fiorano Technologies Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., Informatica Inc., International Business Machines Corp., Microsoft Corp., Oracle Corp., Salesforce Inc., SAP SE, ScienceSoft USA Corp., SnapLogic Inc., Software AG, Talend Inc, TIBCO Software Inc., and Workato Inc. |
Market dynamics |
Parent market analysis, Market forecasting growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Deployment
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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