(2019 – 2024) Enterprise Application Integration Market – CAGR GROWTH, TRENDS, ANALYSIS AND FORECAST
Enterprise Application Integration Market is expected to grow at a CAGR of 16.32% during the forecast period of (2019 – 2024). And report provides complete market overview, list of top manufactures, scope of the report, key market trends of Enterprise Application Integration market and main aspect about report- why should you buy this research report? so don’t miss it.
Enterprise Application Integration Market Overview:
The enterprise application integration market was valued at USD 5.63 billion in 2018 and is expected to reach USD 13.93 billion by 2024, recording a CAGR of 16.32%, over the forecast period of 2019 – 2024. The trend of cloud application in IT will drive the enterprise application integration market in the forecast period.
– Integration handles normalization and transformation, to ensure that an application sends or receives data in a compatible format. Integration also handles the workflow or orchestration of automated multistep requests, which require coordinated interactions across applications, back-end services, and data stores.
– The market studied has witnessed collaborations of software vendors with solution providers, to overcome their limitation of differentiation and provide more value to their customers. This is made possible by extending their products’ integration abilities, which aids the development of homogenous infrastructure and tools that amend integration, broad monitoring, and logging systems. Further, partnerships with mega-cloud vendors are also expected to offer the market players an advantage, in terms of pricing negotiations.
– Since there is a massive increase in databases by the organisations there will be an increase in real-time data access and management.
– The major challenge that this market will face is the availability of open source software. That means the copyright holder doesn’t grant permission to study, edit and distribute the software to anyone.
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List of Top Key-players/Leading Manufacturers of Enterprise Application Integration Market:
Scope of the Enterprise Application Integration Market Report:
Enterprise application integration software refers to server software, hardware, or virtual appliances installed on-premise inside a data center, or offered in a public or private cloud, which acts as a middleware to integrate applications.
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Key Trends of Enterprise Application Integration Market:
Adoption of Cloud in IT and Telecom Drives the Enterprise Application Integration Market
– The demand for EAI solutions in the IT industry is majorly driven by the adoption of cloud platforms, which is expected to drive the demand for EAI solutions, in the segment. IT majors have grown to become some of the most valuable firms, in their respective countries. Thus, to maintain the competitive edge, they are also shifting toward cloud deployment.
– The telecom sector is facing a mode of flux, due to rapidly developing technologies, growing demand, diversity in client base, demand for current products and services at cheaper prices, and the merging of multiple industries, like cable and satellite, with established telecoms. Thus, the adoption of EAI is expected to enable CSPs (cloud service providers) to maintain and manage diverse systems and applications across multiple functions, by allowing them to accomplish logical business process integration, among various disparate application systems.
– The adoption of cloud platforms also serves as a way to integrate various applications, facilitate new and expanded channels, manage costs, manage private cloud, improve access to client data, and other better services.
North America to Account for Significant Market Share
– North America is both the largest and fastest growing market for Enterprise Application Integration (EAI) solutions, globally. The region has a high rate of adoption from almost all the end-user segments in the region, especially contributed by the demand from the United States.
– E-commerce sector is also one of the primary sources of demand for EAI solutions. The region was responsible for more than 20% of the total global retail e-commerce sales in 2017. EAI solutions are increasingly being used to connect the backend systems of e-commerce websites to facilitate quick decision making and ensure the ready availability of data.
– With the advent of Industry 4.0 policies and the US targeting to bring back production establishments into the country, there has been a considerable increase in usage of EAI solutions in the manufacturing sector as well.
– Further, stable banking and financial sector in, both the United States and Canada due to recovering oil and gas sector, a primary contributor to the region’s economy, BFSI sector is increasingly tending toward quality digital services with the help of EAI solutions.
Reasons to Purchase Enterprise Application Integration Market Report:
- The report analyses how the stringent emission control norms will drive the global Enterprise Application Integration market.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Enterprise Application Integration market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
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Overview of TOC, what it contains? –
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
3.1 Market Overview
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter’s Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Product Type
5.2 Distribution Channel
6 COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Most Active Companies
6.3 Most Adopted Strategy
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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