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Hybrid Integration Platform Market by Integration (Application Integration, Data Integration, Business-to-Business (B2B) Integration, and Cloud Integration), Service(Digital business services, and Professional Services), Organization Size (Large Enterprises and Small-& Medium-sized Enterprises (SMEs)), and Industry Vertical(BFSI, Healthcare & Life Sciences, Telecommunications &IT, Government & Public Sector, Manufacturing, Consumer Goods & Retail, Media & Entertainment, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027
| A09780 | Pages: NA | Jun 2021 | 282 Views | | |
| Author(s) : Stuti Gandhi | Tables: NA | Charts: NA | Formats*: | |
COVID-19
Pandemic disrupted the entire world and affected many industries.
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Hybrid integration platform (HIP) is an integration software productthat enables different users to secure, develop, and administer additional streams that connect different applications, services, systems, and data stores. It allows fast application programming interface (API) and lifecycle management to meet the needs of various hybrid integration usage cases. In addition, hybrid integration platform helps organizations to integrate data and applications in a multi-cloud and on-premises environment. The hybrid integration platform allows democratization, collaboration, and asset recycling through a variety of features that help build asset reserves, aggregation support, and integration teams.
Hybrid Integration PlatformMarket Scope and Structure Analysis:
Report Metric | Details |
Market size available for years | 2020–2027 |
Base year considered | 2019 |
Forecast period | 2021–2027 |
Forecast units | Value ($) |
Segments covered | Integration, Service, Organization Size, Industry Vertical, and Region |
Regions covered | North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM), and Middle East &Africa |
Companies covered | Cleo Communications Inc., elastic.io GmbH,International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Salesforce.com Inc., Snaplogic, Inc., Software AG, TIBCO Software Inc., and Wipro Limited. |
Impact of COVID-19 on Hybrid Integration PlatformMarket:
- The global impact of COVID-19 pandemic has significantly affected the hybrid integration platform market
- Though governments have imposed lockdowns to contain spread of the virus, all businesses have moved to online for their operations, thus many organizations are adopting hybrid integration platform to increase their customer base which is propelling the growth of the market.
- Moreover, to practice social distancing, people are purchasing online rather than going to the brick and mortar stores, which also impacts the hybrid integration platform market positively and is expected to boost the market growth.
Top impacting factors: market scenario analysis, trends, drivers, and impact analysis
The rising need to participate on-premises and cloud applications to drive digital business revolution is considered an important factor in driving the global hybrid integration platform market. In addition, growing demand for data, hosting apps and services on cloud platforms accelerates the demand for hybrid integration platforms.Accepting a hybrid integration platform in the corporate to overcome business challenges such as security and privacy needs, compliance that drive market growth. However, many of the risks and risks posed by open source integration and interoperability issued faced during integrationrestricts growth of the market. Contrarily, increasing demand for business user friendly hybrid integration platform is expected to provide lucrative opportunities for the market growth. Need of interconnecting IoT devices endpoints with enterprise applications to help in making real-time decisions more efficient is an opportunity for hybrid integration platform market in the forecasted years.
Cloud-driven digital modernization
The shift to adoption of cloud is accelerating as organizations explore the benefit of the agility, flexibility, scalability, and access to new modernizations such as AI platforms and advanced analytics that most cloud vendors provide. As organizations look tore-platform, re-architect, or re-host some of applications to cloud. Increase in  need for optimization and complexity reduction of integrations for better system management and performance, therefore increasing the demand for hybrid cloud integration platform market.
Rapid change across business operations, processes, and systems
The organizationsclaim is growingquickly, and industries are observing to become more efficient through the optimization of existing procedures or acceptance of faster,better, or simpler innovationtechnologies. Organizations are looking to streamline their on-premises enterprise data warehouses by transferring them to cloud-based data granaries, and essential the right kinds of cloud integration, data cataloguing, and ingestion tools and connectors to efficientlycreate the transition seamless.
Key segments covered:
Segments | Subsegments |
Integration |
|
Service |
|
Organization Size |
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Industry Verticals |
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Key benefits of the report:
- This study presents the analytical depiction of the global hybrid integration platformindustry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global hybrid integration platformmarket share.
- The current market is quantitatively analyzed from 2021 to 2027 to highlight the global hybrid integration platformmarket growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global hybrid integration platformmarket analysis depending on competitive intensity and how the competition will take shape in coming years.
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