Cloud Integration Software Market Scope
Cloud computing is a necessity for today’s successful and growing businesses. Cloud data integration software allows businesses to manage, cleanse, and integrate data from a web-based application. Integration in the cloud can involve creating cloud-to-cloud integration, cloud-to-on-premises integration, or a combination of both. Integrations can address different business components, including data and applications. Cloud data integration solutions do not require any additional hardware or software to access. Successful cloud integration enables companies to avoid creating new silos of information in cloud applications and to maintain the highest levels of security and reliability when connecting with cloud solutions.
The global cloud integration software market is highly fragmented with the presence of various players across the world. The vendors in this market are focusing on developing new and innovative solutions to cater to the market's burgeoning demand for integrated solutions for operations automation and industrial automation. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Cloud Integration Software market throughout the predicted period.
Oracle (United States), Microsoft (United States), TIBCO Software Inc (United States), Informatica (United States), SAP (United States), Dell Boomi (United States), Software AG (Germany), IBM (United States) and Accenture (Ireland) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are MuleSoft (United States) and SnapLogic (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Cloud Integration Software market by Type (Infrastructure-as-a-service, Platform-as-a-service and Software-as-a-service), by Application (Small & Medium Enterprises and Large Enterprises) and Region with country level break-up.
On the basis of geography, the market of Cloud Integration Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In Jun 2018, TIBCO Software Inc announced the acquisition of Scribe Software, which helps more than 10,000 businesses efficiently connect Software-as-a-Service (SaaS) applications and automate data flows using an intuitive browser-based approach. The combination of Scribe's capabilities along with the existing SaaS and hybrid integration features of TIBCO Cloud™ Integration enables customers to employ a single solution to address a wide range of integration scenarios, including application, data, and API projects, to interconnect everything, whether in the cloud, on-premises or on billions of edge devices.
In April 2020, OpenText™ announced the launch of the new OpenText™ Trading Grid™. The launch combines multi-enterprise integration capabilities with modern, microservices architecture as well as industry-leading data visualization from OpenText ALLOY™., and In Feb 2019, Microsoft announced the general availability of Azure Data Lake Storage (ADLS) Gen2. Azure is now the only cloud provider to offer a no-compromise cloud storage solution that is fast, secure, massively scalable, cost-effective, and fully capable of running the most demanding production workloads.
California Consumer Privacy Act (CCPA) is passing a law for the protection of data in the United States which will be effective by January 2020. It is expected to be the country’s highest commendable security and privacy law. Also, SEC is taking risk prohibiting steps to overcome breaches in financial sectors specific to public listed companies to increase risk assurance. European Union laws (GDPR) is taking important measures to protect data privacy and is expected to impact ~4% of global annual sales
Market Trend
- Implementation of Artificial Intelligence in Integration Platforms to Reduce the Time & Cost of Integration Process
Market Drivers
- Increasing Demand For Cloud Computing Services
- Advancements In Industrial IT Infrastructure
Opportunities
- Increasing Penetration of Wireless Communication & Mobile Technology and Evolving Need of Big Data Storage
Restraints
- Lack of Several Data Security and Issues with Low Market Awareness among the Users
Challenges
- The Stiff Competition among the Market Vendor
Key Target Audience
Cloud Integration Software Providers, New Entrants/Investors, Analysts and Strategic Business Planners and Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users, Potential Investors and Others