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The cloud integration software market share is expected to increase by USD 8.32 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 12.3%.
This cloud integration software market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers cloud integration software market segmentations by deployment (SaaS, IaaS, and PaaS) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The cloud integration software market report also offers information on several market vendors, including Accenture Plc, Alphabet Inc., Amazon.com Inc., Capgemini Service SAS, Cisco Systems Inc., Cloudticity LLC, Cognizant Technology Solutions Corp., DXC Technology Co., HCL Technologies Ltd., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., Informatica LLC, Infosys Ltd, International Business Machines Corp., Microsoft Corp., Oracle Corp., Plantronics Inc., Salesforce.com Inc., SAP SE, and TIBCO Software Inc. among others.
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The increased use of AI-enabled SaaS is notably driving the cloud integration software market growth, although factors such as concerns about data security may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the cloud integration software industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Cloud Integration Software Market Driver
Increased use of AI-enabled SaaS is one of the major drivers impacting the cloud integration software market growth. AI is a computer science that uses algorithms, pattern matching, heuristics, rules, deep learning, and cognitive computing to approximate conclusions without direct human input. Using AI, researchers can solve complex problems which are difficult or impossible for humans. AI has been designed and programmed to think and act like a human. The use of AI is increasing due to its ability to improve productivity and provide accurate results within a short period. AI-optimized SaaS solutions enable enterprises to augment their internal processes with quick automation, efficiently address customer service operations, and improve the level of personalization and responsiveness throughout their processes. Therefore, the increasing use of AI-enabled SaaS is expected to augment the growth of the cloud integration software market during the forecast period.
Key Cloud Integration Software Market Trend
Increasing acceptance of PaaS is one of the major trends influencing the cloud integration software market growth. PaaS is a particularly attractive cloud model for many enterprises because it provides a single, comprehensive solution that allows them to focus on activities that add value to their business rather than day-to-day maintenance. PaaS offers the liberty to enterprises to design and develop applications based on their requirements. PaaS solutions enable enterprises to deploy applications on-premises or in their private cloud. Thus, PaaS provides customization and enables the management of the application lifecycle. Hence, enterprises are shifting to PaaS solutions, which will boost the growth of the global cloud integration software market during the forecast period.
Key Cloud Integration Software Market Challenge
Concerns about data security is one of the major challenges impeding the cloud integration software market growth. Data breaches have become a major cause of concern across the world. News reports of hacking and industrial espionage are common. Such breaches are a major threat to SMEs and large businesses. However, cloud integration software solutions are also associated with security issues. As enterprises and users provide their information and data to a third party, they are concerned about the parties that access their information and data. Also, Most SMEs must outsource certain tasks such as IT. However, when they outsource IT services, they do not have control over the operation of the service provider. Hence, they are exposed to several risks. Hence, concerns about data security will act as a major challenge for the growth of the global cloud integration software market during the forecast period.
This cloud integration software market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global cloud integration software market as a part of the global systems software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the cloud integration software market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the cloud integration software market encompasses successful business strategies deployed by the key vendors. The cloud integration software market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The cloud integration software market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the cloud integration software market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Deployment
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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