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The application development and integration market share is expected to increase by USD 78.59 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.93%.
This application development and integration 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 application development and integration market segmentations by product (application development and application integration), deployment (on-premise and cloud), and geography (North America, Europe, APAC, South America, and Middle East and Africa). The application development and integration market report also offers information on several market vendors, including Accenture Plc, Atos SE, Capgemini Service SAS, Cognizant Technology Solutions Corp., Fujitsu Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise Co., Infosys Ltd., International Business Machines Corp., Larsen and Toubro Ltd., Mahindra and Mahindra Ltd., Microsoft Corp., Mindteck India Ltd., NTT DATA Corp., Oracle Corp., RSM International Association., SAP SE, Tata Consultancy Services Ltd., Unisys Corp., and Wipro Ltd. among others.
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The advantage of cost reduction due to operational streamlining is notably driving the application development and integration market growth, although factors such as time and budget constraints 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 application development and integration industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Application Development and Integration Market Driver
The advantage of cost reduction due to operational streamlining is one of the key drivers supporting the application development and integration market growth. An enterprise is a heterogeneous setup of applications and systems in which the application development and integration tools help to achieve operational coherence and enable applications to work together for accomplishing end-business goals efficiently. Moreover, business activities are simplified in the process with better response time for any changes or amendments to business processes. Moreover, with the implementation of application development and integration systems, legacy IT systems in an industry can co-exist with the newer and more modern infrastructure. This leads to additional cost advantage as entire legacy setups are efficiently functional, though with minute modifications. Thus, the cost reduction advantage due to operational streamlining will drive the application development and integration market growth during the forecast period.
Key Application Development and Integration Market Trend
Worldwide penetration of iPaaS is one of the key application development and integration market trends that is contributing to the market growth. The traditional cloud solutions are inefficient in complex integration scenarios, primarily with legacy systems. Moreover, with various cloud services being offered in the market, these growing concerns about integration issues are expected to slow down the adoption and proliferation of SaaS technologies gradually. These nagging doubts about integration issues have primarily paved the way for the introduction of iPaaS, a comprehensive and scalable cloud integration solution to build custom integrations over the cloud and efficiently handle the complex integration scenarios across an enterprise. iPaaS has turned out to be a flexible, reliable, and highly scalable integration tool to seamlessly scale according to the changing integration requirements of an enterprise. Such factors of iPaaS are driving the application development and integration market growth.
Key Application Development and Integration Market Challenge
Time and budget constraints is one of the factors hindering the application development and integration market growth. The emergence of bring your own device (BYOD) and the mobility phenomenon has increased the complexity of applications that collaborate and interact with business processes. Time and cost constraints are witnessed more in the maintenance phase of these systems in the long term rather than in the initial deployment phase. Custom modifications to curate these systems exclusively for an enterprise are additional costs. Moreover, if applications undergo a version update or an upgrade, the standard interface must be reconfigured, and it is an additional cost burden on the enterprise. Consequently, the time and cost constraints for the deployment and maintenance of application development and integration systems are a significant challenge. Such challenges will limit the application development and integration market growth during the forecast period.
This application development and integration 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 application development and integration market as a part of the global application 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 application development and integration 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 application development and integration market encompasses successful business strategies deployed by the key vendors. The application development and integration 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 application development and integration 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 application development and integration 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 Product
6 Market Segmentation by Deployment
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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