The Integration Platform as Service (IPAAS) is an emerging trend to include on-premises applications and cloud-based applications. This in turn will increase the acceptance of cloud integrating software at a higher rate. Increasing demand for cloud-based enterprise presentations and increasing demand for cloud computing services have contributed to the growth of the cloud integration software market. Moreover, increase in adoption of cloud data integration platforms among different industry verticals such as BFSI, healthcare, manufacturing, telecommunications, and retail is also expected to boost the growth of the cloud integration software market.
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However, integration of multiple data sources and data security may hinder the growth of the cloud integration software market to a certain extent. Contrarily, cloud integrations software are extensively being adopted in many organizations to help organizations utilize the benefits of cloud integration by developing IT infrastructure through cost-effective and flexible solutions.
Impact of COVID-19 on Cloud Integration Software Market:
1.During COVID-19 crisis, there is a growth in demand for cloud infrastructure services and potential increases in spending on specialized software which will have a positive impact on the cloud integration software market.
2.There will be a demand for cloud-based applications as the remote workforce increases due to government-initiated lockdown.
3.Specific solutions such as secure endpoint & network management, conferencing & collaboration, CRM, backup & recovery solutions, cloud storage, and remote sustenance & facilities will continue to witness a steady rise amidst the crisis.
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Advancements in industrial IT infrastructure across the globe has led to the growth of the cloud data integration platform adoption. Cloud integration software is used in the core banking service to integrate the various data and applications by using the IT and business model transformation such as google wallet, apple wallet, Pay pal & other. Cloud integration software develop and transform the banking system, which creates a new way to maximize profitability and returns through data integration.
Emerging trend of Integrations Platform as a Service (IPAAS) for integrating the cloud-based application with one another and with the on-premises applications is rising the demand for cloud integration software. IPaaS is often used by business-to-business (B2B) organizations that need to integrate on-premises applications and data with cloud applications and data. IPaaS helps in streamlining the business procedure and carries composed administration’s essentials into a cloud-based toolset. IPaaS is scalable and has the capability to meet the increased data volume from mobile and other environments which give the users enhanced overall experience.
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Leading Market Players:
➢ Microsoft Corporation
➢ Oracle Corporation
➢ Carbonite Inc.
➢ Informatica
➢ SnapLogic
➢ Salesforce Inc.
➢ IBM Corporation
➢ Piesync BVBA, SAP SE
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