What is Platform as a Service (iPaaS)
Integration Platform as a Service (iPaaS) is a cloud-based set of tools that allows you to create, manage, and monitor integration flows. These integration flows can connect a variety of on-premises and cloud-based processes, services, applications, and data within your organization or across different organizations.
With iPaaS, you can streamline your workflows and make your business more efficient by automating tasks that previously required manual intervention. You can also connect different systems and applications, improving data sharing and enabling you to make more informed decisions.
The Growth Trajectory of Integration Platform as a Service Market in the Post-pandemic Era
According to the latest market research report, the global integration platform as a service market has experienced remarkable growth and was valued at $3.4 billion in 2021. The COVID-19 pandemic has significantly boosted the growth rate of this market as more businesses across various industries, such as BFSI and manufacturing, have adopted iPaaS services to facilitate remote working and monitoring.
Factors such as the rise in the adoption of hybrid and multi-cloud infrastructure, the increasing importance of cloud real-time monitoring in various sectors, and the growth in cloud adoption among SMEs are driving market growth. However, interoperability issues pose a challenge to market growth.
The Growing Significance of Hybrid Clouds and Real-time Monitoring in Integration Platform as a Service Market
As professional services expand, businesses recognize the benefits of hybrid clouds, which offer the advantages of both public and private clouds. Hybrid clouds provide increased flexibility to work between cloud solutions and help organizations protect their sensitive data by storing it in a private cloud while using the public cloud to store public data.
Moreover, as application and feature-specific needs vary, business managers can choose multi-cloud and hybrid solutions to run their systems effectively and efficiently, which is cost-effective and reduces the risk of business losses. As a result, adopting hybrid clouds drives the growth of the Integration Platform as a Service Market.
Conclusion
Companies of all sizes can benefit from a clear understanding of real-time network monitoring and how it can help their business. As a result, the demand for integration platforms as a service is increasing to support the adoption of real-time monitoring across various business sectors.
Author's Detail:
Supriya R Ghadge, LinkedIn
I am working as a Senior Research Analyst, mainly involved in conducting market research in the Information and Communication, and Technology domain. Skilled in Secondary Research, Primary Research, Data Analytics Research approaches with extensive experience providing first-class results. Highly focused, have analytical skills, and synergetic with positive energizers. Meets job demands and deadlines through diligent work-ethic and dedication to quality. Works with clients to determine requirements and provide excellent service.
Author's Detail:
Supriya Jagtap /
LinkedIn
I am working as a Senior Research Analyst, mainly involved in conducting market research in the Information and Communication, and Technology domain. Skilled in Secondary Research, Primary Research, Data Analytics Research approaches with extensive experience providing first-class results. Highly focused, have analytical skills, and synergetic with positive energizers. Meets job demands and deadlines through diligent work-ethic and dedication to quality. Works with clients to determine requirements and provide excellent service.
