Global Enterprise Application Integration Market (2018 – 2023) research report is expected to register a CAGR of 9.07% over a five years forecast period. Additionally, Enterprise Application Integration market report also examines the market by discussing market dynamics such as opportunities, threats, challenges, drivers, restrictions, and other trends of market. The growing adoption of multi-factor techniques is expected to aid the growth to Enterprise Application Integration market, during the forecast period.
List of Key players operating in the Global Enterprise Application Integration Market are –
- IBM Corporation
- Fujitsu Ltd.
- Microsoft Corporation
- Oracle Corporation
- SAP SE
- Software AG
- Tibco Software Inc.
- Hewlett-Packard Company
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The global enterprise application integration market was valued at USD 10.32 billion in 2017, and is expected to reach a value of USD 17.37 billion by 2023 at a CAGR of 9.07%, during the forecast period (2018 - 2023). Enterprise Application Integration (EAI) is emerging as mission critical solution that involves the use of tools and methods aimed at optimization and modernization of computer applications in an organization. A recent study estimated that EAI accounts for around 35% of the total cost of application design, development and maintenance in a typical enterprise - large, medium or small. Traditional hub and spoke broker-based EAI systems are now being replaced by agile, distributed, standards-based Enterprise Service Bus architectures and an increase is expected in applications composed from Service Components forming basis for both SOA (Service Oriented Architecture) and EDA (Event Driven Architecture).
The major factors significantly impacting the market include growth in cloud ERP implementation, surge in E-Businesses, increase in M&A activity requiring integration of dissimilar business processes, increase in business process automation solutions, Surge in demand for new human applications integration with legacy back end systems, and increase in virtual enterprise linking applications in SCM and CRM
Both cloud and hybrid based integrations are significantly changing the dynamics and are challenging the status quo of the market, which was previously dominated by the traditional integration solutions.
Increase in Business Process Automation solutions is Driving Market Growth
Many organizations are moving towards cloud based enterprise resource planning integration solutions to reduce the costs incurred. Business process automation allows organizations to achieve digital transformation and increase service quality. This enables streamline communication, enforces accountability, minimizes costs, reduces manual errors, and establishes a clear approval hierarchy. Hence, the rising usage of business automation owing to its benefits is driving the market for Enterprise application integration market.
Retail and Wholesale are Expected Grow Exponentially
The global retail and wholesale market is one of the rapidly growing sectors in the world. The trajectory of retail is growing at an explosive rate, supported by the rise of the middle class segment. Internet penetration and expanding mobile users are the key drivers of this market. Enterprise application integration can be add-ons to the retail market where they can manage the resources by planning the workflows and schedules. The growth of the retail market is globalized; this is largely fueled by technological advancements in the field of ICT and increased market penetration of broadband and mobile devices.
North America is the Major Contributor for the Market
North America held the highest share of the enterprise application integration market in 2017. Housing many market giants in various industrial verticals, North America has been dominating the market and is expected to continue its domination throughout the forecast period. North America is experiencing a once-in-a-decade shift on the technological front. As hybrid IT has been evolving, most organizations are migrating their infrastructure to the cloud and some continue to maintain critical services onsite. Over the past few years, the number of business-critical applications has increased significantly. This has translated into more demand for high performing solutions as end-users expect seamless experience. The Asia-Pacific region is expected to register highest growth rate during the forecast period.
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Key Answers Catch in Analysis are:
– Which geographical region would have more demand for Enterprise Application Integration product/services?
– What are the business strategies accepted by leading players in the Enterprise Application Integration region-wise market?
– Which country would see the precipitous rise in CAGR & annual Enterprise Application Integration growth?
– What is the ongoing & estimated Enterprise Application Integration market size in the upcoming years?
– What is the Enterprise Application Integration market possibility for long-term investment?
– What type of opportunity would the country provide for current and Enterprise Application Integration market new players?
– What are the risk and challenges involved in Enterprise Application Integration suppliers?
– What are the factors which would propel the demand for the Enterprise Application Integration product in coming years?
– What is the impact study of numerous factors in the growth of the Global Enterprise Application Integration market?
– What are the latest trends in the regional Enterprise Application Integration market and how prosperous they are?
Reasons to Purchase Enterprise Application Integration Market Report:
- The report analyses how stringent emission control norms will drive the global Enterprise Application Integration market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Enterprise Application Integration market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
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Enterprise Application Integration Market Report TOC Includes:
- Overview of Enterprise Application Integration market, scope of report and include research phases
- Enterprise Application Integration market insight based on industry analysis and forecast analysis
- Covers market drivers, restraints and opportunity faced by market
- Market segmentation and analysis by product types and applications
- Regional market analysis based on market size, growth rate and forecast year
- Competitive analysis based on mergers and joint ventures
- Share recent development and strategies of current Enterprise Application Integration market
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