Worldwide iPaas end-user spending is expected to be a total of $5.6 billion in 2022, up 18.5% from 2021, and Global public cloud services spending is expected to be a total of $498 billion in 2022, an increase of 21% year-over-year. With this approach, they can get various benefits such as improving operational efficiency, customer experience, support & increasing competitiveness, flexibility, scalability and reducing operational costs. Some data integration tools and platforms such as API management platforms, ESBs, B2B gateways, and managed file transfer products support interoperability between master data tools, data governance & data quality solutions. Monitoring can also be used to check the status of applications. An iPaaS enables users to develop, deploy, execute and govern applications without using extra hardware or software. Organizations need to enhance their integrated approach through an iPaaS to incorporate applications with data and services for a hybrid ecosystem of cloud and on-premises and ever-changing customer preference demands. Yefim Natis – VP analyst at Gartner, said that iPaaS has moved to early mainstream adoption globally, reaching 20% to 50% of the global target audience who will use iPaaS offerings to integrate not only application and data but also ecosystems, APIs, and business processes. Organizations have chosen iPaaS to support rapid integration and automation of SaaS applications with other SaaS and on-premise applications and data sources. Integration platform as a service (iPaaS) is attracting all types of organizations, including large, midsize, and small organizations, with its ease of access, versatility, and low initial cost. To meet customer demands, stay ahead of the competitors and increase agility, organizations are investing heavily in cloud integration solutions such as multi or hybrid cloud deployment as well as reducing levels of risk in their IT infrastructure.
It is obvious that cloud integration is one of the main challenges organizations are facing today.
A large number of organizations are witnessing a reduced level of risks and a rapid growing phase of adoption of two technologies (see Figure), along with the real-world benefits that are demonstrated and accepted worldwide. In the Hype Cycle Cloud Platform Services 2022 report, Gartner found that integrated platform-as-a-service (iPaaS) and low-code application platforms (LCAP) will climb the plateau of productivity in the next two years. Gartner predicts that the two cloud technologies are expected to play an important role in enterprise data and integration in less than two years.
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