Enterprise application integration: Key market research findings
- The Americas dominate the market geographically
- On-premise segment accounts for a majority of the market’s revenue
- Key vendors – IBM, Microsoft, Oracle, Software AG, and TIBCO Software
Technavio’s market research analysts predict the global enterprise application integration market to grow at a CAGR of around 11% between 2016 and 2020. The growth of this market is fueled by the growing need to improve customer relationships. To overcome redundancies, enterprises seek EAI technologies that ensure a healthy customer experience and relationship with enterprises. During 2015, the global enterprise application integration market was dominated by the Americas with a market share of around 55%. Factors such as increasing investments made by organizations in modernization, functional expansion, and digital transformation projects in the region are expected to propel growth in the enterprise application market in the Americas during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the enterprise application segments based on the deployment type.
“At present, the market is witnessing a rise in the demand for specialist system integrators. Enterprises are implementing cutting-edge technologies to meet evolving market demands. System integration services include a gamut of services that are focused on precise areas of technology. The mobile application is one such application with traditional system integrators,” says Amit Sharma, Lead Analyst, ICT, Technavio Research.
The on-premise segment accounted for over 89% of the overall revenue to become the key revenue generating vertical in the global market for enterprise application integration. On-premise platform is the traditional method of using enterprise applications. On-premise software requires licensing of each server and end-user. The customer is responsible for the availability, security, and overall management of on-premise software. However, vendors in the market also provide after-sales support services for their products.
The key vendors in the market include IBM, Microsoft, Oracle, Software AG, and TIBCO Software. Intense competition and rapid changes in the integration technology, such as automation, high cost, and complexity involved in the integration process, constitute significant risks for vendors. To grow, vendors need to expand their product portfolios and offer customized solutions matching the dynamic environment. Vendors can increase their profitability by implementing innovative and cost-effective solutions such as iPaaS.
A more detailed analysis is available in the Technavio report, Global Enterprise Application Integration Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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