The global Cloud Integration Market is estimated to surpass $6.7 billion mark by 2026 growing at an estimated CAGR of more than 14.9% during the forecast period 2021 to 2026. Cloud integration is a process of integrating a system of tools and technologies that connect the various Systems, Applications, Data process, Repositories, and IT environments. The main aim of cloud integration is to connect different elements of various cloud and local resources into a single environment that allows administrators to smoothly access and control various applications, data, services, and systems. The demand of cloud based integration is increasing owing to their faster connectivity to run multiple application. Adoption of cloud integration is rising in various organization owing to cost-effective and flexible solutions which are driving the growth of this market. E-commerce data integration provides a significant improvement in functionality and provide security. It also helps to save time and increase productivity which are driving the growth of the market.
Cloud Integration Market Segment Analysis – By Type
E-Commerce Data Integration is the largest segment among types. E-Commerce Data Integration is a data transfer between the e-commerce platform and five critical components of accounting, inventory, sales, CRM and marketing. Moreover, e-commerce helps in finding details like customer data, web orders, payment methods and shipments. In addition, it helps to upload the details of the inventory and item in particular from the ERP to the e-commerce platform, thus eliminating the need of adding the same data again. Thus, the increasing benefits of using e-commerce integration is a vital factor driving the Cloud Integration Market in the upcoming years. The growing adoption of cloud migration in various end-use industry including banking, financial services and insurance, education, public sector and utilities, Media and Entertainment owing to its less infrastructure complexity is a vital factor contributing to its segmental growth. As cloud system tends to peel away the complexity of the infrastructure that underlines the architecture being used to provision new machines and make them all work together to provide the needed services.
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Cloud Integration Market Segment Analysis – By End Use Industry
Telecommunication plays a important role in the emerging cloud markets and ecosystem. Telecommunication network is a central part of multitenant cloud architecture delivering multi-services for multi-users with high Qos and optimal resource allocation. This role is considered as a unique position to deliver high-grade clouds services integrating services, platform, data center and IP network infrastructure with guaranteed end-to-end SLA. The main telecommunication operational role includes network control which is considered the main driver for cloud services delivery, telecommunication have higher levels of expertise in the deployment and end to end SLA management of all public and private network services and data centers. The rising usage of cloud integration in banking, financial services & insurance for services such as payment gateways, online fund transfer, digital wallets and unified customers experience is a vital factor driving the Cloud Integration Market in the upcoming years.
Cloud Integration Market Segment Analysis – By Geography
North American region dominated the global Cloud Integration market with a share of over 37% in 2020. The US government’s Federal Cloud Computing Strategy entails a compulsory transition from older government IT systems to cloud computing technology in an extensive attempt to minimise costs and improve performance. The use of cloud systems in the US promises long-term innovation, as it links the government with leading advances in technology. In addition, cloud computing offers the opportunity to scale up and down services with agility, which allows the government flexibility to make procurement decisions. The evolution of IoT has also accelerated the country’s growth momentum with its numerous applications in the development of a stable and secure interactive software network, cloud computing platform and on-site hardware equipment. By shifting towards cloud-based technology, the Government of Canada keeps pace with emerging cyber trends. The Cloud Adoption strategy of the Government of Canada fills the gap between the supply and demand of cloud services and offers a consistent approach to managing the risks of cloud adoption. The goal is to prepare the IT workforce for cloud adoption by making services more available and effective for government departments and Canadians.
Cloud Integration Market Drivers
Growing demand among the enterprises to streamline business processes
Enterprises are streamlining their business processes owing that company processes are rarely as efficient as they could be, most are simply contempt with how they operate. They start off doing something one way and never actually consider that there might be other options. Streamlining business processes ensures that they are doing the very best they can be and it improves it efficiency by either removing any unnecessary steps, adopting other methodologies, or using new technologies. Thus, creating opportunities for Cloud Integration Market. Businesses need to spend the time they have frugally. By streamlining repetitive tasks, workers don’t have to wait for each other to perform interdependent processes. Instead of sending queries to various departments, employees get automated notifications when they need to execute a task. They also have to complete many repetitive tasks every day, like filling and submitting forms. The job can be tedious and time-consuming. Streamlining can resolve to the automation of such duties. Thus, creating opportunities for Cloud Integration Market during the forecast period 2021-2026. Digitization and increasing globalization lead to more mergers, acquisitions, and divestments. For this reason, it is crucial to have a single platform on which all data can be universally managed and easily consolidated and hence there is a growing demand among enterprises to streamline business processes.
Increasing demand for cloud based enterprise applications
The demand for cloud integration is increasing owing to the low cost infrastructure for enterprise solutions combined with the high value services that resulted in cloud services being consistently in demand. The added cloud integration benefits like mobility and improvement to business insights is increasing the growth of the Cloud Integration Market. The main benefit of cloud based enterprise application is that it has an ability to be scaled up or down, so users can acquire all those resources that they are looking for and need to pay only for what they are using. Moreover, some of the high-end enterprise application delivery needs some modern solutions that are mainly built for the modern methods of app delivery. Thus, increasing the growth of the Cloud Integration Market during the forecast period 2021-2026. The low-cost infrastructure for enterprise solutions combined with the high-value services has resulted in cloud services being consistently in-demand. The added cloud computing benefits like mobility and improvement to business insights all contribute to pushing cloud tech-forward. Thus, increasing the growth of the Cloud Integration Market.
Cloud Integration Market Challenges
For interoperability, there are many constraints associated with cloud computing. In general, the interfaces and APIs of cloud services are not standardized and different providers use different APIs for what are otherwise comparable cloud services. Thus, creating constraints for Cloud Integration Market. Cloud interoperability issues involve rebuilding the application & application stack in the target cloud and setting up the network in the target cloud to give the application the support that it had in its original cloud. Thus, creating constraints for Cloud Integration Market during the forecast period 2021-2026. Setting up security to match the capabilities provided by the source cloud, managing the application running in the target cloud, and handling data movement and the encryption of data while it is in transit and when it gets to the target cloud is also hampering the growth of the Cloud Integration Market. Enterprise’s adoption of cloud-based solutions is often hindered by problems associated with the integration of the cloud environment with on-premise systems. Each cloud provider creates its proprietary application programming interfaces that complicate integration efforts for companies as they struggle to understand and manage these unique application interfaces in an interoperable way. Thus, hindering the growth of the Cloud Integration Market.
Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Cloud Integration Market. IBM, SAP, Oracle, Microsoft, Information Builders, Tailend, Boomi, MuleSoft, Informatica and others are considered to be the key players of the Cloud Integration Market.
Microsoft has launched Azure Space initiative as a further push of cloud computing towards space.
HubSpot Inc., a leading growth platform has acquired PieSync, the fastest-growing real-time intelligent customer data synchronization platform. This acquisition will help to expand their customer base.
While most consumers buy integration solutions from boutique vendors and specialised service providers, there will likely be a trend to avoid storing all data on a single server in the future, as this may pose security risks.
It is expected that cloud data integration will be much more advanced than it is today. Companies will initially seek to incorporate cloud data to ensure rudimentary compatibility between various cloud providers, business tools, cloud and internal data sources, but they will soon begin to look for more value.
Through linking data at the semantic level and using techniques such as entity resolution, cloud data integration would have to begin providing greater business value to understand exactly how data is related. Future cloud data integration would also be able to recommend and automatically relate new sources of relevant information
Related Reports :
A. Cloud Workflow Market
B. Integration Platform As A Service Market
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