Uptick in cloud solutions boost integration platform market growth
The increased demand for cloud-based solutions is seen to drive the global integration platform as a service market’s growth that is projected to be $3.38 billion by the end of 2022, a report by ResearchAndMarkets.com suggests.
The said industry registered $2.54 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 33.03% to reach the aforementioned projection.
With sustained growth, the integration platform as a service market is expected to further grow to $11.48 billion in 2026 at a compound annual growth rate (CAGR) of 35.79%.
In 2021, North America is was the largest contributor to the growth of the integration platform industry. Meanwhile, Asia Pacific is expected to be the fastest-growing region.
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