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News » Uptick in cloud solutions boost integration platform market growth

Uptick in cloud solutions boost integration platform market growth

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.

Read more here. 

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