Dublin, Dec. 17, 2018 (GLOBE NEWSWIRE) -- The "Global Enterprise Application Integration Market - Segmented by Deployment Type (On-premise, On-demand, Hybrid), Company Size, End-user Industry, and Region - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global enterprise application integration market was valued at USD 4.86 billion in 2017, and is expected to reach USD 11.98 billion by 2023, recording a CAGR of 16.3%, over the forecast period of 2018-2023.
The major factors significantly impacting the market include growth in cloud ERP implementation, surge in E-Businesses, increase in M&A activity requiring integration of dissimilar business processes, increase in business process automation solutions, surge in demand for new human applications integration with legacy back end systems, and increase in virtual enterprise linking applications in SCM and CRM.
Both cloud and hybrid based integrations are significantly changing the dynamics and are challenging the status quo of the market, which was previously dominated by the traditional integration solutions.
Many organizations are moving towards cloud based enterprise resource planning integration solutions to reduce the costs incurred. Business process automation allows organizations to achieve digital transformation and increase service quality.
This enables streamline communication, enforces accountability, minimizes costs, reduces manual errors, and establishes a clear approval hierarchy. Hence, the rising usage of business automation owing to its benefits is driving the market for Enterprise application integration market.
Retail & Wholesale are Expected to Grow Exponentially
The global retail and wholesale market is one of the rapidly growing sectors in the world. The trajectory of retail is growing at an explosive rate, supported by the rise of the middle class segment. Internet penetration and expanding mobile users are the key drivers of this market.
Enterprise application integration can be add-ons to the retail market where they can manage the resources by planning the workflows and schedules. The growth of the retail market is globalized; this is largely fueled by technological advancements in the field of ICT and increased market penetration of broadband and mobile devices.
North America is the Major Contributor for the Market
North America held the highest share of the enterprise application integration market in 2017. Housing many market giants in various industrial verticals, North America has been dominating the market and is expected to continue its domination throughout the forecast period.
North America is experiencing a once-in-a-decade shift on the technological front. As hybrid IT has been evolving, most organizations are migrating their infrastructure to the cloud and some continue to maintain critical services onsite.
Over the past few years, the number of business-critical applications has increased significantly. This has translated into more demand for high performing solutions as end-users expect a seamless experience. The Asia-Pacific region is expected to register the highest growth rate during the forecast period.
Developments in the Market
- IBM acquired Vivant Digital Business to address the growing needs of clients seeking transformation though Digital Reinvention.
- Oracle launched an autonomous cloud database capable of patching cyber security weaknesses on its own accord.
Key Topics Covered
1.1 Scope of the Study
1.2 Study Deliverables
2. Research Approach and Methodology
2.1 Study Assumptions
2.2 Analysis Methodology
2.3 Research Phases
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Introduction to Market Dynamics
4.3 Factors Driving the Market
4.4 Factors Restraining the Market
4.5 Industry Value Chain Analysis
4.6 Industry Attractiveness - Porter's Five Forces Analysis
4.7 Technology Snapshot
5. Segmentation By Deployment Type
6. Segmentation By Organization Size
6.1 Large Enterprises
6.2 Small and Medium-sized Enterprises
7. Segmentation By End-user Industry
7.2 IT and Telecom
7.7 Other End-user Industries
8. Segmentation By Geography
8.1 North America
8.4 Latin America
8.5 Middle East & Africa
9. Competitive Intelligence - Company Profiles
9.1 IBM Corporation
9.2 Fujitsu Ltd.
9.3 Microsoft Corporation
9.5 Oracle Corporation
9.6 SAP SE
9.7 Software AG
9.8 Tibco Software Inc.
9.9 Hewlett-Packard Company
10. Investment Analysis
11. Future Outlook of the Market
For more information about this report visit https://www.researchandmarkets.com/research/xhjlxk/global_enterprise?w=12
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