Ovum predicts worldwide spending on cloud integration platforms will grow at a compound annual growth rate of 31 percent between 2012 and 2018. It is expected to hit $3.7 billion by the end of 2018.
Spending in America will grow at 27 percent, while EMEA should see a rate of 34 percent. Spending on cloud-based integration platforms in the UK and Ireland should grow even faster, at a CAGR of 36 percent, eventually reaching $170 in 2018. Other parts of Western Europe, such as Benelux and DACH regions will grow at 32 and 36 percent.
Ovum senior analyst Saurabh Sharma said the emergence of integration-as-a-service ushers in a new era – “middleware-as-a-service”. He pointed out that such services are focused on enabling faster SaaS integration at a lower cost of ownership, reports Cloud Pro.
“Integration-platform-as-a-service (iPaaS) is an extension of the functionality provided by [integration-as-a-service]. iPaaS solutions enable users to create, manage, and govern integration flows connecting a wide range of applications or data sources,” he said.
Sharma said most organisations originally adopted iPaaS as a tool to achieve SaaS integration, but eventually extended it to on-premise and B2B integration.