According to Persistence Market Research, integration and orchestration middleware market will surpass US$ 15 Bn by 2024-end, expanding at a CAGR of 7.1% through 2024. Primarily fueled by widespread adoption of cloud computing, rapidly expanding digital transformation, and soaring adoption of API management, this market will also be impacted by several other technology trends.
Top market players profiled in the report, include IBM Corporation, OpenText Corporation, Microsoft Corporation, Oracle Corporation, and Infor ION. SPS Commerce, Inc., Society for Worldwide Interbank Financial Telecommunication (SWIFT), Axway, Covisint, and Tibco Software Inc. are other leading companies on the market’s competitive landscape.
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Based on middleware type,
By deployment type,
APAC Set for Impressive Growth at a CAGR of over 7%
Regional analysis reaffirms the preeminence of North America, foreseen to capture over 38% value share in 2024, representing a value of over US$ 5.8 Bn. Europe will remain the second largest regional market for integration and orchestration middleware market with over 27% share in 2024. Asia Pacific, poised to register the highest CAGR of 7.6%, will also represent a sizeable market share of over 15%. Growth of middleware deployment markets in China, Japan, and India are primarily identified to boost the Asian market over the next few years.
Technological Innovations Collectively Driving Market
Integration and orchestration middleware solutions will continue to gain traction with growing innovation in IoT things and rising demand for digitization. A relatively quicker fundamental shift to cloud-based middleware, coupled with API evolution, will be responsible for the flourishing market. To be competitive within marketplace, enterprise managers can encounter opportunities that come along with business automation middleware. Moreover, burgeoning use of cloud for better agility will open new avenues for the entire middleware market over the next few years.
Influential trends, such as PaaS, DevOps, containerization, and MBaaS will provide a strong impetus to technological innovation and demand for integration and orchestration middleware. While emergence of microservices is expected to be one of the most popular techniques for faster creation and testing of applications especially in the midst of connected devices, introduction of consumerization will allow end-users with self-integration and automation of applications.
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Integrated Machine Learning Presenting Big Opportunities
Integrated machine learning is believed to hold a major potential to act as a replacement technology in the global integration and orchestration middleware market. With a strong backup of high level, effective integration and orchestration techniques in the arsenal, leading vendors can focus on large scale distribution and work on delivering innovative integration and orchestration solutions.
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