The global hybrid integration platform market is due to grow at a healthier than average CAGR of 14% during the assessment period from 2017 to 2023. Market Research Future has determined that the growth trajectory of the market as predicted in the report is expected to result in a market value of USD 40 Bn by the end of 2023. Hybrid integration platforms are a highly useful solution to integrate on-premise IT infrastructure with cloud-based applications. This helps companies leverage the benefits of both cloud-based solutions and on-premise solution.
Having a primarily on-cloud IT infrastructure is not necessarily prudent for all companies, and with security risks being a challenging factor, many companies have some level of on-premise infrastructure. However, with technology moving as rapidly as it is, on-premise IT infrastructure is quickly becoming antiquated. The solution to this unique problem is the hybrid integration platform as it allows businesses to use both on-premise and on-cloud based deployments to suit needs.
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The segmentation of the hybrid integration platform market is carried out on the basis of integration type, service type, organization size, vertical and region. On the basis of integration type, the hybrid integration platform market is segmented into cloud integration, data integration, B2B integration and application integration. Based on the service type, the market is divided into digital business services and professional services. The digital business services type segment is further divided into managed file transfer, enterprise service bus, software as a service, endpoint integration, data integration tools, application programming interface management, and communication gateway services. The professional services segment is additionally segmented into training & consulting and support & maintenance. On the basis of organization size, the hybrid integration platform market is segmented into SMEs and large enterprises.
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