Published: 29 August 2023
The iPaaS market demonstrated a strong growth rate of 37.6% in 2022, reaching $6.5 billion in revenue. Remaining the fastest-growing enterprise software segment in 2022, iPaaS continues to be a rapidly evolving, high-performing market that is set for increased competition and consolidation.
The integration platform as a service (iPaaS) market grew by 37.6% to $6.5 billion in 2022 from $4.7 billion in 2021. The growth was the highest in the overall application infrastructure and middleware (AIM) market, and iPaaS is the largest stand-alone integration segment.
Proliferating integration requirements, including strategic application modernization, API implementation and application composition, are compounding the demand for iPaaS technologies and driving their rapid growth. The market is also evolving with acquisitions and new entrants.
Outside of the top five vendors — accounting for 56.3% share in 2022 — the iPaaS market remains highly fragmented. New
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