Published: 07 August 2024
Summary
The iPaaS market demonstrated a strong growth rate of 30.7% in 2023, reaching $7.77 billion in revenue. iPaaS was the second fastest growing application and infrastructure middleware market, just behind process mining. However, iPaaS remained the No. 1 contributor to the overall AIM market performance.
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Overview
Key Market Findings
The integration platform as a service (iPaaS) market grew by 30.7% to $7.7 billion in 2023 from $5.9 billion in 2022. The growth was the second highest in the overall application infrastructure and middleware (AIM) market, and iPaaS is the largest stand-alone integration segment. In terms of net dollar inflow, iPaaS remains the highest contributor.
The top five vendors, Salesforce (MuleSoft), Oracle, Informatica, SAP and Boomi, accounted for 57.7% share in 2023, up by 2.5 percentage points from 2022, contributing approximately66% to the net dollar inflow of in the overall iPaaS segment.
The next 11 vendors after the top
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