Report Scope & Overview:
The Enterprise Application Integration Market size was valued at USD 12.62 Bn in 2022 and is expected to reach USD 42.20 Bn by 2030, and grow at a CAGR of 16.28 % over the forecast period 2023-2030.
The goal of enterprise application integration (EAI) is to consolidate, modernize, and coordinate diverse computer programs inside a business. It is the mix of procedures, software, and hardware that results in the seamless integration of two or more corporate systems, allowing them to function as if they were one. Prior to enterprise application integration (EAI), there was no idea of corporate data integration since IT systems were constructed haphazardly. Organization application integration (EAI) connects all of a company's technologies and services to serve as middleware, allowing the integration of diverse systems and applications throughout any enterprise.
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Supply chain management applications, enterprise resource planning systems, human resource management, business intelligence systems, customer relationship management, and payroll systems cannot connect with one another in order to share data. In situations where identical data is held in several places, communication gaps lead to inefficiencies. As a result, enterprise application integration connects such apps within a single organization to simplify and automate numerous business operations. The key causes for the growth of the EAI market are the rising acceptance of packaged applications, diverse platforms, protocols, and technologies utilized to carry out various business operations, and the increasing use of the internet for conducting various business activities. The EAI industry is quickly expanding, with hybrid platform installations contributing much more than on-premises and hosted platform deployments.
The proliferation of cloud platforms is driving the need for EAI solutions in the IT sector. This is projected to fuel the segment's need for EAI solutions. IT behemoths have evolved to be some of the most valued companies in their respective nations. As a result, in order to preserve a competitive advantage, they are likewise transitioning to cloud deployment. The telecommunications industry is under change. This is due to quickly changing technology, increasing demand, customer variety, a need for current goods and services at lower rates, and the consolidation of different businesses, such as cable and satellite, with existing telecommunications. Thus, the adoption of EAI is projected to help CSPs to maintain and manage different systems and applications across many functions by enabling logical business process integration among dissimilar application platforms.
Cost-cutting measures are required.
Increased Application Integration Spending.
Rising Interest in Real-Time Data Access.
Expanding Data Across Enterprises.
Technological Advances and Contemporary Business Dynamics.
Organizations have little EAI knowledge and resources.
There is no governance model in place to conceptualize and sustain EAI projects.
Issues With Hosted or Cloud-Based Integrations.
Growing Interest in Business-to-Business Integration.
Growing Market for Integration Platform-as-a-Service.
IMPACT OF COVID-19:
The increased number of patients throughout the world has resulted in a worldwide lockdown, forcing the population to stay at home for an extended period of time. This has also expanded the widespread usage of web-based platforms to do numerous functions such as online banking and shopping. The rising number of online clients makes efficient business data management extremely challenging. This data is managed with the aid of enterprise application software. As a result of the closure of retail establishments and malls, there has been a considerable increase in the use of corporate application software and preplanned investments.
Furthermore, the adoption of business application software is predicted to expand in a number of sector verticals, including healthcare and pharmaceutical, as well as retail, where it was previously low. Furthermore, it is expected that following COVID-19, various healthcare companies will prefer big data and cloud technology to apply customer requirement analysis and track customer orders in the pharmaceutical sector to fight against such pandemic situations in the future and to predict possible situations before they occur. This necessitates extensive patient information and a doctor's involvement in medicine prescribing. To facilitate vaccine distribution in the worldwide market, the pharmaceutical industry employs customer relationship management software.
The large-scale enterprise sector dominated the total enterprise application business in 2020, and this trend is projected to continue throughout the forecast period. This is attributed to an increase in enterprise application adoption by businesses seeking a strategic and competitive advantage over their competitors. Furthermore, corporate application is becoming more common as more major organizations explore extracting useful insights from big data, which is advantageous for the industry. The small and medium-sized enterprise category, on the other hand, is predicted to increase the greatest, and this trend is expected to continue over the projection period. Small and medium-sized organizations are migrating to a digital platform; small and medium-sized enterprises are employing enterprise application solutions for a variety of purposes, which is assisting them in being more productive, smarter, and efficient.
Depending on the deployment strategy, the on-premise segment gained the majority of the market in 2020 and is likely to maintain this trend throughout the forecast period. This is mainly due to the multiple benefits provided by on-premise deployment, such as a high level of data protection and safety, which will drive future corporate application market growth. However, the cloud segment is likely to develop the most in the future years. Because a cloud deployment requires no investment in IT infrastructure because all data is housed on a cloud server, the demand for Enterprise application software grows in small and medium-sized businesses.
KEY MARKET SEGMENTS:
On The Basis of Component
On The Basis of Deployment Mode
On The Basis of Organization Size
On The Basis of Industry Vertical
Aerospace and Defense
Telecom & IT
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North America will have the majority of the market share. The area has a high rate of adoption from virtually all end-user groups, owing mostly to demand from the United States. Retail, BFSI, and manufacturing are the primary end-user categories driving the market. The e-commerce sector is also a major source of demand for EAI solutions. With the introduction of Industry 4.0 rules and the United States' goal of reintroducing manufacturing firms into the country, there has been significant growth in the use of EAI solutions in the manufacturing sector. Furthermore, the solid banking and financial industry in both the United States and Canada, as a result of the region's reviving oil and gas sector, is progressively shifting toward quality digital services with the support of EAI solutions.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
The major key players are IBM Corporation, SAP SE, Hewlett Packard Enterprise, QAD Inc., IFS AB, Epicor Software Corp., Infor, Salesforce Inc., Microsoft Corporation, Oracle Corporation & Other Players
Oracle Corporation -Company Financial Analysis
|Market Size in 2022||USD 12.62 Billion|
|Market Size by 2030||USD 42.20 Billion|
|CAGR||CAGR 16.28% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Component (Solution and Service)
• By Deployment Mode (On-premise, and Cloud)
• By Organization Size (Large Enterprises, and SMEs)
• By Industry Vertical (BFSI, Manufacturing, Healthcare, Retail, Government, Aerospace and Defense, Telecom & IT, Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, +D11UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||IBM Corporation,SAP SE, Hewlett Packard Enterprise, QAD Inc., IFS AB, Epicor Software Corp., Infor, Salesforce Inc., Microsoft Corporation, Oracle Corporation|
|Key Drivers||•Cost-cutting measures are required.
•Increased Application Integration Spending.
|Market Restraints||•Organizations have little EAI knowledge and resources.
•There is no governance model in place to conceptualize and sustain EAI projects..
Ans: - The Enterprise Application Integration Market size was valued at USD 12.62 Bn in 2022.
Ans: - Cost-cutting measures are required and Increased Application Integration Spending.
Ans: - North America will have the majority of the market share.
Ans: -The major key players are IBM Corporation, SAP SE, Hewlett Packard Enterprise, QAD Inc., IFS AB, Epicor Software Corp., Infor, Salesforce Inc., Microsoft Corporation, Oracle Corporation.
Ans: - Key Stakeholders Considered in the study are Raw material vendors, Regulatory authorities, including government agencies and NGOs, Commercial research, and development (R&D) institutions, Importers and exporters, etc.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
220.127.116.11 United Kingdom
18.104.22.168 South Korea
22.214.171.124 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Enterprise Application Integration Market Segmentation, by Component
9. Enterprise Application Integration Market Segmentation, by Deployment Mode
10. Enterprise Application Integration Market Segmentation, by Organization Size
10.1 Large enterprises
11. Enterprise Application Integration Market Segmentation, by Industry Vertical
11.6 Aerospace and Defense
11.7 Telecom & IT
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company Profiles
13.1 IBM Corporation
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 SAP SE
13.3 Hewlett Packard Enterprise
13.4 QAD Inc.
13.5 IFS AB
13.6 Epicor Software Corp.
13.8 Salesforce Inc.
13.9 Microsoft Corporation
13.10 Oracle Corporation
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
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