Digital Transformation to Drive Demand for Integration & Orchestration Middleware
Digital transformation is creating and triggering high demand for integration & orchestration middleware, as it calls for the connection of new digital capabilities with already existing assets and processes. This integration provides coordination between end-to-end applications. It is essential to manage application programming interface (API) after the process of coordination, as well as manage, deliver & receive data. Integration of middleware along the digital transformation, which is based on IoT, converts the IT accessible event format for further assembly and analysis. In addition, API management serves as a connection between web services and their authorized users. This effective and efficient digital transformation is a key factor driving demand for integration & orchestration middleware.
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Key Takeaways from Fact.MR’s Report on Integration & Orchestration Middleware Market for Forecast Period 2017-2026
- In terms of revenues, North America is slated to remain the leading contributor to expansion of the market, trailed by Europe and Asia-Pacific excluding Japan (APEJ). However, the market in APEJ will ride on a comparative higher CAGR than the markets in North America and Europe.
- On the basis of middleware type, integration middleware will account for the largest market revenue share during the forecast period. Sales of integration middleware are projected to reflect the highest CAGR in the market during 2017 to 2026. Business to business middleware and event-driven middleware will also remain remunerative in the market, and their sales collaboratively estimated to exceed US$ 7,500 Mn in revenues by 2026-end.
- Integration and orchestration middleware will continue to find the largest adoption in the BFSI sector, followed by IT & telecommunication sector. Revenues from sales in these two sectors will account for over half share of the market by 2026-end.
- On-premise deployment will continue to be dominant in the integration & orchestration middleware market, in terms of revenues. However, the market is projected to witness a paradigm shift from on-premise development to cloud-based development in the upcoming years, on the back of the latter’s enhanced performance and efficiency.
Key market players are continuously focusing on coming up with innovative solutions in order to strengthen their position in the market. These players are also pitching their existing products on the back of high demand. Fact.MR’s report has profiled active players contributing to growth of the global integration & orchestration middleware market, which include SWIFT, SPS Commerce Inc., IBM Corporation, Axway, Covisint, Microsoft Corporation, Tibco Software Inc., Oracle Corporation, Infor, and OpenText Corporation.
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