Rise in Demand for Real-Time Data Access Expected to Drive Global Enterprise Application Integration Market: Ken Research

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Enterprise application integration or EAI is a combination of various processes, hardware and software resulting in the seamless integration of two or more enterprise systems that allows them to operate as one. Its main aim is to consolidate, modernize and coordinate different computer applications in an enterprise. It integrates all the technologies & services in a business to act as the middleware that enables integration of several systems and applications across any endeavor. Business software such as enterprise resource planning (ERP) systems, supply chain management applications, human resource management, customer relationship management (CRM), business intelligence systems, and payroll systems cannot communicate with each other to share the data. This communication gap results in inefficiencies, in those areas where indistinguishable data is stored in multiple locations. Therefore, enterprise application integration links such applications within the single organization together to simplify as well as automate various business processes. Growth in adoption of packaged applications, many protocols, multiple platforms, and technologies used to carry out a variety of businesses and rise in usage of internet to perform various business activities are the main reasons responsible for the growth of EAI market.

As per analysis, Global Enterprise Application Integration Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Usethe key companies operating in the global enterprise application integration market include Red Hat, Hewlett-Packard, Microsoft, IBM, Sap, Fujitsu, Mulesoft, Software Ag, Oracle, Tibco Software and among others.

On the basis of type, enterprise application integration market is bifurcated as on-premise type, hosted type and hybrid type. On-premise type segment dominates the global market owing to rise in demand for integration platform as a service (IPaaS) owing to its cost-efficient nature coupled with availability of customized solutions. In addition, on the basis of application, market is bifurcated as small business enterprises, medium business enterprises and large business enterprises.

The enterprise application integration market is driven by rise in demand for real-time data access, followed by increase in  data across enterprises, growth in technological advancements & modern-age business dynamics, increase in need for cost reduction and rise in  spending on application integration. However, absence of governance model to conceptualize & sustain EAI projects and limited EAI knowledge or resources within organizations may impact the market. Moreover, growth in integration Platform-As-A-Service (IPASS) market and rise in demand for Business-to-Business (B2B) integration are key opportunities for market. Furthermore, mishandling of data by employees in the enterprise is a major challenge for market.

Based on regional analysis, the North-America holds major share in global enterprise application integration market owing to increase in investments made by organizations in modernization, digital transformation projects and functional expansion and substituting traditional business & office applications with cloud-based Software-as-a-Service (SaaS) across the region. The Asia-Pacific and European regions are estimated to witness higher growth rate due to growth in cloud ERP implementation and increase in business process automation solutions over the forecast period. It is anticipated that future of the global enterprise application integration market will be bright as a result of surge in E-Businesses and rise in demand for new human applications integration with legacy back end systems during the forecast period.

For More Information, refer to below link:-

Global Enterprise Application Integration Market

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Ken Research
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