Report : Middle East and Africa Integration Platform as a Service (IPaaS) Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Service Type (Cloud Service Orchestration, Data Transformation, API Management, Data Integration, Realtime Monitoring and Integration, Business-to-Business and Cloud Integration, Application Integration, and Others), Deployment Type (Public Cloud, Private Cloud, and Hybrid Cloud), Enterprise Size (SMEs and Large Enterprises), and Industry (IT and Telecommunications, Government and Public Sector, Consumer Goods and Retail, Energy, Healthcare, Manufacturing, BFSI, and Others)Â
Public Cloud Segment to Dominate Middle East & Africa Integration Platform as a Service (IPaaS) Market during 2019–2028
According to a new market research study on “Middle East & Africa Integration Platform as a Service (IPaaS) Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Service Type, Sheath Type, Deployment Range, Enterprise Size, and Industry,” is expected to reach US$ 206.95 million by 2028 from US$ 87.41 million in 2021. The market is estimated to grow at a CAGR of 13.1% from 2021 to 2028. Increase in importance of cloud real-time monitoring across businesses is the major factor driving the growth of the Middle East & Africa integration platform as a service (IPaaS) market. However, rising concerns regarding data security may hinder the growth of Middle East & Africa integration platform as a service (IPaaS) market. The report provides trends prevailing in the Middle East & Africa integration platform as a service (IPaaS) market along with the drivers and restraints pertaining to the market growth.
Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait are the crucial countries facing the impact of the COVID-19 pandemic in the Middle East & Africa. The sudden spread of the pandemic resulted in a standstill in the economy and declined the technological investments of the companies across the region, thereby negatively impacting the market. However, the stability in the economy by the second quarter of 2020 and rising demand for cloud solutions across organizations to implement efficient remote working culture is creating demand for integration platform solutions, thereby contributing to the growth of the market over the long run across the region.
The Middle East & Africa integration platform as a service (IPaaS) market segmented by service type, deployment type, enterprise size, industry, and country. Based on service type, the Middle East & Africa integration platform as a service (IPaaS) market is segmented into cloud service orchestration, application integration, API management, data integration, real- time monitoring and integration, business-to-business and cloud integration, data transformation and others. In 2020, the cloud service orchestration segment held the largest share Middle East & Africa integration platform as a service (IPaaS) market. Based on deployment type, the Middle East & Africa integration platform as a service (IPaaS) market is segmented into public cloud, private cloud, and hybrid cloud. The public cloud segment accounts for largest market share in the 2020. Based on enterprise size, the Middle East & Africa integration platform as a service (IPaaS) market is segmented into SMEs and large enterprises. In 2020, the large enterprises segment held the largest share Middle East & Africa integration platform as a service (IPaaS) market. Based on industry, the Middle East & Africa integration platform as a service (IPaaS) market is segmented into IT and Telecommunications, government and public sector, consumer goods and retail, energy, healthcare, manufacturing, BFSI, and others. The IT and Telecommunications segment accounts for largest market share in the 2020. Similarly, based on country, the market is segmented into UAE, Saudi Arabia, South Africa, and rest of Middle East & Africa. The UAE contributed a substantial share in 2020.
IBM Corporation; Informatica; Microsoft Corporation; Oracle Corporation; SAP SE; Seeburger AG; and Software AG are among the leading companies in the Middle East & Africa integration platform as a service (IPaaS) market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, AP SE had announced that independent analyst firm Gartner Inc. has named SAP as a leader in Gartner’s Magic Quadrant for Enterprise Integration Platform-as-a-Service.
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