Report : South America 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) 

IT and Telecommunications Segment to Dominate South America Integration Platform as a Service (IPaaS) Market during 2019–2028

According to a new market research study on “South America 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$ 101.71 million by 2028 from US$ 58.58 million in 2021. The market is estimated to grow at a CAGR of 8.2% from 2021 to 2028. Rise in Importance of cloud real-time monitoring across businesses is the major factor driving the growth of the South America integration platform as a service (IPaaS) market. However, rising concerns regarding data security may hinder the growth of South America integration platform as a service (IPaaS) market. The report provides trends prevailing in the South America integration platform as a service (IPaaS) market along with the drivers and restraints pertaining to the market growth.

Brazil has reported the largest number of cases of COVID-19 in South America, followed by Ecuador, Chile, Peru, and Argentina, among others. The pandemic compelled several country governments to impose lockdowns and suspend economic activities to contain the spread of the virus. Due to the strict lockdown imposed by the governing bodies, the countries experienced a decline in adopting rapid technologies and automation across the region. However, post the first quarter of 2020, with remote working culture being highly adopted, the organization made huge investments in cloud technologies, thereby contributing to the growth of the market over the years.

The South America integration platform as a service (IPaaS) market segmented by service type, deployment type, enterprise size, industry, and country. Based on service type, the South America 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 South America integration platform as a service (IPaaS) market. Based on deployment type, the South America 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 South America integration platform as a service (IPaaS) market is segmented into SMEs and large enterprises. In 2020, the large enterprises segment held the largest share South America integration platform as a service (IPaaS) market. Based on industry, the South America 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 Brazil, Argentina, and rest of SAM. Brazil contributed a substantial share in 2020. 

IBM Corporation; Informatica; Microsoft Corporation; Mulesoft, LLC; Oracle Corporation; SAP SE; and Software AG are among the leading companies in the South America 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 2021, At the annual Build conference, Microsoft announced the general availability (GA) of Logic App Standard, the latest installment of their integration Platform as a Service (IPaaS) offering. Logic App Standard is a new single-tenant offering allowing customers to run workflows anywhere.

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