Integration & Orchestration Middleware helps in integration of enterprise applications across various business processes through centralized management of application programming interfaces (APIs). It enables efficient data exchange between different applications, systems, and services. Middleware products offer advantages such as simplified application deployment, reduced IT costs, enhanced collaboration, optimized business processes, and faster integration. With surge in number of cloud-based applications, IoT devices, and mobile applications, there is increasing need for API management among organizations to maintain various applications and improve customer experience.
The global Integration & Orchestration Middleware Market is estimated to be valued at US$ 12 Bn in 2023 and is expected to exhibit a CAGR of 8.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing need for API management is one of the key trends driving growth of the integration & orchestration middleware market. APIs act as an interface for various internal and external applications to effectively communicate and exchange data with each other. With growing number of applications and devices, managing APIs has become critical. Middleware solutions help organizations to centrally manage all APIs, monitor API performance, develop and publish APIs, and apply security protocols. This has significantly increased adoption of middleware products for API management among enterprises. Centralized management of APIs enhances visibility across the entire API life cycle and drives efficient utilization of applications.
Segment Analysis
The global integration & orchestration middleware market is dominated by the cloud segment. This is owing to several benefits offered such as scalability, flexibility, low upfront costs, and automatic software updates. The cloud segment also allows easy integration of middleware applications with other cloud applications and services. Additionally, integration & orchestration middleware solutions offered in the cloud allows organizations to focus more on their core business competencies rather than worrying about costs and efforts for maintaining an in-house IT infrastructure.
Key Takeaways
The Global Integration & Orchestration Middleware Market Size is expected to witness high growth over the forecast period of 2023 to 2030.
Regional analysis shows North America is currently the dominant region accounting for over 35% share of the global market in 2023. This is mainly owing to strong presence of key players and early adoption of integration & orchestration middleware solutions by enterprises across sectors for driving digital transformation initiatives in the region.
The Asia Pacific region is expected grow at the fastest pace during the forecast period. This is due to rising adoption of integration and orchestration middleware solutions across rapidly growing enterprises in the retail, IT, manufacturing and banking sectors. Countries such as China and India are emerging as key markets in the region. Establishment of local offices of global middleware vendors is further expected to drive the adoption.
Key players operating in the integration & orchestration middleware market are IBM Corporation, Microsoft Corporation, Oracle Corporation, Software AG, Tibco Software Inc. IBM is currently the leading player with over 15% market share in 2023 driven by its diversified integration & orchestration middleware portfolio and strong global presence. Microsoft and Oracle are other major players focusing on both organic and inorganic growth strategies to consolidate their position in the market.
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According to a recently published report by Fact.MR, global integration & orchestration middleware market is slated to reflect a splendid rise over the forecast period, 2017 to 2026.
In a bid to remain competitive within the marketplace, enterprise managers are focusing on leveraging opportunities that emerged with the business automation middleware.
The advent of micro-services is anticipated to be among the most effective techniques used for faster creation & testing of applications, particularly amid the connected devices.
Integrated machine learning holds immense potential as a highly effective alternative technology for integration & orchestration middleware, thereby posing a threat to the market expansion.Request for the Sample of the Report: https://www.factmr.com/connectus/sample?flag=S_id=384In 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).
Exhibiting an impressive expansion through 2026, Japan is also expected to remain financially worthwhile for the market expansion.
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.
