Global Application Infrastructure Middleware Market — Industry Analysis, Trends and Forecast | Growth Market Reports
The global application infrastructure middleware market size was around USD 38,064 million in 2020 and is expected to register a CAGR of 7.3% during the forecast period, 2021–2028. The growth of the market is attributed to technology trends, including migration from on-premise to cloud platforms and services.
Application infrastructure middleware vendors provide solutions, such as B2B middleware, enterprise service bus, message-oriented middleware, transaction processing monitors, and business process management. Middleware is usually placed between the operating system and the applications operating on different servers. They help to simplify the development of applications, which leverage certain services from other applications.
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Market Drivers, Restraints, Trends, and Opportunities
- Ongoing technological advancements in IT systems is the driving factor for the application infrastructure middleware market.
- Increasing demand for real-time data and analytics is driving the market growth.
- Rapid implementation of Internet of Things (IoT) endpoints and increasing deployment of artificial intelligence (AI) technology are expected to propel the growth of the market.
- An ongoing trend of increasing mobility among consumers as well as businesses toward increasing employee-consumer interaction and increasing operational efficiency across multiple devices are anticipated to positively influence the market growth.
- The COVID-19 pandemic had disrupted the IT ecosystem; however, it has created lucrative opportunities owing to increasing penetration of cloud-based services on account of work from trend across the globe.
Market Segment Insights
Cloud segment to hold a large market share
Based on types, the market is segregated into cloud and on-premise. The cloud segment is expected to hold a large market share during the forecast period. The modern cloud application infrastructure has evolved to provide better efficiency and scalability than existing on-premise deployment. Growing trend toward cloud services and the innovation in IoT is further expected to boost the growth of the market segment.
Cloud-based solutions, such as iPaaS, have micro-service architecture, which provides high scalability, low latency, and high performance. Therefore, the growth of this segment is expected to exhibit a high CAGR during the forecast period. Moreover, the outbreak of COVID-19 has increased the demand for cloud-based infrastructure services. On the other hand, the on-premise segment is projected to account for a moderate market share during the forecast period.
IT & telecommunication segment to account a major market share
Based on applications, the market is divided into BFSI, IT & telecommunication, healthcare, retail, government, and others. The IT & telecommunication segment is projected to account for a major market share owing to the increasing use of computers in business meetings, employee collaboration, and international clientele. Furthermore, rising number of Internet subscribers is expected to double by end of the year 2021 to 829 Million and overall IP traffic is expected to grow four-fold at a CAGR of 30% by end of 2021.
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Regional Outlook
Based on regions, the market is classified as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to hold a majority of the market share owing to the growing role of IoT and hybrid cloud in various industries. Conversely, the market in Asia Pacific is anticipated to grow at a robust CAGR owing to rapid growth in the IT industry in emerging countries such as India and China.
Compititive Landscape
Some of the leading manufacturers in the application middleware market are IBM Corporation, Oracle Corporation, Salesforce.com Inc., SAP SE and Fujitsu Ltd. The dominance of these players in the market is expected to continue, owing to their brand image and expertise in the most demanding areas of applications.
Companies are focusing on providing prominent customer service and are working on product development to acquire a large consumer base.
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