The global iPaaS market will grow at a 59.7 per cent compound annual growth rate (CAGR) between 2018 and 2023, to US$10.2 billion according to research firm Ovum.
In a recent Ovum report, Ovum Decision Matrix: Selecting a Cloud Platform for Hybrid Integration Vendor, 2019–20, it also noted the API platform market will grow at a 61.7 per cent CAGR over the same timeframe, to US$13.7 billion.
Cloud-based hybrid integration will account for at least 50 per cent of new spend on middleware by the end of 2019 (not counting upgrades or license renewals on existing on-premise middleware).
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Market-leading capabilities in a hybrid integration platform are essential for IT leaders to meet integration challenges in our digital business age more quickly, easily and confidently.
The authors of the report explained, “IT continues to struggle to meet new application and data integration requirements driven by digitalisation and changing customer expectations.
“Line-of-business (LOB) leaders are no longer willing to wait for months for the delivery of integration capabilities that are mission critical for specific business initiatives.”
Those struggles and business pressures are fueling a rapid rise in cloud platforms for hybrid integration.
Boomi leading the way
In the same report, Ovum has named Boomi, a Dell Technologies business as a market leader as a hybrid integration vendor.
The report provided an in-depth evaluation of 11 integration vendors.
Boomi scored the highest marks in categories of 1) cloud integration/iPaaS and 2) scalability and enterprise fit, and ranked highly in other categories.
The authors of the report said Boomi expanded the capabilities of its iPaaS to support a range of hybrid integration requirements beyond on-premise and SaaS application and data integration.
“It is impressive to see how Boomi’s integration platform has expanded from iPaaS and API-led integration to cover B2B/EDI integration and simple file transfer use cases.”
A unified platform for diverse scenarios
Boomi’s unified platform equips organisations to address increasingly complex integration and connectivity scenarios as they revamp enterprise integration strategies to pursue digital transformation and increase business agility.
- Boomi has well-established credentials in the global iPaaS market, with thousands of large and medium-size enterprise customers.
- Boomi’s recently introduced API gateway and developer portal support secure and scalable interactions with external parties, enhance API discoverability and drive engagement across a broader API consumer base.
- Boomi B2B/EDI Management lets users build, deploy and manage both traditional EDI and newer web services in the cloud.
In recent years, Boomi said they have been building out their platform with robust capabilities to address growing needs for low-code, cloud-native integration, API management and B2B/EDI management, as well as workflow automation development and master data management.
“We view Ovum’s “leader” rank for Boomi as a clear validation of our strategic evolution — as is rapid growth in our customer base, to more than 9,000 organisations, and our partners, at more than 580.”
“On a comparative basis, Boomi offers a good feature-price value for enterprises of all sizes,” Ovum says. “This is evident from its joint highest score for the ‘Scalability and enterprise fit’ criteria group.”
About the author
Athina Mallis is the editor of the Which-50 Digital Intelligence Unit. Boomi, a Dell Technologies business is a corporate member of the Which-50 Digital Intelligence Unit. Members provide their insights and expertise for the benefit of the Which-50 community. Membership fees apply.