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Integration & Orchestration Middleware integrates applications and services as well as allowing collaboration of services through an orchestration platform. It offers advanced application programming interfaces to streamline and manage processes, workflows and business rules.
The global Integration and Orchestration Middleware Market is estimated to be valued at US$ 12 Bn in 2023 and is expected to exhibit a CAGR of 9.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Propelled by Microservices Architecture: Microservices architecture has gained significant traction which breaks down large applications into independent and interoperable services. Integration & Orchestration middleware plays a pivotal role in microservices architecture by facilitating integration and communication between these independent services. It allows to aggregate microservices and their communication in a clear and consistent manner with simplified development and deployment. The rising adoption of microservices architecture across enterprises has largely contributed towards the growth of integration & orchestration middleware market.
SWOT ANALYSIS
Strength: The integration & orchestration middleware market is growing rapidly with high adoption of cloud platforms. It enables easy integration of different applications and databases.
Weakness: Data security and privacy issues continue to remain a challenge. Lack of skilled talent could hamper the growth.
Opportunity: Growing demand for cloud services and APIs presents a big opportunity. Large enterprises are looking at orchestration middleware for digital transformation initiatives.
Threats: Open source alternatives can disrupt the market. Economic slowdown can impact technology spending.
Key Takeaways
Global Integration & Orchestration Middleware Market Size is expected to witness high growth at a CAGR of 9.0% during the forecast period of 2023 to 2030.
Regional analysis:
North America currently dominates the market and is expected to maintain its lead over the forecast period as well. The presence of major players and higher technology adoption provides an edge to the region. Europe and APAC are also growing at a faster pace due to increasing penetration of cloud platforms.
Key players operating in the market are Qmarkets, BrightIdea Inc., Hype Innovation, IdeaScale, Innosabi GmbH, Cognistremer and Crowdicity Ltd. These companies are focusing on enhancing their offerings through continuous innovation. For example, Qmarkets recently launched a conversational AI tool to help businesses automate complex workflows.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
