It is necessary for the IT industry to create innovative cost-effective solutions. IT outsourcing solutions help customers achieve this requirement. Integration brokerage (IB), also known as B2B/electronic data interchange (EDI), is an IT outsourcing solution for application and data integration, which includes implementation and managed services. Integration brokerage software provides recurring managed services, cloud and on-premise integration services, mobile app integration, and Internet of Things (IoT) integration solutions. Integration brokerage software providers serve as intermediaries between cloud and business service providers. Moreover, they enable organizations to integrate, customize, and enhance their cloud capabilities. Integration brokerage solutions are focused on either B2B integration or internal application-to-application (A2A) integration. Integration brokerage software helps organizations efficiently evaluate, procure, integrate, and manage diverse services. Integration brokerage software serves as a strategic advisor and an aggregator for organizations and provides reliability, cost advantage, scalability, and shared support in technological migrations activities of organizations. Furthermore, integration brokerage software also provides functions such as automation, provisioning, development, integration, customization, change management, support, security, administration, and governance.
Vendors in the market focus on offering various features in their offerings such as compliance to technical requirements, integration capabilities, and strong business partnerships. The standards in the integration brokerage software market include Simple Object Access Protocol (SOAP) and Representational State Transfer (REST). Vendors offer different solutions based on type of enterprise, varying pricing models, etc. Cloud-based pay-per-use models are gaining traction in the integration brokerage software market. Integration services providers include aggregators, integrators, IT service managers, developers, customization providers and arbiters. Vendors are focusing on offering modern, future-proof platform with powerful APIs and integration capabilities. Presently, cloud infrastructure is changing the IT landscape and Integration Platform as a Service (iPaaS) and Software as a Service (SaaS) applications are replacing the existing on-premise applications. Increasing cloud penetration is anticipated to drive the demand for integration brokerage software during the forecast period.
The global integration brokerage software market can be segmented based on component, deployment, solution, enterprise size, and region. Based on component, the market can be classified into software/platform and services. The services segment can be further classified into integration & deployment and support & maintenance. Based on deployment, the market can be categorized into on-premise and cloud. The cloud segment can be further sub-segmented into public, private, and hybrid. The cloud segment is expected to account for a prominent share of the integration brokerage software market during the forecast period. In terms of solution, the market can be segregated into partner management, data transformation, analytics, orchestration, and others. Based on enterprise size, the integration brokerage software market can be split into small enterprises, medium enterprises, and large enterprises. The large enterprises segment holds a notable share of the market, as they want to reduce their IT related CAPEX and OPEX costs.
Based on region, the global integration brokerage software market can be segregated into North America, Asia Pacific, Middle East & Africa, South America, and Europe. North America is expected to account for a prominent share of the integration brokerage software market owing to increasing technological investments by organizations in the region. Key players operating in the global integration brokerage software market include IBM Corporation, GXS, Inc. and Covisint (OpenText Corporation), Edicom, NeoGrid, Tieto Oyj, NTT Data, Inc., SPS Commerce, and e-Builder, Inc. The integration brokerage software market is expected to expand in the near future and is expected to witness the entry of several small innovation-focused players. The market is still reinventing itself, fueled by changing integration requirements, sustained year-to-year investments in innovation, and acquisitions.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.