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(I-AutoNewsWire.com, April 25, 2018 ) Publisher’s market research analysts have identified the advantageous cost reduction due to operational streamlining as one of the primary factors that will trigger the growth of the application development and integration market in the coming years. The immediate cost reduction benefit achieved by implementing application development integration strategy across an enterprise acts as a major driver for this market. Enterprise application integration strategy helps in reducing risk and aids in exchanging information among IT applications and systems. Effective application integration strategy leads the software and application modules to indicate a combined structure and function with a perfect conjunction. Our market research analysts estimate that this market will grow steadily at a CAGR of more than 5% by 2022.
The increasing adoption of hybrid application integration technology is one of the key trends in the application development and integration market. Owing to the rising complications and complexities in the data integration and collaboration standards in several industries, the adoption of hybrid application integration technology is constantly increasing. This hybrid application integration technology is very significant for advanced organizations that install both on-premises and cloud-based models. Also, a hybrid integration solution permits seamless integration among application, processes, and data.
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Companies covered
The application development and integration market appear to be fragmented due to the presence of several vendors. This industry research report offers information about the competitive environment among companies in this software development tools market and offers an analysis of the companies and their products. Moreover, the report also provides information about key areas the players currently focus on and strategies they follow to sustain the competition.
The report includes an analysis of a number of companies in this marketspace including -
IBM
Infosys
Microsoft
Oracle
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