Gartner Predicts Up To Two-Thirds Of iPaaS Vendors Will Not Survive By 2023
Analysts to discuss infrastructure trends and challenges at the Gartner Application Architecture, Integration & Development Summits 2019 in Mumbai, London, and Sydney.
Although the market for integration platform as a service (iPaaS) shows strong growth, the first signs of market consolidation are starting to emerge. Gartner, Inc. predicts that by 2023, up to two-thirds of existing iPaaS vendors will merge, be acquired or exit the market.
“The challenge for most iPaaS vendors is that their business is simply not profitable,” said Bindi Bhullar, senior research director at Gartner. “Revenue growth and increasing customer acceptance can’t keep up with the costs for running the platform and the heavy spending in sales and marketing.”