Boomi, a Dell Technologies business, has been named a market leader in cloud based integration by Ovum, the IT research and consulting firm.
Boomi scored the highest marks out of all evaluated vendors, in categories of ‘cloud integration/iPaaS' (integration platform-as-a-service) and ‘scalability and enterprise fit'. It also ranked highly in other categories in Ovum's evaluation of 11 hybrid integration vendors.
Ovum analysts noted that digital business is driving a proliferation of applications, services, data stores, and APIs that need to be connected to deliver critical business processes.
This is fueling demand for a cloud-based hybrid platform with capabilities that include data and application integration, API management, and electronic data interchange (EDI) for B2B trading partner transactions, Ovum states.
“Boomi has expanded the capabilities of its iPaaS to support a range of hybrid integration requirements beyond on-premise and SaaS application and data integration,” Ovum said in its report. “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.
Ovum said that Boomi ‘offers a good feature-price value for enterprises of all sizes' and that:
- 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.
Boomi CEO Chris McNabb says, “We're extremely gratified to be named a market leader in Ovum's insightful study.
“We've invested in creating an intelligent, flexible and scalable platform that meets the diverse data management needs of today's digital economy.
“Ovum's recognition validates our strategic focus of delivering broad capabilities in a unified platform that equip organisations to accelerate business outcomes through modernisation, transformation, and innovation,” says McNabb.
According to Ovum, the global iPaaS market will grow at a 59.7% compound annual growth rate (CAGR) between 2018 and 2023, to US$10.2 billion. Meanwhile, the API platform market will expand at a 61.7% CAGR over the same timeframe, to US$13.7 billion.
Ovum's study also forecasts rapid growth in iPaaS and API platform markets as “IT continues to struggle to meet new application and data integration requirements driven by digitalisation and changing customer expectations”.
In addition, cloud-based hybrid integration will account for at least 50% of new spend on middleware by the end of 2019 (not counting upgrades or license renewals on existing on-premise middleware).
The full study, ‘Ovum Decision Matrix: Selecting a Cloud Platform for a Hybrid Integration Vendor, 2019-20', is available now.