Composable Applications Market

According to MarketsandMarkets, the market for composable applications will expand at a compound annual growth rate (CAGR) of 17.5% from an expected USD 5.2 billion in 2023 to USD 11.8 billion by 2028. Increased demand for app development is driving composable application market growth.

Top Companies in Composable Applications in2024 include

• Salesforce (US)
• Dell Boomi (US)
• MuleSoft (US)
• Informatica (US)
• Software AG (Germany) and many more

To know about the assumptions considered for the study download the pdf brochure

Salesforce is an American cloud-based software provider which offers customer relationship management (CRM) software and applications focused on sales, customer service, marketing automation, e-commerce, analytics, and application development. It is focused on developing its CRM platform, an entirely cloud-based platform which enables enterprises to work from any device. Salesforce’s CRM service comprises several broad categories: Commerce Cloud, Sales Cloud, Service Cloud, Data Cloud, Marketing Cloud, Community Cloud, Manufacturing Cloud, Analytics Cloud, App Cloud, Vaccine Cloud, IoT, and Work.com, with over 100,000 customers. The company caters to various industry verticals, including automotive, communications, consumer goods, education, energy & utilities, financial services, government, healthcare & life sciences, manufacturing, media, non-profit, retail, technology, and travel & hospitality. The company has a strong geographic presence within America, Europe, and Asia Pacific.

Boomi is a software company specializing in integration platform-as-a-service (iPaaS), API management, master data management, and data preparation. It provides an iPaaS that enables the connection of applications and data sources. It is a low-code development platform. The platform provides API, lifecycle management, and event-driven architecture features for cloud integration. This includes an API Proxy, API Gateway, and API Developer Portal. The platform also supports event-driven architectures. Boomi’s EDA partners include Dell EMC and Solace as well as vendors specializing in message brokers, event meshes, streaming, and pub/sub technology. The platform also offers integrations for Amazon SQS, Microsoft’s Azure Service Bus services, and Pivotal’s RabbitMQ. In May 2021, Dell Technologies reached a deal to sell its cloud business, Boomi, to global investment firm Francisco Partners and private equity platform TPG Capital.

MuleSoft, a leading player in the Composable Applications Market, offers the Anypoint Platform, empowering organizations to build flexible, scalable, and innovative applications. As a subsidiary of Salesforce, MuleSoft specializes in integration solutions, particularly in the integration platform as a service (iPaaS) segment. The Anypoint Platform provides comprehensive API management, data integration, application integration, and other capabilities, enabling businesses to connect applications, data, and devices across cloud and on-premises environments seamlessly. With a focus on enabling composable architectures, MuleSoft facilitates rapid development and deployment of modular applications, empowering organizations to adapt quickly to evolving business needs and technological advancements.

Informatica, a prominent player in the Composable Applications Market, offers the Intelligent Data Management Cloud (IDMC) platform, empowering organizations to compose applications by seamlessly integrating and managing data from various sources. With a strong presence in the data integration and management space, Informatica specializes in providing solutions that ensure data quality, security, and compliance. The IDMC platform offers a wide range of data integration, governance, and analytics solutions, enabling businesses to harness the power of data and drive innovation. Leveraging Informatica's platform, organizations can accelerate the development of composable applications, streamline business processes, and deliver exceptional customer experiences in today's dynamic digital landscape.

Related Reports:

Composable Applications Market by Offering (Platform And Services), Vertical (BFSI, Retail & eCommerce, Government, Healthcare & Life Sciences, Manufacturing, IT & ITeS, Energy & Utilities), & Region (North America, Europe, APAC, RoW) – Global Forecast to 2028