A recent study by Research and Markets revealed that spending on hybrid integration platforms is expected to grow from $17.14 billion in 2017 to $33.6 billion in 2022, a CAGR of 14.4%.
Businesses’ current IT landscape today has a combined aggregation of local, mobile, and cloud applications – resulting in a heterogeneous IT architecture to manage processes. For improving businesses, companies need to connect and standardize all data across the entire application environment. However, in the digital transformation era, traditional integration methods fail to keep up with the market demand. Striking a balance between traditional and modern integration style has become need-of-the-hour.
To minimize integration costs, streamline processes, structure the integration architecture, and make integration easier and more efficient, implementing an agile approach for integration is essential. That is where the forum for Hybrid Integration (HIP) is becoming more prevalent.
What is a Hybrid integration platform (HIP)?
Ovum Analyst Report defines the Hybrid Integration Platform as “a cohesive set of integration software (middleware) products enabling users to develop, secure and govern integration flows connecting diverse applications, systems, services, and data stores.”
A hybrid integration platform (HIP) provides the perfect balance for enterprises, leveraging the integration of legacy infrastructure (servers, databases, warehouses) with cloud solutions (IaaS, PaaS, SaaS) and allowing them to remain competitive. It is a platform that provides organizations with all of the tools they need to make integration simpler and easier across any on-premises and multi-cloud environment.
HIP not only allow businesses to seamlessly and securely integrate with cloud-based applications, but also enables a fast-track innovation, enhances efficiency, and lowers the challenges in integration. It can solve the problem of relocating your prior existing information from on-premises systems, creating new systems for innovation, providing rapid data sharing, eliminating odd functionality, utilizing the fullest potential of all systems, and reducing maintenance costs.
Significant Reasons to Choose a Hybrid Integration Platform (HIP)
- Integrate any software with any system: Businesses will vastly increase the number of services and goods they sell with hybrid integration technology. But how is it possible? It is because they can let you integrate any device and software with any other system within an enterprise or externally.
- Seamless and Secure Data Sharing: A Hybrid Integration Platform allows a business to configure, control, and manage data sharing between workers, partners, and consumers, allowing improved collaboration, improving efficiency, and satisfaction levels. For businesses with multiple partners and branch offices, a hybrid integration approach is especially important, as they typically produce tones of files to exchange.
- Central control through Single framework: All IT frameworks, applications, and apps, regardless of the platforms, must be easily connected by any integration platform. It includes sharing and analyzing information through systems and software. The HIP will allow you to obtain and analyze data from multiple sources and manage it all in a single center. This ensures quick and smooth interchange of data while eliminating errors and synchronizing new systems.
- Reduce Integration Costs: With HIP, there is no need to buy and maintain hardware, acquire multiple complicated integration tools, and maintain outdated systems. This cuts up a lot of repetitive and time-consuming work and simultaneously reduces a huge chunk of costs in your business integration journey.
- Future-proof integration: A hybrid Integration platform comes with centralized risk management of shared data; it allows you to take advantages of all the technologies required and also offers AI-based data analysis, which enhances faster decision-making
Modernize your Integration with Hybrid Integration Platform
Integration is an essential and key component of the complex and changing world of technology. With an agile integration approach and a robust hybrid integration platform, companies can speed up new integrations while streaming business processes, adapting to new technologies while lowering the cost.
When correctly done, companies will continue using their current infrastructure, have better collaboration, democratization, and reuse of assets through features like asset repositories while helping integration teams build and support the volume of integrations that digital transformation initiatives require.
But, how do you know which is the right Hybrid Integration Platform? Take a look at some of the key components below while choosing a hybrid integration platform for your integration needs.
- Personas (Integration specialists, ad hoc integrators, citizen integrators, and digital integrators)
- Integration domains (Application, data, B2B, and process)
- Endpoints(On-premises devices, the cloud)
- Deployment models (Cloud, on-premises, and embedded)
If you are convinced that hybrid integration platforms are profitable or interested in learning more about hybrid integration platforms and their key capabilities, features and requirements, Talk to our expert team!