iPaaS Magic Quadrant and Beyond
Integration is a critical component for businesses seeking seamless and automated operations considering the large number of SaaS applications integrated into business processes. For this purpose, Integration Platform as a Service (iPaaS) comes in handy. iPaas offers a range of cloud-based services designed for the development, execution and governance of integrations. These integrations connect several on-prem and cloud-based data, processes, applications, and services within individuals or across multiple organizations.
What iPaaS Magic Quadrant represents
Every year, Gartner releases a report of iPaas companies based on Garner’s standards and methodology. This report is known as the iPaas Magic quadrant.iPaas Magic Quadrant reveals top-performing participants and where they're placed (in the quadrant) in the iPaas industry thereby providing insights into the market's direction.
Gartner's iPaaS Magic Quadrant 2024
Although possessing limitations, Gartner's iPaaS Magic Quadrant 2024 assesses participants based on their execution abilities. The Magic Quadrant groups the participants into four categories. A proper understanding of these categories helps businesses select the right iPaaS vendor based on their specific needs or innovative and specialized features.
Leaders
These are the top performers in the market. They are referred to as Leaders based on their high reliability, scalability, ease of use, robust connectors, data governance and comprehensive integration The companies on the magic quadrant grouped as Leaders include:
- Informatica
- Dell Boomi
- MuleSoft
Challengers
This group of participants have a strong ability to execute jobs but often lacks a fully complete or innovative vision compared to Leaders. The companies on the magic quadrant grouped as Challengers include:
- Microsoft Azure Logic Apps
- SAP Integration Suite
Visionaries
Visionaries represent participants with an innovative vision for the future of the market but cannot execute it. The companies on the magic quadrant grouped as Visionaries include:
- Workato
- SnapLogic
###Niche Players Niche players focus on specific areas. They can serve a particular industry, region, or set of use cases very well but oftentimes do not offer solutions for all customers due to being specialized and focused. The companies on the magic quadrant grouped as Niche Players include:
- Oracle
- Software AG The Magic Quadrant takes less cognisance of new players in the iPaaS industry, this is a limitation that should be checked. New iPass solutions continue to emerge and compete with the popular ones.
The missing item on the Magic Quadrant: Activepieces
However, the Magic Quadrant has its limitations, often focusing on older players and sometimes overlooking newer, innovative solutions that are rapidly gaining traction. One iPaas vendor doing well in terms of its abilities and innovations in Activepieces.
Activepieces is an open-source automation tool with a high rate of innovation because of the constant contributions from developers around the world. Its key features include:
Significant market presence and customer base It contains a library of business applications that can be integrated to automate processes. It is widely accepted due to its open-source nature, on-prem capabilities and so on, and is currently deployed in various sectors such as Insurance, healthcare and so on.
Demonstrated financial stability and growth About 40,000 teams use Active pieces, it’s funded by Y Combinator and other investors from Accel, Sequoia and others. It has a lot of government, healthcare, and financial institution customers.
Innovative product features and capabilities Activepieces allows you to orchestrate your automation teams across projects, and then manage the available resources (like connectors) in these projects and monitor them. So it allows IT teams to offer automation capabilities across all departments very securely and in a scalable way.
Scalability Based on its on-prem abilities, workflow automation can be scaled on Activepieces without distorting the initial flow. The workflows can be extended from a single project to a team project. It can also be reusable as part of a larger project.