In recent years, IT departments have been confronted with the convergence of several highly disruptive trends that have fundamentally altered the enterprise IT landscape, particularly when it comes to how data and applications are managed. Mobility and the rise of BYOD (bring your own device), as well as the growth of social media and the electronic information it generates, have each proved transformative. But perhaps no shift has been more seismic than the adoption of cloud and SaaS-based applications led by CIOs who see the value proposition associated with outsourcing many complex IT operations.
However, integrating data across diverse SaaS applications with existing on-premise solutions has proved exceptionally challenging. To streamline this integration without slowing adoption, IT stakeholders are turning to cloud-based integration solutions that can curtail complexity and IT oversight while enabling organizations to better leverage their information capital to drive business objectives. Indeed, according to a recent report by analyst firm MarketsandMarkets, the global Cloud Brokerage Services (CSB) market is on track to grow from $1.57 billion in 2013 to $10.5 billion by 2018, a compound annual growth rate of more than 45% over the five year period.