Gartner describes iPaaS as:
“a suite of cloud services enabling development, execution and governance of integration flows connecting any combination of on premises and cloud-based processes, services, applications and data within individual or across multiple organizations.”
Their Magic Quadrant, which can be downloaded courtesy of Mulesoft, defines
Service Description: What qualifies as a true Cloud service, iPaaS Functionality.
Use Cases and Buying Centers: iPaaS primarily addresses a need for Cloud Service Integration integrating on-premises applications and data, with SaaS and other Cloud services.
Market Trends: Gartner has identified at least 30 iPaaS vendors and anticipates a highly competitive market, with key growth sectors like IoT Integrations