Total Economic Impact
Cost Savings And Business Benefits Enabled By MuleSoft
A FORRESTER TOTAL ECONOMIC IMPACT STUDY COMMISSIONED BY Mulesoft, October 2025
Total Economic Impact
A FORRESTER TOTAL ECONOMIC IMPACT STUDY COMMISSIONED BY Mulesoft, October 2025
API adoption and agile integration are challenges IT must solve to support ever-changing business needs. Historically, integration has been a top bottleneck for IT’s ability to execute, with traditional approaches making it difficult to maintain agility as application sprawl grows and the number of required connections grows even faster. The proliferation of AI agents introduces an additional layer of complexity: Companies must map their (likely siloed) sources of enterprise and customer data into business capabilities, then turn those capabilities into APIs and integration-platform-as-a-service (iPaas)-powered automated tasks that AI agents can leverage in their decision-making and actions.1 MuleSoft helps organizations address these challenges by building a composable architecture, enabling faster delivery and simplified management of integration and API components. As a result, organizations can respond to business needs faster, ultimately driving incremental revenue and operational efficiencies.
MuleSoft’s all-in-one integration, API management, and automation platform enables organizations to establish an agentic AI foundation quickly. With MuleSoft, organizations can build integrations with intelligent AI tooling, maintain control of APIs and agents with enterprise-grade security and governance, and orchestrate agent action across the enterprise through intelligent routing and multiagent workflows.
MuleSoft commissioned Forrester Consulting to conduct a Total Economic Impact™ (TEI) study and examine the potential return on investment (ROI) enterprises may realize by deploying MuleSoft.2 The purpose of this study is to provide readers with a framework to evaluate the potential financial impact of MuleSoft on their organizations.
To better understand the benefits, costs, and risks associated with this investment, Forrester interviewed seven decision-makers, from six organizations, with experience using MuleSoft. For the purposes of this study, Forrester aggregated the experiences of the interviewees and combined the results into a single composite organization, which is a global company with $7.5 billion in annual revenue.
Interviewees said that prior to using MuleSoft, their organizations relied on point-to-point integrations and custom-built APIs to connect business systems and applications. This prior environment limited agility for developer teams, requiring them to build new integrations and APIs from scratch for every application or business requirement. These limitations hindered their organizations’ ability to respond to changing business needs quickly.
After the investment in MuleSoft, the interviewees’ organizations built composable API and integration ecosystems, enabling developers to avoid repetitive work and accelerate development and delivery speeds with reusable assets. Key results from the investment include improved developer productivity, operational efficiency, and revenue growth through improved time to value.
Quantified benefits. Three-year, risk-adjusted present value (PV) quantified benefits for the composite organization include:
A 60% reduction in effort for API and integration delivery, and a 45% reuse rate for existing assets. MuleSoft streamlines design, testing, and deployment workflows by providing developers with advanced tooling and prebuilt connectors. The composite organization adopts a composable approach to building its API and integration ecosystem, enabling the reuse of assets across multiple use cases, which further reduces developer effort. Over three years, the labor savings are worth $2.8 million to the composite organization.
A 70% reduction in ongoing management effort. MuleSoft significantly reduces the effort needed to manage and maintain APIs and integrations. Developers benefit from centralized tooling that automates governance, security, and monitoring tasks as well as portals for publishing APIs to internal and external audiences. Additionally, reuse of APIs and integrations reduces the total number of assets developers need to manage. Over three years, the labor savings are worth $605,000 to the composite organization.
A 40% acceleration in time to market for new products and services. By leveraging MuleSoft’s capabilities and building reusable assets, the composite organization shortens development timelines, enabling developers to respond more quickly to business needs for new applications and features. This agility allows the organization to launch new products and services faster and capture associated revenue sooner. Over three years, the composite organization cumulatively generates more than $38.0 million in additional revenue and $3.0 million in incremental profit.
Workflow automation saves half an hour per week per impacted employee. MuleSoft improves operational efficiency across a range of business functions by improving interoperability between business systems and applications. This enables the composite to automate workflows for the majority of its employees, enhancing their productivity by reducing manual work. Over three years, the labor savings are worth $5.8 million to the composite organization.
Unquantified benefits. Benefits that provide value for the composite organization but are not quantified for this study include:
Performance improvements. With MuleSoft, the composite organization improves reliability, performance, and scalability of its applications.
Security and compliance mangement. With a centralized platform for managing policy and access controls, the composite organization can effectively manage security and compliance requirements at scale.
Developer experience improvements. The productivity gains enabled by MuleSoft free developer resources to focus on higher-value strategic projects and innovation.
Costs. Three-year, risk-adjusted PV costs for the composite organization include:
MuleSoft costs. The composite organization incurs $1.8 million over three years for MuleSoft licensing.
Implementation, training, and ongoing management. The composite organization incurs costs for implementation, training, and ongoing management, totaling $595,000 over three years.
The financial analysis that is based on the interviews found that a composite organization experiences benefits of $12.3 million over three years versus costs of $2.3 million, adding up to a net present value (NPV) of $10.0 million and an ROI of 426%.
Percentage of API and integration assets available for reuse
Acceleration in API and integration delivery
Return on investment (ROI)
Benefits PV
Net present value (NPV)
Payback
| Role | Industry | Region | Employees | Annual Revenue |
|---|---|---|---|---|
| CIO | Healthcare | US HQ, national operations | 375 | $30M to $50M |
| VP of IT | Pharmaceutical | Europe HQ, global operations | 200 | $100M |
| Director of applications VP of digital banking |
Financial services | Canada HQ, national operations | 1,800 | $350M |
| Director of software engineering | Financial services | US HQ, national operations | 1,600 | $958M |
| Director of AI initiatives | Pharmaceutical | US HQ, global operations | 10,000 | $6.4B |
| Senior director of digital products | Healthcare | US HQ, global operations | 400,000 | $400B |
Before adopting MuleSoft, the interviewees’ organizations relied on point-to-point integrations to connect and exchange data between backend systems and business applications. Interviewees noted how their organizations struggled with common challenges, including:
Growing integration complexity and limited reuse. Interviewees shared that their organizations’ prior architectures consisted of custom-coded, point-to-point integrations, which limited their ability to scale digital ecosystems efficiently. Limited modularity and reusability of integration components meant developer teams had to rebuild the same functionalities from scratch for each new application or business need. Over time, this approach led to growing integration complexity and maintenance overhead. As integration demands grew, whether to support new digital services, connect third-party systems, or improve interoperability between internal applications, IT teams struggled to keep pace. The CIO at a healthcare company said: “There was no reusability at all. We were reinventing the wheel every time.” Similarly, the senior director of digital products at a healthcare company said: “Our APIs were not reusable. Each time they had to be started from scratch. Even if it was a similar use case, the API had to be rebuilt.”
Challenges responding to business needs. Interviewees shared that their organizations’ developers struggled to deliver integrations and APIs quickly enough to meet evolving business demands, with projects often taking several months to complete. This slow pace hindered their IT team’s ability to support new business initiatives and, in some cases, led to other business units choosing to work around them altogether. The VP of digital banking at a financial services company reported that basic functionality took two to six months to deliver. Similarly, the director of software engineering at a financial services company said: “[Before MuleSoft], we were lucky to deploy anything into production quickly. If we deployed once a quarter or once every two quarters, that was as fast as we could move. … IT has not always been the darling of the bank. And frankly, a lot of our business units tried to work around us instead of working with us.”
Siloed data. Employees at the interviewees’ organizations often had to work across data silos due to lack of interoperability between back-office systems and business applications. For example, the CIO at a healthcare organization shared that staff struggled to access timely and accurate health information and often had to work across multiple portals, systems, and applications, leading to manual data entry and inefficiencies. Similarly, the senior director of digital products at a healthcare company noted that customer service representatives had to swivel-chair between multiple applications and systems to handle customer inquiries.
The interviewees searched for a solution that could:
Unlock data across systems and applications. Interviewees shared that one of their primary objectives was to improve access to data for customers, partners, and employees. For example, the director of software engineering at a financial services company shared that customers and partners had increasing demands for integrations and real-time financial data access. They explained that their organization aimed to meet clients where they were by being able to expose data more easily from their core systems. Additionally, the senior director of digital products at a healthcare company noted that their organization had several instances of Salesforce, back-office financial systems, and homegrown tools that required better integration so employees could access information more efficiently across their workflows.
Improve developer productivity and business agility. Interviewees noted that their organizations sought to accelerate delivery of APIs and integrations so they could respond to business needs faster. MuleSoft offered a path to increase flexibility and agility by enabling a composable approach in which integration assets, including APIs and connectors, could act as modular building blocks with reusable functionality across multiple teams and use cases. For example, the CIO at a healthcare company shared that their organization needed a way to integrate health exchange and billing information with new partners at scale without needing to build custom integrations and APIs for every new system and partner.
Based on the interviews, Forrester constructed a TEI framework, a composite company, and an ROI analysis that illustrates the areas financially affected. The composite organization is representative of the interviewees’ organizations, and it is used to present the aggregate financial analysis in the next section. The composite organization has the following characteristics:
Description of composite. The composite organization is a global company with $7.5 billion in annual revenue and 15,000 employees. The company has 15 developers who are involved in developing APIs and integrations. Before adopting MuleSoft, the composite organization develops and manually manages custom-coded APIs and point-to-point integrations. These components have limited reusability beyond their original functionality.
Deployment characteristics. During the initial period of the investment, the composite organization develops a set of five integrations and 10 APIs. Each subsequent year, the organization develops 30 new integrations and 60 new APIs to support new applications, products, services, external partnerships, and connectivity needs. A detailed reference table for the composite organization can be found in Appendix B.
$7.5 billion revenue
15,000 employees
15 developers using MuleSoft
| Ref. | Benefit | Year 1 | Year 2 | Year 3 | Total | Present Value |
|---|---|---|---|---|---|---|
| Atr | Improved developer productivity through streamlined integration and API delivery | $742,560 | $1,228,080 | $1,699,320 | $3,669,960 | $2,966,721 |
| Btr | Improved developer productivity through reduced ongoing management efforts | $101,606 | $237,324 | $420,941 | $759,871 | $604,764 |
| Ctr | Incremental profit from improved time to market | $1,216,098 | $1,216,098 | $1,216,098 | $3,648,294 | $3,024,256 |
| Dtr | Operational efficiency improvement | $1,947,563 | $2,337,075 | $2,726,588 | $7,011,226 | $5,750,505 |
| Total benefits (risk-adjusted) | $4,007,827 | $5,018,577 | $6,062,947 | $15,089,351 | $12,346,246 |
Evidence and data. Interviewees shared that adopting MuleSoft significantly reduced the effort required to develop APIs and integrations. MuleSoft’s suite of tools and prebuilt connectors streamlined design, testing, and deployment workflows. By embracing a composable architecture, organizations could reuse these assets, further accelerating development. As a result, interviewees reported overall efficiency gains ranging from 25% to 92%, driven by both reuse and MuleSoft’s tooling. They described the following ways that MuleSoft improved efficiency:
Reuse. With MuleSoft, the interviewees’ organizations moved to a composable approach. Instead of building each API and integration to be purpose-fit for a single application or use, they adopted a modular strategy and designed components to deliver discrete, reusable functions that they could flexibly combine and leverage across different systems and applications. For example, the director of applications at a financial services company shared that their organization built foundational APIs to expose data from core banking systems, such as member profile information and transaction history, which it then reused across multiple digital channels, including online banking, the contact center, and branch operations. This approach enabled the organization to avoid building and maintaining separate integrations between each system and channel. On average, interviewees reported that the composable strategy with MuleSoft enabled a 43% API reuse rate.
Design. MuleSoft provided the interviewees’ organizations with a centralized platform and capabilities to design, build, test, and deploy their APIs and integrations, helping teams streamline workflows and accelerate delivery. For example, the director of applications at a financial services company shared: “The Design Center within the MuleSoft platform simplifies the overall design of our APIs. It provides a single pane of glass where you can build, design, develop, and run those APIs and visualize how your ecosystem is running in production.”
Out-of-the-box connectors. Interviewees also leveraged MuleSoft’s out-of-the-box connectors, which helped them avoid building common API and integration logic from scratch. For example, the CIO at the healthcare company utilized MuleSoft’s HL7 and electronic data interchange connectors to easily facilitate data exchange between their internal healthcare systems and third parties.3
Percentage of API and integration assets available for reuse
Acceleration in API and integration delivery
Hours of avoided development work per API or integration
Modeling and assumptions. Based on the interviews, Forrester assumes the following about the composite organization:
The composite organization builds 75 new APIs and integrations each year.
Before MuleSoft, an API or integration took 250 hours of developer effort to build.
With MuleSoft tooling, the composite reduces the effort to develop an API or integration by 60%.
The composite organization has 15, 90, and 165 cumulative APIs and integrations available at the start of Year 1, Year 2, and Year 3, respectively, based on development completed in the preceding years. Of these assets, 45% are reusable for multiple projects and business initiatives. Forrester conservatively assumes that an organization will utilize each reusable asset at least once during the course of the year.
The fully burdened hourly rate for a developer is $84.
The composite recaptures 80% of developer time savings productively.
Risks. Forrester recognizes that these results may not be representative of all experiences. The following factors may impact this benefit.
The number of new APIs and integrations built each year.
An organization’s prior methods for API and integration development and associated development time.
The extent to which an organization designs APIs and integrations for reuse.
The variation in developer salaries.
The likelihood that an organization recaptures time savings productively.
Results. To account for these risks, Forrester adjusted this benefit downward by 10%, yielding a three-year, risk-adjusted total PV (discounted at 10%) of $3.0 million.
| Ref. | Metric | Source | Year 1 | Year 2 | Year 3 | |
|---|---|---|---|---|---|---|
| A1 | New APIs and integrations built | Composite | 75 | 75 | 75 | |
| A2 | Average effort to build an API or integration before MuleSoft (hours) | Interviews | 250 | 250 | 250 | |
| A3 | Incremental developer acceleration due to MuleSoft tooling | Interviews | 60% | 60% | 60% | |
| A4 | Subtotal: Avoided development effort due to MuleSoft tooling (hours) | A1*A2*A3 | 11,250 | 11,250 | 11,250 | |
| A5 | Cumulative integrations and APIs built in prior year | R10py | 15 | 90 | 165 | |
| A6 | Percentage of integrations and APIs available for reuse | Interviews | 45% | 45% | 45% | |
| A7 | Avoided APIs and integrations developed due to reuse | A5*A6 | 7 | 41 | 74 | |
| A8 | Subtotal: Avoided development effort due to reuse (hours) | A2*A7 | 1,750 | 10,250 | 18,500 | |
| A9 | Fully burdened hourly rate for a developer | Composite | $84 | $84 | $84 | |
| A10 | Productivity recapture | TEI Methodology | 80% | 80% | 80% | |
| At | Improved developer productivity through streamlined integration and API delivery | (A4+A8)*A9*A10 | $873,600 | $1,444,800 | $1,999,200 | |
| Risk adjustment | ↓15% | |||||
| Atr | Improved developer productivity through streamlined integration and API delivery (risk-adjusted) | $742,560 | $1,228,080 | $1,699,320 | ||
| Three-year total: $3,669,960 | Three-year present value: $2,966,721 | |||||
Evidence and data. Interviewees shared that MuleSoft significantly reduced the effort required to manage and maintain APIs and integrations. With MuleSoft, organizations benefited from tools for monitoring, security, and cataloging and avoided management efforts due to reuse. Interviewees estimated that, without MuleSoft, they would have needed two to ten additional resources to manage the current scope of their APIs and integrations. They detailed several areas in which MuleSoft drove efficiencies, including:
Security and governance. MuleSoft streamlined security and governance by centralizing and automating controls. Teams could easily configure authentication, security policies, rate limiting, and access permissions without extensive manual effort. The director of applications at a financial services company said: “Security, compliance, and policy management are all handled within its unified platform with just a few clicks, which makes things a lot easier. There’s policy assignment and handling, including rate limiting, which we can adjust based on the thresholds needed for different types of transactions. It’s a life saver for us.” Additionally, the director of AI initiatives at a pharmaceutical company shared: “MuleSoft has robust API management tools, especially in terms of security. It’s easier to connect to our single sign-on, and the security layer is better compared to others.”
Monitoring and performance. MuleSoft provided the interviewees’ organizations with real-time visibility into the health and performance of their APIs and integrations through centralized dashboards. This allowed teams to monitor performance metrics across their environments and set alerts to flag issues, enabling faster troubleshooting and proactive incident response. The director of AI initiatives at a pharmaceutical company shared: “From an operations standpoint, we’ve experienced easier maintenance, especially on the observability side. MuleSoft helped us identify errors, missing data, and other issues. In those cases, we’re able to pinpoint the issue and then reprocess those messages.”
Documentation and cataloging. MuleSoft provided the interviewees’ organizations with a centralized repository to organize and document APIs, making them more easily accessible for developers and other stakeholders. The senior director of digital products at a healthcare company noted that this helped effectively manage their API catalog and documentation, while also enabling easier discoverability for reuse. The director of applications at a financial services company shared that their organization was in the process of adopting MuleSoft’s Experience Hub to document and publish APIs for external consumption.
Reuse. With MuleSoft, interviewees reported that their organizations experienced an average reuse rate of 43% for existing integration and API assets. This allowed them to avoid building unique APIs and integrations for each individual system, application, or use case, helping them not only reduce upfront development work but also minimize ongoing efforts to manage and secure them.
Modeling and assumptions. Based on the interviews, Forrester assumes the following about the composite organization:
The composite organization allocates 2 hours per month to API and integration management, equating to 24 hours per year.
Due to reuse, the composite organization avoids building several APIs and integration assets each year, which also eliminates the need to manage those assets over time. The cumulative number of avoided assets is seven in Year 1, 48 in Year 2, and 122 in Year 3.
For existing APIs and integrations, MuleSoft’s tooling reduces ongoing management efforts by 70%.
The fully burdened hourly rate for a developer is $84.
The composite recaptures 80% of time savings productively.
Risks. Forrester recognizes that these results may not be representative of all experiences. The following factors may impact this benefit:
An organization’s prior environment, tooling, and time required for ongoing management of integrations and APIs before MuleSoft.
The number of APIs and integrations built and managed.
The extent to which an organization designs APIs and integrations for reuse.
The variation in developer salaries.
The likelihood that an organization recaptures time savings productively.
Results. To account for these risks, Forrester adjusted this benefit downward by 10%, yielding a three-year, risk-adjusted total PV (discounted at 10%) of $605,000.
Reduction in ongoing management effort
| Ref. | Metric | Source | Year 1 | Year 2 | Year 3 | |
|---|---|---|---|---|---|---|
| B1 | Time required for ongoing management in prior environment per API or integration (hours) | Composite | 24 | 24 | 24 | |
| B2 | Cumulative avoided integrations and APIs built due to reuse | Y1:A7; Y2&3: A7+ B2PY | 7 | 48 | 122 | |
| B3 | Subtotal: Avoided ongoing management hours due to reuse | B1*B2 | 168 | 1,152 | 2,928 | |
| B4 | Cumulative integrations and APIs managed | Composite | 90 | 165 | 240 | |
| B5 | Reduction in ongoing management effort | Interviews | 70% | 70% | 70% | |
| B6 | Subtotal: Avoided ongoing management time due to MuleSoft tooling (hours) | B1*B4*B5 | 1,512 | 2,772 | 4,032 | |
| B7 | Fully burdened hourly rate for a developer | Composite | $84 | $84 | $84 | |
| B8 | Productivity recapture | TEI Methodology | 80% | 80% | 80% | |
| Bt | Improved developer productivity through reduced ongoing management efforts | (B3+B6)*B7*B8 | $112,896 | $263,693 | $467,712 | |
| Risk adjustment | ↓10% | |||||
| Btr | Improved developer productivity through reduced ongoing management efforts (risk-adjusted) | $101,606 | $237,324 | $420,941 | ||
| Three-year total: $759,871 | Three-year present value: $604,764 | |||||
Evidence and data. Interviewees shared that MuleSoft helped their organizations accelerate time to market for new digital capabilities and third-party integrations. By shortening development timelines through reusable assets and MuleSoft tooling, organizations could respond to business needs more quickly. This enabled faster product and service launches, quicker new market entry, and improved sales and service experiences, which ultimately helped their organizations realize outcomes, like improved sales, sooner. They shared the following experiences:
The director of software engineering at a financial services company reported that MuleSoft played a pivotal role in improving time to market for new revenue-driving digital capabilities and client integrations. With MuleSoft, the organization avoided redundant development work by leveraging reusable APIs, leading to an estimated tenfold acceleration in time to market. This helped the organization improve its digital offerings and provide integrations to clients, contributing to hundreds of millions of dollars in new deposits and the ability to win and retain clients. They said: “In our space, there’s traditionally been limited connectivity, but once we were able to offer those integrations, our sales teams could go out and sell our product and offer instant integrations that could let [clients access] their data. Last year, I think we brought in over $800 million in deposits. So it’s a significant chunk of revenue right there. We also had clients that were going to leave us and take their $130 million with them if we couldn’t provide integrations. We were able to meet that goal with MuleSoft.”
The CIO at a healthcare company shared that MuleSoft was instrumental in helping their organization quickly expand to new markets. With plans to expand services to several new states, the organization needed a scalable way to integrate health information and billing systems with external partners. By reusing core APIs for billing, eligibility, and health information exchanges, the organization avoided redundant integration work, reducing integration timelines from several months to as little as two weeks. This accelerated time to value allowed the organization to quickly meet integration requirements and operationalize care delivery in new regions, supporting the company’s growth initiatives.
The senior director of digital products at a healthcare organization also reported that MuleSoft accelerated time to value for integrations between its back-office systems and customer-facing and employee-facing tools, resulting in outcomes such as improved member conversion and retention. With MuleSoft, the organization could rapidly develop digital capabilities and integrations for sales and service operations. They shared that the improved connectivity enabled teams to produce more effective outreach campaigns and better serve prospects shopping for health plans, ultimately driving higher conversion rates. Additionally, customer service representatives gained better access to member history data, which reduced handling times and improved inquiry resolution, contributing to stronger member retention. They said: “With the use of MuleSoft, we’ve greatly accelerated how much faster those integrations can be created. … The benefits have flowed downstream in improving the sales and customer service experience. It’s improved our ability to serve prospects and others who are shopping for a plan, helping with conversion and retention.”
Modeling and assumptions. Based on the interviews, Forrester assumes the following about the composite organization:
One-quarter of the composite organization’s APIs and integrations drive revenue by powering new digital products, services, and third-party integration capabilities.
Each API and integration drives annual revenue of $5 million ($416,700 per month).
Prior to adopting MuleSoft, the average time to market for launching a new API or integration was four months.
With MuleSoft, time to market improves by 40%, enabling the composite organization to capture revenue sooner.
The organization has an operating profit margin of 12%, which is applied to calculate the incremental profit from accelerated revenue capture.
Risks. Forrester recognizes that these results may not be representative of all experiences. The following factors may impact this benefit:
The number of APIs and integrations that drive revenue, and the degree to which they do so.
Actual time to market for launching new digital products, services, or third-party integrations prior to MuleSoft, which factors beyond API and integration development may influence, such other business processes and departments involved in delivering new products or services.
An organization’s operating profit margin.
External factors such as demand, pricing strategies, and customer adoption rates, which may influence the revenue that APIs and integrations generate.
Results. To account for these risks, Forrester adjusted this benefit downward by 20%, yielding a three-year, risk-adjusted total PV (discounted at 10%) of $3.0 million.
Improved time to market
| Ref. | Metric | Source | Year 1 | Year 2 | Year 3 | |
|---|---|---|---|---|---|---|
| C1 | Revenue-generating APIs and integrations launched per year | A1*.25 | 19 | 19 | 19 | |
| C2 | Revenue contribution per revenue-generating API or integration (monthly) | Interviews | $416,700 | $416,700 | $416,700 | |
| C3 | Average time to market prior to MuleSoft (months) | Interviews | 4 | 4 | 4 | |
| C4 | Acceleration to market attributable to MuleSoft | Interviews | 40% | 40% | 40% | |
| C5 | Incremental revenue from accelerated time to market | C1*C2*C3*C4 | $12,667,680 | $12,667,680 | $12,667,680 | |
| C6 | Profit margin | Composite | 12% | 12% | 12% | |
| Ct | Incremental profit from improved time to market | C5*C6 | $1,520,122 | $1,520,122 | $1,520,122 | |
| Risk adjustment | ↓20% | |||||
| Ctr | Incremental profit from improved time to market (risk-adjusted) | $1,216,098 | $1,216,098 | $1,216,098 | ||
| Three-year total: $3,648,294 | Three-year present value: $3,024,256 | |||||
Evidence and data. Interviewees shared that MuleSoft played a role in improving operational efficiency across a range of business functions. By connecting systems of record and business applications, the interviewee’s organizations reduced manual information searching, automated workflows, and ultimately enhanced staff productivity. They shared the following experiences:
The CTO at a healthcare company shared that their organization saved more than 5,000 hours of work annually by automating patient intake and billing processes. Before MuleSoft, administrators and nurses had to swivel-chair between different applications to find, enter, and validate data related to patients and insurance. By adopting MuleSoft, the organization improved interoperability between electronic medical records systems and applications used for patient care and billing, automating manual data entry and validation work. This not only streamlined processes but also freed up staff to focus on patient care.
The director of applications and the VP of digital banking at a financial services company highlighted how integrations through MuleSoft drove efficiency and labor savings for customer communication processes and service operations. Prior to MuleSoft, their organization relied on manual processes to generate and send customer statements. With MuleSoft, the company integrated backend systems with digital channels, enabling it to automate customer statement processes and provide more timely communications. Similarly, customer service staff experienced improved access to data within the organization’s contact center solution, allowing them to quickly find relevant case information and serve customers more efficiently.
The senior director of digital products at a healthcare company also highlighted that MuleSoft drove efficiencies for staff including customer service representatives and campaign managers. Integrating customer record systems with staff-facing tools made relevant customer data, including historical activity, claim history, and member information, more easily accessible. This improved efficiency by reducing the need to navigate multiple systems to find information. The interviewee shared that this led to efficiency gains for customer service reps, including reduced handling times and higher first call resolution. It also enhanced operational efficiency for campaign teams by making reporting and insights more readily consumable.
Modeling and assumptions. Based on the interviews, Forrester assumes the following about the composite organization:
The composite organization has 15,000 employees, with 50%, 60%, and 70% experiencing workflow automation enabled by MuleSoft APIs and integrations in Year 1, Year 2, and Year 3, respectively.
Each impacted employee conservatively experiences 30 minutes of time savings per week due to workflow automation.
The average fully burdened hourly rate for an employee is $47.
The composite recaptures 25% of time savings productively.
Risks. Forrester recognizes that these results may not be representative of all experiences. The following factors may impact this benefit:
The number of employees impacted by APIs and integrations.
The actual impacted workflows and the extent of the time savings.
The variation in salaries across employees.
The extent to which an organization recaptures time savings productively.
Results. To account for these risks, Forrester adjusted this benefit downward by 15%, yielding a three-year, risk-adjusted total PV (discounted at 10%) of $5.8 million.
| Ref. | Metric | Source | Year 1 | Year 2 | Year 3 | |
|---|---|---|---|---|---|---|
| D1 | Employees | Composite | 15,000 | 15,000 | 15,000 | |
| D2 | Percentage of employees impacted by MuleSoft integrations and APIs | Composite | 50% | 60% | 70% | |
| D3 | Time saved per week per impacted employee due to better data source integration with MuleSoft (hours) | Interviews | 0.50 | 0.50 | 0.50 | |
| D4 | Fully burdened hourly rate for an employee | Composite | $47 | $47 | $47 | |
| D5 | Productivity recapture | TEI Methodology | 25% | 25% | 25% | |
| Dt | Operational efficiency improvement | D1*D2*D3*D4*D5*52 weeks | $2,291,250 | $2,749,500 | $3,207,750 | |
| Risk adjustment | ↓15% | |||||
| Dtr | Operational efficiency improvement (risk-adjusted) | $1,947,563 | $2,337,075 | $2,726,588 | ||
| Three-year total: $7,011,226 | Three-year present value: $5,750,505 | |||||
Interviewees mentioned the following additional benefits that their organizations experienced but were not able to quantify:
Performance improvements. Interviewees highlighted that MuleSoft improved reliability, reporting minimal downtime and, in one case, a significant improvement in app scalability. The senior director of digital products for a healthcare organization shared: “We have very strong performance and little downtime with MuleSoft. There are a few instances I can think of when a source system had downtime and they were not directly attributable to MuleSoft.” The director of software engineering at a financial services company said that their organization saw a significant boost in performance for a revenue-generating application after migrating from its legacy integration architecture to MuleSoft APIs. They shared that previously, the application was slow and resource constrained due to tightly coupled integrations, which limited scalability and prevented the business from selling access to new clients. With MuleSoft, they saw performance improve by 20 times, enabling the application to become a sellable product again.
Security and compliance management. Forrester’s research finds that organizations are increasing their adoption of APIs to create new products, partnerships, and revenue streams, and this expansion provides an attractive attack surface that technology leaders must fully address.4 Interviewees shared that MuleSoft helped their organizations manage security controls and handle compliance requirements, such as those for HIPAA, personally identifiable information, and GDPR. By centralizing policy enforcement, MuleSoft reduced the burden of manual oversight and improved visibility into API activity, allowing teams to maintain control while scaling their API footprints.
Developer experience improvements. The director of software engineering at a financial services company said that adopting MuleSoft helped their organization modernize its development practices, empowering developers to work more efficiently and adopt a modern, automated software development lifecycle. Additionally, the senior director of digital products at a healthcare company said that using MuleSoft freed developers to focus on higher-value work beyond just building integrations and APIs.
The value of flexibility is unique to each customer. There are multiple scenarios in which a customer might implement MuleSoft and later realize additional uses and business opportunities, including:
Direct API monetization. Although the interviewees’ organizations monetized their APIs indirectly by powering new digital products and services, the interviewees at financial services companies said they saw potential to directly monetize APIs in the future. The director of software engineering at the financial services company explained: “Once we expand our opening banking capabilities and expose specific endpoints to people who want to use them, it creates another revenue stream because now we can charge for that data. Banks do a lot of file exchange, but if they want real-time data, they’ll have to pay a certain amount to access these APIs. And so we’re starting to turn that into a revenue stream as well.”
Agentforce enablement. Two interviewees noted that their organizations were in the process of building out or ideating on use cases with Agentforce and that MuleSoft would play a key role in integrating the data sources required for their agents. The VP of IT at a pharmaceutical company explained that their organization was building out a proof of concept with Agentforce for contract management. They shared that MuleSoft acted as the integration layer between the organization’s document management platform and Salesforce Data Cloud, enabling Agentforce to access large volumes of unstructured data, such as PDFs and other documents, for use in agentic workflows. The CIO at a healthcare company shared that their organization was ideating on a variety of Agentforce use cases to automate manual administrative tasks such as chart preparation and discharge summaries. They shared that MuleSoft’s connectors for health information exchanges would be essential to enabling those use cases.
Flexibility would also be quantified when evaluated as part of a specific project (described in more detail in Total Economic Impact Approach).
| Ref. | Cost | Initial | Year 1 | Year 2 | Year 3 | Total | Present Value |
|---|---|---|---|---|---|---|---|
| Etr | MuleSoft costs | $0 | $396,000 | $726,000 | $1,056,000 | $2,178,000 | $1,753,388 |
| Ftr | Implementation, training, and ongoing management | $566,544 | $9,240 | $11,550 | $13,860 | $601,194 | $594,903 |
| Total costs (risk-adjusted) | $566,544 | $405,240 | $737,550 | $1,069,860 | $2,779,194 | $2,348,291 |
Evidence and data. Costs for MuleSoft are based on the edition purchased and optional add-ons, which bundle integration, automation, and/or API management capabilities. Each edition includes a defined level of consumption and organizations can purchase additional credits if usage exceeds consumption thresholds. Pricing may vary. Contact MuleSoft for additional details.
Modeling and assumptions. Based on the interviews, Forrester assumes the following about the composite organization:
The composite organization incurs $360,000, $660,000, and $960,000 in MuleSoft licensing costs in Year 1, Year 2, and Year 3, respectively.
Risks. Forrester recognizes that these results may not be representative of all experiences. The impact of this cost will vary depending on the following:
Pricing factors including licensing editions, add-ons, and discounts.
The scope of an organization’s MuleSoft usage over time.
Results. To account for these risks, Forrester adjusted this cost upward by 10%, yielding a three-year, risk-adjusted total PV (discounted at 10%) of $1.8 million.
| Ref. | Metric | Source | Initial | Year 1 | Year 2 | Year 3 |
|---|---|---|---|---|---|---|
| E1 | MuleSoft costs | Interviews | $360,000 | $660,000 | $960,000 | |
| Et | MuleSoft costs | E1 | $360,000 | $660,000 | $960,000 | |
| Risk adjustment | ↑10% | |||||
| Etr | MuleSoft costs (risk-adjusted) | $0 | $396,000 | $726,000 | $1,056,000 | |
| Three-year total: $2,178,000 | Three-year present value: $1,753,388 | |||||
Evidence and data. The interviewee’s organizations incurred costs in the following areas:
Implementation. Interviewees reported implementation periods ranging from two months to 10 months. The implementation process typically involved provisioning the MuleSoft platform and developing foundational integrations and APIs. Core implementation teams were generally composed of four to six key resources, including solution architects, product managers, and platform engineers, supported by broader development teams. Most organizations also partnered with a systems integrator (SI).
Training. Interviewees estimated that the time required for a new developer for MuleSoft-specific onboarding and training could be between three business days and two weeks. However, many noted that they would likely plan to hire developers with existing MuleSoft experience in the future, which could significantly reduce training requirements.
Ongoing management. Interviewees reported that MuleSoft required minimal ongoing effort to maintain and their organizations typically distributed management responsibilities across existing teams. The director of applications at a financial services company explained: “My support team starts off their day with a checklist. So they come in to do a few checks and look at different dashboards to ensure that the systems are up and running.”
Modeling and assumptions. Based on the interviews, Forrester assumes the following about the composite organization:
The fully burdened hourly rate for a resource involved in implementation, training, and ongoing management is $84.
During the initial implementation period, the organization invests 2,200 hours in deploying MuleSoft and building foundational integrations and APIs.
The organization engages an SI during the initial phase, incurring a one-time cost of $300,000.
Each of the 15 developers participates in 24 hours of training on MuleSoft during the initial period.
Developers spend 100, 125, and 150 hours annually on ongoing management in Year 1, Year 2, and Year 3, respectively.
Risks. Forrester recognizes that these results may not be representative of all experiences. The impact of this cost will vary depending on the following:
The variation in developer salaries.
The scope and complexity of an organization’s API and integration needs.
The need for external SI support and variation in associated costs.
Developer skill sets and the time required to become effective in using MuleSoft.
Results. To account for these risks, Forrester adjusted this cost upward by 10%, yielding a three-year, risk-adjusted total PV (discounted at 10%) of $595,000.
| Ref. | Metric | Source | Initial | Year 1 | Year 2 | Year 3 |
|---|---|---|---|---|---|---|
| F1 | Fully burdened hourly rate for an FTE involved in implementation, training, and ongoing management | Composite | $84 | $84 | $84 | $84 |
| F2 | MuleSoft implementation effort time (hours) | Interviews | 2,200 | |||
| F3 | Implementation SI costs | Interviews | $300,000 | |||
| F4 | Subtotal: Implementation costs | (F1*F2)+F3 | $484,800 | |||
| F5 | Resources participating in training | Interviews | 15 | |||
| F6 | Training time per user (hours) | Interviews | 24 | |||
| F7 | Subtotal: Training costs | F1*F5*F6 | $30,240 | $0 | $0 | $0 |
| F8 | Time dedicated to ongoing management (hours) | Interviews | 100 | 125 | 150 | |
| F9 | Subtotal: Ongoing management | F1*F8 | $8,400 | $10,500 | $12,600 | |
| Ft | Implementation, training, and ongoing management | F4+F7+F9 | $515,040 | $8,400 | $10,500 | $12,600 |
| Risk adjustment | ↑10% | |||||
| Ftr | Implementation, training, and ongoing management (risk-adjusted) | $566,544 | $9,240 | $11,550 | $13,860 | |
| Three-year total: $601,194 | Three-year present value: $594,903 | |||||
| Initial | Year 1 | Year 2 | Year 3 | Total | Present Value | |
|---|---|---|---|---|---|---|
| Total costs | ($566,544) | ($405,240) | ($737,550) | ($1,069,860) | ($2,779,194) | ($2,348,291) |
| Total benefits | $0 | $4,007,827 | $5,018,577 | $6,062,947 | $15,089,351 | $12,346,246 |
| Net benefits | ($566,544) | $3,602,587 | $4,281,027 | $4,993,087 | $12,310,157 | $9,997,955 |
| ROI | 426% | |||||
| Payback | <6 months |
The financial results calculated in the Benefits and Costs sections can be used to determine the ROI, NPV, and payback period for the composite organization’s investment. Forrester assumes a yearly discount rate of 10% for this analysis.
These risk-adjusted ROI, NPV, and payback period values are determined by applying risk-adjustment factors to the unadjusted results in each Benefit and Cost section.
The initial investment column contains costs incurred at “time 0” or at the beginning of Year 1 that are not discounted. All other cash flows are discounted using the discount rate at the end of the year. PV calculations are calculated for each total cost and benefit estimate. NPV calculations in the summary tables are the sum of the initial investment and the discounted cash flows in each year. Sums and present value calculations of the Total Benefits, Total Costs, and Cash Flow tables may not exactly add up, as some rounding may occur.
From the information provided in the interviews, Forrester constructed a Total Economic Impact™ framework for those organizations considering an investment in MuleSoft.
The objective of the framework is to identify the cost, benefit, flexibility, and risk factors that affect the investment decision. Forrester took a multistep approach to evaluate the impact that MuleSoft can have on an organization.
Interviewed MuleSoft stakeholders and Forrester analysts to gather data relative to MuleSoft.
Interviewed seven decision-makers at organizations using MuleSoft to obtain data about costs, benefits, and risks.
Designed a composite organization based on characteristics of the interviewees’ organizations.
Constructed a financial model representative of the interviews using the TEI methodology and risk-adjusted the financial model based on issues and concerns of the interviewees.
Employed four fundamental elements of TEI in modeling the investment impact: benefits, costs, flexibility, and risks. Given the increasing sophistication of ROI analyses related to IT investments, Forrester’s TEI methodology provides a complete picture of the total economic impact of purchase decisions. Please see Appendix A for additional information on the TEI methodology.
Benefits represent the value the solution delivers to the business. The TEI methodology places equal weight on the measure of benefits and costs, allowing for a full examination of the solution’s effect on the entire organization.
Costs comprise all expenses necessary to deliver the proposed value, or benefits, of the solution. The methodology captures implementation and ongoing costs associated with the solution.
Flexibility represents the strategic value that can be obtained for some future additional investment building on top of the initial investment already made. The ability to capture that benefit has a PV that can be estimated.
Risks measure the uncertainty of benefit and cost estimates given: 1) the likelihood that estimates will meet original projections and 2) the likelihood that estimates will be tracked over time. TEI risk factors are based on “triangular distribution.”
The present or current value of (discounted) cost and benefit estimates given at an interest rate (the discount rate). The PV of costs and benefits feed into the total NPV of cash flows.
The present or current value of (discounted) future net cash flows given an interest rate (the discount rate). A positive project NPV normally indicates that the investment should be made unless other projects have higher NPVs.
A project’s expected return in percentage terms. ROI is calculated by dividing net benefits (benefits less costs) by costs.
The interest rate used in cash flow analysis to take into account the time value of money. Organizations typically use discount rates between 8% and 16%.
The breakeven point for an investment. This is the point in time at which net benefits (benefits minus costs) equal initial investment or cost.
Total Economic Impact is a methodology developed by Forrester Research that enhances a company’s technology decision-making processes and assists solution providers in communicating their value proposition to clients. The TEI methodology helps companies demonstrate, justify, and realize the tangible value of business and technology initiatives to both senior management and other key stakeholders.
| Ref. | Metric | Source | Initial | Year 1 | Year 2 | Year 3 |
|---|---|---|---|---|---|---|
| R1 | Total employees | Composite | 15,000 | 15,000 | 15,000 | 15,000 |
| R2 | Developers using MuleSoft | Composite | 15 | 15 | 15 | 15 |
| R3 | Annual revenue | Composite | $7,500,000,000 | $7,500,000,000 | $7,500,000,000 | $7,500,000,000 |
| R4 | Fully burdened hourly rate for a developer | Composite | $84 | $84 | $84 | $84 |
| R5 | Fully burdened hourly rate for a general employee | Composite | $47 | $47 | $47 | $47 |
| R6 | Operating profit margin | Research data | 12% | 12% | 12% | 12% |
| R7 | New integrations built | Composite | 5 | 30 | 30 | 30 |
| R8 | New APIs built | Composite | 10 | 45 | 45 | 45 |
| R9 | APIs and integrations built | R7+R8 | 15 | 75 | 75 | 75 |
| R10 | Cumulative APIs and integrations | Initial: R9; Y1, Y2, Y3: R10PY + R9 |
15 | 90 | 165 | 240 |
1 Source: API And Integration Data Overview: Forrester’s Developer Survey, 2023, Forrester Research, Inc., November 8, 2023; The Digital Leader’s API Primer, Forrester Research, Inc., January 31, 2023; The State Of AI Agents, 2024, Forrester Research, Inc., October 3, 2024; AI Agents: Ready For Enterprises, And Moving Toward Autonomy, Forrester Research, Inc., July 8, 2025.
2 Total Economic Impact is a methodology developed by Forrester Research that enhances a company’s technology decision-making processes and assists solution providers in communicating their value proposition to clients. The TEI methodology helps companies demonstrate, justify, and realize the tangible value of business and technology initiatives to both senior management and other key stakeholders.
3 HL7 refers to the Health Level Seven International standards development organization, which defines a set of standards for transporting and communicating healthcare information.
4 Source: The Eight Components Of API Security, Forrester Research, Inc., May 27, 2025.
Readers should be aware of the following:
This study is commissioned by MuleSoft and delivered by Forrester Consulting. It is not meant to be used as a competitive analysis.
Forrester makes no assumptions as to the potential ROI that other organizations will receive. Forrester strongly advises that readers use their own estimates within the framework provided in the study to determine the appropriateness of an investment in MuleSoft. For any interactive functionality, the intent is for the questions to solicit inputs specific to a prospect’s business. Forrester believes that this analysis is representative of what companies may achieve with MuleSoft based on the inputs provided and any assumptions made. Forrester does not endorse MuleSoft or its offerings. Although great care has been taken to ensure the accuracy and completeness of this model, MuleSoft and Forrester Research are unable to accept any legal responsibility for any actions taken on the basis of the information contained herein. The interactive tool is provided ‘AS IS,’ and Forrester and MuleSoft make no warranties of any kind.
MuleSoft reviewed and provided feedback to Forrester, but Forrester maintains editorial control over the study and its findings and does not accept changes to the study that contradict Forrester’s findings or obscure the meaning of the study.
MuleSoft provided the customer names for the interviews but did not participate in the interviews.
Kara Luk
October 2025
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