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System Integration Market - Segment which Held the Share of 28.2% of the Total Application Boost Growth

08-03-2018 05:23 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research Technology

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The global system integration market was valued at USD 191.36 billion in 2013 and is expected to reach USD 377.59 billion by 2020, growing at a CAGR of 10.9% during the forecast period from 2014 to 2020. In terms of revenue, North America was the largest regional market for system integration which accounted for 33.0% of the total system integration market in 2013. Asia Pacific is expected to be the fastest growing regional market for system integration during the forecast period, growing at a CAGR of 13.5% from 2014 to 2020.

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The global system integration market is expected to be driven by high investment in information technology (IT) infrastructure boosting the demand for integrated systems, emerging technologies such as cloud and big data analytics and high investment in automation solutions.

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Despite these driving forces, high implementation cost and time and less number of integration standards in IT domain are some restraining factors for the growth of system integration market. Today, local firms are aiming to go global and global firms are looking forward to penetrate deeper in the market.

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