Press release
System Integration Market Forecasts Key Players 2018-2024: Dell, Cisco Systems, Fujitsu, MuleSoft, Teradata Corporation, VCE, Orion System Integrators, IBM, Accenture, AGC Networks, Amergy, BERICON, Capgemini, CGI, Deloitte, Hewlett-Packard
System Integration Market
The large-scale technological advancements that affect businesses across the world, such as the increase in consumer and organizational data and the increasing automation in the various business processes, are causing companies to seek system integration market services. The rapid transition toward cloud solutions owing to their reduced costs, increased collaboration efficiency, and high flexibility they offer to its users contributes to the market growth during the forecast timeframe.
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System integration market segmentation by end-use indicates that the BFSI sector is anticipated to experience growth at a very rapid rate. Organizations operating in this sector are required to collect large amounts of consumer data of a very confidential nature. Moreover, the movement to the online platform and to mobile devices is providing impetus for the industry growth.
The rapid industrial growth in the industrial and manufacturing sector and the high growth of the number of SMEs, primarily in parts of South East Asia, is promoting the regional system integration market. Government initiatives in the form of subsidies, financial support, and expertise to regional players allow them to establish themselves and gain traction in the global marketplace. For instance, under the Make in India strategy, the government is providing a 25% grant to SMEs for the expenditure incurred on audit subject to a maximum of USD 1,500, which is anticipated to fuel the system integration market in the coming years.
System Integration Market is estimated to grow rapidly during the forecast period to 2024 owing to the emerging trends such as cloud computing and big data analytics. Companies operating in the retail and the BFSI sector are required to collect large amounts of confidential consumer and financial data causing them to adopt these services to sustain growth in the global marketplace. Organizations are rapidly modernizing their existing IT infrastructure to accommodate the rapid improvements occurring in the technological landscape.
System Integration Market size was estimated at over USD 250 billion in 2016 and is set to exceed USD 450 billion by 2024.
Growth Drivers:
• Growth of cloud computing solutions in the U.S. and Western Europe
• Increase in organizational and consumer data in Europe and Asia Pacific
• High growth of SMEs and industrialization boom in China and India
• Rising demand for outsourced services in the U.S. and UK
• Large shift towards automation technologies in the manufacturing industry in South East Asia
• Increase in mobile penetration and broadband infrastructure in South East Asia
• Technological advancements in Philippines drives the demand for professional services
• Digital transformation boom in Malaysia and India couple with government investments drives the system integration market
• Rising IT spend in UAE
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End-use segmentation of the system integration market indicates that the BFSI and the IT and telecom sectors are expected to dominate in terms of market size during the forecast timeframe. This is due to the increasing proliferation of cloud technologies, Bring-Your-Own-Device (BYOD) trends, and the influx of consumer data, such as financial and personal consumer information. The government and utilities sector are anticipated to exhibit growth during the forecast timeframe. This demand is due to the rising government focus, primarily in Germany and UK, on the deployment of smart grids and the movement towards sustainable, non-conventional power solutions causing the adoption of system integration services such as building management systems, data integration, and security management systems by authorized service providers.
The system integration market in the Asia Pacific region is expected to witness high growth during the forecast timeframe owing to the increase in the number of SMEs and the provision of low cost service offerings in the region. Countries such as Philippines and India are hubs of consulting and outsourcing activities. This comprise large pools of highly skilled workforce with low hourly wages, allowing foreign players to adopt these services.
The system integration market comprises of players such as Dell Inc., Cisco Systems Inc., Fujitsu Ltd, MuleSoft, Teradata Corporation, VCE, Orion System Integrators, IBM Corporation, Accenture, AGC Networks Ltd., Amergy, ASI System Integration, BERICON, Capgemini, CGI Group, Deloitte and Hewlett-Packard.
Browse key industry insights spread across 250 pages with 259 market data tables & 41 figures & charts from the report, “System Integration Market Size By Service (Infrastructure Integration [Building Management Systems (BMS), Integrated Communication, Data Centre Infrastructure Management (DCIM), Network Integration, Cloud Integration], Application Integration [Application Lifecycle Management (ALM), Data Integration, Integrated Security Software, Integrated Social Software], Consulting), By End-use (IT & Telecom, BFSI, Healthcare, Retail, Manufacturing, Energy & Utility), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Russia, Poland, China, India, Japan, South Korea, Australia, Singapore, Malaysia, Thailand, Philippines, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Application Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/system-integration-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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