System Integration Market to cross $450bn by 2024 | Key Players are IBM, Infosys, Oracle, NTT DATA Services, Fujitsu Global, Unisys, VCE, GTL Limited, Accenture, Capgemini, Cisco, CSC, Dell, Deloitte, Dell EMC, HCL Technologies, HP, Huawei Technologies
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According to Global Market Insights, Inc., System Integration Market size was estimated at over USD 250 billion in 2016 and is set to exceed USD 450 billion by 2024. High penetration of these solutions is fueled by the need of organizations to improve the efficiency and productivity of the various hardware and software systems that are functional within the organization. The increase in outsourcing activities, primarily by companies residing in the U.S. and Western Europe, to regions having low cost labor and raw materials, for instance India, is promoting the growth of the system integration market. Government bodies in these regions are further improving the existing broadband infrastructure providing a strong platform for the growth of the system integration market in the region.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. HCL Technologies
3. Huawei Technologies
7. NTT DATA Services
8. Fujitsu Global
11. GTL Limited
18. Dell EMC
In the recent years, the advent of Industry 4.0 and the rising prominence of IoT have mandated the interconnection of various disjointed hardware and software solutions throughout the organization. The system integration market demand is further amplified in larger companies or organizations having operations dispersed over a large geographical area to synchronize their various applications to function cohesively in a converged environment. This is done to reduce issues such as data duplication and redundancies. Additionally, the implementation of these solutions allows the organization to reduce the overall costs sustained by having multiple hardware and software applications from multiple vendors such as resource and space consumption and the need for running constant separate security checks.
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The U.S. system integration market is anticipated to dominate during the forecast timeframe owing to the high proliferation of advanced technologies such as data centers and cloud-based infrastructure. Favorable conditions in the U.S., such as a highly developed broadband infrastructure and the high penetration of automation and virtualization, are contributing to the large market size of the region.
The industrial boom in the Asia Pacific region, primarily in economies including India and the Philippines, is a major factor driving the growth of the market in this region. Furthermore, government initiatives, such as the Made in China 2025, are supporting the growth of SMEs and locally-produced technologies and services are fueling the growth. The low costs of raw materials, such as labor, electricity, and raw materials, are causing foreign players to outsource their activities such as consulting and business knowledge processing to players operating in the region.
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.
Browse key industry insights spread across 250 pages with 259 market data tables & 41 figures & charts from the report, System Integration Market in detail along with the table of contents:
System integration market by service indicates that the consulting segment is anticipated to witness a higher growth during the forecast timeframe. These services allow business owners to understand their requirements pertaining to the architecture and business process, help in staying ahead amidst the changing technological landscape, in testing and deployment, and in developing a business continuity and disaster recovery plan. These are essential in streamlining the existing business processes for the maximum efficiency.
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.
Top vendors in the system integration market include Accenture, AGC Networks Ltd., ASI System Integration, Inc., Capgemini, CGI, Cisco, CSC, Dell, Deloitte, Dell EMC, Fujitsu Global, GTL Limited, HCL Technologies, Hitachi, HP, Huawei Technologies, IBM, Infosys, MuleSoft, NTT DATA Services, Oracle, Orion Systems, ASI System Integration, Inc., Tech Mahindra, Teradata, Tieto, Trigent Software Inc, and Unisys,VCE.
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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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