Press release
System Integration Market Key Players by 2024: HCL Technologies, HP, Huawei Technologies, IBM, Infosys, Oracle, NTT DATA Services, Fujitsu Global, Unisys, VCE, GTL Limited, Accenture, Capgemini, Cisco, CSC, Dell, Deloitte, Dell EMC
System Integration Market
Among the various segments that contribute toward system integration market growth, integrated building management system would require a special mention. Technological developments in the system integration industry have led integrated buildings to be able to maintain heating/cooling and even support energy conservation, monitor individual power supplies and initiate emergency response.
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According to the research conducted by the American Society of Heating, Refrigerating and Air-Conditioning Engineers, investing in an integrated building management system can improve the productivity of employees and occupants and save more than 14% in annual costs measured in lost productivity.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. HCL Technologies
2. HP
3. Huawei Technologies
4. IBM
5. Infosys
6. Oracle
7. NTT DATA Services
8. Fujitsu Global
9. Unisys
10. VCE
11. GTL Limited
12. Accenture
13. Capgemini
14. Cisco
15. CSC
16. Dell
17. Deloitte
18. Dell EMC
Among other major end users of system integration services, it would be imperative to mention the banking, financial services, and insurance (BFSI) sector. The rising demand for online banking and mobile applications will ensure that the BFSI domain emerges as a vital growth ground for system integration market in the ensuing years. The situation is also mainly attributed to the fact that banks majorly require these services to lower ownership costs, improve business processes, mitigate risks, and increase operational efficiency.
The high initial costs associated with using these services and the lack of the appropriate broadband infrastructure and network are some of the major factors that might hinder the growth of system integration market. SMEs for instance, are a severely restricted financial budget and hence have difficulty in accessing this facility. However, highly skilled labor has been helping to lower the overall costs of these services and is anticipated to drive system integration industry demand in the long term.
System integration market has garnered a rather commendable acclaim over the past few years. The emergence of high-grade technological solutions such as IoT and big data has come on the heels of the overall growth potential of the global system integration industry. Moreover, the rising necessity to assimilate existing systems with the latest technologies to create a seamless coordinated system has further favored the growth of this business sphere.
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