Press release
The Market for System Integration is Predicted to grow at a CAGR of about 9% by 2030
System Integration Market
The implementation of 5G is predicted to greatly increase the need for operational and administrative support systems, which will fuel the expansion of the global system integration industry. Supporting on-demand data services, intelligent systems, and extremely fast speeds are the main objectives of 5G technology.
Infrastructure, business processes, and user interfaces will need to undergo a considerable redesign in order to use 5G technology. Therefore, it is projected that the adoption of 5G technology would result in a substantial demand for well-organized operations and business support systems with improved analytical, orchestration, and automation capabilities.
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This steady growth can be attributed to the high adoption of system integration systems among end users operating in IT and telecom, energy and utilities, manufacturing, and government and defense industry verticals.
Key Players:
The report has profiled some of the Important players prevalent in the global like - Capgemini, IBM, Cisco Systems, Inc., Cognizant, Fujitsu Limited, DXC Technology, HCL Technologies, Tata Consultancy Services, Wipro Limited, Deloitte, Infosys, and Tech Mahindra Limited and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the System Integration.
Key Takeaways from System Integration Market Study
• The market in Europe was the most dominant in 2019 in terms of value for system integration solutions and services.
• In the near future, the market in Latin America is expected to be one of the key markets for sustainable revenue generation from system integration solution and services deployments.
• End users operating in the IT and telecom industry are key contributors to the growth of the global system integration market. The industry is estimated to generate the highest incremental opportunity during the forecast period.
• Large enterprises are the primary contributors to the growth of the global market.
However, SMEs are estimated to record a faster rate of system integration adoption over the next ten years.
"Advancements in business operation monitoring and management systems are revolutionizing all industry verticals, in both, developed and developing nations. Technology providers have started making huge investments in Southeast Asia Pacific, Latin America, and the Middle East and Africa regional markets in order to keep up with the rising demand for efficient business management systems," says a PMR analyst.
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Focus of Key Market Players on Technological Innovation
Some of the key players operating in the global system integration market are Capgemini, IBM, Cisco Systems, Inc., Cognizant, Fujitsu Limited, DXC Technology, HCL Technologies, Tata Consultancy Services, Wipro Limited, Deloitte, Infosys, and Tech Mahindra Limited. These market participants captured approximately 72% of the global system integration market in 2019. Some of the key strategies incorporated by vendors leading the global system integration market are:
• Gaining technological expertise and enhancing market attractiveness by acquiring and merging with other key participants
• Launching innovative solutions to improve portfolio of customer relationship management software and applications
• Harnessing next-generation automation technologies in order to sustain in the competitive business environment
What Does the Future Hold?
Rising demand for networking and network management solutions and services is being observed with increasing demand for Big Data analytics, machine-to-machine technology, and virtualization features among global industry verticals. System integration solution and service providers are making huge investments to develop their advanced operations and business support system portfolios, aimed at catering to system integration demand being generated, owing to rising requirement of such technologies.
Additionally, telecom service providers are moving toward cloud deployment, Network Function Virtualization (NFV), and Software-defined Networking (SDN) technologies in order to monitor and manage critical operations and enable operators to compete in different end-use segments. Adoption of such trending and upcoming technologies is estimated to offer highly lucrative opportunities for revenue generation in the global system integration market during the forecast period.
Key Stakeholders
System Integration Market Manufacturers
System Integration Market Distributors/Traders/Wholesalers
System Integration Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Key Questions Answered in This Report.
What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
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Expert analysis, actionable insights, and strategic recommendations - the Electronics, Semiconductor, and ICT team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, and ICT, of which, 100+ reports are specific for ICT, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductor, and ICT industry.
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