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System Integrator Market Analysis 2024-2033: Market Size, Top Segments, Leading Region Forecast | Siemens AG, The International Business Machines Corporation, Mitsubishi Electric Corporation
System Integrator Global Market Report 2024
The system integrator market size is expected to see strong growth in the next few years. It will grow to $52.1 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to digital transformation initiatives, cloud integration services, IoT and edge computing integration, cybersecurity integration, global expansion and scalability. Major trends in the forecast period include integration of robotic process automation (RPA), hybrid it environment integration, collaboration tools integration for remote work, focus on scalability and flexibility, adoption of integration platforms as a service (IPaaS).
Market Overview -
A system integrator refers to the combination of hardware, software, networking, and storage solutions from many suppliers to create computer systems for clients. A systems integrator can help a corporation align cheaper, preset components and commercial off-the-shelf software to fulfil essential business goals, as opposed to more expensive, bespoke solutions that may involve original programming or the manufacture of unique components.
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Rapid Surge In Industrial Robot Adoption Is A Catalyst For System Integrator Market Growth
The increasing use of industrial robots for manufacturing is expected to propel the growth of the system integrator market. An industrial robot is a device that is designed to automate work manufacturing operations, which are required by a constantly moving assembly line. They are installed in fixed positions within an industrial facility. A robotic systems integrator analyzes manufacturing needs, provides custom solutions, and design, and then supports the robotic system. Additionally, the demand for automation solutions has also favored the demand for industrial robots in manufacturing. For instance, in October 2022 the International Federation of Robotics, a Germany-based non-profit organization said that 517,385 new industrial robots were installed in companies worldwide in 2021. This is a 31% year-on-year increase and outnumbers the pre-pandemic record of robot installation in 2018 by 22%. At present, the global fleet of operational robots has reached a new high of over 3.5 million units. Therefore, an increase in the adoption of industrial robots will drive the system integrator market.
Competitive Landscape -
Major companies operating in the system integrator market report are Siemens AG, The International Business Machines Corporation, Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Tata Consultancy Service Limited, Capgemini SA, Infosys Limited, Emerson Electric Co, Control4 Corporation, Delta Electronics Inc., Wipro Limited, Rockwell Automation Inc., Omron Corporation, Fanuc Corporation, Hexagon AB, John Wood Group plc, KUKA AG, Yokogawa Electric Corporation, ATS Automation Tooling Systems Inc., National Instruments Corporation, Beckhoff Automation GmbH & Co KG, Cognex Corporation, B&R Industrial Automation GmbH, INTECH Process Automation Inc., Burrow Global LLC, JR Automation Technologies LLC, L&T Technology Services Limited, MAVERICK Technologies LLC, Barry-Wehmiller Design Group Inc., Prime Controls LP, Avanceon Limited, Tesco Controls Inc.
Revolutionizing System Integration With The IBM Z And Cloud Modernization Center
Product innovations have emerged as a key trend gaining popularity in the system integrator market. Major companies operating in the market are advancing toward the use of cloud computing solutions for system integrator market. For instance, in December 2021, IBM Corporation, US based technology company, launched IBM Z and Cloud Modernization Center for acceleration of hybrid cloud. It serves as a digital portal to a large array of tools, training, resources, and ecosystem partners designed to assist IBM Z clients in accelerating the modernization of their apps, data, and processes in an open hybrid cloud architecture. Some of its features are business acceleration, developer productivity, infrastructure cost efficiency, regulatory, compliance, and security, as well as deployment flexibility.
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Key Segments -
The system integrator market covered in this report is segmented -
1) By Service Outlook: Hardware Integration Service, Software Integration Service, Consulting Service
2) By Technology: Human-Machine Interface (HMI), Supervisory Control And Data Acquisition (SCADA), Manufacturing Execution System (MES), Functional Safety System, Machine Vision Industrial, Robotics Industrial Pc, Industrial Internet Of Things (IIoT), Machine Condition Monitoring, Plant Asset Management
3) By End User: IT And Telecom, BFSI, Healthcare, Retail, Manufacturing, Energy And Utility, Other End-Users
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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