Global Integrated Systems Market 2024-2033: Demand, Outlook & Market Trends

The integrated systems market size has grown rapidly in recent years. It will grow from $25.24 billion in 2023 to $29.3 billion in 2024 at a compound annual growth rate (CAGR) of 16.1%. The growth in the historic period can be attributed to expanding digital transformation, cloud-specific spending is growing, expanding broadband infrastructure, benefits of increasing productivity, helps to reduce IT management cost.

The integrated systems market size is expected to see rapid growth in the next few years. It will grow to $53.66 billion in 2028 at a compound annual growth rate (CAGR) of 16.3%. The growth in the forecast period can be attributed to increase in the demand for system integration services, development of software-defined vehicles, rise in demand for distributed information technology (IT) solutions, increasing adoption of cloud computing, increasing need for automation technologies. Major trends in the forecast period include technological advancements, the widespread adoption of integrated systems, need for hyper-converged infrastructure, rise in use of software-defined solutions, product innovations.

Market Overview -
Integrated systems refer to interconnected networks or components that work together as a unified whole to perform specific functions or tasks efficiently. These systems integrate various components, technologies, or processes to create a unified solution that offers enhanced efficiency, performance, and functionality compared to individual components or disparate systems.

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Cloud Computing Driving Growth In Integrated Systems Market
The increasing adoption of cloud computing is expected to propel the growth of the integrated systems market going forward. Cloud computing is the delivery of computing services, including servers, storage, databases, networking, software, analytics, and intelligence, over the internet to offer faster innovation, flexible resources, and economies of scale. The increasing adoption of cloud computing can be attributed to its ability to offer scalable, cost-effective, and flexible solutions for storage, processing, and access to data and applications over the internet. Cloud computing uses integrated systems to streamline operations and optimize performance by seamlessly combining hardware, software, networking, and storage resources, resulting in enhanced scalability, reliability, and efficiency for delivering services over the internet. For instance, in January 2024, according to AAG IT Services Ltd., a UK-based information technology and services company, the 12-month revenues between the start of 2021 and 2022 for cloud infrastructure services reached $191 billion. Additionally, AWS had the largest market share of cloud infrastructure services at 33% in Q1 2022. Therefore, the increasing adoption of cloud computing is driving the growth of the integrated systems market.

Competitive Landscape -
Major companies operating in the integrated systems market are Amazon.com Inc., Samsung Electronics Co., Ltd., Microsoft Corporation, Verizon Communications Inc., Dell Technologies Inc., Huawei Technologies Co. Ltd., Hitachi Ltd., Panasonic Corporation, Intel Corporation , Accentur*e plc, International Business Machines Corporation, Deloitte Touche Tohmatsu Limited, Cisco Systems Inc., Oracle Corporation, SAP SE, Hewlett-Packard Enterprise Company, Fujitsu Limited, Telefonaktiebolaget LM Ericsson, BAE Systems plc, Tata Consultancy Services Limited, Johnson Controls International PLC, NEC Corporation, Capgemini SE, Cognizant Technology Solutions Corp., ZTE Corporation, Infosys Limited, Telstra Corporation Ltd

Advancements In Integrated Systems Market Focus On Room Visualization And Integration Solutions
Major companies operating in the integrated systems market are prioritizing advancements, such as the room visualization and integration solution, to enhance operational efficiency, streamline workflows, and improve overall patient care delivery. This integration system enables hardware expansion and software module additions over time, offering benefits like AVoIP solutions, seamless integration with EHR vendors, flexibility for multiple specialties, 4K video routing, and interoperability between medical devices. For instance, in July 2023, Olympus Corporation, a Japan-based medical technology company, launched the EasySuite ES-IP system, which is a modular, scalable, and workflow-based integration solution. This system is a procedure room visualization and integration solution that aims to enhance patient care by providing intelligent integrated solutions and features in the Olympus digital hub, providing flexibility to run current software applications and potential future multi-specialty applications.

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Key Segments -
The integrated systems market covered in this report is segmented -
1) By Product: Integrated Platform Or Workload Systems, Integrated Infrastructure Systems
2) By Service: Integration And Installation, Consulting, Maintenance And Support
3) By End-User: Banking, Financial Services And Insurance (BFSI), Information Technology(IT) And Telecom, Retail, Manufacturing, Healthcare, 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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