Press release
Integrated Systems Market Report 2024-2033: Size, Growth Trends & Forecast Analysis
Integrated Systems Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $53.66 Bn In 2028 At A CAGR Of 16.3% :
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.
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Integrated Systems Market Major 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 Driver - 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.
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Prominent Trend - 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.
Integrated Systems Market Players
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
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Largest And Fastest Growing Region In The Market
North America was the largest region in the integrated systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the integrated systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Integrated Systems Market Report Structure
3. Integrated Systems Market Trends And Strategies
4. Integrated Systems Market - Macro Economic Scenario
5. Integrated Systems Market Size And Growth
…..
27. Integrated Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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