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System Integrator Market Size, Regional Overview, Competitive Landscape, Business Growth, Share Analysis And Forecast To 2033
System Integrator Market Size
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According to The Business Research Company's, The system integrator market size has grown strongly in recent years. It will grow from $37.57 billion in 2023 to $39.76 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to increasing complexity of it environments, demand for customized solutions, business process optimization, legacy system integration, compliance and regulatory requirements.
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).
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Market Drivers and Trends:
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.
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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Major Key Players of the Market:
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.
System Integrator Market 2024 Key Insights:
• 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%.
• Rapid Surge In Industrial Robot Adoption Is A Catalyst For System Integrator Market Growth
• Revolutionizing System Integration With The IBM Z And Cloud Modernization Center
• North America was the largest region in the system integrator market in 2023
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