Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 378.52 Million | USD 1175.7 Million | 13.42% | 2023 |
According to Zion Market Research, the global System Integration Market was worth USD 378.52 Million in 2023. The market is forecast to reach USD 1175.7 Million by 2032, growing at a compound annual growth rate (CAGR) of 13.42% during the forecast period 2024-2032.
The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the System Integration industry over the next decade.
System integration is an ecosystem in which multiple systems are linked to a common platform, resulting in easy real-time data accessibility. Digitization and centralization of corporate operations have thus enabled diverse enterprises to select economical and distributed strategies for information technology. In addition, growing developments in technology, such as cloud and virtual computing, are projected to have a positive impact on business development.
Integration of the framework helps companies to simultaneously view and visualise data for improved decision making. Therefore, some of the main factors driving market growth are increased demand from companies to maximise the productivity of their current systems, increasing preference for automated solutions, the introduction of cloud computing technology, and the growth of broadband networks. Integration of the system is a cost-effective strategy for the worldwide presence of IT application software and infrastructure. It guarantees increased control of infrastructure, eliminates data duplication, and protects data security, resulting in enhanced quality and reliability of the enterprise. Moreover, technological advances such as hardware and software solutions, mobility applications, and big data management software are influencing organisations around the world. This has resulted in increased demand for decreased operational complexity and streamlined business procedures, thereby generating growth opportunities.
The System Integration market is fragmented based on infrastructure integration, application, consulting, verticals, and Region.
By infrastructure integration, the market is divided into building management system (BMS), cloud integration, integrated communication, data center infrastructure management (DCIM) and network integration.
On the basis of application, the System Integration market includes application integration, data integration, unified communication, integrated security software and integrated social software.
On the basis of Consulting segment, the market is segmented into lifecycle management (ALM), business transformation, and business process integration.
On the basis of verticals, the market is segmented into IT & Telecommunications, defense & security, BFSI, oil & gas, healthcare, transportation, retail and others.
Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Report Attributes | Report Details |
---|---|
Report Name | System Integration Market |
Market Size in 2023 | USD 378.52 Million |
Market Forecast in 2032 | USD 1175.7 Million |
Growth Rate | CAGR of 13.42% |
Number of Pages | 110 |
Key Companies Covered | Accenture, BAE systems, FUJITSU, Hewlett Packard Enterprise Development LP, IBM Corporation, Lockheed Martin Corporation, Tata Consultancy Services Limited, DXC Technology Company, Telefonaktiebolaget LM, Ericsson, Cognizant, CGI Group Inc., Wipro Limited, Informatica, MuleSoft Inc., General Dynamics Corporation, Harris Corporation, Infosys Limited, Northrop Grumman Corporation, Raytheon Company, Leidos, Oracle, among others |
Segments Covered | By Infrastructure Integration, By Application, By Consulting, By Verticals And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
In 2018, North America had the highest market largest share in terms of sales, owing to massive investments made by governments within different departments to implement creative solutions. Significant investments in the market are also expected in the regions of Latin America and the Middle East and Africa, owing to the several benefits offered by system integration solutions and services. Meanwhile, from 2020 to 2026, Asia Pacific is projected to grow at a CAGR of over 10%. This is accredited to data globalisation and virtualization along with the increasing demand in the telecom industry for device integration services.
Some main participants of the System Integration market are-
FrequentlyAsked Questions
One of the main drivers driving market growth is also projected to be rising customer propensity towards virtualization. Virtualization means that several programmes are executed concurrently and encourages a user to run several other functions on the same server at the same time. In addition, virtualization eliminates extra operating costs for IT and assures improved device hardware use, flexibility, and performance.
global System Integration Market was worth USD 378.52 Million in 2023. The market is forecast to reach USD 1175.7 Million by 2032, growing at a compound annual growth rate (CAGR) of 13.42% during the forecast period 2024-2032.
In 2019, North America had the highest larger market share in terms of sales, owing to massive investments made by governments within different departments to implement creative solutions. Large investments in the sector are also anticipated in the regions of Latin America and the Middle East and Africa, owing to the many advantages provided by device integration technologies and services.
Some main participants of the System Integration market are Accenture, BAE systems, FUJITSU, Hewlett Packard Enterprise Development LP, IBM Corporation, Lockheed Martin Corporation, Tata Consultancy Services Limited, DXC Technology Company, Telefonaktiebolaget LM, Ericsson, Cognizant, CGI Group Inc., Wipro Limited, Informatica, MuleSoft Inc., General Dynamics Corporation, Harris Corporation, Infosys Limited, Northrop Grumman Corporation, Raytheon Company, Leidos, Oracle, among others.
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