Global System
Integration Market strategic research study
offers company accounts, industry investors, and industry members with
consequential insights to enable them to make reliable strategic decisions
regarding the opportunities in the global market.
In this report, we
thoroughly examine and analyse the Global market for System Integration so that
market participants can improve their business strategy and ensure long-term
success. This report provides players with useful information and suggests
result-based ideas to give them a competitive advantage in the global System
Integration industry. It will show how other players compete in the global System
Integration Market and explain the strategies you use to differentiate yourself
from other participants.
This Research Report
Answers the Following Questions:
·
How System
Integration market
will grow in the coming year?
·
Will the COVID-19 pandemic surge the demand for such platforms?
·
How are key companies planning to promote benefits of System Integration?
·
What are the industry growth drivers, obstacles, and dynamics?
·
Which segment is expected to lead in the coming years?
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The global system
integration market size was valued at USD 259.9 billion in 2017 and is anticipated
to reach USD 582.5 billion by 2025. Global system integration demand is
expected to grow at a steady rate on account of increasing need of homogenous
networks. Globalization, digitization, and decentralisation of activities have
generated the need for economy technological solutions. System integration is a
process of through which multiple systems are connected to bring it on a common
platform. This helps in the incorporation of various departments and makes data
availability on a real-time basis. Multiple functions within an organisation
can access data and visualise information simultaneously for better decision
making.
This technology of
integrating systems is effective in delivering cost optimizing solutions in the
field of software application infrastructure. It helps in delivering better
infrastructure management and maintaining data integrity. It enhances
efficiency and operational productivity by reducing data errors. Development of
technology in the field of cloud and virtual technology is expected to drive
the market over the forecast period. Further, increasing demand for distributed
and open architecture systems is anticipated to fuel the system integration
market in near future.
Lack of suitable network
related infrastructure and the high cost of implementation is expected to pose
a great challenge to this industry. Integrating different functions need high
skilled professional with diverse functional knowledge. Shortage of skilled
professionals is another challenge for the overall industry growth. Companies in various sectors are expected to
invest in developing their IT infrastructure. These investments come in the
form of new implementations or updates. The various verticals where system integration
is primarily expected to be implemented include banking, financial
institutions, logistics, military, telecommunications, and healthcare, retail,
energy, and government institutions. Increasing demand from these sectors
provides great opportunities which in turn are expected to propel the overall
market growth over the forecast period.
Banking and Finance are
anticipated to be the most lucrative industry in near future. Aviation industry
is expected to provide huge opportunities over the forecast period on account
of globalisation and increasing air traffic. Development of new technologies
which includes clinical integration, cyber-physical systems, energy management
system, and cloud service brokerage provides huge opportunities for overall
industry growth.
System integration is
segmented as application integration, consulting services, and infrastructure
integration. The introduction of dynamic scaling, utility pricing, and variable
costing has been several characteristics in infrastructure system integration.
Further, cloud technology is also expected to hold a major share in near
future. Dynamic scaling helps users to use a single hardware and is one of the
popular implementations within organisations having fluctuating demand and
moderate investment in IT infrastructure. Data centre management, network
integration, integrated communication, and building management are other
popular infrastructure system integration.
Unified communication,
integrated security software, and data integration are the some of the main
features of application integration services. Data integration has been growing
at a very fast rate and is expected to hold a major share in the market.
Business process synchronization, business transformation, and lifecycle
management are the key tasks undertaken by consulting service applications.
Automated governance and efficiency are the key reasons for implementation of
business process integration. Vast use of network management and cloud services
has boosted the infrastructure system in recent years.
North America has been the
major market on account of computerisation. The dominance is expected to
continue with major demand from financial and government sector. High
investments from the government have led to innovative solutions for various
departments. Regional demand is followed by Asia-Pacific mainly on account of
the high presence of emerging economies including India, China, and South
Korea. Large scale implementation in the retail, banking, IT and
telecommunication has propelled the demand in this region. Europe has shown a
steady growth in recent however the market showed a decline owing the economic
turmoil. Manufacturing sector provides great opportunities in Europe especially
in countries such as Germany, France and Austria.
South America and Africa is
expected to witness a slow growth mainly on account of lack of IT
infrastructure and absence or underdeveloped application industries. Key
players in the market include Cognizant Technologies, Computer Science
Corporation, Accenture, Infosys, Tata Consultancy Services, Oracle Corporation,
Lockheed Martin Corporation, Harris Corporation, and IBM.
Oracle offers diverse and
innovative solutions to its customers for achieving competitive advantage. They
have products which include data integrator and the golden gate which helps in
decision making in the field of financial advisory. Similarly, Infosys have
focused on providing services related to retail and commercial banking to
smoothen business transformation. After sales service is a key component in
increasing client satisfaction. This is achieved by the organisations by
deploying training and customer support to improve overall business
performance. Vendors focus on establishing separate sales and marketing channel
for acquiring customers, mainly through undertaking complete IT
implementations.
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