Global System
Integration Market report delivers future
development strategies, key companies, Possibility of competition, major
challenges analysis. The reports elaborate the expansion rate of the System
Integration market supported the highest company profile analysis. This report
providing an in-depth analysis, market size, and evaluation for the developing
segment among the industry. System Integration Market report will help you take
expert decisions, recognize opportunities, plan effective professional tactics,
plan new schemes, analyse drivers and restraints and give you a vision on the System
Integration Market forecast.
The System Integration Market
report discusses the primary industry growth drivers and challenges that the
vendors and the market as a whole face and provides an overview of the key
trends emerging in the market. It also talks about the market size of different
segments and their growth aspects along with key leading countries in Americas,
Asia-Pacific, Europe, the Middle East, and Africa regions.
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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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