The global system integration market size is expected to reach USD 582.5 billion by 2025, at a CAGR of 11.7% over the forecast period according to a study conducted by Grand View Research, Inc. Rising inclination towards cloud computing, demand for virtualization, and concerns over usage of automation and unified approach in business processes are some factors expected to positively impact the growth.
Growth
of cloud computing technology coupled with increased government initiatives to
encourage prominent vendors to introduce technological advancements and promote
the adoption of cloud technology, is also expected to drive the market. For
instance, the government of UAE has funded various projects, such as Smart Abu
Dhabi and Smart Dubai, aimed at bringing digital transformation and
accelerating economic growth. Such initiatives are expected to boost growth of
the market in UAE.
The
benefits of cloud integration include utility style costing, absence of single
point of failure, scalability, location independence, and lack of investments
in hardware promotes the acceptance and implementation of cloud integration
solutions and services. Thus, various industries, such as financial services
and software organizations leverage from cloud computing.
Increased
investments by the key market players in system integration solutions, has significantly
eliminated redundancies and positively impacted the IT infrastructure. Growing
requirement for eliminating multiplicity, heterogeneity, and evolving
distinctiveness of important applications and infrastructures is also
anticipated to power the system integration market over the forecast period.
However, high implementation costs and lack of standardize framework are some
of the challenges affecting the market growth.
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System Integration
Market Report Highlights
- IT and telecommunications
accounted for over 15.0% of total market share in 2018 owing to increased
penetration of 4G services and growing development of 5G infrastructure
that has data-intensive networks and may lead to the high generation of
data. Furthermore, growing number of telecom subscribers using smartphones
and other handheld devices worldwide is anticipated to positively
influence the segment growth, in turn propelling the market growth
- Rapid industrialization in
various end-use industries and significant presence of SMEs, primarily in
South East Asia, is expected to fuel the system integration market in Asia
Pacific. Furthermore, rising government initiatives such as subsidies and
financial support has also positively impacted the growth of SMEs in Asia
Pacific. For instance, the Make in India initiative by the Government
of India focuses on providing a 25% grant to SMEs, which is anticipated to
fuel the market growth
- The market is highly
consolidated and characterized by high competition with the presence of
major global players such as Accenture; Cisco Systems, Inc.; Capgemini;
Fujitsu Limited; Oracle Corporation; Infosys Limited; and HCL Technologies;
among others. These players focus on entering into partnerships to enhance
their market presence and also to offer enhanced product portfolio
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System Integration
Market Segmentation
Grand View Research has segmented
the global system integration market based on services, end use, and region:
System Integration
Services Outlook (Revenue, USD Billion, 2014 - 2025)
- Infrastructure Integration
- Application Integration
- Consulting
System Integration
End Use Outlook (Revenue, USD Billion, 2014 - 2025)
- IT & Telecommunications
- Defense & Security
- BFSI
- Oil & Gas
- Healthcare
- Transportation
- Retail
- Others
System Integration
Regional Outlook (Revenue, USD Billion, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- South East Asia
- Australia
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- United Arab Emirates (UAE)
- South Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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