System Integration Market: Industry Potential, Trends and forecast 2017 - 2024
Date: 2018-08-22   Author: Ronak Bora  Category: #market

The System Integration Market is set to grow from its current market value of more than $250 billion to over $450 billion by 2024; according to a new research report by Global Market Insights, Inc.

System integration has become an essential part of the agile business environment. System integration market has witnessed an enormous growth owing to the increasing investments globally from the IT companies to adapt continuously to the changing business environments and needs. The growing trend of cloud services and IoT is driving the system integration market as the data is distributed over various servers globally. System Integration enables a robust infrastructure management, leading to an improvement in the productivity, decrease in data redundancy, and the maintenance of data integrity. This is augmenting the system integration market.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1819

System integration market demand primarily arise from IT companies that enable them to keep up with the rapid pace of technological advancements. System integration offers companies advantages such as cost-effectiveness, viable off-the-shelf software, and preconfigured mechanisms to maintain a competitive edge in the marketplace. This eliminates organizations from investing in expensive and customized implementations that might add to the cost, narrowing organizations’ profit margins.

The global IT industry is valued at over USD 4.5 trillion with the U.S. accounting to be over USD 1.5 trillion market. This growing IT industry is driving the demand for infrastructure integration, application integration, and consulting services. The IT landscape has evolved enormously in areas of the integration of cloud and IoT technology. The consumer data is increasing rapidly, and data integration has become important for any business success. The price of the IT system integration is growing at a CAGR of 1% owing to the increasing demand from the IT industry. However, the lack of skilled workforce is one of the limiting factors for the system integration market. It has become difficult to keep pace with relevant skills owing to the rate at which technological shifts are taking place globally.

Application integration services will witness a lucrative growth over the forecast period owing to the increased unified communication and security software. Additionally, due to the rising adoption of cloud globally, the demand for infrastructure system integration has shown a tremendous demand. The benefits and features offered by the cloud, such as pay-as-you-go model, scalability, and on-demand access, have fueled the system integration market.

Browse Full Report @ https://www.gminsights.com/industry-analysis/system-integration-market

North America is the leading region for the system integration market owing to the presence of major IT companies investing heavily in IT management and the adoption of cloud services by large enterprises and SMEs. Asia Pacific is anticipated to be the fastest growing market owing to the globalization and virtualization of data. Furthermore, significant investments owing to several benefits offered by these solutions & services, Latin America, and the Middle East & Africa are also expected to make such investments in the system integration market.

Fujitsu Ltd., Hewlett-Packard Company, Accenture, BAE Systems, Oracle Corporation, Lockheed Martin Corporation, and IBM are the key players in the system integration market. The system integration market is highly competitive due to the presence of technology giants in this landscape.



About Author


Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for AlgosOnline and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport.

...

Read More

More from Ronak


Post Recommendents

Internet of Things soon to revolutionize the global kitchen appliances market
Author: Ronak Bora

The concept of ‘smart’ world is being realized at all levels, right from the giant industries to our very own houses. Kitchen, which is the most important part of a home, has also been significantly influen...


Growing demand across aerospace and railway industries anticipated to drive bearings market growth
Author: Ronak Bora

Bearings market size is expected to exceed over USD 142 billion by 2022, as it will grow over 7.6% in the coming years. This product is an essential mechanical component for proper and smooth running of vehicles and machineries. The industrial hea...


Automotive Sunroof Market Size, Share, Growth, Trends and Forecast 2022, Business Opportunities & Future Investments
Author: Ronak Bora

Automotive sunroof market size is estimated to be valued at USD 9.76 billion by 2022; as per a new research report by Global Market ...