Pune, India, June 30, 2022 (GLOBE NEWSWIRE) -- According to MarketStudyReport, global system integration market size was valued at USD 327 billion in 2021 and is poised to expand at a CAGR of 13% during the study period, eventually reaching a valuation of USD 769 billion by the year 2028. The expanding popularity of cloud computing technologies, growing demand for virtualization, and widespread adoption of low-cost, energy-efficient manufacturing technologies are the major factors driving the growth of this marketplace.
Furthermore, the research provides thorough information on critical areas such as driving factors and obstacles that will shape the market's future growth from 2022 to 2028. The numerous market segmentations are also assessed to properly understand the current trends and revenue-generating prospects in this industry sector, allowing investors to make profit-driven decisions.
It is worth mentioning that system integration is the process of connecting different sub-systems into a unified larger system. This role encompasses all virtual and physical components of an organization. Physical components include things like machine systems, computer gear, and inventory. Most virtual components are saved in database systems, software, and apps.
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Automated technologies like additive manufacturing (3D printing) and robotics can impact employment patterns in both developing and developed countries. Given the rising demand for these solutions, companies have realized the importance of modernizing existing production facilities, which in turn is aiding towards global system integration market expansion.
However, high costs of installation and maintenance is one of the major reasons restricting market growth during the projection period.
Elaborating on the market segmentations
Worldwide system integration marketplace is segmented based on application spectrum, service type, and geographical analysis. Based on service type, this business sphere is divided into consulting, application integration, and infrastructure integration.
Moving forward the application spectrum, the industry is bifurcated into retail transportation, BFSI, healthcare, IT & telecom, oil & gas, defense & security, and others.
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Summarizing the geographical reach
The regional analysis of this business space extends to Asia-Pacific, North America, Latin America, Europe, and the rest of the world.
Analysts cite North America is expected to be stand tall in terms of remuneration scale by the year 2028, owing to the growing adoption of cloud-based services by SMEs and large organizations and the increasing use of IoT in industrial automation.
On the other hand, Asia Pacific system integration market is predicted to record the highest CAGR during the forecast duration, primarily due to rapid investments in 5G infrastructure in developing economies such as India, China, and South Korea.
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Global System Integration Market by Service Type (Revenue, USD Billion, 2018-2028)
- Infrastructure Integration
- Consulting
- Application Integration
Global System Integration Market Application Spectrum (Revenue, USD Billion, 2018-2028)
- IT & Telecom
- BFSI
- Healthcare
- Transportation
- Defense& Security
- Retail
- Oil & Gas
- Others
Global System Integration Market by Regional Reach (Revenue, USD Billion, 2018-2028)
North America
- U.S.
- Canada
Europe
- U.K.
- Spain
- Italy
- Germany
- France
- Rest of Europe
Asia Pacific
- China
- India
- South Korea
- Japan
- Australia
- Rest of Asia-Pacific
Latin America
- Mexico
- Brazil
Rest of the World
Global System Integration Market Competitive Terrain (Revenue, USD Billion, 2018-2028)
- Accenture plc
- Capgemini SE
- Cisco Systems, Inc.
- Cognizant
- Deloitte Touche Tohmatsu Limited
- International Business Machines Corporation
- Infosys Limited
- Oracle Corporation
- Tata Consultancy Services Limited
- Tech Mahindra Limited
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. System Integration Market, by Region, 2020-2028 (USD Billion)
1.2.2. System Integration Market, by Services ,2020-2028 (USD Billion)
1.2.3. System Integration Market, by Application ,2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global System Integration Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global System Integration Market Dynamics
3.1. System Integration Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Surging adoption of cloud computing
3.1.1.2. Developments in virtual technologies
3.1.2. Market challenges
3.1.2.1. Declining crude oil prices affecting investments in infrastructure automation
3.1.3. Market opportunities
3.1.3.1. Technological advancements
3.1.3.2. Rising demand from the emerging economies
Chapter 4. Global System Integration Market Industry Analysis
4.1. Porter's 5 Force Model
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global System Integration Market, by Services
6.1. Market Snapshot
6.2. Global System Integration Market by Services , Performance - Potential Analysis
6.3. Global System Integration MarketEstimates & Forecasts by Services 2018-2028 (USD Billion)
6.4. System Integration Market, Sub Segment Analysis
6.4.1. Infrastructure Integration
6.4.2. Application Integration
6.4.3. Consulting
Chapter 7. Global System Integration Market, by Application
7.1. Market Snapshot
7.2. Global System Integration Market by Application , Performance - Potential Analysis
7.3. Global System Integration MarketEstimates & Forecasts by Application 2018-2028 (USD Billion)
7.4. System Integration Market, Sub Segment Analysis
7.4.1. IT & Telecom
7.4.2. Defense& Security
7.4.3. BFSI
7.4.4. Oil & Gas
7.4.5. Healthcare
7.4.6. Transportation
7.4.7. Retail
7.4.8. Others
Chapter 8. Global System Integration Market, Regional Analysis
Related Report:
System Integration Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027
The global system integration market is expected to witness exponential growth in the next few years, driven by the increasing adoption of cloud computing solutions in both developed and developing countries. The different types of system integration services include application integration, infrastructure integration, and consulting services. The infrastructure integration segment is anticipated to grow substantially in the near future, with growing adoption among enterprises looking to enhance their existing infrastructure. These solutions help organization create a smooth and more coordinated infrastructure. Systems that are not integrated can lead to significantly high costs and increased resource consumption. The infrastructure integration segment is further classified into building management systems, network integration services, cloud integration services, and integrated communication services. Meanwhile, the system integration industry in Asia Pacific countries will experienced substantial growth in the near future. Rapid growth in urbanization along with the development of the industrial and manufacturing sectors is fueling the demand for system integration services in the region.
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