Pdf System Integration Market .pdf
Original filename: Pdf - System Integration Market.pdf
This PDF 1.7 document has been generated by Microsoft® Word 2016, and has been sent on pdf-archive.com on 11/07/2017 at 09:39, from IP address 203.109.x.x.
The current document download page has been viewed 247 times.
File size: 222 KB (3 pages).
Privacy: public file
Download original PDF file
System Integration Market Present Scenario and Growth Prospects 2017-2024: Global Market
System Integration Market size expected to achieve a significant growth from 2017 to 2024.
Advancements in cloud technology, virtualization, and increasing trend to implement
integrated operations in the organization will drive the system integration market demand.
environment is forcing decentralization of processes to expand the business globally.
Moreover, digitization encourages the combination of distributed information technology
solutions to facilitate open & distributed architecture of business processes. It enables
integrating various software, such as Building Automation Systems (BAS), computerized
maintenance management systems (CMMS), building performance virtualization software,
and security software eliminating the cumbersome working of facility managements.
The other factors contributing to the industry demand include cost-effective IT solutions,
reduced data redundancy, data integrity, and better infrastructure management. This platform
also reduces response time as the operations can be managed through a single workstation,
reduced workforce requirements owing to streamlined processes thereby increasing the
efficiency of the business processes. Increased IT investments by governments and high
adoption of technology will further stimulate the industry growth.
However, lack of standardized framework and high cost of implementing system integration is
hindering the industry growth. Data theft and information security are limiting the adoption of
these services. Fully integrated systems provide unimpeded access to hackers thereby
allowing unauthorized access to the crucial information. Small defects in the security may
result in huge losses to the company as they provide major vulnerabilities to hackers.
Emerging information technology service providers & vendors and increasing adoption of
Bring Your Own Device (BYOD) platform create growth opportunities for the system
integration market participants. Moreover, cloud services offer potential growth opportunities,
which include Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure
as a Service (IaaS).
The challenges faced by the marketers for this industry include integrating new technologies
in legacy systems owing to technical difficulties & compatibility aspects. Also, companies lack
technically sound professionals to operate this platform, which is limiting the industry growth.
By infrastructure integration services, the industry is segmented into cloud services, Building
Management System (BMS), integrated communication, network integration, and data
structure infrastructure management. Network integration infrastructure services is expected
to dominate the market over the forecast period. Its growth is attributed to the globalization of
businesses, which creates the need to integrate various locational infrastructure into one
coherent unit. Cloud services are increasingly deployed in various organizations owing to its
advantages such as variable cost, dynamic scaling, and utility price. Also, cloud services
enable the sharing of hardware infrastructure, thereby reducing the capital cost requirements.
By application integration services, the industry is classified as data integration, integrated
security software, integrated social software, application integration, and unified
The companies also provide consulting services including application lifecycle management
(ALM), business process, and business transformation. The business process services are
expected to show the highest CAGR owing to increasing importance of streamlining business
processes for increased productivity of the organization.
By application, the system integration market is segmented into government, BFSI, consumer
goods & retail, manufacturing, healthcare, telecommunication & IT, transportation & logistics
and oil, gas & energy. BFSI and government segment acquired the highest market share in
2016 owing to a high-volume requirement from the various government institutions.
Telecommunication & IT segment is expected to show the highest CAGR over the forecast
period from 2017 to 2024. The growth for this segment is attributed to its capabilities to address
the crucial needs of business processes specifically in the banking sector to facilitate smooth
North America is expected to be the largest revenue generator region owing to the high
adoption of these services across the various verticals and availability of technologically
advanced services. Asia Pacific region is expected to grow with the highest CAGR over the
forecast period. Its growth is attributed to the developing countries including India andChina,.
The government support for increasing adoption of cloud-based solutions & services and
organizations opting for digitization & modernization are driving the growth in the Asia Pacific
Some of the companies operating in system integration market include IBM Corporation,
Infosys Limited, Fujitsu Limited, Cognizant Technology Solutions, Capgemini Group,
Computer Sciences Corporation, TATA Consultancy Services Limited, Accenture PLC,
Ericsson, Wipro Limited, etc. The companies focus on enhancing the customer experience by
providing quality services and customer support.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and
consulting service provider; offering syndicated and custom research reports along with growth
consulting services. Our business intelligence and industry research reports offer clients with
penetrative insights and actionable market data specially designed and presented to aid strategic
decision making. These exhaustive reports are designed via a proprietary research methodology
and are available for key industries such as chemicals, advanced materials, technology,
renewable energy and biotechnology.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
Connect with us: Facebook | Google+ | LinkedIn | Twitter