System Integrators Market Is Likely To Witness Huge Growth |...

System Integrators Market Is Likely To Witness Huge Growth

Posted 2024-11-27 06:53:48

System Integrators Industry

The global system integration market size is expected to reach USD 955.21 billion by 2030 and expand at a CAGR of 13.8% from 2023 to 2030 according to the recent reports of Grand View Research, Inc., The rising consumer inclination towards low-cost and energy-efficient production processes, cloud computing, and virtualization is the key market factor driving the system integration market growth. Automation technologies such as additive manufacturing (3D printing) and robotics possess the ability to transform work patterns in emerging and developed economies, creating robust market opportunities. Furthermore, rising demand for automation technologies has accelerated the modernization of production facilities in several end-use industries, propelling the system integration market expansion

The growing cloud computing adoption and significant advancements in virtual technologies are expected to boost the adoption of system integration solutions. The innovation developments in the system integration market, such as clinical integration, Building Energy Management Systems (BEMS), Cloud Service Brokerage (CSB), and Cyber-Physical System (CPS), is anticipated to create robust opportunities in the industry. For instance, in March 2022, NetApp, Inc. and Cisco Systems, Inc. jointly developed FlexPod XCS, an automation platform in its existing hybrid cloud service FlexPod. With this platform, companies from the retail, BFSI, and IT sectors were able to develop integrated platforms for customer-centric solutions such as ordering, billing, and support.

Several industry players are adopting various business strategies such as collaborations, mergers, and acquisitions to improve their position in the system integration market. Various market players are focusing on improving their big data analytics services to enhance their brand identity and share in the global system integration market. For instance, in November 2022, Accenture plc acquired ALBERT, a big data & A.I. solution provider, for an undisclosed amount to improve its big data analytics technology-integrated system integration offerings. The need for an optimized and comprehensive big data platform is driving the demand for system integration to quickly perform complex analytics on big data while maintaining cost efficiencies.

Gather more insights about the market drivers, restrains and growth of the Global System Integrators market

System Integrators Market Segments Highlights:

The infrastructure integration segment accounted for a market share of over 36% in 2022. Infrastructure integration is estimated to witness healthy growth over the next few years, ascribing to the rising need to provide a unified IT infrastructure that is resilient, agile, and secure while keeping a close eye on costs.
The Banking, Financial Services, and Insurance (BFSI) segment held a market share of over 19% in 2022.
North America held a market share of over 35% in 2022, owing to the rising use of IoT in industrial automation and the growing adoption of cloud-based services among large organizations.

System Integrators Market Report Segmentation

Grand View Research has segmented the global System Integration market on the basis services, enterprise size, end-use, and region:

System Integration Services Outlook (Revenue, USD Billion, 2018 – 2030)