According to the latest report by IMARC Group, titled "System Integration Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global system integration market reached US$ 303.2 Billion in 2020. System integration refers to the procedure of linking different physical and virtual components into a unified network, including inventory, machine systems, applications, formats, protocols, and databases. It integrates discrete infrastructure using various techniques, such as computer networking, enterprise application integration, business process management, and point-to-point, horizontal, vertical, and common data formats. System integration is essential for both business-to-business (B2B) communication and internal cooperation within an enterprise. It reduces operational costs, enhances productivity, and increases workflow efficiency.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global System Integration Market Trends:
The global system integration market is primarily being driven by the rising need for efficient business processes and the widespread adoption of advanced technologies in industrial automation, such as cloud-based solutions, the Internet of Things (IoT), and Software-as-a-Service (SaaS). Besides this, system integration is being widely adopted by several organizations amidst the coronavirus disease (COVID-19) pandemic as an effective business solution to provide easy and safe access to data in real time. This, in turn, is acting as another major growth-inducing factor. Moreover, the rising demand for distributed information technology (IT) solutions, such as system integration, for streamlining different systems is contributing to the market growth. The utilization of Integration Platform as a Service (iPaaS) solutions is expanding the applications of system integration in industries, such as transportation and oil and gas, as it provides the ability to share integrated resources across multiple applications.On account of these factors, the market is expected to grow at a CAGR of around 14.21% during 2021-2026.
- Based on the service, the market has been divided into consulting, infrastructure and application integration.
- On the basis of the end use industry, the market has been classified into BFSI, government, manufacturing, telecommunications, retail, oil and gas, healthcare, and others.
- On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
- The competitive landscape of the industry has also been examined, with some of the key players being Accenture Plc., BAE Systems Plc., Capgemini SA., Cisco Systems Inc., Dell Inc., Fujitsu Limited (Furukawa Group), HCL Technologies Limited, Hewlett Packard Enterprise Company, IBM Corporation, Infosys Limited, Oracle Corporation, Tata Consultancy Service Limited and Wipro Limited.
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