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The global system integration market reached a value of US$ 303.2 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 14.21% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
System integration refers to the process of connecting the physical and digital IT infrastructure, including machine systems, inventory, databases, applications, protocols, formats and data use patterns, into a centralized network. It is installed using different methods, such as the horizontal, vertical, star and common data formats, with business process management, computer networking and manual programming. It maintains data integrity, reduces operational costs, increases workflow efficiency, enhances productivity, and improves business-to-business (B2B) communication. Consequently, it is widely employed in the healthcare, government, oil & gas, telecommunications and IT, and banking, financial services and insurance (BFSI) sectors.
The rising scalability among businesses, along with the widespread adoption of advanced technologies, such as big data, cloud-based services, and Software-as-a-Service (SaaS), have increased the complexity of operations in different organizations. Consequently, there is a rise in demand for distributed information technology (IT) solutions, such as system integration, for streamlining different systems. Apart from this, 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. At present, governments of numerous countries have imposed lockdowns and are promoting social distancing measures to contain the spread of the coronavirus disease (COVID-19). As a result, several organizations are altering their business models and adopting remote working solutions. This has further escalated the demand for system integration as it allows secure and easy remote access to data on a real-time basis.
IMARC Group provides an analysis of the key trends in each sub-segment of the global system integration market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, service and end use industry.
Breakup by Service:
Breakup by End Use Industry:
Breakup by Region:
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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