System Integration Market

Market Overview:

The global system integration market size reached US$ 388.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 627.3 Billion by 2028, exhibiting a growth rate (CAGR) of 7.7% during 2023-2028.

System integration refers to the process of connecting the physical and digital information technology (IT) infrastructure, including machine systems, inventory, databases, applications, protocols, formats, and data use patterns, into a centralized network.It assists in resolving the complexity associated with increased communication between systems and improving productivity and data consistency. At present, organizations from different end use industries rely on system integration solutions to minimize infrastructural investments and make faster decisions.

System integration Market Trends:

System integration is employed in the banking, financial services, and insurance (BFSI) industry to streamline and automate complex operations. This, coupled with the rising utilization of online banking services on account of the growing reliance on smartphones with high-speed internet, represents one of the key factors positively influencing the demand for system integration around the world. In addition, the escalatingdemand for cloud-based solutions in small and medium scale enterprises (SMEs) to maintain business data efficiently and effectively is contributing to the market growth. Apart from this, system integration is widely utilized to deliver comprehensive enterprise-class business solutions that help improve customer relations, enhance partner collaboration, and create efficiencies in supply chains and business operations. This, in turn, is creating lucrative business opportunities for key players operating in the industry. Besides this, the growing complexity and the rising scalability of business operations, along with the widespread adoption of advanced technologies, such as big data and software-as-a-service (SaaS), are increasing the need for distributed IT solutionsto streamline different systems. This is anticipated to create a positive influence on the demand for system integration in the upcoming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global system integration market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on service and end use industry.

Breakup by Service:

• Infrastructure Integration
• Application Integration
• Consulting

Infrastructure integration represents the leading service due to the rising requirement of converged Information and Communication Technology (ICT) infrastructure.

Breakup by End Use Industry:

• BFSI
• Government
• Manufacturing
• Telecommunications
• Retail
• Oil and Gas
• Healthcare
• Others

System integration is widely utilized in the telecommunications sector on account of the increasing need for telecom vendors to cope with the cloud and migration activities.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

North America dominates the market due the rising utilization of IoT in industrial automation and the growing adoption of cloud-based services among SMEs and large organizations.

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Accenture Plc, BAE Systems plc, Capgemini Services SAS, CISCO SYSTEMS INC., Dell Technologies, Inc., Fujitsu Limited, HCL Technologies Ltd., Hewlett Packard Enterprise Company (HPE), IBM Corporation, Infosys Limited, Oracle Corporation, Tata Consultancy Services Limited (TCS), and Wipro Limited.

Report Coverage:

Key Questions Answered in This Report:

• How has the global system integration market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global system integration market?
• What are the key regional markets?
• What is the breakup of the market based on the service?
• What is the breakup of the market based on the end use industry?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global system integration market and who are the key players?
• What is the degree of competition in the industry?