Global System Integration Market Overview
The key driver impacting the system integration market is the growing adoption of cloud computing and automation across industries is boosting the market demand in the forecast period. for instance, as per the BSA Global Cloud Computing Scorecard report, estimations, in 2022 there were more than half of enterprises had adopted cloud computing at the global level. During the 2023 and 2030 time period, the total demand for cloud computing globally was around 70 percent and is estimated to stand for 60 percent of growth during 2030. moreover, the advancements in technologies, such as cloud and virtual technologies, are also estimated to be a significant determinant adding growth to the market.
According to Value Market Research, the global system integration market size was valued at around USD 328.22 billion in 2022 and is estimated to grow at a CAGR of about 13.62% during the forecast period of 2023 to 2030.
The expanding broadband infrastructure, together with the growing IT and telecom sector globally, is estimated to augment market demand in the forecast period. the telecom vendors are adopting cloud-based solutions and shifting their workload to the cloud, which is creating a need to integrate their network and IT infrastructure with advanced cloud solutions. for instance, as per Crescendo Worldwide, the Global Telecommunication Market size in 2022 was valued at $328.22 BN and is estimated to grow at a CAGR of 13.62%, reaching $911.6 BN by 2030. It is due to recent technological advancements such as 5G wireless, IoT, platform based service (PBS), data centers, cloud computing, Network Security, etc. however, the high cost of system integration may hamper the global system integration market in the long run. also, conventional infrastructure in emerging economies is negatively impacting the market growth. the current industry trends, such as growing digitization and centralization of business processes, and growing preference for automation technologies across industries, are expected to provide profitable market opportunities for the market players.
The system integration market is vast, with many local and global players. the key leaders follow several strategies to develop their market position, such as mergers, contracts, acquisitions, expansions, extending product portfolio, product innovations to improve their market share globally. For instance, in December 2022, Capgemini SE introduced Altran's 5G Lab and 5G Lab-as-a-Service (LaaS) in Portugal for enterprises, OEMs, and telecommunication companies. The move was meant to offer system integration services to the enterprises in service in Portugal. The major players included in the report are HCL, Accenture, Cisco Systems, Inc., Capgemini, Fujitsu limited; oracle corporation, Infosys limited, and technologies, among others.
In this research report, the system integration market is segmented by services, end-user, and region.
Analysis by Services:
By services, the report is categorized into application integration, infrastructure integration, and consulting. The infrastructure integration segment dominates the deployment model segment with over 30.0% in 2020. It is due to the extensive usage of cloud-based and network management services. Moreover, the infrastructure integration makes it easy for multiple users to utilize single hardware, making it a cost-effective option for different organizations with low capital investment in hardware, thus contributing to the infrastructure integration growth in the forecast period.
Analysis by End-User:
By end-user, the report is categorized into IT & telecommunications, defense & security, BFSI, oil & gas, healthcare, transportation, retail, and others. The BFSI dominate the end-user segment with over 15% share in 2020. It is due to the growing adoption of automation and the Internet of Things in the banking sector and finance sectors. Moreover, the increasing need to reduce connectivity and integration issues and the need to provide accuracy, reliability, risk control in the banking sector contributes to the vast market demand from the BFSI sector in the forecast period.
Analysis by Region:
In the regional outlook of the global system integration market, the North America region dominates with a 30% market share during the forecast period. It is due to the enormous investments made by governments for the adoption of innovative solutions within various departments, and the high adoption rate of cloud computing across North America in the region. Moreover, the presence of global leaders of IT and telecom sector that majorly demand system integration services is contributing to the development of the system integration market across North America.
Market Segmentation covered in the Report:
By Services
- Infrastructure Integration
- Application Integration
- Consulting
By End-User
- IT & Telecommunications
- Defense & Security
- BFSI
- Oil & Gas
- Healthcare
- Transportation
- Retail
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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