November 12, 2021
According to the research report titled, ‘System Integration Market Size By Service, By End-Use (IT & Telecom, BFSI, Healthcare, Retail, Manufacturing, Energy & Utility), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2021 - 2027’, available with MarketStudyReport, global system integration market is expected to grow substantially over 2021-2027.
Rising adoption of cloud computing solutions in both developed and developing countries, increase in organization and consumer data and rapid technological advancements in the field are propelling the growth of global system integration market.
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On the contrary, high costs associated with the process, along with legacy infrastructure in emerging economies are likely to hamper market progression in the ensuing years.
By service type, the infrastructure integration segment is slated to expand considerably over the analysis timeline, owing to surging adoption of these services in enterprises aiming to improve their existing infrastructure.
Moving on to application scope, consulting services segment is poised to amass notable gains by 2027, as these services enable businesses to maximize productivity & efficiency of system integration, while identifying & reducing unforeseen expenses and overheads.
Considering the end-user ambit of global system integration market, IT & Telecom segment is expected to bolster significantly over the study period. This can be ascribed to strong demand for efficient broadband and communication services in developing countries.
Regionally speaking, North America market is projected to expand at fast pace during 2021-2027, with the U.S. at the forefront, accreditable to increasing penetration of advanced technologies in enterprises, emergence of new data facilities, and development of cloud-based infrastructure across the region.
Besides, Asia Pacific market is estimated to grow considerably over the forecast duration owing to rapid urbanization, growth of manufacturing and industrial sectors along with surge in the number of small and medium sized enterprises (SMEs), especially in Southeast Asian nations.
Key players operating in worldwide system integration marketplace are Unisys Corporation, Trigent Software Inc., Tech Mahindra Limited, Oracle Corporation, NTT DATA Corporation, MuleSoft, LLC, Infosys Limited, International Business Machines Corporation, Huawei Technologies Co., Ltd., Hitachi Ltd., Hewlett- Packard Enterprise Company, HCL Technologies Ltd., Fujitsu Ltd., Deloitte Touche Tohmatsu Ltd., Dell Technologies, Inc., and Cisco Systems, Inc.