September 13, 2021
According to the report titled ‘North America System Integration Market Forecast 2027 By End-Use, By Service, Research Report, Regional Outlook, COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available Market Study Report, North America system integration market is expected to accumulate USD 200 billion by the year 2027.
Incorporation of security management systems aimed at boosting employee experience and safety across organizations is propelling the growth of North America system integration market.
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Notably, integrated security software systems are equipped with features that provides organizations with a wide range of security solutions including intrusion management, video surveillance, and access control.
Speaking of recent developments, though Covid-19 pandemic negatively impacted various sectors, system integration industry benefitted from this crisis. Due to the coronavirus restrictions, several organizations have begun remote operations, which has increased the adoption of cloud computing services. They offer efficient data storage capacity and higher scalability thus assuring better user experience. This in turn is generating demand for cloud integration services across SaaS, LaaS, and PaaS models.
By service, North America system integration market is bifurcated into infrastructure integration (building management system, integrated communication, network integration, and cloud integration), application integration (data integration, integrated security software, integrated social software), and consulting. Among these, the building management system (BMS) segment is likely to gain momentum through 2027 owing to features like proper regulation of power consumption and energy efficiency offered by these systems. Growing environmental concerns with respect to GHG emissions is also boosting the service demand.
Based on end use scope, the industry share is split into healthcare, retail, IT & telecom, BFSI, manufacturing, and energy & utility. The BFSI segment is expected to register notable gains over the next six years, due to high dependency on integration solutions of baking institutes in order to offer high security and convenience benefits to the consumers.
Parallelly, the IT & Telecom sector is witnessing a high demand for network integration services due to increasing focus on improving customer satisfaction. With growing digitalization, traditional infrastructure has been failing to deal with challenges like system complexity and associated pressure on costs. Therefore, companies are turning to Business Support Systems (BSS) and Operation Support Systems (OSS) to further enhance the efficiency of their operations.
Key players profiled in North America system integration market report are Unisys Corporation, NTT DATA Corporation, Infosys Limited, International Business Machines Corporation, Huawei Technologies Co., Ltd., Hitachi Ltd., The Hewlett Packard Enterprise Company, Fujitsu Limited, Dell Technologies, Inc., Cisco Systems, Inc., Capgemini SE, AGC Networks Ltd., and Accenture plc.