Press release
System Integration Market Soars to New Heights, Expected to Reach USD 917.64 Billion by 2029
System Integration Market
System integration involves linking multiple sub-systems into a larger system, encompassing both physical and virtual components of an organization's system. Key drivers fueling market growth include the surge of the Internet of Things (IoT) in industrial automation, the rising demand for automation systems driven by safety and security concerns, the need for energy-efficient manufacturing processes in manufacturing plants, and advancements in cloud computing technology.
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What are System Integration Market Dynamics?
Several factors are propelling the growth of the global system integration market. High investments in IT infrastructure have resulted in distributed IT systems across various enterprises, driving demand for distributed IT systems. Additionally, the need to address safety and security concerns is fueling the adoption of automation systems in industries such as oil and gas refineries. However, challenges like lack of standardization and high implementation costs pose obstacles to market growth.
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System Integration Market Segmentation?
On the basis of service, The infrastructure integration segment held the largest market share of 30% in 2022, owing to cloud-based and network management services are widely used, infrastructure integration facilitates multiple users to use single hardware, and cost-effective. Data Centre Infrastructure Management (DCIM), building management, integrated communication, and network integration are among the infrastructure system integration services. The consulting segment is expected to grow at a CAGR of more than 10% during the forecast period. Business process integration, application lifecycle management, and business transformation are examples of consulting services. The growth of consulting segment is attributed to increasing demand for organisations to assist users in building their Business Continuity Plan/Disaster Recovery Plan. On the basis of end-user, The IT and telecommunications held largest market share of xx% in 2022, owing to rapid industrialization and growth of IT companies, increasing population, rising advancements in cloud technologies and virtualization, rising use of internet of things, rising safety and security concerns. Additionally, increased government assistance in other industries, such as healthcare and finance, to increase their technological investments in order to strengthen the global economy, is projected to fuel market growth.
by Service
Infrastructure
Integration
Application
Integration
Consulting
by Application
Consulting
Application
Lifecycle Management (ALM)
Business Transformation
Business Process Integration
Others
by End-user
IT & Telecommunications
Defense & Security
BFSI
Oil & Gas
Healthcare
Transportation
Retail
Others
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Who are System Integration Market Key Players?
2. Cisco Systems, Inc.
3. Cognizant
4. Capgemini
5. Deloitte
6. IBM
7. Infosys
8. Oracle
9. Tata Consultancy Services
10. Tech Mahindra
11. Fujitsu
12. HCL Technology
13. CGI
14. DXC Technology
15. Atos
16. NTT Data
17. EY
18. Unisys
19. PwC
20. KPMG
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Table of content for the System Integration Market includes:
Global System Integration Market : Research Methodology
Global System Integration Market : Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global System Integration Market : Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global System Integration Market Segmentation
Global Market, by Service (2021-2029)
Global Market, by Application (2021-2029)
Global Market, by End-user (2021-2029)
Global Regional System Integration Market (2021-2029)
Regional Market, by Service (2021-2029)
Regional Market, by Application (2021-2029)
Regional Market, by End-user (2021-2029)
Regional Market, by Country (2021-2029)
Global Company Profile: Key players
Company Overview by Country
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
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Regional Insights:
Outsourced services are expected to witness the highest Compound Annual Growth Rate (CAGR) between 2022 and 2029. This growth is attributed to the increasing outsourcing of medical device inspection, testing, and certification services by major firms, particularly in applications like consumer goods and manufacturing, where outsourcing TIC services to third-party vendors is gaining traction due to the capital-intensive nature of in-house activities.
Testing services held the largest market share in the System Integration market in 2022 and are expected to continue leading the market during the forecast period. The growing demand for high-quality and standardized products across industries is fueling the demand for TIC services in the medical device sector.
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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