According to the latest report by IMARC Group, titled, “System Integration Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027″, The global system integration market reached a value of US$ 359 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 627 Billion by 2027, exhibiting a CAGR of 9.9% during 2022-2027.
System integration refers to a process of arranging a broad array of software and hardware components into a consolidated ecosystem. It is vital for business-to-business communication and internal cooperation within an enterprise. It assists in speeding up information flows and reducing operational costs of the organization. Consequently, it is widely employed in the information technology (IT)and telecom, healthcare, banking, financial services, and insurance (BFSI) sectors.
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System Integration Market Trends:
The global market is primarily driven by the widespread adoption of New-Gen Operations Systems and Software (NGOSS) by the telecom sector to improve customer service and support. Furthermore, the rising adoption of cloud-based mobile applications across numerous sectors has led to the growing requirement for application integration and configuration services, thereby favorably impacting market growth. Moreover, the widespread adoption of advanced technologies has also provided an impetus to the uptake of system integration services among small- and medium-sized enterprises (SME). Apart from this, the rapid outbreak of the COVID-19 pandemic across the globe has resulted in the growing demand for system integration among retailers to ensure efficient operations and online sales, thereby creating a positive outlook for the market.
Global System Integration Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- 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)
- Wipro Limited
Breakup by Service:
- Infrastructure Integration
- Application Integration
Breakup by End-Use Industry:
- Oil and Gas
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
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