System Integration Market Outlook 2020 – Industry Statistics Analysis by 2024
Selbyville, Delaware, United States, November 4 2020 (Wiredrelease) Global Market Insights, Inc –:The system integration market by service segment indicates that the infrastructure integration services dominates in terms of size. This is largely due to the high demand by organizations to improve the existing network infrastructure and provide a strong platform for the adoption of cloud computing and IoT in the business landscape. Additionally, government bodies are also investing heavily in providing broadband and network connectivity to consumers located in underserved and rural locations.
System integration market segmentation by end-use indicates that the BFSI sector is anticipated to experience growth at a very rapid rate. Organizations operating in this sector are required to collect large amounts of consumer data of a very confidential nature. Moreover, the movement to the online platform and to mobile devices is providing impetus for the industry growth.
Get sample copy of this research report @ https://www.decresearch.com/request-sample/detail/1819
System Integration market is expected to reach a revenue of over USD 450 billion in 2024 owing to the emerging trends such as cloud computing and big data analytics. Companies operating in the retail and the BFSI sector are required to collect large amounts of confidential consumer and financial data causing them to adopt these services to sustain growth in the global marketplace. Organizations are rapidly modernizing their existing IT infrastructure to accommodate the rapid improvements occurring in the technological landscape.
The increase in government initiatives, primarily in economies such as China, India, and Philippines, promoting the growth of SMEs is amplifying the demand of the system integration market. These services are essential as they provide substantial cost savings by decreasing the duplication of data and the need to test and perform security checks on the different hardware or software systems across an organization.
The system integration market in the Asia Pacific region is expected to witness high growth during the forecast timeframe owing to the increase in the number of SMEs and the provision of low cost service offerings in the region. Countries such as Philippines and India are hubs of consulting and outsourcing activities. This comprise large pools of highly skilled workforce with low hourly wages, allowing foreign players to adopt these services.
Request for customization @ https://www.decresearch.com/roc/1819
The system integration market comprises of players such as Dell Inc., Cisco Systems Inc., Fujitsu Ltd, MuleSoft, Teradata Corporation, VCE, Orion System Integrators, and IBM Corporation. A prominent strategy undertaken by companies operating in the system integration market is to continuously expand their product offerings. For instance, in May 2017, MuleSoft announced the provision of the Anypoint Platform in the UK government’s G-Cloud 9 framework which eliminates the need of organizations to enter into procurement contracts with technology vendors.
Table of Contents (ToC) of the report:
Chapter 3. System Integration Market Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024
3.2.1. Information & communication technology (ICT) industry landscape
220.127.116.11. North America
18.104.22.168. Asia Pacific
22.214.171.124. Latin America
3.2.2. IT service industry landscape
126.96.36.199. North America
188.8.131.52. Asia Pacific
184.108.40.206. Latin America
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.4. Technology & innovation landscape
3.4.1. Impact of Industry 4.0
3.4.2. Bring-Your-Own-Device (BYOD) trend
3.5. Regulatory landscape
3.5.1. North America
3.5.3. Asia Pacific
3.5.4. Latin America
3.6. Industry impact forces
3.6.1. Growth drivers
220.127.116.11. Growth of cloud computing solutions in the U.S. and Western Europe
18.104.22.168. Increase in organizational and consumer data in Europe and Asia Pacific
22.214.171.124. High growth of SMEs and industrialization boom in China and India
126.96.36.199. Rising demand for outsourced services in the U.S. and UK
188.8.131.52. Large shift towards automation technologies in the manufacturing industry in South East Asia
184.108.40.206. Increase in mobile penetration and broadband infrastructure in South East Asia
220.127.116.11. Technological advancements in Philippines drives the demand for professional services
18.104.22.168. Digital transformation boom in Malaysia and India couple with government investments drives the system integration market
22.214.171.124. Rising IT spend in UAE
3.6.2. Industry pitfalls & challenges
126.96.36.199. Presence of technical challenges
188.8.131.52. High system integration costs
184.108.40.206. The outdated infrastructure in several economies
220.127.116.11. Interoperability issues
3.7. Growth potential analysis
3.8. Porter’s analysis
3.9. Competitive landscape, 2016
3.9.1. Company market share, 2016
3.9.2. Strategy dashboard
3.10. PESTEL analysis
Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/system-integration-market
This content has been published by Global Market Insights, Inc company. The WiredRelease News Department was not involved in the creation of this content. For press release service enquiry, please reach us at [email protected].