The Global Market for Systems Integration Services is Projected to Reach US$388.9 Billion by 2022
Investments in IT & Network Infrastructure
Development Drive the Global Systems Integration Services Market, According to
a New Report by Global
Industry Analysts, Inc.
GIA launches comprehensive
analysis of industry segments, trends, growth drivers, market share, size and
demand forecasts on the global Systems Integration Services market. The
global market for Systems Integration Services is projected to reach US$388.9 billion
by 2022, driven by increasing investments in the development of IT
and network infrastructure and growing need for integration in heterogeneous IT
environment.
Systems integration is
defined as a process of unifying various computing system components including
software, hardware, and IT services into a single system to ensure smooth
functioning of all the components together. In information technology, systems
integration can be defined as a process used to link together various software
applications and computing systems to make the components function as a single
system. With rising levels of business process complexity led by growing
sophistication of enterprise networks and increasing volumes of data to be
managed, companies are increasingly adopting advanced systems integration
technology for improved efficiency and productivity with reduced costs. Systems
integration has traditionally been used in the IT sector to bridge the gap
between hardware and software. In the IT sector, computing devices and systems
use different protocols, coding standards, and databases, resulting in
decentralized, multiple, complex, distinctive, and heterogeneous distributed
system infrastructure, thereby creating the need for systems integration.
Globalization, digitization, and decentralization of businesses continue to
force organizations to adopt distributed IT solutions. This scenario is
bringing systems integration into the spotlight as a cost-effective solution
for IT infrastructure and application software that helps in IT infrastructure
management, maintenance of data integrity, and data redundancy reduction,
thereby helping enhance organizational efficiency and productivity.
Increasing investments in
automation solutions, continued advancements in virtual technologies, and the
emergence of cloud computing and big data analytics, are benefiting growth in
the systems integration market. Rising significance of Systems
Integration as a Service (SIaaS) and the growing demand for
cloud-based systems integration services are also driving growth in the market.
The trend towards Internet of Things (IoT) is pushing enterprises to upgrade
their obsolete and legacy control & automation systems, thereby driving the
adoption of systems integration. In the coming years, growth will be led by
increased corporate efforts directed at application consolidation, optimization
and rationalization. The need to connect and synchronize applications to help
them communicate and collaboratively function in a converged environment will
drive growth for integration services. In addition, factors such as IT
fragmentation, the need to remain agile and adaptive, to overthrow
inflexibilities arising out of a disintegrated IT ecosystem, will push
businesses to adopt a wide range of integration practices, policies, platforms,
prototypes, and processes.
As stated by the new
market research report on Systems
Integration Services, Europe represents the largest market worldwide,
followed by the United States. Asia-Pacific ranks as the fastest growing market
with a CAGR of 13.9% over the analysis period, led by factors such as strong
growth in developing Asian countries such as China and India, strong presence
of leading players, and globalization and decentralization of businesses.
Key players covered in the
report include Accenture Plc., Amdocs, Inc., Atos SE, Capgemini Group, CGI
Group Inc., Cognizant Technology Solutions Corporation, Computer Sciences
Corporation (CSC), Fujitsu Limited, Hewlett-Packard Development Company L.P.,
Hitachi Ltd., IBM Corporation, Indra Sistemas, S.A., Infosys Ltd., Micro Focus
International plc, Microsoft Corporation, NEC Corporation, Northrop Grumman
Corporation, Oracle Corporation, SAP SE, Science Applications International
Corporation, SmartBear Software Inc., Tata Consultancy Services Limited, Tech
Mahindra Limited, TestPlant Limited, Tricentis Technology & Consulting
GmbH, T-Systems Limited, UST Global, and Wipro Limited, among others.
The research report titled
“Systems Integration Services: A Global Strategic
Business Report” announced by Global
Industry Analysts Inc., provides a comprehensive
review of market trends, issues, drivers, mergers, acquisitions and other
strategic industry activities of global companies. The report provides market
estimates and projections for major geographic markets including the United
States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and
Rest of Europe), Asia-Pacific (Australia, China, India, and Rest of
Asia-Pacific), Latin America (Brazil, and Rest of Latin America), and Rest of
World.
Global
Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights
Reserved.
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