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 in the market
include Accenture Plc, Amdocs Inc., Atos
SE, Capgemini Group, CGI Group Inc., Cognizant Technology Solutions
Corporation, DXC Technology Co., Fujitsu Limited, 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 (SAIC),
SmartBear Software Inc., Tata Consultancy Services Limited (TCS), Tech Mahindra
Limited, TestPlant Limited, Tricentis GmbH, T-Systems International GmbH, 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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