IMARC Group, a leading market research company, has recently releases report titled “System Integration Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global system integration market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
The global system integration market size reached US$ 388.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 627.3 Billion by 2028, exhibiting a growth rate (CAGR) of 7.7% during 2023-2028.
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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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.
The report has segmented the market into the following categories:
Breakup by Service:
Infrastructure Integration
Application Integration
Consulting
Breakup by End Use Industry:
BFSI
Government
Manufacturing
Telecommunications
Retail
Oil and Gas
Healthcare
Others
Breakup by Region:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
The report covers the major market players including:
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
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