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According to Global Market Insights, System Integration Market size is projected to exceed USD 450 billion by 2024. System integration has become an essential part of the agile business environment. System integration industry has witnessed an enormous growth owing to the increasing investments globally from the IT companies to adapt continuously to the changing business environments and needs. The growing trend of cloud services and IoT is driving the system integration industry as the data is distributed over various servers globally. System Integration enables a robust infrastructure management, leading to an improvement in the productivity, decrease in data redundancy, and the maintenance of data integrity. This is augmenting the system integration market.Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/1819
System integration market demand primarily arise from IT companies that enable them to keep up with the rapid pace of technological advancements. System integration offers companies advantages such as cost-effectiveness, viable off-the-shelf software, and preconfigured mechanisms to maintain a competitive edge in the marketplace. This eliminates organizations from investing in expensive and customized implementations that might add to the cost, narrowing organizations’ profit margins.
The global IT industry is valued at over USD 4.5 trillion with the U.S. accounting to be over USD 1.5 trillion market. This growing IT industry is driving the demand for infrastructure integration, application integration, and consulting services. The IT landscape has evolved enormously in areas of the integration of cloud and IoT technology. The consumer data is increasing rapidly, and data integration has become important for any business success. The price of the IT system integration is growing at a CAGR of 1% owing to the increasing demand from the IT industry. However, the lack of skilled workforce is one of the limiting factors for the system integration market. It has become difficult to keep pace with relevant skills owing to the rate at which technological shifts are taking place globally.
Application integration services will witness a lucrative growth over the forecast period owing to the increased unified communication and security software. Additionally, due to the rising adoption of cloud globally, the demand for infrastructure system integration has shown a tremendous demand. The benefits and features offered by the cloud, such as pay-as-you-go model, scalability, and on-demand access, have fueled the system integration market.
Browse key industry insights spread across 250 pages with 259 market data tables & 41 figures & charts from the report, System Integration Market in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/system-integration-market
North America is the leading region for the system integration market owing to the presence of major IT companies investing heavily in IT management and the adoption of cloud services by large enterprises and SMEs. Asia Pacific is anticipated to be the fastest growing market owing to the globalization and virtualization of data. Furthermore, significant investments owing to several benefits offered by these solutions & services, Latin America, and the Middle East & Africa are also expected to make such investments in the system integration market.
Fujitsu Ltd., Hewlett-Packard Company, Accenture, BAE Systems, Oracle Corporation, Lockheed Martin Corporation, and IBM are the key players in the system integration market. The system integration market is highly competitive due to the presence of technology giants in this landscape.
Table of Contents (ToC) of the report:
Chapter 5. System Integration Market, By End-use
5.1. System integration industry share by end-use, 2016 & 2024
5.2. IT & telecom
5.2.1. Market estimates and forecasts, 2013 – 2024
5.2.2. Market estimates and forecasts, by region, 2013 – 2024
5.3. BFSI
5.3.1. Market estimates and forecasts, 2013 – 2024
5.3.2. Market estimates and forecasts, by region, 2013 – 2024
5.4. Healthcare
5.4.1. Market estimates and forecasts, 2013 – 2024
5.4.2. Market estimates and forecasts, by region, 2013 – 2024
5.5. Retail
5.5.1. Market estimates and forecasts, 2013 – 2024
5.5.2. Market estimates and forecasts, by region, 2013 – 2024
5.6. Manufacturing
5.6.1. Market estimates and forecasts, 2013 – 2024
5.6.2. Market estimates and forecasts, by region, 2013 – 2024
5.7. Energy & utilities
5.7.1. Market estimates and forecasts, 2013 – 2024
5.7.2. Market estimates and forecasts, by region, 2013 – 2024
5.8. Others
5.8.1. Market estimates and forecasts, 2013 – 2024
5.8.2. Market estimates and forecasts, by region, 2013 – 2024
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/system-integration-market
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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