According to the latest report by IMARC Group, titled, “System Integration Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, The global system integration market report reached US$ 359 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 627 Billion by 2027, exhibiting a CAGR of 9.9% during 2022-2027.
System integration is the process of creating an elaborate information system by connecting numerous information technology (IT) software or services and enabling them to function together. It comprises various sub-systems, computer hardware, inventory, applications, and databases that are interconnected to create a comprehensive administration. It is available as point-to-point integration for managing simple single operations and star integration for controlling complex sub-systems. It determines the company requirements, analyzes operational feasibility, and develops a management plan before integrating various components into a unified system. It is widely utilized by businesses to maintain smooth workflow, boost productivity, and upgrade the quality of everyday operations. In addition, it streamlines and simplifies communication between the internal systems of the company and maintains a smooth connection between the organization and third parties. It also accelerates the outflow of information and reduces operational costs. System integration enables organizations to smoothly extract valuable business insights for making better decisions and managing all departments. It improves retail management systems by providing real-time visibility into the facets of business, eliminating various IT maintenance costs, reducing data management requirements, expanding systems to new channels, and enhancing the customer service experience. Furthermore, as system integration facilitates work efficiency, it is widely utilized in healthcare, education, finance, aerospace, automotive, defense, chemical, and electronics industries.
Base Year: 2021
Forecast Year: 2022-2027
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic
System Integration Market Trends:
The rising adoption of system integration in various industries to enhance productivity and security operations around the world represents one of the key factors driving the market. Besides this, technological advancements in business management, along with the growing trend of cloud computing and distributed information technology systems worldwide, are positively influencing the market. In addition, rapid expansion of e-commerce businesses due to the increasing online shopping activities among individuals are propelling the growth of the market. Apart from this, rising concerns about data management and security maintenance among various companies due to the increasing incidences of cybersecurity breaches and hacking across the globe are strengthening the growth of the market. Additionally, the growing utilization of new-gen operations systems and software (NGOSS) by mobile network operators to facilitate the integration of internet protocol (IP) frameworks and enhance customer care services is offering a favorable market outlook. Moreover, the increasing utilization of various electronic devices, such as smartphones, laptops, and tablets, is contributing to the growth of the market. Furthermore, key market players are extensively investing in research and development (R&D) activities to introduce artificial intelligence (AI) and the internet-of-things (IoT) enabled systems for enhancing business operations, which is expected to bolster the growth of the market.
System Integration Market Report Scope
|Market size value in 2021||US$ 359 Billion|
|Market forecast in 2027||US$ 627 Billion|
|Growth Rate||CAGR of 9.9% from 2022-2027|
|Base year for estimation||2021|
Global System Integration Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Accenture Plc., BAE Systems Plc., Capgemini SA., Cisco Systems Inc., Dell Inc., Fujitsu Limited (Furukawa Group), HCL Technologies Limited, Hewlett Packard Enterprise Company, IBM Corporation, Infosys Limited, Oracle Corporation, Tata Consultancy Service Limited and Wipro Limited.
The report has segmented the market on the basis of region, service and end-use industry.
Breakup by Service:
- Infrastructure Integration
- Application Integration
Breakup by End-Use Industry:
- Oil and Gas
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico Others)
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Key highlights of the report:
Market Performance (2016-2021)Market Outlook (2022-2027)Market TrendsMarket Drivers and Success FactorsThe Impact of COVID-19 on the Global MarketValue Chain AnalysisStructure of the Global MarketComprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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