The global system integration market is expected to witness strong growth during the forecast period, starting in 2021 and ending in 2031.
System integration has emerged as key component for both internal corporations as well as B2B communication in an enterprise.
Some of the physical components of system integration include computer hardware, machine systems, and inventory.
COVID-19 pandemic outbreak positively impacted growth in global system integration market. The pandemic phase provided increased opportunities for businesses across end-use industries to integrate advanced technologies such as artificial intelligence and Internet of Things.
The integration of these advanced technologies in end-use industries positively impacted growth in global system integration market, during the pandemic phase.
Growing customer inclination towards virtualization is the key growth driver of global system integration market.
Also, increasing advancements in the field of cloud technologies are expected to create revenue-generating opportunities for leading players in global system integration market, in the coming years.
In addition to this, rising investments in distributed IT systems is anticipated to augment the growth in overall system integration market, in the years ahead.
Advancements to existing systems with integration of new technologies could help prominent market players in generate new revenue streams in future.
Other factors such as growing information technology industry as well as increasing need to integrate data and services in private clouds could also contribute to growth in global system integration market, in the coming years.
Infrastructure integration segment is projected to emerge as largest contributor, in terms of revenue, to overall market because of rising need for ICT infrastructure and improved business process efficiency in prominent countries worldwide.
BFSI end-use segment is anticipated to emerge as largest revenue-contributor to overall market in future because of growing digitization in the BFSO sector, which is anticipated to fuel the demand for system integration services.
The global system integration market is competitive, with the presence of numerous leading players. Many of these players are expected to account for a large share in overall market, in future.
R&D undertakings could be key, revenue-generating growth strategy for leading players in future.
Other strategies such as signing of collaborative agreements with smaller players could help prominent system integration market players in expanding their presence in global market and improving their revenue shares.
Leading market player TCS, in September 2021, signed a collaborative agreement with Excessive Networks, a cloud-based network provider in a bid to integrate AerohiveNetworks into their platforms.
Few well-established market players include IBM Corp. Accenture, Infosys, Oracle Corp., and Cognizant.
The global system integration market is classified into four regions, namely, North America, Europe, Asia Pacific, and rest of the world.
North America is expected to emerge as maximum revenue-generating region in global system integration market, in future. Rising adoption of advanced technologies such as Internet of Things as well as growing adoption of cloud-based services among small and medium-scale enterprises in countries such as the U.S. and Canada.
Also, presence of numerous leading players in these countries could help market growth in North America, in the coming years.
Asia Pacific is anticipated to witness significant growth in global market in future because of increasing network integration owing to growing information technology sector in countries such as India and China.
Europe is projected to witness moderate growth in overall market in future owing to reduced presence of leading market players in countries such as the U.K. and Germany.
The rest of the world is expected to witness sluggish growth in global market, in the coming years.