Global System Integration Market: Overview
The global system integration market is slated to grow at a stellar pace in the times to follow. The need for resource optimization across industrial and commercial units has created a plethora of opportunities for market growth. An industrial unit is characterised by the presence of several sub-components that operate in the physical and virtual spaces. Furthermore, commercial units also consist of an integrated ecosystem of various nodes and technologies that are knit together to produce desired outcomes. Therefore, the relevance of system integration in the context of industrial and commercial growth cannot be underestimated. The total volume of revenues within the global system integration market is expected to increase by a dramatic chase.
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In this review, Transparency Market Research (TMR) sheds value on some of the prominent dynamics of growth within the system integration market. The need to ensure that all the subsystems of an economic setup function with ease and smoothness has aided market growth. The regional dynamics of the global system integration market reveal that North America and Europe are undergoing digital transformation that shall in turn aid the growth of regional system integration market.
Global System Integration Market: Notable Developments
In light of the growing focus on digitalisation across the corporate sector, the following developments have taken shape across the system integration market.
- Deloitte is making formidable efforts to fit into the requirements of companies for system integration. With a wide range of customers in industries such as marine, pharmaceuticals, and healthcare, Deloitte is a known name for system integration. The distinct integration strategy of the company, coupled with its long-term experience, has given a thrust to market growth.
- Tata Consultancy Services (TCS) is also a well-acclaimed player in the global system integration market. The expertise of TCS in providing system integration to several industrial players has given a thrust to market growth. TCS has a wide consumer base across the US and UK. The outsourcing of services to TCS, especially by firms in the US and UK, is an important dynamic of market growth.
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System Integration Market: Key Players
Global System Integration Market: Growth Drivers
- Need for Enterprise Resource Planning to Drive Demand
Enterprise resource planning has emerged as an important system that helps in fostering agility, ease, and resilience across an operational industrial or commercial unit. It is a software platform that enables faster production, delivery, and restoration. In the context of industrial manufacturing, ERP ensures operational and financial efficiency through the use of easily navigable software technologies. The nimble approach followed by companies, through the use of ERP, has helped in driving demand within the global market. Furthermore, ERP helps in increasing the efficiency of the workforce, and eliminates the need for manual labour in several domains. In this way, the financial burden of companies is also offloaded with the help of enterprise resource planning. Considering the aforementioned factors, the total value of the global system integration market is projected to increase.
- Need for Multiple Business Verticals
Coordination between various business verticals of a company is key in ensuring smooth and seamless functioning. Several industries and commercial units focus on combining the synergies of their sub-components in order to initiate new operations. Furthermore, the importance of cooperation across various sub-domains within the industrial sector has also aided market growth. Communication of information and sharing of insights becomes easier with the help of system integration platforms. Therefore, the need for resilient functioning within commercial and business units shall drive demand within the global market. The need for fostering overarching functionality across the industrial sector is an important dynamic of market growth.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.