System Integration Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
The global system integration market reached a value of 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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
System integration refers to the process of connecting the physical and digital IT infrastructure, including machine systems, inventory, databases, applications, protocols, formats and data use patterns, into a centralized network. It is installed using different methods, such as the horizontal, vertical, star and common data formats, with business process management, computer networking and manual programming. It maintains data integrity, reduces operational costs, increases workflow efficiency, enhances productivity, and improves business-to-business (B2B) communication. Consequently, it is widely employed in the healthcare, government, oil & gas, telecommunications and IT, and banking, financial services and insurance (BFSI) sectors.
System integration Market Trends:
The rising scalability among businesses, along with the widespread adoption of advanced technologies, such as big data, cloud-based services, and Software-as-a-Service (SaaS), have increased the complexity of operations in different organizations. Consequently, there is a rise in demand for distributed information technology (IT) solutions, such as system integration, for streamlining different systems. Apart from this, the utilization of Integration Platform as a Service (iPaaS) solutions is expanding the applications of system integration in industries such as transportation, and oil and gas as it provides the ability to share integrated resources across multiple applications. As a result, several organizations are altering their business models and adopting remote working solutions. This has further escalated the demand for system integration as it allows secure and easy remote access to data on a real-time basis.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global system integration market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on service and end use industry.
Breakup by Service:
Breakup by End Use Industry:
Oil and Gas
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined with some of the key players being 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.
Key Questions Answered in This Report:
How has the global system integration market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global system integration market?
What are the key regional markets?
What is the breakup of the market based on the service?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global system integration market and who are the key players?
What is the degree of competition in the industry?
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