Grand View Research, Inc. - Market Research And ConsultingAccording to report published by Grand View Research,The growing requirement for eradicating heterogeneity, multiplicity, and fluctuating distinctiveness of vital applications & infrastructures is anticipated to fuel the system integration market over the forecast period.The system integration market is projected to witness high growth over the forecast period, owing to the recurrent need for open and distributed architectures across the globe.
According to a report, "System Integration Market Size, Analysis Report By Services (Infrastructure Integration, Application Integration), By End-Use (IT & Telecom, BFSI, Healthcare, Defense & Security), By Region And Segment Forecasts, 2018 - 2025" , published by Grand View Research, Inc., The global system integration market is expected to reach USD 582.5 billion by 2025, Increased spending on system integration solutions, by the key players in the market, has enriched the IT infrastructure and subsequently eliminated redundancies. The growing requirement for eradicating heterogeneity, multiplicity, and fluctuating distinctiveness of vital applications & infrastructures is anticipated to fuel the system integration market over the forecast period.
Key Takeaways from the report:
The consulting service segment is projected to exhibit a significant growth with CAGR exceeding10.0% from 2016 to 2025, as there is a rising need for enterprises to assist users in designing their BCP/DR plan and conducting rehearsals for effective and efficient workflow
The IT & telecommunication segment is expected to gain prominence over the forecast period with an estimated CAGR exceeding11%, which can be accredited to the growing demand for distributed systems integration in the IT sector
Asia Pacific emerged as the fastest-growing region and is expected to witness a healthy CAGR of over 11%, owing to the mounting investments in security solutions
The key purveyors of this industry are Accenture, BAE systems, Fujitsu, Hewlett-Packard, IBM, and Lockheed Martin Corporation, among others
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The growing espousal of cloud computing along with numerous developments in virtual technologies is projected to trigger the adoption of system integration solutions. Technological advancements, such as Cloud Service Brokerage (CSB), Building Energy Management Systems (BEMS), Cyber-Physical System (CPS), and clinical integration, are anticipated to offer new opportunities for market growth.
The system integration market is projected to witness high growth over the forecast period, owing to the recurrent need for open and distributed architectures across the globe. However, high implementation costs may dissuade SMEs and start-ups from adopting system management solutions.
Grand View Research has segmented the global system integration market based on services, end-use, and region:
System Integration Services Outlook (Revenue, USD Million; 2014-2025)
Infrastructure integration
Application integration
Consulting
System Integration End-use Outlook (Revenue, USD Million; 2014-2025)
Telecommunication & IT
Defense & security
BFSI
Oil & gas
Healthcare
Transportation
Retail
Others
System Integration Regional Outlook (Revenue, USD Million; 2014 - 2025)
North America
U.S.
Canada
Europe
UK
Germany
France
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Middle East & Africa
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
For more information: www.grandviewresearch.com
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