System Integration Market by service segment indicates that the infrastructure integration services dominates in terms of size. This is largely due to the high demand by organizations to improve the existing network infrastructure and provide a strong platform for the adoption of cloud computing and IoT in the business landscape. Additionally, government bodies are also investing heavily in providing broadband and network connectivity to consumers located in underserved and rural locations.
The cumulative proliferation of the internet and its impact on numerous operations has added a renewed stimulus to system integration market. The proliferating trend of outsourcing business processes has further led to increased focus on system integration. Advancement in technologies has prompted many businesses to adopt mobile channels to approach and reach their customers easily – a trend that would contribute toward augmenting system integration market outlook.
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Among the various segments that contribute toward system integration market growth, integrated building management system would require a special mention. Technological developments in the system integration industry have led integrated buildings to be able to maintain heating/cooling and even support energy conservation, monitor individual power supplies and initiate emergency response. According to the research conducted by the American Society of Heating, Refrigerating and Air-Conditioning Engineers, investing in an integrated building management system can improve the productivity of employees and occupants and save more than 14% in annual costs measured in lost productivity.
System integration market segmentation by end-use indicates that the BFSI sector is anticipated to experience growth at a very rapid rate. Organizations operating in this sector are required to collect large amounts of consumer data of a very confidential nature. Moreover, the movement to the online platform and to mobile devices is providing impetus for the system integration market growth.
In the present industrial scenario where companies require their systems to work in meticulous synchronization, the role of system integration market is considered highly significant. In an effort to stay abreast of all the developments that have the potential to impact the company’s remuneration, most growing organizations are seeking the deployment of an integrated system that can standardize business procedures and reduce the complexity of processes.
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The increase in government initiatives, primarily in economies such as China, India, and Philippines, promoting the growth of SMEs is amplifying the demand of the system integration market. These services are essential as they provide substantial cost savings by decreasing the duplication of data and the need to test and perform security checks on the different hardware or software systems across an organization.
The high initial costs associated with using these services and the lack of the appropriate broadband infrastructure and network are some of the major factors that might hinder the growth of system integration market. SMEs for instance, are a severely restricted financial budget and hence have difficulty in accessing this facility. However, highly skilled labor has been helping to lower the overall costs of these services and is anticipated to drive system integration industry demand in the long term. More recently, the rising prominence of IoT and the advent of Industry 4.0 have heightened the importance of the interconnection of various disjointed hardware and software solutions throughout the organization. This will unrefutably fuel system integration market share, slated to increase at a CAGR of 6% over 2017-2024.
Table Of Content For This Research Report:
System Integration Market, By Service
- Infrastructure Integration Service
- Building Management System (BMS)
- Integrated Communication
- Data center Infrastructure Management System (DCIM)
- Network Integration
- Cloud Integration
- Application Integration service
- Application Lifecycle Management (ALM)
- Data integration
- Integrated Security Software
- Integrated Social Software
- Consulting Service
System Integration Market, By End-Use
- IT & Telecom
- Energy & Utility
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