System Integration Market size was valued at USD 259.9 billion in 2017 and is anticipated to reach USD 582.5 billion by 2025. Global system integration demand is expected to grow at a steady rate on account of increasing need of homogenous networks. Globalization, digitization, and decentralisation of activities have generated the need for economy technological solutions. System integration is a process of through which multiple systems are connected to bring it on a common platform. This helps in the incorporation of various departments and makes data availability on a real-time basis. Multiple functions within an organisation can access data and visualise information simultaneously for better decision making.
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The key driving factors responsible for the growth of System
Integration market :
This technology of integrating
systems is effective in delivering cost optimizing solutions in the field of
software application infrastructure. It helps in delivering better
infrastructure management and maintaining data integrity. It enhances efficiency
and operational productivity by reducing data errors. Development of technology
in the field of cloud and virtual technology is expected to drive the market
over the forecast period. Further, increasing demand for distributed and open
architecture systems is anticipated to fuel the system integration market in
near future.
Lack of suitable network related
infrastructure and the high cost of implementation is expected to pose a great
challenge to this industry. Integrating different functions need high skilled
professional with diverse functional knowledge. Shortage of skilled
professionals is another challenge for the overall industry growth. Companies in various sectors are expected to
invest in developing their IT infrastructure. These investments come in the
form of new implementations or updates. The various verticals where system
integration is primarily expected to be implemented include banking, financial
institutions, logistics, military, telecommunications, and healthcare, retail,
energy, and government institutions. Increasing demand from these sectors
provides great opportunities which in turn are expected to propel the overall
market growth over the forecast period.
Banking and Finance are
anticipated to be the most lucrative industry in near future. Aviation industry
is expected to provide huge opportunities over the forecast period on account
of globalisation and increasing air traffic. Development of new technologies
which includes clinical integration, cyber-physical systems, energy management
system, and cloud service brokerage provides huge opportunities for overall
industry growth.
System integration is segmented
as application integration, consulting services, and infrastructure
integration. The introduction of dynamic scaling, utility pricing, and variable
costing has been several characteristics in infrastructure system integration.
Further, cloud technology is also expected to hold a major share in near
future. Dynamic scaling helps users to use a single hardware and is one of the
popular implementations within organisations having fluctuating demand and
moderate investment in IT infrastructure. Data centre management, network
integration, integrated communication, and building management are other
popular infrastructure system integration.
Unified communication, integrated
security software, and data integration are the some of the main features of
application integration services. Data integration has been growing at a very
fast rate and is expected to hold a major share in the market. Business process
synchronization, business transformation, and lifecycle management are the key
tasks undertaken by consulting service applications. Automated governance and
efficiency are the key reasons for implementation of business process integration.
Vast use of network management and cloud services has boosted the
infrastructure system in recent years.
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