System,Integration,Market,Surg technology System Integration Market to Surge Owing to Rising Investmen

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System integration allows end users to build computing systems by working out a suitable combination of software products and hardware from various vendors. By the implementation of system integration, a company may achieve lower expenditure and components pertaining to software that are pre-configured. These software components assist companies in acquiring their major business goals.Conventionally, system integrators have extensively supported the IT industry as technical specialists to channel the gap between software and hardware. A lot of computing devices and systems in IT utilize various coding standards, numerous communication protocols and a variety of databases. This results in decentralized, multiple, heterogeneous, complex, and distinctive infrastructure of these systems around the globe. The System Integration Market was estimated at US$191.36 billion in 2013, is expanding at a CAGR of 10.9% during the forecast period from 2014 to 2020, and is predicted to reach US$377.59 billion by 2020.Download PDF for System Integration Market : Integration Market: Key Application Areas, Drivers and RestraintsThe key application areas of system integration include marine, defense, telecommunication and IT, oil & gas, aviation, banking, and healthcare. In 2013, financial services, banking, and insurance (BFSI) was the largest revenue-generating application of system integration, which represented a share of 17.5% of the overall system integration market. Nowadays, local firms are aspiring to go global, and global firms are aiming for a deeper penetration into the disparate regional markets. In an era of increasing operational cost, numerous small, large, and medium enterprises are inclined towards system integration services, as they intend to decrease total operational cost.The global market for system integration is anticipated to be propelled by rising investment in information technology (IT) infrastructure, which in turn will boost the demand for integrated systems, developing technologies, namely big data analytics and cloud, as well as increase investment in automation solutions. In spite of these driving forces, high implementation time and cost and the IT domain’s reduced integration standards are some factors that could restrain market growth of system integration services.Infrastructure Integration Services Surfaced as Largest Segment on the Basis of RevenueIn terms of service type, the global system integration market is segmented into infrastructure integration services, consulting services, and application integration services. In 2013, out of all the key market segments, the biggest segment on the basis of revenue generation was the infrastructural system integration segment and it is expected to sustain its dominance during the forecast horizon. This is primarily due to the predicted development of cloud-based integration services as well as network management in the near future.Based on geography, the system integration market is segmented into North America, Europe, Asia Pacific, and Rest of the world (RoW). In 2013, North America dominated the global system integration market, taking up a share of 33.0%. Developing economies of Asia Pacific such as India, Japan, and China are predicted to be the most swiftly developing regional markets for system integration.Major players dominating the global system integration market include BAE Systems Plc, Accenture Plc, Cognizant Technology Solutions, Fujitsu Limited, Computer Science Corporation (CSC), Harris Corporation, IBM Corporation, Hewlett-Packard Company, Infosys Technologies, Oracle Corporation, Tata Consultancy Services Limited, and Lockheed Martin Corporation.Browse Market Research report at Article Tags: System Integration Market, Global System Integration, System Integration, Integration Market, Rising Investment, Integration Services, Global System



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