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Global System Integration Market Expected to Grow at a CAGR of 4.9% between 2022 and 2027.

According to a new report by EMR titled, 'Global System Integration Market Report and Forecast 2022-2027', the global system integration market size was valued at almost USD 45.63 billion in 2020. The market is further expected to grow at a CAGR of 4.9% in the forecast period of 2022-2027 to reach USD 60.8 billion by 2026.

The global system integration market is led by North America. The market in the region is driven by the large investments made by governments for the incorporation of innovative solutions in the various departments. The Asia Pacific region is also expected to grow rapidly owing to the globalisation and virtualisation of data, coupled with the increasing demand for system integration services within the telecom market. India and China offer lucrative opportunities for the market growth of system integration.

Accenture PLC (NYSE: ACN) and Capgemini SE (OTCMKTS: CGEMY) are some of the leading system integrator companies. In February 2021, Accenture acquired an award-winning product design and innovation agency, VanBerlo, to help its clients develop smart connected solutions. The acquisition promises to invigorate Accenture’s capabilities to help clients get the best of both the worlds, i.e., physical products and digital services. With the combination of physical objects and digital services, the agency’s smart connected solutions can deliver more personalised offerings and convenience to users, along with providing companies with new ways to enlarge their businesses.

Market Analysis by Service, End Use, and Region:

  • The global system integration market, on the basis of service, is divided into infrastructure integration, application integration, and consulting. The infrastructure integration is further divided into building management system, integrated communication, data centre infrastructure management (DCIM), and network integration, among others. The application integration is further divided into application lifecycle management (ALM), data integration, integrated security software, and integrated social software, among others.
  • On the basis of end use, the market is divided into IT and telecom, BFSI, energy and utilities, manufacturing, healthcare, and retail sectors, among others.
  • Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global system integration market is driven by the growing introduction of automation technology in industries, which offers advantages to the manufacturing companies on the basis of high productivity, enhanced product performance, cost and energy management, and low waste.
  • The system integration industry is further aided by the security concerns and rising use of Internet of Things (IoT) in industrial automation, which is further increasing the demand for automation systems.
  • Factors such as the higher bargaining power of system integrators and the progression of cloud computing technology are propelling the market growth of system integration.

Key Offerings of the Report:

  • The EMR report gives an overview of the global system integration market for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the service, end use, and regional markets of system integration. 
  • It assesses the market based on the SWOT and Porter’s Five Forces models.

Wipro Limited, Cognizant Technology Solutions Corporation, Deloitte Touche Tohmatsu Limited, HCL Technologies Limited, IBM Corporation, Capgemini SE, Cisco Systems, Inc., and Accenture PLC, among others, are the key players in the global system integration market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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