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The leading global organizations are influenced by ongoing technological trends, such as hardware and software solutions, big data management software, and mobility applications. As a result, there is a strong need to standardize business processes and reduce complexity.
Systems that are not integrated have significantly higher implementation cost and resource consumption, thereby making it necessary to adopt desired system integration services. System integration functions to integrate all the physical and virtual components of an organization's system into a single system that functions as one.
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The main reason behind organizations adopting system integration services is the need to improve productivity and quality of their operations. The goal of these services is to get the organizations various IT systems to interact with each other through the integration, speed up information flows and reduce operational costs for the organization while effectively managing end-to-end supply chain process.
Growth in cloud computing technology has emerged as a significant system integration market trend. The advantages of cloud-based system integration include scalability, absence of single point of failure, and lack of investments in hardware favors adoption and implementation of cloud integration solutions and services. Also, rising need for eliminating multiplicity, heterogeneity, and evolving uniqueness of important applications and infrastructures is anticipated to pave way for innovative system integration market opportunities.
Huge investments by the key market players in system integration solutions have significantly reduced redundancies and proved beneficial for the IT infrastructure. Among the major market players in the global system integration market include Accenture Plc., BAE Systems Plc., Capgemini S.A., Cisco Systems, Inc., Fujitsu Limited, General Dynamics Corporation, Harris Corporation, IBM Corporation, Infosys Technologies, Computer Sciences Corporation (CSC), Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, Leidos Corporation, Tata Consultancy Service Limited, Wipro Limited, Oracle Corporation, and HCL Technologies, among others. In order to maximize performance and achieve strategic advantage, players are considering new technologies to improve IT service delivery and help streamline ongoing operations.
By Service Type
By End-Use Industry
The system integration market demand in the Asia Pacific is projected to witness high growth during the forecast period due to the presence of large number of SMEs and the facility of low-cost service offerings in the region. APAC countries such as India, Malaysia, China, and Philippines are hubs of consulting and outsourcing activities.Presence of large pools of highly skilled employees with low hourly pays has enabled foreign players to adopt these services. In Europe, there is a high demand by organizations to enhance the existing network infrastructure. The deployment of system integration services offers a strong platform for the adoption of cloud computing and IoT in the European business landscape.
Furthermore, the market in Middle East & Africa and Latin America is expected to grow at a significant CAGR from 2019 to 2026. Industries and global economies are rapidly realigning and consolidating around digital innovation. For instance, the government of UAE has funded various smart city projects, aimed at bringing digital transformation and accelerating economic growth.
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