Increasing Penetration of Automation in Manufacturing Processes to Catalyze Growth
January 3, 2017 | Transparency Market ResearchEstimated reading time: 2 minutes
The majority of companies in the global system integration market are adopting various business strategies such as extensive research and development, mergers and acquisitions, and partnerships to have a strong footprint in this highly fragmented arena. Key players are focusing on promising sectors such as BFSI and healthcare in order to stay relevant in the market, says Transparency Market Research in a new study.
“They are introducing advanced data integration services to gain a competitive edge over their contemporaries,” says TMR’s lead analyst. Some of the prominent players in the global system integration market are BAE Systems Plc, Accenture Plc, Computer Science Corporation (CSC), Cognizant Technology Solutions, Harris Corporation, Fujitsu Limited, IBM Corporation, Lockheed Martin Corporation, Infosys Technologies, Oracle Corporation, Hewlett-Packard Company, and Tata Consultancy Services Limited.
The opportunity at the global system integration market is poised to reach US$377.5 bn by 2020, expanding at a noteworthy CAGR of 10.9% from 2014 to 2020. On the basis of service, the infrastructural integration services will command the lion’s share throughout the forecast period. However, the application integration services will rise at an impressive CAGR of 11.3% between 2014 and 2020.
North America to Retain Dominance through 2020
Geographically, North America will account for the leading share until 2020. The growth of the region is supplemented by the significant investments made by governments in implementing system integration solutions across various departments. Asia Pacific is estimated to exhibit a tremendous growth rate during the same period. Improving economic conditions and rapid globalization are propelling the growth of the region. In addition, the Chinese government is investing in connecting rural areas and developing cities via the internet under the latest five-year plan. Such government initiatives are contributing to the growth of the region.
Rising Investments in Information Technology Infrastructure to Play a Vital Role in Market Growth
With the increasing investments in the information technology (IT) infrastructure, the global system integration market has been exhibiting robust development of late. The rising trend of automation and integrated approach in business and manufacturing processes is working in the favor of the growth of the market. Moreover, the advancements in cloud technologies, big data analytics, and virtualization are likely to be a shot in the arm for the market.
In recent times, local players are aiming to have a global presence and the international players are striving to penetrate deeper in the market. Enterprises worldwide are increasingly demanding for system integration services as they aim to reduce the overall operational cost. However, the high cost and time required for the effective implementation of these services are limiting their adoption across various small and medium-sized (SME) enterprises. Moreover, the shortage of international standard protocols for the communication among information technology sub-systems are adversely affecting the growth of the region.
Suggested Items
Shane Whiteside of Summit Reflects on Today's PCB Landscape
05/08/2024 | I-Connect007 Editorial TeamSummit Interconnect began as a printed circuit board manufacturing company just eight years ago and has seen impressive growth organically and through acquisition. Summit President and CEO Shane Whiteside takes a few moments to share his thoughts on the growing PCB industry in the United States.
BAE Systems and Eaton Expand Collaboration to Deliver Electric Drive Solutions for Heavy-Duty Trucks
05/08/2024 | PRNewswireBAE Systems, a leader in electric propulsion, and Eaton, a global power management company, are expanding their collaboration to include electric vehicle (EV) solutions for heavy-duty trucks.
Coherix Partners with EMU on 'Factory of the Future' Technology Program
05/08/2024 | PRNewswireMichigan-based Coherix is working with Eastern Michigan University (EMU) in Ypsilanti to develop "factory-of-the-future" manufacturing and assembly technology.
2024 Apple iPad Pro Estimated to Ship Between 4.5 to 5 Million Units
05/08/2024 | TrendForceApple’s recent product launch in May introduced a lineup of new tablets featuring advanced AMOLED screens. Notably, the Pro version boasts a dual-layer tandem structure designed to address the longstanding challenges of screen burn-in and lifespan that are common with AMOLED displays.
Simbe Partners with Plexus to Scale Manufacturing and Meet Global Retail Demand
05/08/2024 | Globe NewswireSimbe, the leading provider of Store Intelligence™ solutions that increase retailer performance through unprecedented visibility and insights, today announced a partnership with Plexus Corp. to bring its best-in-class retail robotics-as-a-service to market quickly and at global scale.