System Integration Market-Fractovia

Global System Integration Market to grow
at 6% CAGR from 2017 to 2024:
Fractovia.org
Bearing in mind the aforementioned instances, it is rather imperative that the global
system integration industry share is bound to proliferate at an exceptional pace owing
to the burgeoning product demand from government and utilities sectors. In addition
to this, numerous government initiatives have been allotting massive funds to upgrade
and integrate existing systems – a factor that would consequentially benefit the system
integration market over the ensuing years.
Regarded as one of the most rapidly progressing niche verticals of smart and
sustainable technology industry, system integration market has garnered a rather
commendable acclaim over the past few years. The emergence of high-grade
technological solutions such as IoT and big data has come on the heels of the overall
growth potential of the global system integration industry. Moreover, the rising
necessity to assimilate existing systems with the latest technologies to create a
seamless coordinated system has further favored the growth of this business sphere.
In fact, as per a research report collated by Global Market Insights, Inc., the overall
system integration market share surpassed a total of USD 250 billion in the year 2016.
Government and utilities sector to create extensive business opportunities for
system integration market participants
Elaborating further, it has been observed that the demand for system integration
services across government and utilities sector has seen a meteoric rise in the recent
times. In order to deploy non-conventional and sustainable power grids, various
government agencies in emerging economies have been adopting advanced system
integration services. Apparently, among these services the major ones include security
management systems, data integration, building management systems. Below are a
few major instances of how national governments across the globe are increasingly
leveraging the benefits of system integration services:
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• Apparently, the Australian government, in 2017, awarded a seven-year contract
to Accenture for transforming the nation’s 30-year-old payment system. Subject
to contract rules, the system integration market giant is likely to work with
Department of Human Services (DHS) of Australia and other regulatory
institutions to create an all-new online user interface for the centralized payment
system, which reportedly processes more than AUD 100 billion per year. Under
the Welfare Payment Infrastructure Transformation (WPIT) program of DHS,
Accenture would design a state-of-the-art technology platform and a new
payment utility solution to deliver payments at a faster pace.
• Under the Make in India initiative, the Indian Government has rolled out a
comprehensive national manufacturing policy which consists of a provision to
allot a 25% grant to Small and Middle-sized Enterprises (SMEs) for
compensating the expenditure incurred on audit. Moreover, the scheme aims
to provide part of reimbursement to SMEs in order to acquire advanced
technologies, subject to a maximum of USD 30,769. As a consequence of the
implementation of these schemes, the system integration market size in India
is likely to witness commendable expansion in the forthcoming years.
India system integration market size, by service, 2016 & 2024 (USD Billion)
Speaking of the competitive spectrum of system integration industry, the presence of
prominent IT giants including Accenture, Hewlett-Packard, IBM Corporation, HCL
Technologies Ltd, Oracle Corporation, CSC, Capgemini, Tech Mahindra has led to
numerous strategic collaborations. For instance, in late 2017, Tech Mahindra and
Toshiba Digital Solutions teamed up to leverage the prowess of system integration
capabilities and the latest IoT technologies of each other. The strategic partnership
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apparently aims to work in the area of a smart factory and provide a comprehensive
solution for its consumers.
With the need to create a smooth coordinated system and enhance the efficiency of
their existing system integrators, numerous business organizations have been reaching
out to the system integration industry players. As these organizations are readily
impacted by altering technological trends such as IoT and big data management
software, the business procedures need to be highly optimized and integrated.
Consequentially, owing to the aforementioned factors, the system integration market is
forecast to accrue a humongous remuneration of around USD 450 billion by 2024, as
per reliable estimates.
Browse key industry insights spread across 250 pages with 259 market data tables &
41 figures & charts from this report “System Integration Market” in detail along with
the table of contents at: https://bit.ly/2KriCJp
Industry Background
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