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System Integration Market - Worldwide Forecasts & Analysis (2013 - 2018)

System integration market forecast to increase by 11.6% CAGR during the period 2013 to 2018


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2014-01-08 05:58:01 - System Integration Market - Worldwide Forecasts & Analysis (2013 - 2018) - a new market research report on companiesandmarkets.com

The World system integration market is forecast to total revenues of US$331.76 billion by 2018, increasing from a base of US$191.36 billion in 2013. The system integration market is forecast to increase by a CAGR of 11.6% between the period 2013 to 2018.

The leading companies operating in the system integration market include Accenture, Capgemini Group, Computer Sciences Corporation (CSC), Fujitsu Limited, IBM Corporation, Infosys Technologies, Lockheed Martin Corporation, Northrop Grumman Corporation, Science Applications International Corporation, Tata Consultancy Services, and Wipro.

There is an increased need for integrating systems across different industry verticals and globally is driving growth in investment in system integration information technology projects in leading companies. Amplification of complication in communication applications and network infrastructure has compelled companies to

 

 

choose cost-effective and distributed Information Technology (IT) applications. Heterogeneity, multiplicity, and varying distinctiveness of most applications have resulted in decentralization, digitalization, and globalization of business processes. As a result, the need for system integration services/solutions has increased among enterprises. The major factors driving the market are rise of government investment in IT, growth in technology and population, and the increasing need for industrial growth. Reforming regulatory regimes and the pressing need for industry growth are the prominent factors driving the consistent demand for integration of systems globally. Verticals such as defense, aviation and marine systems, energy, oil and gas, and telecommunication and IT are the opportunity drivers for vendors in the market. Factors restraining the market are the lack of network infrastructure, and the challenges faced while integrating various systems together. This leads to better management of IT infrastructure, data integrity, and reduced redundancies.

Increase in the spending for system integration solutions by companies has resulted in better management of Information Technology (IT) infrastructure, data integrity, and reduced redundancies. It has eradicated the heterogeneity, multiplicity, and varying distinctiveness of key applications and infrastructures. System integration brings cost-effective and a solitary solution for IT infrastructure and application software available globally. It is expected that future outlook for growth in the market will continue to remain bright as businesses continue to search for open and distributed systems/architectures.

North America (NA) is expected to continue its leading regional market share, followed by the Asia Pacific (APAC) region. Strong investments made by the federal government on system integration, largely driven by the willingness to adopt innovative IT solutions within government departments, make the U.S. a major market. The APAC region is expected to be the fastest growing region. It is expected that verticals such as defense, aviation and marine systems, energy, oil and gas, and telecommunication and IT will occupy the leading market share in the overall market.

It is estimated that enterprises will invest in the market in a much encouraging rate in the coming years. Sectors such as aviation and marine systems, consumer goods and retail, defense, energy, oil and gas, healthcare, and manufacturing have shown positive growth outlook in this market. These sectors account for a major share in the overall system integration market. These developments are not only ensuring the overall growth, but are also showcasing newer client success cases that make the market move forward toward further implementations across other verticals.

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