Overview and Scope
Integrated systems refer to interconnected networks or components that work together as a unified whole to perform specific functions or tasks efficiently. These systems integrate various components, technologies, or processes to create a unified solution that offers enhanced efficiency, performance, and functionality compared to individual components or disparate systems.
Sizing and Forecast
The integrated systems market size has grown rapidly in recent years. It will grow from $25.24 billion in 2023 to $29.3 billion in 2024 at a compound annual growth rate (CAGR) of 16.1%. The growth in the historic period can be attributed to expanding digital transformation, cloud-specific spending is growing, expanding broadband infrastructure, benefits of increasing productivity, helps to reduce IT management cost.
The integrated systems market size is expected to see rapid growth in the next few years. It will grow to $53.66 billion in 2028 at a compound annual growth rate (CAGR) of 16.3%. The growth in the forecast period can be attributed to increase in the demand for system integration services, development of software-defined vehicles, rise in demand for distributed information technology (IT) solutions, increasing adoption of cloud computing, increasing need for automation technologies. Major trends in the forecast period include technological advancements, the widespread adoption of integrated systems, need for hyper-converged infrastructure, rise in use of software-defined solutions, product innovations.
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/integrated-systems-global-market-report
Segmentation & Regional Insights
The integrated systems market covered in this report is segmented –
1) By Product: Integrated Platform Or Workload Systems, Integrated Infrastructure Systems
2) By Service: Integration And Installation, Consulting, Maintenance And Support
3) By End-User: Banking, Financial Services And Insurance (BFSI), Information Technology(IT) And Telecom, Retail, Manufacturing, Healthcare, Other End Users
North America was the largest region in the integrated systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the integrated systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14940&type=smp
Major Driver Impacting Market Growth
The increasing adoption of cloud computing is expected to propel the growth of the integrated systems market going forward. Cloud computing is the delivery of computing services, including servers, storage, databases, networking, software, analytics, and intelligence, over the internet to offer faster innovation, flexible resources, and economies of scale. The increasing adoption of cloud computing can be attributed to its ability to offer scalable, cost-effective, and flexible solutions for storage, processing, and access to data and applications over the internet. Cloud computing uses integrated systems to streamline operations and optimize performance by seamlessly combining hardware, software, networking, and storage resources, resulting in enhanced scalability, reliability, and efficiency for delivering services over the internet. For instance, in January 2024, according to AAG IT Services Ltd., a UK-based information technology and services company, the 12-month revenues between the start of 2021 and 2022 for cloud infrastructure services reached $191 billion. Additionally, AWS had the largest market share of cloud infrastructure services at 33% in Q1 2022. Therefore, the increasing adoption of cloud computing is driving the growth of the integrated systems market.
Key Industry Players
Major companies operating in the integrated systems market are Amazon.com Inc., Samsung Electronics Co., Ltd., Microsoft Corporation, Verizon Communications Inc., Dell Technologies Inc., Huawei Technologies Co. Ltd., Hitachi Ltd., Panasonic Corporation, Intel Corporation , Accenture plc, International Business Machines Corporation, Deloitte Touche Tohmatsu Limited, Cisco Systems Inc., Oracle Corporation, SAP SE, Hewlett-Packard Enterprise Company, Fujitsu Limited, Telefonaktiebolaget LM Ericsson, BAE Systems plc, Tata Consultancy Services Limited, Johnson Controls International PLC, NEC Corporation, Capgemini SE, Cognizant Technology Solutions Corp., ZTE Corporation, Infosys Limited, Telstra Corporation Ltd
The integrated systems market report table of contents includes:
1. Executive Summary
2. Integrated Systems Market Characteristics
3. Integrated Systems Market Trends And Strategies
4. Integrated Systems Market – Macro Economic Scenario
5. Global Integrated Systems Market Size and Growth
…..
32. Global Integrated Systems Market Competitive Benchmarking
33. Global Integrated Systems Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Integrated Systems Market
35. Integrated Systems Market Future Outlook and Potential Analysis
36. Appendix
Explore the trending research reports from TBRC:
https://topprnews.com/space-technology-spacetech-market-forecast/
https://topprnews.com/acid-dyes-market-growth/
https://topprnews.com/aerostat-system-market-forecast/
https://goodprnews.com/space-technology-spacetech-market-trends/
https://goodprnews.com/acid-dyes-market-forecast/
https://goodprnews.com/aerostat-system-market-growth/
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
