The System Integration Services Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s System Integration Services Global Market Report 2024, The system integration services market size has grown strongly in recent years. It will grow from $458.24 billion in 2023 to $494.7 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to legacy system modernization, complex it environments, mergers and acquisitions, custom software solutions, security and compliance requirements.
The system integration services market size is expected to see strong growth in the next few years. It will grow to $638.29 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to hybrid and multi-cloud environments, iot and edge computing integration, ai and machine learning implementations, focus on cybersecurity integration, business process automation. Major trends in the forecast period include rapid technology adoption cycles, cloud adoption, enterprise digital transformation, devops integration, data integration for analytics.
The increasing adoption of digital transformation strategies is expected to propel the growth of the system integration services market going forward. Digital transformation strategies refer to a set of initiatives and plans that organizations undertake to leverage digital technologies and adapt their operations, processes, and business models to meet the evolving demands of the digital age. Digital transformation is helpful for system integration services as it integrates digital technology into all business areas, fundamentally changing how the business operates and delivers value. System integration plays a critical role in the digital transformation journey by linking separate modules, processes, and data systems to work in a unified manner, thereby reducing costs, eliminating redundancy, and improving productivity and efficiency. For instance, in October 2022, according to the International Data Corporation, a US-based software service provider company, global spending on digital transformation (DX) is projected to reach $3.4 trillion in 2026, with a five-year compound annual growth rate (CAGR) of 16.8%. Therefore, the increasing adoption of digital transformation strategies are driving the growth of the system integration services market.
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The system integration services market covered in this report is segmented –
1) By Service Type: Infrastructure Integration services, Enterprise Application Integration Services, Consulting Services
2) By Service Outlook: Hardware Integration Service, Softwware Integration Service
3) By Industry Vertical: IT and Telecommunication, Defenses and security, BFSI, Oil and Gas, Healthcare, Transportation, Retail, Food and Beverages
Major companies operating in the system integration service market are innovating emerging technologies such as Joint Generative AI Center to increase their profitability in the market. Joint Generative AI Center is a system integration service that helps enterprises leverage generative potential. For instance, in December 2023, Accenture plc, an Ireland-based information technology company, launched a joint generative AI center of excellence to improve operations and create new lines of business. The center aims to provide industry technical knowledge and product resources to build and scale applications using Google Cloud’s generative AI portfolio, including tensor processing units (TPUs), graphics processing units (GPUs), and Google AI hypercomputers for quick training, tuning, and serving of AI models. This will provide AI-managed services to scale generative AI, including deploying Gemini, Google’s newest and most capable model.
The system integration services market report table of contents includes:
1. Executive Summary
2. System Integration Services Market Characteristics
3. System Integration Services Market Trends And Strategies
4. System Integration Services Market – Macro Economic Scenario
5. Global System Integration Services Market Size and Growth
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31. System Integration Services Market Other Major And Innovative Companies
32. Global System Integration Services Market Competitive Benchmarking
33. Global System Integration Services Market Competitive Dashboard
34. Key Mergers And Acquisitions In The System Integration Services Market
35. System Integration Services Market Future Outlook and Potential Analysis
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