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The global System Integration Services Market is expected to grow from 483.0 billion in 2023 to USD 665.6 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 6.6% during the forecast period, according to new research report by MarketsandMarketsu2122
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System Integration Services Market Size is projected to grow CAGR of 6.6% during 2023 to 2028 The global System Integration Services Market is expected to grow from 483.0 billion in 2023 to USD 665.6 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 6.6% during the forecast period, according to new research report by MarketsandMarkets™ The system integration services market is expanding, and vendors are adopting a strategic focus to attract customers. The emphasis is on providing an elegant user experience as more users turn to system integration services. These services help users streamline their integration process, and service providers must respond to the demand for simple, user-friendly solutions. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=133169327 Our analysis shows North America holds the largest market size during the forecast period. As per our estimations, North America will hold the most significant market share in the global system integration services market in 2023, and this trend will continue. There are various reasons for this, including numerous businesses with advanced IT infrastructure and an abundance of technical skills. Due to these factors, North America has the highest adoption rate of system integration services. The advancements in cloud computing, mobile technologies, and Machine-to-Machine (M2M) have also contributed to adopting system integration services in various industries, such as finance and government. As the benefits of the cloud strategy become more apparent, more businesses are embracing it. The US and Canada are the top players in the system integration services market in the region. The manufacturing sector’s increasing adoption of Industry 4.0 technologies, such as automation, robotics, and Industrial IoT, has led to a growing need for system integration services to create interconnected smart factories. In this region, large companies are quickly adopting system integration services to improve their employees’ overall experience and overcome business continuity challenges during the lockdown. With its vendor presence, North America drives market growth as large companies and SMEs focus on creating innovative system integration services incorporating technological advancements like data analytics, AI, and ML. North America was one of the first to adopt cloud and mobility technologies and has a sophisticated IT infrastructure that reduces operational costs across different sectors. North America is the most significant contributor to the market’s revenue compared to other regions. Companies focus on consumers, leading to increased business adoption of Enterprise Applications (EA). The growth of the North American market is due to its advanced technological infrastructure and the presence of major industry players such as Accenture, IBM, Microsoft, HP, and Oracle. These companies actively develop cutting-edge technologies, further fueling North America’s market expansion. Infrastructure Integration Services segment to hold the largest market size during the forecast period. With the growth of IoT devices and the need for real-time data processing, edge computing is becoming more prevalent. Integrating edge computing infrastructure with core data centers or cloud services is becoming crucial for efficient data handling and reduced latency. AI and ML are increasingly incorporated into IT infrastructure management to optimize resource allocation, predict and prevent system issues, and enhance security through anomaly detection and threat analysis; this would drive the market. In the coming years, with the deployment of 5G networks, organizations are exploring ways to integrate 5G technology into their infrastructure to enable faster and more reliable connectivity, especially for edge and IoT applications. The different elements of infrastructure integration services are: • Security Integration: Implementing security measures and protocols across the infrastructure to protect data, applications, and systems from unauthorized access and cyber threats. Cloud Integration: Integrating on-premises infrastructure with cloud services, enabling a hybrid IT environment combining both benefits. Data Center Integration: The data center is a facility used to provide storage, data communications, and deployment operations to organizations. Various cables, power, and networking equipment are required to function as data centers. Data centers are critical to any organization for continued • •
operations. They ensure that data centers, whether owned by the organization or hosted externally, are integrated effectively to provide reliable and scalable services. Healthcare vertical to record the highest CAGR during the forecast period. Private medical offices can benefit from IT support and efficiency improvements through management software solutions and system integration services. These services can help healthcare companies increase process effectiveness, process payments, schedule appointments, and facilitate employee onboarding. System integration services can also assist with task-specific issues, such as streamlining documentation procedures and supporting HIPAA compliance through electronic medical records (EMR) software systems. As healthcare deals with sensitive patient information, IT and network security are significant concerns. System integration services in the US help overcome security and application management challenges and meet HIPAA compliance. Other medical procedures, such as medications and supplies management, engaging patients, and hosting websites that adhere to HIPAA regulations, can also benefit from system integration services. Healthcare practitioners turn to these services to maintain the functionality of vital medical technology and improve business operations. Migrating applications to the cloud offers numerous opportunities for deep data mining, analytical capabilities, enhanced interoperability, and internet-connected clinical devices; this can lead to reduced CapEx, reduced OpEx, and improved efficiency. System integration in healthcare involves connecting and coordinating various healthcare systems, technologies, and data sources to improve patient care and streamline operations. It involves the seamless exchange of information and collaboration among healthcare stakeholders, such as hospitals, clinics, laboratories, pharmacies, and electronic health record (EHR) systems. Health Information Exchange (HIE) enables authorized providers to access patient data, leading to more informed treatment decisions and improved patient outcomes, especially in emergencies. Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=133169327 Market Players Some prominent players across all service types profiled in the system integration services market’s study include Accenture (Ireland), Capgemini (France), Cisco (US), HCLTech (India), HPE (US), IBM (US), Oracle (US), Infosys (India), Atos (France), Microsoft (US), Deloitte (UK), TCS (India), Wipro (India), Cognizant (US), DXC Technology (US), Dell (US), Fujitsu (Japan), Aspire Systems (India), CGI (Canada), Itransition (US), Celigo (US), 3Insys (US), Work Horse Integrations (US), DocInfusion (India), Flowgear (South Africa), Jitterbit (US), SnapLogic (US), Tray.io (US), and Workato (US). About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our
industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.com Visit Our Website: https://www.marketsandmarkets.com/