April 20, 2024

System Integration Market Growth Accelerated by Increased Adoption of Cloud-Based Technologies

System integration is the process of bringing together individual components of an overall system to function as a whole and provide value to end users. System integration services ensure the proper functioning of interconnected yet independent systems or applications. System integration helps companies adopt new technologies and solutions quickly by connecting disparate systems. The growing adoption of cloud-based technologies across industries has accelerated the demand for system integration services.

The global System Integration Market is estimated to be valued at US$ 491.11 Billion in 2024 and is expected to exhibit a CAGR of 6.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
More organizations are deploying hybrid and multi-cloud strategies to leverage the scalability, flexibility and cost benefits of the cloud. However, integrating these cloud platforms with legacy on-premises applications and ensuring seamless data flow requires extensive system integration. System integrators help companies navigate this transition and develop optimized hybrid cloud architectures. Their services ranging from cloud consulting to migration and management are seeing rising demand. The growing need to integrate cloud platforms with diverse internal systems in a secure and reliable manner creates significant opportunities for system integrators over the forecast period.

Segment Analysis:
The global system integration market can be segmented based on type of services, technology, industry vertical and geography. By services, the market is bifurcated into infrastructure integration and application integration. Infrastructure integration currently dominates the market as it enables seamless connectivity of networking devices, storage, servers and other IT infrastructure components across various organizations. By technology, the market is segmented into Enterprise Resource Planning (ERP), Cloud Integration, Security and Others. The ERP segment dominates due to growth in digital transformation across enterprises.

Key Takeaways:
The Global System Integration Market Size is expected to witness high growth over the forecast period. Regional analysis: North America currently dominates the system integration market owing to high technology adoption across industries in the US and Canada. Asia Pacific is expected to grow at the fastest pace during the forecast period. The presence of domestic integrators offering system integration services at lower rates compared to Western companies is driving adoption in Asia Pacific.

Key players related content comprises:
Key players operating in the system integration market are BB, Ascenz. BB is a leading systems integrator with capabilities across various technologies like ERP, cloud, security. Ascenz is an Asian IT services provider specializing in system integration implementations for enterprises.

Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it