According to a latest report by published recently by MarketsandMarkets, the System Integration market is expected to grow from $191.36 billion in 2013 to $331.76 billion in 2018. This represents a Compound Annual Growth Rate (CAGR) of 11.6% from 2013 to 2018.
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.
In coming years investments in IT by aviation and marine, consumer goods and retail, defense, energy, oil and gas, healthcare, and manufacturing sectors of economy will provide impetus to the growth of system integration across the globe and will 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.
The report further explain in detail the market segmentation by type of infrastructure integration services: Building Management System (BMS), cloud integration (Infrastructure-as-a-Service (IaaS)), Command and Control (C2)/Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance (C4ISR), integrated communication, Datacenter Infrastructure Management (DCIM), and network integration; by type of applications integration services: application integration, data integration, unified communication, integrated security software, and integrated social software; by type of consulting: application lifecycle management, business transformation, and business process integration; by verticals: aviation and marine systems, Banking, Financial Services, and Insurance (BFSI), consumer goods and retail, defense, healthcare, manufacturing, oil, gas, and energy, telecommunication and IT, and transportation and logistics; and by regions: North America (NA), Asia Pacific (APAC), Europe (EU), Middle East and Africa (MEA), and Latin America (LA).