Market Insights - Industry Research Report

System Integration Market

Report on System Integration Market: Size, Share, and Growth – Covering By Services (Infrastructure Integration, Application Integration, Consulting), By End-use (IT & Telecom, Defense & Security, BFSI, Oil & Gas, Healthcare, Transportation, Retail, Others) Segments, and Regional Analysis – Providing a Global and Regional Industry Overview, Market Intelligence, Premium Insights, Comprehensive Analysis, Historical Data, and Forecasts for the Period 2023-2030

The System Integration Market is valued at USD 382.92 Billion in 2023 and is projected to reach USD 970 Billion by 2030, experiencing a CAGR of 14.2% from 2023 to 2030.

System Integration Market Overview

The process of integrating physical and digital information technology (IT) infrastructure, such as machine systems, inventory, databases, applications, protocols, formats, and data consumption patterns, into a centralized network is referred to as system integration. It helps to resolve the complexity brought on by increased system connectivity while enhancing output and data consistency. To reduce infrastructure investments and accelerate decision-making, enterprises from various end-use industries currently rely on system integration solutions.

The banking, financial services, and insurance (BFSI) sector uses system integration to simplify and automate complicated activities. One of the major factors positively affecting the need for system integration globally is this, along with the expanding use of online banking services due to the increasing reliance on smartphones with high-speed internet. Additionally, the growing need for cloud-based solutions among small and medium-sized businesses (SMEs) to handle corporate data effectively and efficiently is boosting the market. In addition, system integration is frequently used to give comprehensive enterprise-class business solutions that enhance partner collaboration, boost customer relations, and boost supply chains and business operations efficiency. Key participants in the market are thus given significant commercial chances by this. Additionally, the requirement for distributed IT solutions to synchronize many systems is expanding due to the complexity and scalability of company processes as well as the widespread use of cutting-edge technologies like big data and software-as-a-service (SaaS). In the next years, it is projected that this will have a favorable impact on the need for system integration.

System Integration Market

Market Dynamics

The expansion of the system integration market is being driven by increasing public and private investments in system integration solutions for the improvement of Information Technology (IT) infrastructure. Throughout the forecast period, the system integration market is anticipated to be driven by the growing requirement to eliminate the diversity and heterogeneity of essential applications utilized in infrastructure. The global system integration market was negatively impacted by the COVID-19 outbreak. However, beginning in early 2021, the demand for project management and system integration solutions increased due to increasing digitization and growth in public and private infrastructure development investments.

System integration allows more intelligent organizational operations by bringing together different processes. As enterprise complexity has an impact on an organization’s capacity to compete and generate profit, businesses are beginning to recognize the significance of system integration. Technologies for system integration offer businesses centralized, integrated, and cost-effective solutions for their IT infrastructure. One of the major factors propelling the expansion of the system integration market is the rise in information technology users. The U.S. Bureau of Labor Statistics predicts a 15% rise in employment for computer-related occupations by 2031. As a result, system integration is becoming more and more common in a variety of fields and sectors, including banking, healthcare, telecommunications, IT, aviation, oil & gas, and marine systems.

Segmentation Insights                          
  • Services Insights:
    In 2022, the infrastructure integration segment held a market share of over 35%. The growth in this segment is attributed to the increasing demand for a resilient, agile, and secure unified IT infrastructure. Enterprises adapting to a complex business environment are driving the need for infrastructure integration. Market players collaborate with engineering services providers, outsourcing infrastructure integration testing services for improved system performance.
  • The consulting segment is expected to grow at a significant CAGR of 14.9%, driven by the rising need for enterprises to design Business Continuity and Disaster Recovery Planning (BCP & DRP) and conduct rehearsals for efficient workflow. System integration solution providers offer consulting services for digital integration, and modernizing IT systems. In December 2021, Praruh, an ICT integration specialist firm, introduced a system integration portfolio and consulting services for efficient usage of the newly launched solutions.

End-use Insights:

  • In 2022, the Banking, Financial Services, and Insurance (BFSI) segment held a market share of over 18.7%. System integration facilitates safe, quick, and smooth banking operations, meeting critical sector requirements. Collaboration between companies in the BFSI sector and system integrators drives demand, especially with the growth of neo-banking, fintech startups, and the focus on digital economies post-COVID-19.
  • The IT & telecom segment is anticipated to grow at a significant CAGR of 15.9%. Key players’ increased expenditure on system integration solutions has improved IT infrastructure management, reducing redundancies. System integration aids in integrating hardware and software solutions, encouraging telecom companies to enhance their business operations. For example, Telenor partnered with Google Cloud in November 2021 to digitally transform infrastructure and improve technical capabilities through AI & ML.
Regional Analysis
  • Due to the presence of numerous SMEs and the availability of low-cost service options in the region, the Asia Pacific system integration market demand is anticipated to experience substantial growth during the forecast period. Hubs for consulting and outsourcing activity include APAC nations like India, Malaysia, China, and the Philippines. The adoption of these services by international players has been made possible by the availability of vast pools of highly skilled workers at low hourly wages. Organizations in Europe have a significant need to upgrade the current network infrastructure. An excellent foundation for the adoption of cloud computing and IoT in the European business environment is provided by the implementation of system integration services.
  • In addition, it is anticipated that the markets in the Middle East, Africa, and Latin America will expand significantly between 2019 and 2026. Global economies and industries are realigning and consolidating quickly around digital innovation. For instance, to bring about digital transformation and spur economic growth, the government of the United Arab Emirates has supported numerous smart city projects.
Key Players

Some of the prominent players in the global system integration market include:

  1. Accenture
  2. Capgemini
  3. Fortinet, Inc.
  4. Cisco Systems, Inc.
  5. Cognizant
  6. Deloitte Touche Tohmatsu Limited
  7. International Business Machines Corporation
  8. Infosys Limited
  9. Tata Consultancy Services Limited
  10. Tech Mahindra Limited
  11. Others
Recent Development:
  • Control and Information Management Ltd. (“CIM”), an industrial automation system integration firm with offices in Ireland, was bought by ATS Automation Tooling Systems Inc. in June 2021. ATS Automation Tooling Systems Inc. is a prominent provider of automation systems. With the acquisition of CIM, ATS improves its digitization strategy while also enhancing its automation and service capabilities for the pharmaceutical, biopharma, and other services and industrial industries.
  • Wood was given funds by the Canadian state of Newfoundland and Labrador in January 2022 to help the region’s offshore oil and gas industry revive and create more jobs. The project seeks to provide a regional autonomous robotic inspection and maintenance service and
Global System Integration Market Segmentation

Services Outlook (Revenue, USD Billion, 2017 – 2030)

  1. Infrastructure Integration
  2. Application Integration
  3. Consulting

End-use Outlook (Revenue, USD Billion, 2017 – 2030)

  1. IT & Telecom
  2. Defense & Security
  3. BFSI
  4. Oil & Gas
  5. Healthcare
  6. Transportation
  7. Retail
  8. Others ( Food & Beverages, Automotive, Government)

Regional Outlook (Revenue, USD Billion, 2018 – 2030)

North America

  • The U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Italy

Asia Pacific

  • China
  • India
  • Japan
  • South Korea

Latin America

  • Brazil
  • Mexico

Middle East & Africa

  • South Africa
  • Saudi Arabia
System Integration Market Report Scope
Report Attribute Details
Market Size Value in 2023 USD 382.92 billion
Revenue Forecast in 2030 USD 970 billion
Growth Rate CAGR of 14.2% from 2023 to 2030
Base Year for estimation 2022
Historical Data 2018 – 2022
Forecast Period 2023 – 2030
Report Updated Dec-23
Quantitative Units Revenue in USD million and CAGR from 2023 to 2030
Report Coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments Covered Services, End-use, and Region
Regional Scope North America; Europe; Asia Pacific; Latin America; MEA
Country Scope U.S.; Canada; UK; Germany; France; Italy; Spain; Denmark; Sweden; Norway; Japan; China; India; Australia; South Korea; Thailand; Brazil; Mexico; Argentina; South Africa; Saudi Arabia; UAE; Kuwait
Key Companies Profiled Accenture, Capgemini, Fujitsu Limited, Oracle Corporation, Infosys Limited, Cisco Systems, Inc., Cognizant, Computer Sciences Corporation (CSC), Deloitte Touche Tohmatsu Limited, Hewlett Packard Company, IBM Corporation, Tata Consultancy Services Ltd., and HCL Technologies

Frequently Asked Questions

The global system integration market is estimated at USD 382.92 billion in 2023, projected to reach USD 437.29 billion in 2024.
The system integration market is expected to grow at a CAGR of 14.2% from 2023 to 2030, reaching USD 970 billion by 2030.
Some key players operating in the system integration market are Accenture, Capgemini, Fujitsu Limited, Oracle Corporation, Infosys Limited, Cisco Systems, Inc., Cognizant, Computer Sciences Corporation (CSC), Deloitte Touche Tohmatsu Limited, Hewlett Packard Company, IBM Corporation, Tata Consultancy Services Ltd., and HCL Technologies

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