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© 2016 Global Market Insights, Inc. USA. All Rights Reserved System Integration Market to grow at 6% CAGR from 2017 to 2024: Global.

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Presentation on theme: "© 2016 Global Market Insights, Inc. USA. All Rights Reserved System Integration Market to grow at 6% CAGR from 2017 to 2024: Global."— Presentation transcript:

1 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com System Integration Market to grow at 6% CAGR from 2017 to 2024: Global Market Insights Inc.

2 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  System Integration Market set to exceed USD 450 billion by 2024, driven increase in organizational and consumer data. High penetration of these solutions is fueled by the need of organizations to improve the efficiency and productivity of the various hardware and software systems that are functional within the organization. The increase in outsourcing activities, primarily by companies residing in the U.S. and Western Europe, to regions having low cost labor and raw materials, for instance India, is promoting the growth of the system integration market. Government bodies in these regions are further improving the existing broadband infrastructure providing a strong platform for the growth of the system integration market in the region.system integration market  In the recent years, the advent of Industry 4.0 and the rising prominence of IoT have mandated the interconnection of various disjointed hardware and software solutions throughout the organization. The system integration market demand is further amplified in larger companies or organizations having operations dispersed over a large geographical area to synchronize their various applications to function cohesively in a converged environment. This is done to reduce issues such as data duplication and redundancies. Industry Overview

3 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  The large-scale technological advancements that affect businesses across the world, such as the increase in consumer and organizational data and the increasing automation in the various business processes, are causing companies to seek system integration market services. The rapid transition toward cloud solutions owing to their reduced costs, increased collaboration efficiency, and high flexibility they offer to its users contributes to the market growth during the forecast timeframe.  System integration market by service indicates that the consulting segment is anticipated to witness a higher growth during the forecast timeframe. These services allow business owners to understand their requirements pertaining to the architecture and business process, help in staying ahead amidst the changing technological landscape, in testing and deployment, and in developing a business continuity and disaster recovery plan. These are essential in streamlining the existing business processes for the maximum efficiency.  End-use segmentation of the system integration market indicates that the BFSI and the IT and telecom sectors are expected to dominate in terms of market size during the forecast timeframe. This is due to the increasing proliferation of cloud technologies, Bring-Your-Own- Device (BYOD) trends, and the influx of consumer data, such as financial and personal consumer information. The government and utilities sector are anticipated to exhibit growth during the forecast timeframe. Continue…

4 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Browse Full Market Research Report Of System Integration Market @ https://bit.ly/2sM7Aprhttps://bit.ly/2sM7Apr Request for a Sample of this Research report @ https://www.gminsights.com/request-sample/detail/1819 https://www.gminsights.com/request-sample/detail/1819

5 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com India system integration market size, by service, 2016 & 2024 (USD Billion)

6 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Industry Coverage

7 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Continue  The rapid industrial growth in the industrial and manufacturing sector and the high growth of the number of SMEs, primarily in parts of South East Asia, is promoting the regional system integration market. Government initiatives in the form of subsidies, financial support, and expertise to regional players allow them to establish themselves and gain traction in the global marketplace. For instance, under the Make in India strategy, the government is providing a 25% grant to SMEs for the expenditure incurred on audit subject to a maximum of USD 1,500, which is anticipated to fuel the system integration market in the coming years.  The players operating in the system integration market include HCL Technologies Limited, CSC, Tech Mahindra, Dell, Inc., GTL Limited, IBM Corporation, Capgemini, Accenture, Hewlett-Packard, and Oracle Corporation. Companies operating in the market adopt a wide range of strategies comprising new service launches, upgrading and expansion of the existing services, and partnership agreements with other players to sustain the long-term growth in the industry.

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