System Integration Market Will Be Worth $393.10 Billion by

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
System Integration Market Will Be Worth $393.10 Billion by 2020: New Report By Grand View Research, Inc.

San Francisco, California, Jan. 19, 2015 (GLOBE NEWSWIRE) -- The global system integration market is expected to reach USD 393.10 billion by 2020, according to a new study by Grand View Research, Inc. Surge in system integration solutions' spending by companies has enhanced the management of Information Technology (IT) infrastructure, data integrity, and has substantially eradicated redundancies. Need for eliminating multiplicity, heterogeneity, and varying distinctiveness of key applications and infrastructures is expected to drive the system integration market over the forecast period.

Detailed market research report on Global System Integration Market: http://www.grandviewresearch.com/industry-ana...ion-market

The advent of cloud computing coupled with advancements in virtual technologies is expected to encourage system integration solution adoption. Developments in technologies such as Building Energy Management Systems (BEMS), clinical integration, Cloud Service Brokerage (CSB), and Cyber Physical System (CPS) integration are expected to provide new avenues for market growth. The system integration market has high growth potential over the next six years owing to the perennial need for open and distributed architectures. High implementation cost may deter SMEs and start-ups from implementing system management solutions.

Further key findings from the study suggest:

  • Infrastructure integration accounted for over 35% of the overall market share in 2013, closely followed by consulting. Cloud system integration service is expected to gain prominence owing to several inherent characteristics such as variable cost, dynamic scaling, and utility price. In addition, it is a viable option for organizations to address the issues of volatile demand and low available capital, as several users can access a single hardware, thereby saving the cost incurred for deploying additional hardware. Business process integration is expected to be a key market in the consulting application sector due to its efficiency and automated governance.
  • Banking & finance contributed over 15% to the global market revenue in 2013. System integration enables smooth, quick and safe banking operations by building a responsive IT infrastructure that addresses critical requirements of the banking domain. Healthcare accounted for considerable market share in 2013.
  • North America emerged as a key regional market in 2013 as a result of significant investments made by governments in implementing system integration solutions across several departments. Asia Pacific has significant growth potential over the forecast period owing to growing market participants' presence in Japan, China, and India.
  • Key players in the system integration market players have focused on lucrative sectors such as banking and hospitality in order to penetrate the market. For instance, Starwood Hotels & Resorts Worldwide, Inc. catered to the service of Oracle's data integration solutions in order to improve their efficiency. Infosys offers integration solutions to the banking sector for enabling business transformation and implementation & training support.

For the purpose of this study, Grand View Research has segmented the global system integration market on the basis of service, application and region:

System Integration Service Outlook (USD Billion, 2012 - 2020)
    • Infrastructure Integration
    • Application Integration
    • Consulting
System Integration Application Outlook (USD Billion, 2012 - 2020)
    • Banking & Finance
    • Defense & Security
    • Healthcare
    • Telecommunications & IT
    • Oil & Gas
    • Transportation
    • Retail
System Integration Regional Outlook (USD Billion, 2012 - 2020)
    • North America
    • Europe
    • Asia Pacific
    • RoW

More information about System Integration Market: http://www.grandviewresearch.com/industry-ana...ion-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: Grand View Research

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Miracle League Marks Two Decades with Big Fundraising Win

Updated Category News Views 58

A Double Decade Celebration of Dream and Dedication The Miracle League of the Triangle sure knows how to throw a party—for them, it's not just a gala; it's a testament to two decades of turning dreams into reality. On October 13th, over 300 guests gathered at the Angus Barn Pavilion in Cary, NC, proving that passion for inclusive baseball is just as alive as it was 20...

Continue Reading
Extra Mile Day: 18 Years of Honoring Unsung Heroes

Updated Category News Views 49

Pedaling for Purpose: A Journey That Sparked a Movement What started as a lone journey across America's roads has turned into a celebrated movement to honor those who often go unnoticed. Back in 2009, Shawn Anderson embarked on an unusual journey. Armed only with a bicycle and determination, he pedaled from San Francisco to Boston—over 4,000 miles in just 90 days. It...

Continue Reading
Fidelis Care Opens $120K Workforce Grants for Aid

Updated Category News Views 112

Fidelis Care Steps Up Workforce Engagement Fidelis Care's latest move introduces a fresh shot at tackling two birds with one stone—economic and health stability for Medicaid members. The Workforce Pathways to Health and Economic Mobility grants present up to $120,000 in support for New Yorkers, an attempt aimed squarely at reducing the vicious cycle that traps many in...

Continue Reading
Nelson Peltz Doubles Down: Burgers or Pucks?

Updated Category News Views 53

Mixing Hockey and Hamburgers: The Peltz Way You'd think a guy like Nelson Peltz wouldn't be juggling hockey sticks and hamburgers at the same time, but here we are. The man, a mogul of sorts with Trian Fund Management, is hopping onto a board seat with a New York hockey company and, oh, by the way, throwing a non-binding $7.35-a-share cash proposal to snatch up Wendy's, a...

Continue Reading
Jamaica's Tourism Rebounds Post-Hurricane Challenges

Updated Category News Views 128

Weathering the Storm: A New Chapter for Jamaica It's been nearly a year since Hurricane Melissa hit, and Jamaica is proving that it won't be pushed around by nature's whims. The island's tourism industry, once battered, is now showing remarkable resilience. With hotels and villas reopening and shaking off the dust, it's safe to say Jamaica is back on its feet, and it's...

Continue Reading
Virginia Cancer Specialists: Leaders in Trusted Cancer Care

Updated Category News Views 42

Decades of Trust in Cancer Care Virginia Cancer Specialists isn't just another name in the sea of healthcare providers. That pride they're feeling? Well, they've got every right to it. Just slapped their physicians' names all over the latest Washingtonian's Top Doctors list for 2026. And this isn’t some under-the-table handshake deal. No, this list is shaped by peer...

Continue Reading
Genefluence Launches Rapid UTI PCR Test at Chelsea Hospital

Updated Category News Views 44

There's a fresh breeze blowing through the dusty corridors of healthcare, shaking things up for the better. You see, Genefluence, the brainchild of Professor Chris Toumazou, isn't just throwing a bunch of tech jargon around—it's setting the stage for a much-needed shake-up in how we handle urinary tract infections (UTIs) and, believe me, it couldn’t have come sooner....

Continue Reading
Unicycive Faces Legal Heat: Shareholder Lawsuit Looms

Updated Category News Views 58

The Unicycive Landslide: What Went Down? Investors, buckle up. Unicycive Therapeutics Inc. (NASDAQ: UNCY) finds itself deep in the muck of a securities class action. Chief honchos, CEO Shalabh Gupta and CFO John Townsend, are taking the heat for allegedly controlling company disclosures that led shareholders to believe in non-existent progress with their third-party...

Continue Reading
Infoya Surges with 665% Growth, Wins Fast 50 Spot

Updated Category News Views 102

From Humble Beginnings to High Achiever Alright, let's touch base on Canada's tech landscape for a moment. Infoya's leap into Deloitte's 2026 Technology Fast 50 isn't just a pat on the back—it's a flashing neon sign of what raw ambition mixed with a pinch of AI can cook up for you. They've banked a whopping 665% revenue growth from 2022 to 2025. Not bad for a company...

Continue Reading
Heritage Wines Meet Non-Alcoholic Trend: New Deal

Updated Category News Views 49

Wine Industry Shifts Gears Well, here's a twist that might just shake up the wine racks. C. Mondavi & Family, from the historic Charles Krug estate, is aligning with Missing Thorn—a name gaining traction in the non-alcoholic wine scene. It’s a move that not only raises eyebrows but could also expand your wine-tasting options come your next sober night out. So what...

Continue Reading

Top 5 Most Recently Viewed Articles

Enhancing Mental Health and Substance Use Services for All

Updated Category News Views 57

The American Institutes for Research (AIR) has launched a hefty initiative aimed at elevating care quality for those on Medicare and Medicaid grappling with serious mental health issues and substance use disorders. This venture solidifies AIR's role in advocating better health outcomes among these vulnerable groups. AIR's Heavy Hit: $73 Million from CMS In a noteworthy...

Continue Reading
SimSpace Welcomes Peter Lee to Board for Cybersecurity Leadership

Updated Category News Views 381

SimSpace Strengthens Leadership with Peter Lee Appointment SimSpace, a leader in the realm of cyber readiness and security optimization, has announced a significant new addition to its Board of Directors: Peter Lee. Recognized for his vast experience in scaling technology companies and a strong background in private equity, Peter's appointment comes at a crucial time as...

Continue Reading
Avocado Oil Market Set for Major Growth in the Coming Years

Updated Category News Views 131

Avocado Oil Market Dynamics and Growth Trends Burlingame, CA – Recent insights reveal that the avocado oil market is on a remarkable growth trajectory. According to comprehensive studies, the market was valued at USD 705.3 million and is set to exceed USD 1,054.2 million by 2032, reflecting a compound annual growth rate (CAGR) of 5.9% during this period. This increase...

Continue Reading
China's Stock Market Revival Sparks Economic Optimism and Growth

Updated Category News Views 186

China’s stock market saw its biggest jump since 2008 when the government rolled out a hefty $114 billion in stimulus. Traders were buzzing about interest rate cuts too, hinting at a genuine attempt to kickstart economic momentum. But let’s not kid ourselves—this is no magic bullet. The backdrop of geopolitical tensions and an ongoing property crisis loomed large...

Continue Reading
Venture Global, Inc. Investors: Join the Class Action Today

Updated Category News Views 209

Venture Global, Inc. Class Action Update Venture Global, Inc. has recently come into the spotlight as a result of a securities class action lawsuit filed on behalf of its investors. This lawsuit, initiated in the Southern District of New York, claims that the company made several misleading statements regarding its initial public offering (IPO) documents. Investors who...

Continue Reading