The integrated systems market is anticipated to surpass a valuation of USD 30 billion, attaining a CAGR of 16% during the review period (2017-2023), Market Research Future (MRFR) reveals in a detailed report. An integrated system can be defined as a process to create an information system, including constructing a modified application. The modified application is further used to combine the communication the hardware and software pre-installed. Integration systems aids in integrating on-premise systems with the help of cloud-based applications.
Market Potential and Pitfalls
The integrated systems market is predicted to expand at breakneck speed during the assessment period. The surging adoption of cloud-based services and the integration of existing technologies related to software and hardware are some of the factors dictating the growth trajectory of the market. The demand for integration of systems is further fueled by the increased investments in the IT sector, which has resulted in the deployment of IT across organizations. Integrated systems are highly deployed in industries like healthcare, BFSI, retail, and others. In the retail sector, retailers are financially benefited through communication and productivity. Supply chain integration to real-time coordination also has a huge impact on the retail sector. With the emergence of advanced forms of data management over traditional models, the market is likely to gain impetus.
The IT sector is evolving at an enormous rate and experiences the emergence of integrated systems, where data center technologies are melded to tested and pre-engineered systems, which operate as a whole. IT executives are highly considering integrated systems as an effective way to enhance their business agility. This is likely to dictate the growth trajectory of the market in the coming years.
On the contrary, the high cost of implementation, coupled with the complexities associated with integrating existing systems with the latest software are the top barriers restricting the market growth across the globe.
Global Integrated Systems Market: Segmental Analysis
By product, the integrated systems market is segmented into integrated infrastructure and integrated platform. The integrated platform offers map flow, which facilitates the application programming interface and integration flow. This platform is extensively used in enterprises which require quick release time. The providers of integrated platform supply the required middleware and tools and data infrastructures helpful to manage the cloud. These tools can be tested, deployed, and built as per the requirement of the clients to create cloud, which can be integrated with the existing system.
By service, the integrated systems market is segmented into professional and managed services.
By end use, the market is segmented into telecom, BFSI, retail, healthcare, manufacturing, and others. Among these, integrated systems are highly applied in the BFSI sector due to its high adoption rate across the sector.
Geographically, the integrated systems market spans across Europe, North America, Asia Pacific, and Rest of the world (RoW).
Considering the global scenario, North America acquires the lion’s share and is predicted to expand at a significant rate. The existence of industry bigshots and highly developed countries are the major propelling factors of the regional market. Europe bags the second position due to the extensive adoption of cloud-based services in large enterprises as well as in SMEs.
Asia Pacific is likely to gain prominence with the increased deployment of data centers and existing IT infrastructure. The APAC telecom industry is highly investing in sustaining its existing customer base by employing techniques. This is likely to revamp the existing network solutions in the region. The high adoption of integration systems across verticals and surging demand for cloud-based services is encouraging the growth of the regional market. Moreover, Japan will increase its spending on technology integrated solutions, which is predicted to dictate the growth trajectory of the regional market.
Global Integrated Systems Market Market is estimated to grow 16% CAGR, Integrated Systems Market…
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