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February 21, 2023
Grand View Research predicts the global system integration market size will reach $955 billion by 2030. That’s expanding at a compound annual growth rate of nearly 14% from 2023 to 2030. Additionally, look for consulting, IT and telecom, and the Asia Pacific system integration market to grow at CAGRs between 14.6% and 16.2% between those years.
There are several factors impacting this growth, according to the research firm. They include consumers gravitating toward low-cost and energy-efficient production processes, cloud computing and virtualization. Additionally, 3-D printing and robotics are influencing work and opportunities in emerging and developed economies. The demand has fueled the modernization of production facilities, also influencing system integration market growth.
Several industry players are adopting various business strategies such as collaborations, mergers and acquisitions to improve their position in the system integration market. Various market players improve upon their big data analytics services to enhance their brand identity and share in the global system integration market. In November 2022, Accenture acquired Albert, a Japanese data science company, for an undisclosed amount. The goal is to improve Accenture’s big data analytics technology-integrated system integration offerings. The need for an optimized and comprehensive big data platform is driving the demand for system integration to quickly perform complex analytics on big data while maintaining cost efficiencies.
Tata Consultancy Services
There has been a robust increase in the investments to deploy 5G network infrastructures across countries such as the U.S., China and Japan. This has created the demand for integrating entire fifth generation infrastructure and applications across enterprises. This process will help enterprises to work as a centralized platform that will assist in reducing overall complexity. Investments in building fifth-generation infrastructure, coupled with the growing need to set up a 5G-enabled ecosystem, should propel market growth.
Also, governments are geared toward digitizing their business operations, increasing the demand for system infrastructure software. Governments of countries such as the U.K., India, Australia, UAE, Canada and the U.S. are investing in digital infrastructure solutions for the digital economy.
Finally, growing digitalization initiatives among industries, rising penetration of cloud computing technology and increasing demand for scalability aid the growth of the market. Moreover, the constant need to keep the applications updated with upcoming technologies, such as AI and machine learning, will transform the expansion of organizations across industries.
Claudia Adrien is a reporter for Channel Futures where she covers breaking news. Prior to Informa, she wrote about biosecurity and infectious disease for a national publication. She holds a degree in journalism from the University of Florida and resides in Tampa.
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