System Integration Market to surpass $450bn by 2024

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System Integration Market to surpass 450bn by
2024 Fractovia.org
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Key Insights of System Integration Market

• Bearing in mind the aforementioned instances, it
  is rather imperative that the global system
  integration industry share is bound to
  proliferate at an exceptional pace owing to the
  burgeoning product demand from government and
  utilities sectors. In addition to this, numerous
  government initiatives have been allotting
  massive funds to upgrade and integrate existing
  systems a factor that would consequentially
  benefit the system integration market over the
  ensuing years.
• Regarded as one of the most rapidly progressing
  niche verticals of smart and sustainable
  technology industry, system integration market
  has garnered a rather commendable acclaim over
  the past few years. The emergence of high-grade
  technological solutions such as IoT and big data
  has come on the heels of the overall growth
  potential of the global system integration
  industry. Moreover, the rising necessity to
  assimilate existing systems with the latest
  technologies to create a seamless coordinated
  system has further favored the growth of this
  business sphere. In fact, as per a research
  report collated by Global Market Insights, Inc.,
  the overall system integration market share
  surpassed a total of USD 250 billion in the year
  2016.

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Continued

• Government and utilities sector to create
  extensive business opportunities for system
  integration market participants
• Elaborating further, it has been observed that
  the demand for system integration services across
  government and utilities sector has seen a
  meteoric rise in the recent times. In order to
  deploy non-conventional and sustainable power
  grids, various government agencies in emerging
  economies have been adopting advanced system
  integration services. Apparently, among these
  services the major ones include security
  management systems, data integration, building
  management systems. Below are a few major
  instances of how national governments across the
  globe are increasingly leveraging the benefits of
  system integration services
• Apparently, the Australian government, in 2017,
  awarded a seven-year contract to Accenture for
  transforming the nations 30-year-old payment
  system. Subject to contract rules, the system
  integration market giant is likely to work with
  Department of Human Services (DHS) of Australia
  and other regulatory institutions to create an
  all-new online user interface for the centralized
  payment system, which reportedly processes more
  than AUD 100 billion per year. Under the Welfare
  Payment Infrastructure Transformation (WPIT)
  program of DHS, Accenture would design a
  state-of-the-art technology platform and a new
  payment utility solution to deliver payments at a
  faster pace.

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India system integration market size, by service,
2016 2024 (USD Billion)

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System Integration Industry Background
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Continued.

• Under the Make in India initiative, the Indian
  Government has rolled out a comprehensive
  national manufacturing policy which consists of a
  provision to allot a 25 grant to Small and
  Middle-sized Enterprises (SMEs) for compensating
  the expenditure incurred on audit. Moreover, the
  scheme aims to provide part of reimbursement to
  SMEs in order to acquire advanced technologies,
  subject to a maximum of USD 30,769.
• Speaking of the competitive spectrum of system
  integration industry, the presence of prominent
  IT giants including Accenture, Hewlett-Packard,
  IBM Corporation, HCL Technologies Ltd, Oracle
  Corporation, CSC, Capgemini, Tech Mahindra has
  led to numerous strategic collaborations. For
  instance, in late 2017, Tech Mahindra and Toshiba
  Digital Solutions teamed up to leverage the
  prowess of system integration capabilities and
  the latest IoT technologies of each other.
• With the need to create a smooth coordinated
  system and enhance the efficiency of their
  existing system integrators, numerous business
  organizations have been reaching out to the
  system integration industry players. As these
  organizations are readily impacted by altering
  technological trends such as IoT and big data
  management software, the business procedures need
  to be highly optimized and integrated.

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