IT & telecom integrated systems market size was valued at over USD 2 billion in 2014 and is expected to exceed USD 7 billion by 2022

Sellbyville, DE -- (SBWire) -- 11/19/2018 --Integrated Systems Market is expected to exceed USD 30 billion by 2022 growing at a rate of about 15% over the forecast timeframe. Reassessment of data center infrastructures coupled with profits such as reduced costs to consumers, system flexibility and ease in management are expected to propel the industry growth.

These machines are administered by a single console which simplify and automate the workload resulting in reduced operational expenses. Network equipment including hardware components and storage designed are optimized to operate together to minimize IT expenses. Large number of enterprises implementing IT infrastructure over public, private and hybrid clouds along with the necessity for efficient and effective IT infrastructure management will propel the growth for this sector.
Shift from mainframes to internet computing trends and changing end-user consumption patterns are some of the upcoming opportunities for this industry. High deployment costs coupled with increasing operating expenses for system maintenance are some of the factors expected to hinder the integrated systems market growth.

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Consulting services segment is expected to exceed USD 4 billion by 2022 and accounted for over 15% of the integrated systems market share in 2014. Consulting services provide customers with cost efficient solutions and capabilities where in the resources are allotted efficiently according to new standards and policies. Installation and integration segment was evaluated to be USD 6 billion in 2014 owing to the rising demand across small, medium & large-scale industries coupled with the transformation of data centers across enterprises.

Integrated platform segment will grow at a rate of about 15% between 2015 to 2022. Functions like storage, application development, tools integration and testing will boost the segment growth.
BFSI sector was valued to be over USD 3 billion in 2014 and anticipated to surpass USD 8 billion by 2022 owing to the high penetration over the years. It accounted for more than 25% of the industry in 2014. Retail held over 15% of the overall share in 2014 which is expected to exceed USD 6 billion by 2022 due to the cost benefits provided by store management systems.

India integrated systems Market will grow to over USD 2 billion by 2022 due to the transformation in data center markets of emerging nation like India and China which has positively impacted the industry growth.

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North America integrated systems market is expected to follow and the U.S industry held approximately 35% of the global revenue share in 2014. U.S is anticipated to continue its dominance over the forecast period attributed to technological innovations and rising penetration of these systems.

Players in the integrated systems market are Active State Software, IBM Corporation, Oracle Corporation, Red Hat HP, SAP, EMC, Hubspan and Cordys B.V.

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