Albany, NY -- (SBWIRE) -- 01/11/2016 -- The increasing investment in the IT infrastructure has significantly contributed to the growth of the global system integration market. The emergence of cloud as well as big data analytics and high demand for automation solution have also supported the growth of the worldwide market for system integration.

According to a research report published by Transparency Market Research (TMR), the global system integration market reached a value of US$191.3 bn in 2013. Analysts at TMR have projected its market to reach a valuation of US$377.5 bn by the end of 2020, expanding at an impressive CAGR of 10.90% over the period from 2014 to 2020.

The global system integration market is expected to be driven by high investment in information technology (IT) infrastructure boosting the demand for integrated systems, emerging technologies such as cloud and big data analytics and high investment in automation solutions. Despite these driving forces, high implementation cost and time and less number of integration standards in IT domain are some restraining factors for the growth of system integration market. Today, local firms are aiming to go global and global firms are looking forward to penetrate deeper in the market. In face of rising operational cost, various small, medium and large enterprises are demanding for system integration service as they aim to reduce the overall operational cost.

Browse Market report at http://www.transparencymarketresearch.com/system-integration-market.html

Out of all major market segments, infrastructural system integration was the largest segment in terms of revenue generation in 2013 and is forecast to maintain its dominance over the forecast period. This is mainly due to the expected development of network management and cloud based integration services in coming years. In 2013, data integration was the largest segment in application integration service segment which held the share of 28.2% of the total application integration services market. However, integrated social software segment is expected to grow at fastest CAGR of 11.3% during the forecast period from 2014 to 2020. Banking, financial services and insurance sector generated the maximum revenue for global system integration market in 2013 and is expected to maintain its dominant position throughout the forecast period. System integration market is expected to grow significantly in defense sector in coming years.

Geographically, North America dominated the global system integration market in 2013, accounting for the share of 33.0%. Emerging economies in Asia Pacific such as China, India and Japan are expected to be the fastest growing markets for system integration. Many local players in this region are emerging as global market leaders and are expected to drive system integration market in coming years.

The global system integration market is fragmented in nature and players such Accenture Plc, BAE Systems Plc, Cognizant Technology Solutions, Computer Science Corporation (CSC), Fujitsu Limited, Harris Corporation, Hewlett-Packard Company, IBM Corporation, Infosys Technologies, Lockheed Martin Corporation, Oracle Corporation and Tata Consultancy Services Limited among others hold the distinguishable share in the global market.

The global system integration market is segmented as follows:

Global System Integration Market, by Services Types
Infrastructure Integration Service
Network Management
Data center Management
Building Management Systems
Security and Surveillance Management
Cloud based Integration Management
Enterprise Management

Application Integration Service
Data Integration
Unified Communication
Integrated Social Software
Application Integration
Consulting Services
Business Process Integration
Business Transformation
Application Lifecycle Management

Global System Integration Market, by End-use
Banking, Financial Services and Insurance
Defense
Healthcare
Telecommunication and IT
Oil, Gas and Energy
Transportation
Retail
Others (Pharmaceuticals, Public Sector, Education, Automotive)

Global System Integration Market, by Geography
North America
Europe
Asia Pacific
RoW

Get More Details here :
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2963

About Transparency Market Research (TMR)
Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.