Albany, NY -- (SBWIRE) -- 11/30/2016 -- The global system integration market was valued at US$191.36 bn in 2013. By the end of 2020, this market is expected to reach US$377.59 bn in 2020. Transparency Market Research, a leading market intelligence firm, has deduced that the global system integration market is exhibiting a CAGR of 10.9% within a forecast period of 2013 to 2020. The data is provided in a research report, titled "System Integration Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020."
According to the report, the primary driver for the global systems integration market is the high rate of investment into IT infrastructure. These investments are increasing the demand for more sophisticated integrated systems.Other drivers for the global systems integration market are the incorporation of modern technology such as cloud architecture and big data analytics, as well as positive investment trends in automation solutions.
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However, several restraints also challenge the growth rate of the global systems integration market. These include the lack of integration standards in IT and the high cost and time required for the implementation of such systems. As such, multiple companies are looking to increase their international presence through the provision of reduction in operation costs. Many enterprises of all sizes are looking for lower operational costs and the global systems integration market can provide it to them.
The report provides a segmented assessment of the global systems integration market through the categories of service types, end use, and geography.
In terms of service type, the global systems integration market was dominated by infrastructure system integration in 2013. This segment is expected to maintain its dominance over the given forecast period.
The geographical segmentation of the global systems integration market provides the key regions of North America, Europe, Asia Pacific, and Rest of the World. Nearly 33% of the global systems integration market was occupied by North America in 2013, in terms of revenue. This leading market share was owed to the presence of a large number of key players in the market and the economic ability to make higher investments.
At the same time, Asia Pacific is marked as the fastest-growing region in the global systems integration market. This region is experiencing an influx of international players as well as the emergence of multiple regional ones. This is further boosted by a rapidly improving economy, a surge of globalization trends, and the existence of a large user base ready to invest in the market.
The key players in the global systems integration market are Tata Consultancy Services Limited, Oracle Corporation, Lockheed Martin Corporation, Infosys Technologies, IBM Corporation, Hewlett-Packard Company, Harris Corporation, Fujitsu Limited, Computer Science Corporation (CSC), Cognizant Technology Solutions, BAE Systems Plc, and Accenture Plc.