System integration market is forecast to accrue a humongous remuneration of around USD 450 billion by 2024, as per reliable estimates. 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.
The rising demand for internet connectivity has led to an increased requirement of hardware and software solutions in the IT and telecom industry, consequently leading to the expansion of system integration market. The emergence of advanced technology in communication services and a paradigm shift of the customer base from wired to wireless services has massively propelled system integration industry from the IT & telecom sector.
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Speaking of the competitive spectrum of system integration market, 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. The strategic partnership apparently aims to work in the area of a smart factory and provide a comprehensive solution for its consumers.
Service segmentation: The report claims that the Service landscape of the system integration market is subdivided into –
o Infrastructure Integration Service
o Building Management System (BMS)
o Integrated Communication
o Data center Infrastructure Management System (DCIM)
o Network Integration
o Cloud Integration
o Application Integration service
o Application Lifecycle Management (ALM)
o Data integration
o Integrated Security Software
o Integrated Social Software
o Consulting Service
Important pointers encompassed pertaining to the Service spectrum:
o Major details about the Service spectrum are provided in the report.
o The study elaborates on the remuneration forecast of each of the Service categories by the end of the anticipated duration.
o The market share which each of the Service segments account are mentioned in the study.
o Also, the most proliferating trends that the Service spectrum is characterized by are also entailed.
End-Use segmentation: The report states the End-Use landscape of the system integration market to be split into –
o IT & Telecom
o Energy & Utility
Important pointers encompassed pertaining to the End-Use spectrum:
o Substantial details about the End-Use spectrum are provided in the report.
o The study mentions about the valuation estimate of each of the End-Use categories in detail, by the end of the forecast period.
o The market share that each of the End-Use segments account are mentioned in the study.
o The trends that the End-Use landscape is defined by are also contained in the report.
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Among the various segments that contribute toward system integration market growth, integrated building management system would require a special mention. Technological developments in the system integration industry have led integrated buildings to be able to maintain heating/cooling and even support energy conservation, monitor individual power supplies and initiate emergency response. According to the research conducted by the American Society of Heating, Refrigerating and Air-Conditioning Engineers, investing in an integrated building management system can improve the productivity of employees and occupants and save more than 14% in annual costs measured in lost productivity.
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