System Integration Market to 2020 - Industry Applications, Market Size, Company Share: Grand View Research, IncCommunications Equipment & Supplies ManufacturersUpdated on Jan 14, 2015 View more like this | Visit SAN FRANCISCO, CA | Contact Andrew Smith |
Grand View Research, Inc has announced the addition of the "2014 Report on the Global System Integration Market Growth, Trends and Forecast to 2020" report to their offering. The system integration market has high growth potential over the next six years owing to the perennial need for open and distributed architectures. High implementation cost may deter SMEs and start-ups from implementing system management solutions.
Further key findings from the study suggest:
Infrastructure integration accounted for over 35% of the overall market share in 2013, closely followed by consulting. Cloud system integration service is expected to gain prominence owing to several inherent characteristics such as variable cost, dynamic scaling, and utility price. In addition, it is a viable option for organizations to address the issues of volatile demand and low available capital, as several users can access a single hardware, thereby saving the cost incurred for deploying additional hardware. Business process integration is expected to be a key market in the consulting application sector due to its efficiency and automated governance.
Banking & finance contributed over 15% to the global market revenue in 2013. System integration enables smooth, quick and safe banking operations by building a responsive IT infrastructure that addresses critical requirements of the banking domain. Healthcare accounted for considerable market share in 2013.
North America emerged as a key regional market in 2013 as a result of significant investments made by governments in implementing system integration solutions across several departments.
Further key findings from the study suggest:
Infrastructure integration accounted for over 35% of the overall market share in 2013, closely followed by consulting. Cloud system integration service is expected to gain prominence owing to several inherent characteristics such as variable cost, dynamic scaling, and utility price. In addition, it is a viable option for organizations to address the issues of volatile demand and low available capital, as several users can access a single hardware, thereby saving the cost incurred for deploying additional hardware. Business process integration is expected to be a key market in the consulting application sector due to its efficiency and automated governance.
Banking & finance contributed over 15% to the global market revenue in 2013. System integration enables smooth, quick and safe banking operations by building a responsive IT infrastructure that addresses critical requirements of the banking domain. Healthcare accounted for considerable market share in 2013.
North America emerged as a key regional market in 2013 as a result of significant investments made by governments in implementing system integration solutions across several departments.
