System Integration Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to system integration market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

System Integration Market News

  • In February 2023, there was an announcement of a revolutionary 5G-assisted hoisting solution by Schneider Electric, Capgemini, and Qualcomm Technologies, Inc. The project entailed exchanging traditional wired accesses with the newly developed wireless 5G Private Network, which eases system deployment and scale expansion across industrial sites.
  • In June 2023, a Security Service Edge was announced by Cisco, which makes access to any location via any device and application simplified and safe. One of the core obstacles is inconsistent access experience, and the latest solution discards the need to direct the traffic by both private and general destinations manually.
  • In February 2023, Cisco Systems, Inc., a digital communications corporation, established a partnership with NEC Corporation. In addition to joining the systems processes, the route of 5G xHaul and private 5G development is to be explored.

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FAQs

System Integration Market size was valued at USD 458.34 Billion in 2023 and is poised to grow from USD 521.59 Billion in 2024 to USD 1289.22 Billion by 2032, growing at a CAGR of 13.8% during the forecast period (2025-2032).

The system integration market is highly competitive, having several local and international players present in the market. Moreover, as the market is expected to expand and provide more opportunities for the market players, additional players are expected to enter the market gradually. Some of the market’s key players are Accenture, IBM Corporation, and Wipro Limited. In order to strengthen their position in this market, these players have adopted several growth strategies such as mergers and acquisitions, new product launches, expansions, joint ventures, partnerships, and others. The system integration services market presents significant opportunities for service providers. There is a continual need for integration capabilities that encompass emerging technologies such as artificial intelligence (AI), machine learning, and blockchain. 'IBM Corporation ', 'Accenture ', 'Capgemini ', 'Tata Consultancy Services (TCS) ', 'Infosys Limited ', 'HCL Technologies ', 'Wipro ', 'Cognizant ', 'Oracle Corporation ', 'Deloitte ', 'Johnson Controls ', 'John Wood Group PLC ', 'ATS Automation Tooling Systems ', 'Avanceon ', 'Revere Control Systems ', 'Logical Systems ', 'Grantek ', 'M.C. Dean ', 'Interstates ', 'Actemium North America '

Most of the industries are moving towards digital technologies to help improve their operational efficiency, customer service, business agility, etc. Hence, with the help of this trend, the necessity to implement different systems seamlessly is at all-time high. It is especially relevant for manufacturing, healthcare, or finance as with the help of real-time data integration and process automation, their operations can be substantially improved.

Adoption of Aritificial Intelligence: The AI algorithms require high-quality data so that they can make accurate predictions and run decisions. Consequently, system integration helps to guarantee this data quality, as such systems connect data from multiple sources and make it accessible to AI models. Hence organizations are taking advantage of leveraging AI capabilities into their existing system integration services or products.

North America has been one of the leading markets in 2023, as the adoption of IoT in industrial automation and high adoption of cloud-based services by large companies suffice the growth of the system integration market. Moreover, BFSI companies in the region have accepted modern days technology and have increased growth opportunities for the system integration market in North America. Additionally, banks in the region are taking great care to ensure that they fulfill the demand of every client. Adding more services will help the bank to improve its client base and to remain competitive in the market. Due to this, the migration of companies to such an organization will increase the demand for system integration services in the region during the forecast period.

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Global System Integration Market
System Integration Market

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