System Integration Services Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to system integration services 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 Services Market News

in System Integration Services Market
  • In February 2024, Solutions by stc completed the acquisition of a 40% stake in Devoteam Middle East for SAR 741.7 million. This strategic move enhances Solutions by stc's capabilities in providing digital transformation and system integration services across the Middle East. The partnership aims to leverage Devoteam's expertise in cloud, AI, and cybersecurity to deliver innovative solutions to clients in the region.
  • In March 2024, Brennan IT, Australia's largest systems integration provider, acquired IT services and consulting firm Nuago. Founded in 2016, Nuago rapidly expanded and achieved over $25 million in annual revenue. The acquisition enhances Brennan IT's talent pool and business opportunities, particularly in South Australia. This move is part of Brennan's strategy to invest in Australian tech specialists and expand its presence in the local market.
  • In October 2024, Infosys introduced its Finacle Data and AI Suite, designed to help banks integrate artificial intelligence into their operations. This suite enables financial institutions to enhance decision-making, improve customer experiences, and streamline their digital landscapes. By offering AI-powered insights, Infosys aims to strengthen its position in the financial services sector and drive system integration within the industry.

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FAQs

Global System Integration Services Market size was valued at USD 42.17 Billion in 2023 and is poised to grow from USD 45 Billion in 2024 to USD 75.6 Billion by 2032, growing at a CAGR of 6.7% in the forecast period (2025-2032).

The global system integration services industry in 2024 remains highly competitive, driven by several major players that are increasingly focusing on digital transformation solutions, AI integration, and cloud migration services. Accenture, a key leader in space, continues to expand its presence with a focus on combining AI, automation, and cloud to offer comprehensive solutions to businesses across various sectors. In 2024, they partnered with Microsoft to deliver cutting-edge AI-driven solutions aimed at enhancing business operations. 'Brennan IT', 'Infosys', 'IBM', 'Oracle', 'Atos', 'Accenture', 'HCLTech', 'Wipro', 'Cognizant', 'Hewlett Packard Enterprise (HPE)', 'Cisco Systems', 'Microsoft', 'Deloitte'

The accelerating digital transformation across sectors like manufacturing, healthcare, and BFSI is a major growth driver for system integration services. Organizations are increasingly adopting technologies such as IoT, AI, and big data analytics, which require seamless integration with legacy infrastructure. In 2024, for example, several global pharmaceutical firms collaborated with IT integrators to build unified digital ecosystems that enhance data flow and regulatory compliance.

Rise of Integration Platform as a Service (iPaaS): iPaaS platforms are revolutionizing how organizations handle integrations by offering cloud-based solutions that support faster, low-code or no-code integration. These platforms are particularly effective for connecting SaaS applications and automating workflows across departments. In 2024, Salesforce and Workato announced enhanced AI features within their iPaaS tools, allowing businesses to automate customer service workflows with minimal developer input. This has opened opportunities for non-technical users to take part in integration, significantly broadening market adoption.

How is North America Shaping the System Integration Services Market?

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Global System Integration Services Market
System Integration Services Market

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