According to the report published by Allied Market Research, the global system integration market generated $351.8 billion in 2021, and is projected to reach $1,838.6 billion by 2031, growing at a CAGR of 18.1% from 2022 to 2031.
An increase in the adoption of cloud computing, the surge in demand for low-cost and energy-efficient production processes, and growth of the small and medium enterprises in various countries across the globe are expected to drive the growth of the global system integration market.
Rapid advancements in artificial intelligence (AI) and the Internet of things (IoT) and the rise in investment by various companies in system integration solutions during the pandemic had a positive impact on the market.
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The key players analyzed in the global system integration market report include Accenture, Capgemini SE, Cisco System Inc., Fujitsu, Cognizant, Delloite, IBM Corporation, Infosys, Tata Consultancy Services, Tech Mahindra Limited, Oracle Software, HCL Technology, Tesco Controls, Burrow Global, INTECH, Crystalloids Inc, Mangrovia Blockchain Solutions.
The report offers detailed segmentation of the global system integration market based on service type, enterprise size, industry vertical, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on the fastest-growing segments and highest revenue generation that is mentioned in the report.
Based on enterprise size, the large enterprises segment held the largest market share in 2021, holding nearly three-fourths of the global market, and is expected to maintain its leadership status during the forecast period. The SMEs segment, on the other hand, is expected to cite the fastest CAGR of 20.4% during the forecast period.
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Based on service type, the infrastructure integration segment held the largest market share in 2021, holding nearly half of the global market, and is expected to maintain its leadership status during the forecast period. The data integration segment, on the other hand, is expected to cite the fastest CAGR of 20.8% during the forecast period.
Based on industry, the BFSI segment held the dominating market share in 2021, holding nearly one-fifth of the global market, and is expected to maintain its leadership status during the forecast period. The healthcare segment, on the other hand, is expected to cite the fastest CAGR of 22.2% during the forecast period.
Based on region, the market across North America held the largest market share in 2021, holding more than one-third of the global market, and is expected to maintain its leadership status during the forecast period. The Asia-Pacific region, on the other hand, is expected to cite the fastest CAGR of 20.4% during the forecast period.
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