The global integrated systems market is expected to reach USD 24.02 billion by 2020, according to a new study by Grand View Research, Inc. Accelerated business demands and intricate nature of IT challenges is anticipated to drive the global integrated systems market demand over the forecast period. The IT industry is highly dynamic in nature and characterized by technological advancements and innovation. Every few years the industry experiences tectonic shifts that re-shape IT. Shift in trend from mainframes to client/server to internet computing has altered the way end-users build, purchase, consume, and deliver technology.
In recent times, the integrated systems market has witnessed significant shift, which may be attributed to emergence of mobility, big data, social networking and cloud computing. Smartphone proliferation has also impacted the IT industry, with the advent of the BYOD phenomenon, and provides several market growth opportunities. However, factors such as high deployment cost may pose a challenge to market growth. Besides perceived complexity with regards to installation of converged infrastructure solutions, they are viewed as an expensive but necessary spending.
Further key findings from the study suggest:
- The integrated infrastructure segment is poised for high growth over the next six years, which may be attributed to strong revenue growth posted by a few key industry players such as VCE, Cisco, etc.
- Integration and installation segment accounted for substantial market share in 2013, and is expected to witness high growth. Legacy data center infrastructure has several shortcomings that fail to meet modern data center demand, and has resulted in rise in integrated systems deployment. Further, integrated systems provide the ability to replace aging systems and platforms, thereby combining multiple systems into one platform.
- BFSI accounted for majority of the integrated systems market in 2013, owing to high market penetration and early adoption. Integrated systems installation enables the BFSI sector support growth, expand network and offer new services to their customers. It also plays a key role in reducing cost, space and power consumption significantly.
- North America captured a sizeable amount of the integrated systems market, which can be primarily attributed to technological advancements and high market penetration. In addition, the need to achieve agility and efficiency in enterprises may also catapult the regional market demand over the forecast period.
- Key integrated systems market players such as Oracle Corporation, Cisco Systems, VCE, Hewlett-Packard and IBM focus on collaborations as it helps in technology exchange, joint sales and marketing efforts, new market creation and new product development.
Access full research report on global integrated systems market: www.grandviewresearch.com/industry-analysis/integrated-systems-market
ABB was awarded an agreement by Hyundai to offer an electrification, power management, and telecommunication solution for oilfields off the coast of the UAE, in July 2016.
The power management completed by ABB was mainly based on System 800xA.
This agreement will boost the market growth in the forecast period.Yokogawa was awarded an agreement by Sharjah Electricity and Water Authority (SEWA), in January 2017, to offer control systems for the desalination station and Layyah power.
The company will offer the CENTUM VP integrated production control system for the turbine governor, boiler, turbine protection system and the ProSafe-RS security instrumented system for boiler protection and burner management.In November 2018, ABB offered its Ability Symphony Plus distributed control system, an incorporated automation solution to manage the production of China’s first commercially controlled concentrated solar power plant.
This will boost the distributed control system market in the years to come.Emerson Electric Co, in April 2018, developed a superior version of DCS, named as DeltaV version 14.
Furthermore, this upgrade has helped to decrease working costs by improving efficiency and security in development operations.ABB (Switzerland) announced 800xA 6.1 distributed system, in March 2019, presenting upgraded Ethernet solution with a series of engineering tools, and extra high integrity controllers.
According to MarketsandMarkets’ forecast, the Integrated Drive Systems Market, in terms of value, is expected to grow from USD 23.89 Billion in 2015 to USD 38.27 Billion by 2022, at a CAGR of 6.80% between 2016 and 2022.
The major drivers for the market include the advancement and rapid growth in automation, increasing adoption of energy-efficient international standards and integrated drive systems, increased focus on efficiency and reducing production cost, and regulations on energy efficiency.This report covers the integrated drive systems market based on offering, industry, communication protocol, and geography.
The automotive and transportation industry is expected to hold the largest share of the drive systems market during the forecast period.
Rapid changes in terms of manufacturing technology, innovation, and technical advancements in the automotive industry are expected to drive the market for integrated drive systems.
There is a high demand for integrated drive systems across the globe as they help enhance the efficiency of production and manufacturing facilities in the automotive industry.The market for software is expected to grow at the highest rate between 2016 and 2022.
The number of wireless connections in drive systems has increased considerably over the past few years as a result of improved network coverage, quality of transmission, and bandwidth capacity.
Due to increase in the demand by customers for lesser standalone solutions and abridged deployments the factors such as major storage, management, networking & systems are forecasted to have a larger stake in integrated systems market.
Rapid evolution in the IT sector has led to a shift from the silos which were traditionally being used.
Moreover, the above mentioned advantages help the organizations to respond more efficiently to the customer’s demands and focus on the markets that are unattended.
Implementation is included in the installation and integration services which starts with breaking down the traditional organizational silos, including storage, networking and server facilities that can be easily fused into existing arrangements to make optimum performance possible.
Product Insights Integrated systems are also called as converged infrastructure which are tested and validated, pre-integrated and mainly consist of integrated infrastructure and integrated platform/workload.
End-Use Insights Integrated systems are being put to use in various domains like educational institutes, BFSI and telecom, retail, healthcare, manufacturing and IT.
