The integrated systems market is anticipated to surpass a valuation of USD 30 billion, attaining a CAGR of 16% during the review period (2017–2023), Market Research Future (MRFR) reveals in a detailed report. An integrated system can be defined as a process to create an information system, including constructing a modified application. The modified application is further used to combine the communication the hardware and software pre-installed. Integration systems aids in integrating on-premise systems with the help of cloud-based applications.
Market Potential and Pitfalls
The integrated systems market is predicted to expand at breakneck speed during the assessment period. The surging adoption of cloud-based services and the integration of existing technologies related to software and hardware are some of the factors dictating the growth trajectory of the market. The demand for integration of systems is further fueled by the increased investments in the IT sector, which has resulted in the deployment of IT across organizations. Integrated systems are highly deployed in industries like healthcare, BFSI, retail, and others. In the retail sector, retailers are financially benefited through communication and productivity. Supply chain integration to real-time coordination also has a huge impact on the retail sector. With the emergence of advanced forms of data management over traditional models, the market is likely to gain impetus.
The IT sector is evolving at an enormous rate and experiences the emergence of integrated systems, where data center technologies are melded to tested and pre-engineered systems, which operate as a whole. IT executives are highly considering integrated systems as an effective way to enhance their business agility. This is likely to dictate the growth trajectory of the market in the coming years.
On the contrary, the high cost of implementation, coupled with the complexities associated with integrating existing systems with the latest software are the top barriers restricting the market growth across the globe.
Global Integrated Systems Market: Segmental Analysis
By product, the integrated systems market is segmented into integrated infrastructure and integrated platform. The integrated platform offers map flow, which facilitates the application programming interface and integration flow. This platform is extensively used in enterprises which require quick release time. The providers of integrated platform supply the required middleware and tools and data infrastructures helpful to manage the cloud. These tools can be tested, deployed, and built as per the requirement of the clients to create cloud, which can be integrated with the existing system.
By service, the integrated systems market is segmented into professional and managed services.
By end use, the market is segmented into telecom, BFSI, retail, healthcare, manufacturing, and others. Among these, integrated systems are highly applied in the BFSI sector due to its high adoption rate across the sector.
Competitive Dashboard
The top players operating in the global integrated systems market include Honeywell International Inc. (U.S.), Cisco Systems, Inc. (U.S.), Schneider Electric SE (France), Johnson Controls International Plc (U.S.), Fujitsu (Japan), United Technologies Corporation (U.S.), Huawei Technologies Co., Ltd. (China), IBM Corporation (U.S.), Emerson Electric (U.S.), Hitachi, Ltd. (Japan), and Robert Bosch GmbH (Germany).
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Global Integrated Systems Market research report by product (integrated platform, integrated infrastructure), by service (professional services, managed services), by end-use (BFSI, IT and telecom, healthcare, manufacturing, retail) – Forecast till 2023Integrated Systems Market The integration system helps in combining all the physical components such as computer hardware and mechanical systems with virtual components such as databases, software to act like a single system.By type, the global integrated systems market is classified into the integrated platform and integrated infrastructure.
The integrated platform is a set of software tools which provides map flow which facilitates the integration flow and application programming interface.
The integrated platform is used in enterprises where quick release time is majorly required.
The tools can be deployed, tested or built according to clients need in order to create the cloud which can be integrated with existing system.Integrated systems have been deployed in various industry verticals such as BFSI, healthcare, retail and many more.
In the area of retail, retailers are getting more benefitted financially through productivity and communication.
In the area of retail, supply chain integration to real-time coordination has a huge impact.
Market HighlightsThe integration system helps in combining all the physical components such as computer hardware and mechanical systems with virtual components such as databases, software to act like a single system.By type, the global Integrated Systems Market is classified into the integrated platform and integrated infrastructure.
The integrated platform is used in enterprises where quick release time is majorly required.
The tools can be deployed, tested or built according to clients need in order to create the cloud which can be integrated with existing system.Integrated systems have been deployed in various industry verticals such as BFSI, healthcare, retail and many more.
In the area of retail, retailers are getting more benefitted financially through productivity and communication.
In the area of retail, supply chain integration to real-time coordination has a huge impact.
On the basis of service, the segment is further classified into professional and managed services.
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.
