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The Global System Integration Market Growth Accelerated By Increased Adoption Of Digital Technologies

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Mia Yates
The Global System Integration Market Growth Accelerated By Increased Adoption Of Digital Technologies

System integration plays a crucial role in modernizing legacy systems and seamlessly integrating different technologies and platforms. It helps in consolidating different applications and enables their proper functioning. The demand for system integration is increasing owing to the rising need for converged networking, cloud computing services, big data analytics, and mobility solutions across various industries.

The global System Integration Market is estimated to be valued at US$ 491.11 billion in 2023 and is expected to exhibit a CAGR of 6.0% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the key trends driving the growth of the system integration market is the increased adoption of digital technologies across industries. With growing digital transformation, there is a rising need to seamlessly integrate different IT infrastructure, applications, and platforms. System integration helps organizations in deploying technologies such as cloud, big data analytics, AI, IoT, and mobility solutions in a synchronized manner. This is supporting various companies in automating business processes, gaining real-time insights, and enhancing customer experience.Furthermore, the integration of newer technologies is allowing organizations to derive value from digital assets, streamline operations, and gain competitive advantages. As digital transformation continues to accelerate across sectors, the demand for system integration is also expected to increase significantly over the coming years.


Segment Analysis

System Integration involves the integration of hardware and software components into a single system to ensure that IT systems and business processes function at their full potential. The global system integration market is dominated by the manufacturing execution system (MES) sub-segment. MES offers management of production activities on the plant floor by integrating all production data in a centralized system. It helps optimize productivity, quality, and traceability.

Key Takeaways

The Global System Integration Market Size is expected to witness high growth. The global System Integration Market is estimated to be valued at US$ 491.11 billion in 2023 and is expected to exhibit a CAGR of 6.0% over the forecast period 2023-2030.

Regional analysis: The Asia Pacific region is expected to grow at the fastest rate during the forecast period. This can be attributed to rapid industrialization and adoption of advanced technologies across industries such as manufacturing, chemicals, oil & gas, and energy & utilities in major APAC economies including China, India, South Korea, and Japan.

Key players: Key players operating in the system integration market are BB, Ascenz Solutions Pte Ltd. BB offers a wide range of system integration services across industries. Similarly, Ascenz Solutions Pte Ltd specializes in integration services for retail and supply chain management applications.

For More Insights, Read: https://www.newswirestats.com/system-integration-market-trends-growth-and-regional-outlook-2024-2030/


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