Market Scenario
The IT landscape has progressed into the scalable environment by having various mobile applications, services, and various cloud techniques. Organizations need integration tool in order to create connectivity with on-premise systems and databases throughout the enterprise. Organizations have implemented point to point integration to create connectivity which creates custom code and embed with the individual node to create a connection. For a business with many applications and databases, this method becomes difficult in connecting the endpoints. For such type, complete integration solution needs to be deployed. For integration, the process may involve designing or building a customized application which can integrate with the existing or new hardware or software and network infrastructure.
An integrated system is a process of creating an information system which includes constructing a modified application, which is used to combine the communication between the hardware and software which are already installed. Most of the enterprises rely on third-party integrators for system development. With the rise in cloud computing, the integration system helps in integrating on-premise systems with cloud-based applications to maintain a balanced ecosystem.
With the integration of existing technologies related to hardware and software among enterprises, the adoption of cloud based services turn out to be easy and is the major factor driving the global Integrated Systems Market Size. Increasing investments in IT sector in recent years has resulted in the deployment of IT in various organizations which created demand for integration of systems. Development in technologies across manufacturing sector is fuelling the global market for integrated systems. High implementation cost and complexity in integrating existing systems with the latest software are hindering the market growth.
The global integrated systems market is expected to reach USD 30 Billion by 2023 at CAGR of 16% through the forecast period 2017 to 2023.
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Industry Trends:
Beckhoff Automation has recently showcased a new way of approaching integrated systems by including audio-visual mediums into their parameters. On the other hand, their rival Draco Tera has IHSE control system that can connect bidirectional signal distribution of high definition video, audio, and data over Cat X with remote servers without delay in transmission and the system is effectively working in air control centers of Frankfurt Airport. Black Box’s AV solutions, such as Coalesce Meeting Place Edition, In-Session Meeting Room Booking System and others, provide improved control, quality, and collaboration with the control room.
Key Players:
Some of the key players in the global integrated systems market are Cisco Systems, Inc. (U.S.), Honeywell International Inc. (U.S.), Johnson Controls International Plc (U.S.), Schneider Electric SE (France), United Technologies Corporation (U.S.), Fujitsu (Japan), IBM Corporation (U.S.), Huawei Technologies Co., Ltd.(China), Hitachi, Ltd.(Japan), Emerson Electric (U.S.), Robert Bosch GmbH(Germany) among others. Prominent vendors are constantly investing in research and development to deploy cost-effective integration solutions.
Segmentation:
The global integrated systems market can be classified on the basis of product, service, end-use, and region. On the basis of product, the segment is further classified into integrated platform and integrated infrastructure. On the basis of service, the segment is further classified into professional and managed services. The managed services segment can be further classified into maintenance, support, installation and integration. The professional services can be segmented into consulting services. The integrated systems can be deployed in various verticals such as BFSI, telecom, healthcare, retail, manufacturing, and many more.
Key Findings:
- Veeam Software, a data management software company launched suite 9.5 which helps in integrating windows server and nimble storage. It helps in providing data protection across physical and cloud workloads.
- Lockheed Martin, an American Defense and advanced technology company, is about to build an integrated automation system for ExxonMobil to support company’s oil & gas plant operations.
Regional Analysis
The global integration systems market is studied for North America, Europe, Asia Pacific, and Rest of the world. North America dominates the market for integrated systems. Due to the availability of large IT market and developed cloud data centers in the region is driving the market. Asia Pacific is about to witness rapid growth in the global integrated systems market. Increase in demand for cloud-based services, and adoption of integration systems across major verticals is driving the market in the region. Japan is anticipated to increase their spending on technology integrated solutions in the forecast period, which is driving the market for integration system.
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Intended Audience
- System Integrators
- Software developers
- Testing
- IT Providers
- Infrastructure agencies
- Research Firms
- Value-added resellers
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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.
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.
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.
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.
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 AnalysisBy product, the integrated systems market is segmented into integrated infrastructure and integrated platform.
Integrated Systems MarketThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Integrated Systems Market.
Also, the rise in applications that require combining the communication between hardware and software which is pre-installed, is estimated to boost the growth of the integrated systems market in the upcoming period.Segmental AnalysisThe segmental overview of the integrated systems market can be conducted on the basis of service, product, end-use, and region.
On the basis of the services, the integrated systems market is segmented into managed and professional services.
On the basis of the end-users, the integrated systems market is segmented into telecom, healthcare, retail, BFSI, manufacturing, and many more.
The North American region controls a key market segment for the integrated systems market and is expected to develop at a momentous rate over the forecast period.
The incidence of key market companies and the highly developed nature of the region is driving the market in the region.
