The increasing investment in the IT infrastructure has significantly contributed to the growth of the global system integration market. The emergence of cloud as well as big data analytics and high demand for automation solution have also supported the growth of the worldwide market for system integration.
According to a research report published by Transparency Market Research (TMR), the global system integration market reached a value of US$191.3 bn in 2013. Analysts at TMR have projected its market to reach a valuation of US$377.5 bn by the end of 2020, expanding at an impressive CAGR of 10.90% over the period from 2014 to 2020.
Browse the full System Integration Market Report
Will Application Integration Services manage to Push Infrastructural Integration Services?
Application integration services, infrastructural integration services, and consulting services are the major components of the global system integration market. North America, Asia Pacific, Europe, and the Rest of the World are the major regional markets for system integration.
The infrastructural integration services market dominated the global market for system integration in the past and is expected to retain its leadership even in the future. However, it is the application integration services market, which is creating ripples in the system integration industry across the globe. Analysts have reported that the market for application integration services will expand at the fastest CAGR among all, i.e., 11.30% over the period of 2014-2020.
Data Integration: Leading Application Integration Services Market
Data integration, integrated social software, unified communication, and application integration are the key segments of the application integration services market. Of these, the data integration market has emerged as the biggest segment, holding a share of 28.20% of the overall application integration services market.
With new product launches, mergers and acquisitions, rising capital inflow, and increasing research and development activities, the data integration market has been exhibiting robust development of late. Market giants are introducing advanced data integration services in this highly competitive market to gain an edge over their peers.
Recent Developments in Data Integration Services Market
- Among the latest arrivals is Google’s Cloud Dataflow, which is designed to integrate separate data systems as well as databases in one programming model, in the meanwhile providing apps full access to that data.
- Another major introduction in recent times is that of Microsoft’s Azure Data Factory. With this service, Microsoft not only offers data integration, but also data automation service for the regulation of the data pipelines that connects a range of data systems and databases with a number of applications.
- Perspectium, one of the leading application and systems integration solutions provider to enterprises, has been selected by Symantec for their enterprise integration framework, ServiceNow.
Browse Press Release of System Integration Market:
Accenture, Oracle, Fujitsu, Harris Corp., Infosys, IBM, Hewlett-Packard, TCS, and Cognizant are some of the prominent companies operating in the global system integration market, apart from Google and Microsoft.