Integrated Systems Market Share
Increasing advancements in technology such as cloud deployment and other virtual technologies are driving the market for global integrated systems market. The increasing data center infrastructure and their integration with existing infrastructure and tools are fuelling the market growth. The significant advantages of integration such as reducing operational expenditure, and increase in efficiency are further driving the market.
Regional Analysis
North America holds the major market share for global integrate systems market. The presence of major integration providers in the region contributes to the demand for integrated infrastructure services. IBM Corporation, an American Multinational technological company, is offering integration API which allows users to control applications through remote infrastructure. Integration API is sometimes referred to as IBM integration bus java. The integration bus java helps in integrating servers, message flow, and files through message flow in other formats.
Owing to several benefits such as cost-effectiveness, reducing data redundancy and many more, through integrated systems, Asia Pacific region is estimated to grow at rapid CAGR through the forecast period. The strong increase in the adoption of cloud among enterprises and the Internet of Things are the major factors that are fuelling the market growth in this region. Huawei Technologies, a Chinese multinational networking equipment service provider is offering integration services in the region through industry collaboration. Through consulting and system integration, Huawei is working with telecom industry to re-architect the operations. Huawei is about to invest USD 350 million in developing tools and platforms, consulting & integration services. In the area of telecommunications, the company is offering business system integration services, digital service integration, fixed network integration service, data center integration solutions, and much more to reduce the operational cost for the organization.
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.
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.
Industry Updates
June 2019: A global leader in laser materials processing solutions, II‐VI Incorporated has recently introduced the all-new RLSK remote laser processing heads. It comes with integrated vision systems, which allow state-of-the-art precision welds, crucial for next-gen automotive manufacturing.
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).
More Information@
Integrated Systems Market Research Report | MRFR
Global Integrated Systems Market Market is estimated to grow 16% CAGR, Integrated Systems Market…
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