San Francisco, California, Jan. 19, 2015 (GLOBE NEWSWIRE) -- The global system integration market is expected to reach USD 393.10 billion by 2020, according to a new study by Grand View Research, Inc. Surge in system integration solutions' spending by companies has enhanced the management of Information Technology (IT) infrastructure, data integrity, and has substantially eradicated redundancies. Need for eliminating multiplicity, heterogeneity, and varying distinctiveness of key applications and infrastructures is expected to drive the system integration market over the forecast period.
Detailed market research report on Global System Integration Market: http://www.grandviewresearch.com/industry-analysis/system-integration-market
The advent of cloud computing coupled with advancements in virtual technologies is expected to encourage system integration solution adoption. Developments in technologies such as Building Energy Management Systems (BEMS), clinical integration, Cloud Service Brokerage (CSB), and Cyber Physical System (CPS) integration are expected to provide new avenues for market growth. The system integration market has high growth potential over the next six years owing to the perennial need for open and distributed architectures. High implementation cost may deter SMEs and start-ups from implementing system management solutions.
Further key findings from the study suggest:
For the purpose of this study, Grand View Research has segmented the global system integration market on the basis of service, application and region:
System Integration Service Outlook (USD
Billion, 2012 - 2020)
• Infrastructure Integration
• Application Integration
• Consulting
System Integration Application Outlook (USD Billion, 2012 -
2020)
• Banking & Finance
• Defense & Security
• Healthcare
• Telecommunications & IT
• Oil & Gas
• Transportation
• Retail
System Integration Regional Outlook (USD Billion, 2012 -
2020)
• North America
• Europe
• Asia Pacific
• RoW
More information about System Integration Market: http://www.grandviewresearch.com/industry-analysis/system-integration-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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