Artificial Intelligence
System Integration Services Market worth $665.6 billion by 2028 – Exclusive Report by MarketsandMarkets™
CHICAGO, Sept. 11, 2023 /PRNewswire/ — The ability to adapt to new technologies, the complexity of IT ecosystems, and the demand for seamless connectivity and data management across numerous platforms all define the future of the System Integration Services Market. System integrators will keep being crucial in assisting businesses in navigating the changing digital environment.
The global System Integration Services Market is expected to grow from USD 483.0 billion in 2023 to USD 665.6 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 6.6% during the forecast period, according to a new report by MarketsandMarkets™. The System Integration Services Market is expanding, and vendors are adopting a strategic focus to attract customers. The emphasis is on providing an elegant user experience as more users turn to system integration services. These services help users streamline their integration process, and service providers must respond to the demand for simple, user-friendly solutions.
Browse in-depth TOC on “System Integration Services Market”
218 – Tables 55 – Figures295 – Pages
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Scope of the Report
Report Metric
Details
Market size available for years
2017–2028
Base year considered
2022
Forecast period
2023–2028
Forecast units
Million/Billion (USD)
Segments Covered
Service type, Vertical, and region
Geographies covered
North America, Asia Pacific, Latin America, Europe, and the Middle East & Africa
Companies covered
Accenture (Ireland), Capgemini (France), Cisco (US), HCLTech (India), HPE (US), IBM (US), Oracle (US), Infosys (India), Atos (France), Microsoft (US), Deloitte (UK), TCS (India), Wipro (India), Cognizant (US), DXC Technology (US), Dell (US), Fujitsu (Japan), Aspire Systems (India), CGI (Canada), Itransition (US), Celigo (US), 3Insys (US), Work Horse Integrations (US), DocInfusion (India), Flowgear (South Africa), Jitterbit (US), SnapLogic (US), Tray.io (US), and Workato (US).
Infrastructure Integration Services segment to hold the largest market size during the forecast period.
With the growth of IoT devices and the need for real-time data processing, edge computing is becoming more prevalent. Integrating edge computing infrastructure with core data centers or cloud services is becoming crucial for efficient data handling and reduced latency. AI and ML are increasingly incorporated into IT infrastructure management to optimize resource allocation, predict and prevent system issues, and enhance security through anomaly detection and threat analysis; this would drive the market. In the coming years, with the deployment of 5G networks, organizations are exploring ways to integrate 5G technology into their infrastructure to enable faster and more reliable connectivity, especially for edge and IoT applications.
The different elements of infrastructure integration services are:
Security Integration: Implementing security measures and protocols across the infrastructure to protect data, applications, and systems from unauthorized access and cyber threats.Cloud Integration: Integrating on-premises infrastructure with cloud services, enabling a hybrid IT environment combining both benefits.Data Center Integration: The data center is a facility used to provide storage, data communications, and deployment operations to organizations. Various cables, power, and networking equipment are required to function as data centers. Data centers are critical to any organization for continued operations. They ensure that data centers, whether owned by the organization or hosted externally, are integrated effectively to provide reliable and scalable services.Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=133169327
Healthcare vertical to record the highest CAGR during the forecast period.
Private medical offices can benefit from IT support and efficiency improvements through management software solutions and system integration services. These services can help healthcare companies increase process effectiveness, process payments, schedule appointments, and facilitate employee onboarding. System integration services can also assist with task-specific issues, such as streamlining documentation procedures and supporting HIPAA compliance through electronic medical records (EMR) software systems. As healthcare deals with sensitive patient information, IT and network security are significant concerns. System integration services in the US help overcome security and application management challenges and meet HIPAA compliance. Other medical procedures, such as medications and supplies management, engaging patients, and hosting websites that adhere to HIPAA regulations, can also benefit from system integration services. Healthcare practitioners turn to these services to maintain the functionality of vital medical technology and improve business operations. Migrating applications to the cloud offers numerous opportunities for deep data mining, analytical capabilities, enhanced interoperability, and internet-connected clinical devices; this can lead to reduced CapEx, reduced OpEx, and improved efficiency. System integration in healthcare involves connecting and coordinating various healthcare systems, technologies, and data sources to improve patient care and streamline operations. It involves the seamless exchange of information and collaboration among healthcare stakeholders, such as hospitals, clinics, laboratories, pharmacies, and electronic health record (EHR) systems. Health Information Exchange (HIE) enables authorized providers to access patient data, leading to more informed treatment decisions and improved patient outcomes, especially in emergencies.
Our analysis shows North America holds the largest market size during the forecast period.
As per our estimations, North America will hold the most significant market share in the global System Integration Services Market in 2023, and this trend will continue. There are various reasons for this, including numerous businesses with advanced IT infrastructure and an abundance of technical skills. Due to these factors, North America has the highest adoption rate of system integration services. The advancements in cloud computing, mobile technologies, and Machine-to-Machine (M2M) have also contributed to adopting system integration services in various industries, such as finance and government. As the benefits of the cloud strategy become more apparent, more businesses are embracing it. The US and Canada are the top players in the System Integration Services Market in the region. The manufacturing sector’s increasing adoption of Industry 4.0 technologies, such as automation, robotics, and Industrial IoT, has led to a growing need for system integration services to create interconnected smart factories.
In this region, large companies are quickly adopting system integration services to improve their employees’ overall experience and overcome business continuity challenges during the lockdown. With its vendor presence, North America drives market growth as large companies and SMEs focus on creating innovative system integration services incorporating technological advancements like data analytics, AI, and ML. North America was one of the first to adopt cloud and mobility technologies and has a sophisticated IT infrastructure that reduces operational costs across different sectors. North America is the most significant contributor to the market’s revenue compared to other regions. Companies focus on consumers, leading to increased business adoption of Enterprise Applications (EA). The growth of the North American market is due to its advanced technological infrastructure and the presence of major industry players such as Accenture, IBM, Microsoft, HP, and Oracle. These companies actively develop cutting-edge technologies, further fueling North America’s market expansion.
Top Key Companies in System Integration Services Market:
Some prominent players across all service types profiled in the System Integration Services Market’s study include Accenture (Ireland), Capgemini (France), Cisco (US), HCLTech (India), HPE (US), IBM (US), Oracle (US), Infosys (India), Atos (France), Microsoft (US), Deloitte (UK), TCS (India), Wipro (India), Cognizant (US), DXC Technology (US), Dell (US), Fujitsu (Japan), Aspire Systems (India), CGI (Canada), Itransition (US), Celigo (US), 3Insys (US), Work Horse Integrations (US), DocInfusion (India), Flowgear (South Africa), Jitterbit (US), SnapLogic (US), Tray.io (US), and Workato (US).
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Recent Developments
In February 2021, Accenture launched a new business group with VMware to help organizations move to the cloud faster. The new business group aimed to bring together dedicated professionals with deep expertise in hybrid cloud and cloud migrations, cloud-native and application modernization, and security across critical industries.In October 2022, Capgemini collaborated with Panasonic. Capgemini has successfully created a data ecosystem for a longstanding client Panasonic Automotive Systems Company of America. The new platform will improve the organization’s data-driven decision-making and innovation capabilities to drive efficiencies and more reliable extracts.In December 2021, Airtel and Capgemini aimed to bring their capability in connectivity and 5G solutions and System Integration (SI) capabilities to innovate with a range of India-focused use cases.In October 2021, Accenture announced the acquisition of Advoco, one of the major systems integrators for Infor EAM, an enterprise asset management software-as-a-service suite. Accenture expects the investment to help it extend its capacity to assist clients in developing safer, more sustainable, cost-effective operations and supply chain services.System Integration Services Market Advantages:
System integration services ensure that various systems, applications, and hardware function harmoniously with one another, hence minimising redundancy and inefficiency and optimising IT infrastructure.The complexity of IT operations is reduced by integrated systems’ uniform and user-friendly interface, which also increases worker productivity by streamlining processes.Integrated systems are made to be scalable, enabling businesses to change with their clients’ needs and expand without suffering significant setbacks.Integration services guarantee real-time data synchronisation between systems, reducing mistakes and discrepancies in data entry and reporting.By giving management and staff rapid access to pertinent data, integrated systems enable quicker and better-informed decision-making.Integrated systems enable a 360-degree picture of client data, improving customer happiness and allowing for more individualised marketing and better customer care.Integration services reduce manual intervention and the possibility of errors by automating routine tasks and business processes.By combining older systems with more modern ones, system integration enables businesses to prolong the life of their legacy systems and save money on expensive replacements.Organisations gain a competitive edge by being able to react rapidly to market developments and consumer demands thanks to streamlined processes and effective data access.Report Objectives
To define, describe, and forecast the System Integration Services Market by service type, vertical, and regionTo provide detailed information about the major factors (drivers, opportunities, restraints, and challenges) influencing the growth of the System Integration Services MarketTo analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the System Integration Services MarketTo forecast the size of the market segments concerning five regions: North America, Europe, Asia Pacific, Middle East and Africa, and Latin AmericaTo analyze sub-segments of the market concerning individual growth trends, prospects, and contributions to the overall marketTo profile the major players of the System Integration Services Market and comprehensively analyze their market size and core competenciesTo analyze the competitive developments, such as product launches and enhancements; acquisitions; and partnerships and collaborations, in the System Integration Services Market globally.Browse Adjacent Markets: Software and Services Market Research Reports & Consulting
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Artificial Intelligence
Securden Recognized as a Market Leader in GigaOm Radar Report for Enterprise Password Management
Securden has become a leader and an outperformer with cutting-edge features, rapid market advancements, and consistent customer value.
WILMINGTON, Del., July 4, 2024 /PRNewswire/ — Securden, Inc., a leading provider of privileged access and identity security solutions, today announced that it has been recognized as a leader and outperformer in GigaOm Radar Report for Enterprise Password Management.
GigaOm rigorously evaluates vendors in various solution segments and produces Radar reports with valuable insights to assist enterprise decision-makers in evaluating and investing in solutions.
The GigaOm Radar 2024 on Enterprise Password Management examined 13 enterprise password management solutions. “Securden is positioned in the innovation quadrant. It offers a strong solution, and its approach is to take its customers on a journey to broader PAM, with password management simply one focus area. It scored well across all of the decision criteria we evaluated, placing it as a leader, and its execution of the emerging features and rate of progress in the market classify it as an Outperformer,” states the report.
Securden has earned top ratings in key evaluation criteria, including platform security, security auditing, PAM capabilities, ease of management, ease of use, and scalability.
“We are proud to be recognized as a market leader in Enterprise Password Management by GigaOm Radar,” said Bala Venkatramani, CEO of Securden, Inc. “Protecting various identities used by humans and machines is a top priority for IT teams. Our platform offers a comprehensive privileged identity security solution, witnessing rapid adoption by SMBs and Enterprises globally. With innovation at the core, we are committed to offering simplicity and affordability in cybersecurity. This recognition affirms our strong market presence and our focus on providing powerful capabilities to strengthen our customers’ security posture.”
Securden offers robust protection for the vault with controls like access hardening, resilient deployment, and strong data protection approaches. It offers insights into password usage, identifies poor practices, flags failure to follow password standards, issues breach warnings identifying compromised passwords, and more. These measures significantly help reduce password-related risks.
Streak of Recognition
EMA Research, a top industry analyst firm, recently published an impact brief recognizing the Securden Unified PAM MSP platform as a groundbreaking development in privileged access management for MSPs. “By eliminating the need for disparate PAM solutions and providing comprehensive functionality within a single package, Securden empowers MSPs to deliver robust, scalable, and secure PAM services to their clients with unparalleled efficiency and confidence,” states the impact brief.
About Securden
Securden provides leading privileged access governance and identity security solutions that uniquely combine critical security principles to prevent cyberattacks, malware propagation and insider exploitation. With products designed for security and scalability (Password Vault for Enterprises, Unified PAM, Endpoint Privilege Manager, and Unified PAM MSP), Securden is trusted by organizations worldwide, including large financial institutions, government agencies, healthcare organizations, educational institutions, IT service providers, MSPs, and manufacturing companies. For more information, visit https://www.securden.com.
Media ContactJames [email protected]
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Artificial Intelligence
Managed Security Services Market Forecast to Exceed USD 101.86 Billion by 2031 Due to Escalating Security Concerns | SkyQuest Technology
WESTFORD, Mass., July 4, 2024 /PRNewswire/ — According to SkyQuest, the global Managed Security Services Market size was valued at USD 26.89 billion in 2022 and is poised to grow from USD 31.18 billion in 2023 to USD 101.86 billion by 2031, growing at a CAGR of 15.95% during the forecast period (2024-2031).
The global managed security services market has been growing rapidly, over the last couple of years, due to the increasing security threats or risks and increasing challenges in managing security over IT networks. It’s impossible to ignore the fact that small businesses face relentless cyberattacks, including malware, ransomware, advanced threats, advanced persistent threats, and data breaches, leading to remote and hybrid operations systems.
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Managed Security Services Market Overview:
Report Coverage
Details
Market Revenue in 2023
USD 31.18 billion
Estimated Value by 2031
USD 101.86 billion
Growth Rate
Poised to grow at a CAGR of 15.95%
Forecast Period
2024–2031
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Service Type, Type, Organization Size, Security, Type and Industry Vertical
Geographies Covered
North America, Europe, Asia Pacific, and the Rest of the world
Report Highlights
Updated financial information / product portfolio of players
Key Market Opportunities
Surge in Demand for Managed Detection and Response (MDR) Service
Key Market Drivers
Cyber Threats are Growing Complex
Segments covered in Managed Security Services Market are as follows:
Service TypeManaged IAM, managed vulnerability management, managed risk and compliance, managed detection and response, managed firewall, and managed SIEM and log management, othersTypeFully managed, co-managedOrganization SizeSmall and medium-sized enterprises, Large enterprisesSecurity TypeNetwork security, cloud security, endpoint security, application security, othersIndustry VerticalBFSI, government, healthcare & life sciences, telecommunications, IT and ITeS, Retail and eCommerce, energy and utilities, manufacturing, and other verticalsRequest Free Customization of this report:
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Rapid Responders: Incident Response Services
Managed detection and response are the large segment in the managed security services market. Managed detection-response services provide continuous improvement, threat detection, and response capabilities critical to today’s enterprises facing sophisticated cyber threats. This segment is characterized by the increasing prevalence and importance of cyberattacks advanced threat detection and response strategies beyond traditional security measures. The ability of the MDR service to provide comprehensive analysis of security incidents and take corrective action quickly is essential to minimize potential damage and ensure business continuity.
Managed identity and access management is the fastest growing segment in the market. The rising growth in this sector is driven by the need for robust stakeholder solutions in an era of digital transformation and remote collaboration. The rise of cyber threats and increasing regulatory requirements for data security and privacy and the main drivers of this segment.
Data Guardians: Data Protection Services
The global market recognizes the dominant position of the entire service management segment. This dominance is largely due to the scope of this role, in which companies assume full responsibility for an organization’s security programs from security providers, especially those without in-house security expertise or resources. These roles cover a wide range of security measures, including threat identification, incident response, compliance management and continuous monitoring. Adoption rates are also driven by the increasing complexity of cyber threats, which require a strong, 24/7 monitored security measure that only specialized providers can provide further strengthening its position as the largest market share.
In addition to the dominance of fully managed services, the advanced management segment is growing the fastest in the global market. This increase is driven by hybrid security models that offer a collaborative approach between internal IT teams and external security providers.
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Safeguarding Tomorrow’s Digital Frontiers
As businesses and organizations take on the cyber panorama in terms of severe, MSS vendors remain vigilant guards, the use of advanced era and professional insights. Managed Security Services (MSS) have emerged as the cornerstone of present-day cybersecurity strategies, presenting strong protection in opposition to threats in a more and more digital international.
Related Report:
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About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact:Mr. Jagraj SinghSkyquest Technology1 Apache Way,Westford,Massachusetts 01886USA (+1) 351-333-4748Email: [email protected] Our Website: https://www.skyquestt.com/
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Artificial Intelligence
Industrial Internet of Things (IIoT) Market is Expected to Surpass USD 191.6 Billion Valuation by 2031, Rise of Automation in Manufacturing to Boost Expansion| SkyQuest Technology
WESTFORD, Mass., July 4, 2024 /PRNewswire/ — According to SkyQuest, the global Industrial Internet of Things (IIoT) Market was valued at USD 102.48 Billion in 2022 and is expected to rise from USD 109.86 Billion in 2023 to reach a value of USD 191.6 Billion by 2031, at a CAGR of 7.2% during the forecast period (2024-2031).
The rapid adoption of smart manufacturing practices in multiple industries and growing demand for automation have set the tone for industrial internet of things (IIoT) market growth. IIoT devices and solutions are specifically designed to enhance industrial operations and promote operational efficiency and productivity as well. Advancements in IoT and IoT connectivity technologies are also slated to create new business scope for industrial internet of things (IIoT) companies in the future. The global industrial internet of things (IIoT) market is segmented into component, technology, connectivity technology, software, vertical, and region.
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Industrial Internet of Things (IIoT) Market Overview:
Report Coverage
Details
Market Revenue in 2023
$ 109.86 billion
Estimated Value by 2031
$ 191.6 billion
Growth Rate
Poised to grow at a CAGR of 7.2%
Forecast Period
2024–2031
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Component, Technology, Connectivity Technology, Software and Vertical
Geographies Covered
North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Report Highlights
Development of novel blockchain AI solutions that give benefits of both technologies involved
Key Market Opportunities
Adoption of Smart Initiatives
Key Market Drivers
Implementation of IPV6
Segments covered in Industrial Internet of Things (IIoT) Market are as follows:
ComponentHardware, Platform, Solution, and ServicesTechnologySensor, Radio Frequency Identification (RFID), Industrial Robotics, Distributed Control System and OtherConnectivity TechnologyWired Technology and Wireless TechnologySoftwareVisualization Software, SCADA, Distribution Management System, Farm Management Systems and OtherVerticalManufacturing, Energy, Oil & Gas, HealthCare, Retail, Transportation, Metal & Mining, AgricultureRequest Free Customization of this report:
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Hardware Components Slated to Bring in Most Revenue Owing to Development of IIoT Infrastructure
Industrial internet of things (IIoT) requires specialized connected devices made from dedicated sensors and controllers. Growing investments in the development of new IIoT infrastructure are projected to bolster the demand for hardware components and allow this segment to lead the market in terms of revenue generation. Advancements in connectivity technologies are also predicted to bolster the demand for novel IIoT hardware components across the forecast period and beyond.
Meanwhile, industrial internet of things (IIoT) companies can also invest in the development of novel platforms and services to strengthen their business potential. The need for IIoT platforms and services will only get stronger by the day as the adoption of IoT technology in industrial settings increases.
Manufacturing to Take the Crown for Industrial Internet of Things (IIoT) Sales Owing to the Rise of Smart Factories
The manufacturing industry vertical is estimated to take center stage when it comes to industrial internet of things (IIoT) adoption. High demand for better productivity and operational efficiency in manufacturing facilities is estimated to make this segment a highly lucrative one. From remote monitoring to predictive maintenance, all of these features can only be added to a manufacturing facility through the use of industrial internet of things (IIoT). Energy and oil & gas industry verticals are also forecasted to provide moneymaking opportunities for industrial internet of things (IIoT) companies in the future as digitization increases in them. Apart from these industry verticals, industrial internet of things (IIoT) providers can also explore retail, healthcare, agriculture, and transportation industry verticals to maximize their business scope and boost revenue generation going forward.
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Wireless Connectivity to Gain Prominence with the Advent of 5G Technology
Advancements in technology have created novel wireless technologies used for connected devices. The need for the elimination of wires is projected to drive the demand for wireless connectivity in industrial internet of things (IIoT) devices. 5G is the key wireless connectivity technology that is projected to help the wireless segment become the most rewarding for market players over the coming years.
Industrial internet of things providers will need to choose their strategies carefully if they want to succeed in this business. Industrial internet of things (IIoT) companies can get good returns on their investments if they target the manufacturing industry as the trend of automation catches up. Developing new IIoT hardware devices and components will also help industrial internet of things (IIoT) companies expand their business potential on a global level.
Related Reports:
Internet Of Things (IoT) Market
IoT Security Market
Narrowband-IoT (NB-IoT) Market
Consumer IoT Market
Internet of Things (IoT) in Smart Cities Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact:Mr. Jagraj SinghSkyQuest Technology1 Apache Way,Westford,Massachusetts 01886USA (+1) 351-333-4748Email: [email protected] Our Website: https://www.skyquestt.com/
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