System Integration Market to Witness 18.7% CAGR Surge, Aiming for US$ 2,236.6 Billion by 2034 | Fact.MR
Acceleration of Technology Adoption in Various Industries Opening Up New Avenues of Growth the System Integration Market
Rockville , Dec. 20, 2023 (GLOBE NEWSWIRE) — According to a new industry analysis by Fact.MR, a market research and competitive intelligence provider, the global System Integration Market is estimated to be worth US$ 401.8 billion in 2024. The market is projected to grow at an outstanding clip by 18.7% through 2034. The system integration market is projected to surpass a valuation of US$ 2,236.6 billion by 2034.
Companies in various industries have a growing drive to tie together their hardware and software components. System integration is the solution that is winning over end-users. Through system integration, various enterprises in industries as diverse as IT and oil are coalescing systems to provide for better efficiency.
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Key Segments of System Integration Industry Research Report
| By Service Type | By Enterprise Size | By Industry | By Region |
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The rapid development of technology is not only facilitating the adoption of system integration in systems but also seeing them get more efficient. Developments like 5G and cloud computing are seeing system integration reach new heights of effectiveness. Advancements in technology are also helping the solution, which otherwise has a reputation for being understandable only to experts, to become more accessible to use.
Governments all over the world are taking the help of system integration. Thus, public use of system integration is augmenting the demand from private institutions and further seeing the market accelerate. Governments are also collaborating with various market players to bring system integration to public institutions.
“Although enterprises on the larger scale make up a significant share of the demand for system integration, the scope of the market is not limited there. Small and medium enterprises are becoming conscious of the benefits of system integration, and there is less pushback regarding cost and the need for the solution. Thus, SMEs represent a significant opportunity for the market.” says a Fact.MR analyst.
Key Takeaways from the Market Study
- The global system integration market is projected to expand at a CAGR of 18.7% through 2034.
- The East Asia system integration market is expected to capture a CAGR of 19.8% through the period from 2024 to 2034.
- The system integration industry is expected to register a CAGR of 22.2% in Mexico over the forecast period.
- The system integration industry in South Korea is expected to rise at a CAGR of 20.7% through 2034.
- Based on service type, infrastructure system integration leads the market, with an expected market share of 63.1% in 2024.
Companies Aiming for Partnerships to Take Advantage of Opportunities in the Market
As advancements in hardware and software complement the demand for system integration, technological companies are turning out to be a natural ally to market players. Thus, collaborations with specialized companies are common. Some prominent companies in the market are IBM Corporation, Cisco Systems Inc., Cognizant, and Fujitsu Limited.
Some of the recent developments in the market are:
- In July 2023, a new plant was opened by TT Electronics in Mexicali, Mexico, with system integration as one of the plant’s functions.
- In March 2023, Samsun SDS Co. opened a new plant in Dongtan, South Korea, focused on developing Samsung’s AI capabilities.
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| Report Attribute | Details |
| Value Projection (2034) | USD 2,236.6 Billion |
| Growth Rate (2024-2034) | 18.7% CAGR |
| No. of pages | 170 Pages |
| No. of Tables | 24 Tables |
| No. of Figures | 120 Figures |
The Growing IT Sector and Defense Expenditure Propel Demand for System Integration in South Korea
In 2024, the estimated value of the system integration market in South Korea is US$ 24.5 billion. Projections indicate a remarkable Compound Annual Growth Rate (CAGR) of 20.7% for the forecast period, with the market’s value anticipated to reach US$ 160.5 billion by 2034.
To keep pace with technological advancements, IT companies in South Korea are enhancing their infrastructure through the incorporation of system integration. Major multinational corporations such as Samsung and LG are leveraging system integration to expand their capabilities in the South Korean market.
Additionally, the rising defense expenditure is a significant driver for the demand for system integration in the country. South Korea’s collaboration with nations like the United States of America on defense projects underscores the role of system integration in integrating partner technologies. As a result, South Korea emerges as a substantial opportunity for the system integration market.
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