Global Integrated Systems Market
Information Technology

What Are The 5 Takeaways From The Integrated Systems Market Overview 2024

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Integrated Systems Global Market Report 2024 offers crucial insights into the integrated systems market help businesses analyse and build stronger strategies.

The integrated systems market has seen rapid expansion in recent years and is poised for continued growth. Let’s dive into the factors driving this trend and what the future holds.

Current Market Growth

  • Market Size: The integrated systems market grew from $25.24 billion in 2023 to $29.3 billion in 2024, reflecting a compound annual growth rate (CAGR) of 16.1%.
  • Key Drivers:
    • Digital Transformation: Organizations are increasingly adopting digital technologies to enhance operations.
    • Cloud-Specific Spending: More investments are being made in cloud infrastructure.
    • Broadband Infrastructure: Expansion of broadband networks supports integrated system deployments.
    • Productivity Gains: Integrated systems improve efficiency and reduce IT management costs.

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Future Market Projections

  • Forecasted Growth: The market is expected to reach $53.66 billion by 2028, growing at a CAGR of 16.3%.
  • Growth Factors:
    • System Integration Services: Rising demand for seamless integration of various IT systems.
    • Software-Defined Vehicles: Development in automotive technology drives market growth.
    • Distributed IT Solutions: Increased need for robust IT solutions spread across multiple locations.
    • Cloud Computing: Continues to play a critical role.
    • Automation Technologies: Growing adoption to improve efficiency and reduce costs.
  • Trends:
    • Technological Advancements: Continuous innovation in integrated systems.
    • Hyper-Converged Infrastructure: Combining storage, computing, and networking into a single system.
    • Software-Defined Solutions: Increased use of software to control hardware.
    • Product Innovations: Companies are constantly enhancing their offerings.

Cloud Computing Driving Growth

  • Definition: Cloud computing delivers services such as servers, storage, databases, networking, and software over the internet.
  • Benefits: Scalability, cost-effectiveness, and flexibility for data and applications.
  • Impact on Integrated Systems: Enhances scalability, reliability, and efficiency.
  • Example: AAG IT Services Ltd. reported that cloud infrastructure service revenues reached $191 billion between 2021 and 2022, with AWS holding a 33% market share in Q1 2022.

Major Players in the Integrated Systems Market

  • Key Companies:
    • Inc.
    • Samsung Electronics Co., Ltd.
    • Microsoft Corporation
    • Verizon Communications Inc.
    • Tata Consultancy Services Limited
    • Johnson Controls International PLC
    • NEC Corporation
    • Capgemini SE
    • Cognizant Technology Solutions Corp.
    • ZTE Corporation
    • Infosys Limited
    • Telstra Corporation Ltd.

Advancements in Room Visualization and Integration Solutions

  • Focus: Enhancing operational efficiency and patient care delivery.
  • Features:
    • Room Visualization: Enables better workflow management.
    • Hardware and Software Integration: Allows for seamless addition of modules.
    • Examples:
      • Olympus Corporation: Launched EasySuite ES-IP system in July 2023 for procedure room integration.
      • Benefits: Includes AVoIP solutions, 4K video routing, and interoperability between medical devices.

NEC Corporation’s Strategic Acquisition

  • Acquisition: NEC Corporation acquired Aspire Technology in July 2022.
  • Purpose: Strengthening NEC’s capability to deliver Open RAN ecosystems and integrated solutions globally.
  • Significance: Supports global adoption of Open RAN 5G, enhancing system design and integration for operators.

Market Segmentation

  • By Product: Integrated Platform or Workload Systems, Integrated Infrastructure Systems.
  • By Service: Integration and Installation, Consulting, Maintenance and Support.
  • By End-User: Banking, Financial Services and Insurance (BFSI), IT and Telecom, Retail, Manufacturing, Healthcare, Other End Users.

Regional Insights

  • North America: The largest market in 2023.
  • Asia-Pacific: Expected to be the fastest-growing region during the forecast period.

The integrated systems market is on a trajectory of significant growth driven by technological advancements, increasing demand for cloud computing, and innovations in automation. As companies continue to invest in integrated solutions, this market will likely see sustained expansion and evolution.Top of FormBottom of Form

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The Integrated Systems Global Market Report 2024  provides a comprehensive outlook of the integrated systems market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The integrated systems market forecast offers a thorough analysis on integrated systems market size, integrated systems market share, prominent players and their strategies.

The Table Of Content For The Integrated Systems Market Include:

1. Integrated Systems Market Executive Summary
2. Integrated Systems Market Segments
3. Integrated Systems Market Size And Integrated Systems Market Growth Rate
4. Key Integrated Systems Market Trends
5. Major Integrated Systems Market Drivers
25. Key Mergers And Acquisitions In The Integrated Systems Market
26. Top Integrated Systems Companies
27. Integrated Systems Market Opportunities And Strategies
28. Integrated Systems Market, Conclusions And Recommendations
29. Appendix

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