Implementation advantages coupled with rising need to reassess data center infrastructure is anticipated to fuel the integrated systems market
Integrated systems market size was earlier USD 9.5 billion in the year 2014 and is expected to touch USD 30 billion in 2022 with a CAGR of 15% according to study done by Global Market Insights. Thriving business demand and accelerated challenges in IT sector is projected to upsurge the demand of this market. The dynamic nature of IT industry is full of advancements and innovations. Transformation from mainframe servers to internet computing has changed the way with which customers build, buy, use, and deliver technology. IT & telecommunication integrated systems market report touched USD 2 billion in the year 2014 and is estimated to cross USD 7 billion till 2022.
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Installation along with integration services reached USD 6 billion in the year 2014 and these figures reflect its demand in small, medium and also large-scale industries. It is predicted that increase in demand for change in data center will expedite its growth in coming years. It can also be stated here that increase in requirement for agility and proficiency in industries will also fuel up the market in future. Integrated systems market trends for infrastructure have reached 4.5 billion in 2014 and are estimated to exceed USD 15 billion in 2022, thus bringing decent return on investment for enterprises along with conversion of former data centers into capable, reliable and sustainable operations. These systems comprise of extra software and tailored systems for supporting development of application, storage, integration and testing. It is estimated to rise by 14.8% CGAR in the year 2015 to 2022.
Talking about some figures here, U.S. market is expected to go beyond USD 10.4 billion till 2022. Asia Pacific was noticed USD 2.5 billion in the year 2014 and is likely to maintain continuous rising graph till 2022. Indian market is expected to cross USD 1.6 billion till 2022. Transformation in data center in promising countries like India and China has contributed a lot towards regional growth.
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A significant growth in banking sector is also observed because of this new collaboration. It is projected to touch USD 8 billion in 2022 which was USD 2.8 billon in the year 2014. Moreover, retail industry has accounted 18% of overall share in the year 2014 and is likely to cross 5.8 billion till 2022.
Top industry players like Oracle Corporation, Hewlett-Packard, and IBM emphasize more on collaborations as it accelerates technology exchange, marketing, and development of product. These companies have acquired 50% market share in 2014. Other prominent companies include Accenture, Deloitte, Fujitsu, Cisco, Hitachi and Huawei.
Author Name : Dhananjay Punekar