System Integration Market – Growth Opportunities and Challenges 2024 System Integration Market-Fractovia

Global System Integration Market to grow
at 6% CAGR from 2017 to 2024:
Fractovia.org
Bearing in mind the aforementioned instances, it is rather imperative that the global
system integration industry share is bound to proliferate at an exceptional pace owing
to the burgeoning product demand from government and utilities sectors. In addition
to this, numerous government initiatives have been allotting massive funds to upgrade
and integrate existing systems – a factor that would consequentially benefit the system
integration market over the ensuing years.
Regarded as one of the most rapidly progressing niche verticals of smart and
sustainable technology industry, system integration market has garnered a rather
commendable acclaim over the past few years. The emergence of high-grade
technological solutions such as IoT and big data has come on the heels of the overall
growth potential of the global system integration industry. Moreover, the rising
necessity to assimilate existing systems with the latest technologies to create a
seamless coordinated system has further favored the growth of this business sphere.
In fact, as per a research report collated by Global Market Insights, Inc., the overall
system integration market share surpassed a total of USD 250 billion in the year 2016.
Government and utilities sector to create extensive business opportunities for
system integration market participants
Elaborating further, it has been observed that the demand for system integration
services across government and utilities sector has seen a meteoric rise in the recent
times. In order to deploy non-conventional and sustainable power grids, various
government agencies in emerging economies have been adopting advanced system
integration services. Apparently, among these services the major ones include security
management systems, data integration, building management systems. Below are a
few major instances of how national governments across the globe are increasingly
leveraging the benefits of system integration services:
1 | Page