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Integrated Systems Market Trends

Report ID: GMI177
Published Date: Aug 2024
Report Format: PDF

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Integrated Systems Market Trends

The integrated systems industry is witnessing robust growth, propelled by technological advancements and a rising demand for automation. Companies across various sectors are adopting integrated systems to streamline operations, enhance data accuracy, and improve overall efficiency. The advent of Industry 4.0 and smart manufacturing has accelerated system integration, enabling real-time data analysis and informed decision-making.

Additionally, advancements on the Internet of Things (IoT) and Artificial Intelligence (AI) are driving this trend, offering increasingly intelligent and adaptive solutions tailored to specific operational needs. For instance, in October 2023, IBM and KPMG LLP collaborated to support SAP S/4HANA implementations in the energy and utilities sector. Combining IBM Consulting’s expertise in SAP transformations and KPMG's business-led functional transformation, the partnership aims to optimize ERP processes.

A significant trend is the shift towards cloud-based integrated systems. Businesses are increasingly opting for cloud solutions due to their scalability, cost-effectiveness, and ease of access. Cloud-based systems enable seamless integration across geographically dispersed locations and facilitate remote monitoring and management. Furthermore, the focus on cybersecurity and data protection is driving the development of more secure integrated systems. As companies prioritize safeguarding sensitive information, these systems are evolving to incorporate advanced security features, ensuring data integrity and compliance with regulatory standards.

Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

The market size of integrated systems reached USD 425.5 billion in 2023 and will grow at 8% CAGR between 2024 and 2032, due to the rising demand for efficient and scalable IT infrastructure, increasing adoption of cloud computing, and the need for improved data management and analytics.

The integrated platform/workload systems segment will exceed USD 300 billion by 2032, driven by the growing need for comprehensive solutions to streamline IT operations and optimize resource utilization.

North America market registered 38% share in 2023, attributed to its advanced technological infrastructure and high adoption rates of innovative IT solutions.

Major companies operating in the industry are Accenture, IBM Corporation, Tata Consultancy Services Limited, Oracle Corporation, BAE Systems, and Wipro Limited, among others.