DUBLIN, Nov 22, 2016 /PRNewswire/ -- Research and Markets has announced the addition of the "System Integration Market by Infrastructure Integration (Building Management System and Cloud Integration), Application Integration (Unified Communication), Consulting Service, Vertical (BFSI), and Region - Global Forecast to 2021" report to their offering.
The system integration market size is expected to grow from USD 269.62 Billion in 2016 to USD 387.85 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 7.5% during the forecast period. The major growth drivers of the market include the concern for automation & integrated approach in business process and advancements in cloud technologies & virtualization. The report provides detailed insights into the global system integration market, which is segmented by infrastructure integration service, application integration service, consulting service, vertical, and region. The cloud integration segment is observing great opportunities and importance among end users due to quick and easy deployment and self-provisioning, without the necessity of any coding on the part of the user. In terms of application integration services, integrated security software is expected to grow at the highest CAGR during the forecast period, due to increase in cyber-attacks and data theft attempts across the world. In terms of consulting services, business process integration is set to grow at the highest CAGR during the forecast period, due to increased focus and concern for integrated and robotics business approach. System integration services and solutions have been deployed across various industry verticals, including BFSI; consumer goods & retail; government; healthcare; manufacturing; oil, gas & energy; telecommunication and IT; transportation & logistics; and other verticals The manufacturing vertical is expected to witness the highest CAGR during the forecast period. However, the government vertical is estimated to have the largest market size in 2016.