The global system integration market is projected to expand at a CAGR of almost 9%, and reach a market size worth more than US$ 1.2 trillion by 2030.
5G deployment is estimated to create noteworthy demand for operations and business support systems, consequently boosting the growth of the global system integration market. 5G technology is aimed at encompassing on-demand data services, intelligent systems and ultra-high-speeds. Transition towards 5G technology will demand considerable transformation of connectivity, user interfaces, operations, and infrastructure.
Therefore, commercialization of 5G technology is estimated to create a huge demand for well-structured operations and business support systems with improved analytical, orchestration, and automation capabilities.
This steady growth can be attributed to the high adoption of system integration systems among end users operating in IT and telecom, energy and utilities, manufacturing, and government and defense industry verticals.
System Integration Market Trends
Cloud Computing to Remain Cost-effective: Modernization of companies’ IT infrastructure is not completed with acquisition of new technologies. In a bid to boost modernization, market players must help customers shift specific workflows and use cases to cloud such as procurement, enterprise resource planning (ERP), payroll, and supply chain management solutions.
Cloud-based models are used as vital agent for business transformations, and are apparent deployment model of choice for modernizing existing IT infrastructure. Investments in cloud computing have risen moderately. They offer economies of scale while providing security to confidential data of companies in sync.
While yearly expenditure growth will remain steady in coming years, the global cloud computing market will hit a five-year (2017-2022) CAGR of 33.9% in public cloud services spending.
Growing Adoption of NGOSS: Conventional business support systems and operations face difficulties associated with security issues, long process cycles, and low data accuracy. Service providers in the system integration market are deploying New-Gen Operations Systems and Software (NGOSS) in an effort to address these challenges.
Telecom operators are strategically incorporating NGOSS in order to facilitate integration with innovative Internet Protocol (IP) based frameworks, potential use cases, and enhance customer service and support.
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