|By PR Newswire||
|February 13, 2014 05:00 PM EST||
DUBLIN, February 13, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/rqrqzj/system) has announced the addition of the "System Integration Market - Worldwide Forecasts & Analysis to 2018" report to their offering.
It is forecast that the system integration market will grow from $191.36 billion in 2013 to $331.76 billion in 2018. This represents a Compound Annual Growth Rate (CAGR) of 11.6% from 2013 to 2018. Increase in the spending for system integration solutions by companies has resulted in better management of Information Technology (IT) infrastructure, data integrity, and reduced redundancies. It has eradicated the heterogeneity, multiplicity, and varying distinctiveness of key applications and infrastructures. System integration brings cost-effective and a solitary solution for IT infrastructure and application software available globally. It is expected that future outlook for growth in the market will continue to remain bright as businesses continue to search for open and distributed systems/architectures.
North America (NA) is expected to continue its leading regional market share, followed by the Asia Pacific (APAC) region. Strong investments made by the federal government on system integration, largely driven by the willingness to adopt innovative IT solutions within government departments, make the U.S. a major market. The APAC region is expected to be the fastest growing region. It is expected that verticals such as defense, aviation and marine systems, energy, oil and gas, and telecommunication and IT will occupy the leading market share in the overall market.
It is estimated that enterprises will invest in the market in a much encouraging rate in the coming years. Sectors such as aviation and marine systems, consumer goods and retail, defense, energy, oil and gas, healthcare, and manufacturing have shown positive growth outlook in this market. These sectors account for a major share in the overall system integration market. These developments are not only ensuring the overall growth, but are also showcasing newer client success cases that make the market move forward toward further implementations across other verticals.
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 System Integration: Market Size And Forecast, By Infrastructure Integration Services
5 System Integration: Market Size And Forecast, By Application Integration Services
6 System Integration: Market Size And Forecast, By Consulting Services
7 System Integration: Market Size And Forecast, By Verticals
8 System Integration: Market Size And Forecast, By Regions
9 System Integration: Market Landscape
10 Company Profiles
- Bae Systems
- Computer Sciences Corporation
- General Dynamics
- Harris Corporation
- Lockheed Martin Corporation
- Northrop Grumman Corporation
For more information visit http://www.researchandmarkets.com/research/rqrqzj/system
Media Contact: Laura Wood, +353-1-481-1716, [email protected]
SOURCE Research and Markets