Integrated Systems Market Size, Share, Industry Report Up To 2020 : Report By Radiant
RadiantInsights.com has announced the addition of “Global Non Halogenated Flame Retardants Market Trends, Growth And Forecast Report Up To 2020 : Radiant Insights, Inc” Market Research Report to their Database.
San Francisco, United States – October 29, 2015 /MarketersMedia/ —
The Integrated Systems Market will be worth USD 24 billion by 2020, according to Radiant Insights, Inc. It was estimated at USD 3 billion in 2013. It would grow at a CAGR over 16% during the forecast period (2014 to 2020).
The global market is driven by IT technologies such as cloud, big data analytics, and automation. Integrated systems have driven the integration of multiple systems on a single platform, thereby making it easy for end-users. The server and database are designed to work together to reduce work load and labor costs. All these factors will spur the market in the near future.
The initial costs of installation seem to be the only obstacle in the integrated systems market. Integrated platform/integrated workload systems, and integrated infrastructure systems are the major market products. Integrated infrastructure systems earned the highest revenue in 2013 and were valued over USD 3 billion. This has been confirmed by market players such as VCE (Virtual Computing Environment) and Cisco.
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In terms of services, installation and integration held the largest share in the integrated systems market in 2013. This segment earned over USD 4.5 billion and expects to exceed USD 15 billion by 2020. Maintenance and support held the second-largest share in 2013. It will reach over USD 5 billion by 2020. However, this segment will face losses as the IT industry focuses on simpler solutions.
Banking Financial Services and Insurance was the largest end-user of the integrated systems market in 2013. It accounted for more than USD 2 billion and expects to exceed USD 7 billion by 2020. Retail is the fastest growing application and would lower the costs of store owners.
The North American market was the largest in 2013. It stood at more than USD 2.5 billion. The region is said to grow at a CAGR over 17% during the forecast period. Asia Pacific was the second largest market in 2013, and accounted for over 25% share.
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The key players currently investing in the integrated systems market include Oracle, IBM, Hewlett-Packard, Huawei, Hitachi, Cisco, and VCE. They are implementing various strategies to gain profits and remain at the forefront.
About Radiant Insights
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