September 13, 2021
According to the report titled ‘Europe System Integration Market Forecast 2027 By Service, By End-Use, Research Report, Regional Outlook, COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with Market Study Report, Europe system integration market is projected to be remunerated at USD 170 billion by the year 2027.
Adoption of advanced digital technologies like AI, IoT, machine learning, robotics, and others in the automotive sector and other industry verticals for efficient data management is propelling the growth of Europe system integration market. Citing an instance, industrial robots manufacturer KUKA AG signed a deal with BMW AG in April 2020 to supply around 5,000 robots for the latter’s new factories and manufacturing sites across the globe.
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For the unversed, system integration is referred to as the process of linking several sub systems to form a single complex network. It includes the physical and virtual components of an organization. It is mainly used by businesses in order to enhance efficiency and quality of factory operations.
Extensive digitalization backed by voluminous data traffic, in consort with amplifying manufacturing sector will augment the industry outlook. Notably, large manufacturing units have numerous small units operating in coordination, generating huge among of data on daily basis which can be complex & critical to manage. Hence, data integration systems are gaining traction for better data management.
Based on service, Europe system integration market is split into infrastructure integration (integrated communication, building management system, network integration, and cloud integration), application integration (data integration, integrated security software, integrated social software, and others), and consulting.
By end-use, the industry is bifurcated into BFSI, healthcare, energy & utility, manufacturing, IT & telecom, retail, and others. Among these, BFSI segment is likely to expand significantly during 2021-2027, owing to increase in contactless payments in the wake of the COVID-19 pandemic. Also, the BFSI industry is making huge investments on data center facilities owing to the affordability and agility offered by these solutions. This in turn is expected to boost the demand for network integration, cloud integration, and security integration systems.
Prominent players like Unisys Corporation, Oracle Corporation, International Business Machines Corporation, Huawei Technologies Co., Ltd., The Hewlett Packard Enterprise Company, HCL Technologies Ltd., Fujitsu Ltd., Deloitte Touche Tohmatsu Limited, Dell Technologies, Inc., Cisco Systems, Inc., Capgemini SE, AGC Networks Ltd., and Accenture plc are profiled in Europe system integration market report.