Integrated Systems Market Trends, Statistics, Segments, Graphs Growth Factors Forecast to 2024

Market-Research

The global integrated systems market is projected to exhibit double-digit growth during the forecast period (2016-2024). This may be attributed to substantial demand for abridged deployments and lower number of standalone solutions. The shift from mainframe systems to internet computing has altered the way consumers buy, build and deliver technology.

Integrated systems are easily managed through a single console leading to lesser operational expenditure. They simplify processes, reduce costs, and are highly flexible. These advantages along with the escalating need to reexamine data center infrastructure are fueling market growth

Integrated systems are made from data centers which are melded into pre-engineered tested systems to function as a whole. Improvement in profitability, lower risk and reduction in total cost of ownership has led to the emergence of integrated systems. IT organizations are focusing on the adoption of integrated systems owing to support on-demand IT infrastructure which is expected accelerate the market growth over the forecast period. Furthermore, the companies are concentrating on increasing operational efficiency and IT staff productivity which is expected to boost the market growth even further. Furthermore, the benefits of integrated systems help meet a demand of end-users and tap different consumer opportunities effectively. Other benefits associated with integrated systems are they provide high flexibility, simplified management and cost saving.

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Key Players:
Leading players in the worldwide integrated systems market encompass Cisco Systems Inc., Hewlett & Packard (HP) Company, Oracle Corporation, IBM Inc., and Fujitsu Inc. Many companies ally with those offering cloud-based storage and virtualization solutions for expanding their converged infrastructure installation.

However, high deployment costs are a major challenge to widespread adoption of such systems in the coming years.The integrated systems market is segmented on the basis of services, end-users, products, and regions.

Services are divided into consulting, maintenance & support, and integration & installation. Integration & installation are likely to grow at a lucrative pace till 2024. This owes to huge demand from several small, medium and large enterprises. End-users comprise defense & energy, manufacturing, healthcare, retail, educational institutes, information technology & telecommunication systems, and BFSI (Banking, Financial Services, & Insurance).

Retail and manufacturing are estimated to experience robust growth in the eight years ahead. The retail sector benefits from in-store supervision of complete systems, which reduces store system downtime. Such proactive management lowers ownership costs. Revenues from BFSI could exceed USD 8.5 billion by 2024. Information technology & telecommunication systems are also foreseen to garner high revenues in forthcoming years.

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