Published By : 11 Feb 2016 | Published By : QYRESEARCH
A system integrator combines multiple discrete systems by making use of a wide array of techniques, including computer networking, business process management, enterprise application integration, or even manual programming. Within the IT industry, the task of system integration involves linking different systems of computers along with software apps through functional or even physical means. Thus, it is a network of computing engines that work in a coordinated manner to represent a whole system.
High Investment Trends Noticed in Global System Integration Market
One of the greater trends being witnessed in the global system integration market is that of high investments being made in it. Companies and investors are increasingly looking towards this IT trend to boost the processes of implementing system integration. Testament to this trend is the CAGR shown by the global system integration market; a positive 13.5% between 2014 and 2020. The global system integration market is expected to reach US$377.59 bn by the end of 2020, owing to optimistic trends occurring in the industry. At the peak of these trends is the high rate of investment carried out in IT infrastructure. Other trends include the emergence of big data analytics and cloud computing. Although the industry does possess a few challenges such as high implementation costs and the lack of integration standards, the positives are outweighing the negatives as the global system integration market marches to progress.
Latest Acquisitions Strengthen Global System Integration Market
In the recent events within the IT landscape, the ones that have affected the global system integration market the most include the acquisition of a system integration software that belonged to JP Morgan. The software was bought by Markit, a financial data company. The system integration software will help the firm join multiple loan processing programs and essentially cut down on the overall time taken to finalize the sale of a syndicated loan. The software, which is called middleware in industry terms, joins OS and other apps and integrate them with the platform created by Markit for loan trade settlement, named Markit Clear.