North America System Integration and Design Market is Expected to Reach $129.78 billion in 2018 - New Report by MicroMarket Monitor
(PR Web Via Acquire Media NewsEdge) (PRWEB) July 26, 2014
The rise in complication of communications applications and network infrastructure has made companies choose cost-effective and distributed Information Technology (IT) applications. Thus, this has led to a rise in the demand for System Integration, making the system integration market worth $191.36 billion in 2013, expected to grow to $331.76 billion by 2018. The market is expected to grow at a CAGR of 11.60% from 2013 to 2018.
Companies like Northrop Grumman, Lockheed Martin, General Dynamics Information Technology, Harris Corporation, L-3 Communications, and many others provide cost-effectiveness and unique solutions for IT infrastructure and application software.
The system integration market in North America was worth $87.57 billion in 2013 and is expected to be $129.78 billion by 2018, due to tremendous increase in government spending in this market. The calculated CAGR for the period 2013-2018 is 8.2%. The market in this region is growing because of advancement in cloud technologies and investment in innovative IT infrastructure. Companies like Northrop Grumman, Lockheed Martin, General Dynamics Information Technology, Harris Corporation, L-3 Communications, and many others provide open standard integration tools with various data sources.
Browse through the market data tables, figures and detailed ToC on the "North America System Integration and Design Market".
Europe System Integration and Design Market
The system integration market in Europe is leveraging because of huge spending by European enterprises. This market was worth $41.14 billion in 2013 and is expected to grow up to $73.02 billion by 2018, at a CAGR of 12.2% from 2013 to 2018. Companies such as Harris Corporation, Honeywell International, IBM, BAE Systems, Accenture, and many others are driving the system integration market in this region.
Asia Pacific and Japan (APAC) System Integration and Design Market
Recently, there has been a huge rise in demand for system integration solutions from end users. Thus, this demand is driving the growth of the system integration market in the Asia-Pacific region, and made it worth $44.26 billion in 2013. The market is expected to be worth $94.70 billion by 2018, growing at a CAGR of 16.50% from 2013 to 2018. Companies such as IBM, SAP, Accenture, Rockwell Automation, MDS UAE, and many others are providing cost-effective system integration solutions in the Asia-Pacific region.
Latin America System Integration and Design Market
Latin American countries like Brazil are spending more in the system integration market, as system integration creates more opportunities for global cloud service providers as well as local technology firms. Due to increase in demand for system integration, companies like Northrop Grumman, Lockheed Martin, General Dynamics Information Technology, Harris Corporation, L-3 Communications, and many others are investing hugely in this region. It is expected that the system integration market in Latin America will continue to grow at a CAGR of 13.6%. It will grow from $10.4 billion in 2013 to $19.83 billion in 2018.
Middle East and Africa System Integration and Design Market
The system integration market in Middle East and Africa has crossed revenue of $7.93 billion in 2013 and is expected to reach $14.33 billion by 2018, at a calculated CAGR of 12.60% for the period 2013-2018. One of the major factors for this growth is the government spending in this market. Companies like IBM, SAP, Oracle, Accenture, MDS UAE and many others are major vendors of system integration solutions in this market.
About MicroMarket Monitor:
MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.
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