PUBLISHER: Grand View Research | PRODUCT CODE: 1376076
PUBLISHER: Grand View Research | PRODUCT CODE: 1376076
The global integrated systems market size is anticipated to reach USD 101.86 billion by 2030, as per a new report by Grand View Research, Inc.. The market is projected to grow at a CAGR of 18.4% from 2023 to 2030. Accelerated business demands and intricate nature of IT challenges is anticipated to drive the global integrated systems market demand over the forecast period. The IT industry is highly dynamic in nature and characterized by technological advancements and innovation. Every few years the industry experiences tectonic shifts that re-shape IT. Shift in trend from mainframes to client/server to internet computing has altered the way end-users build, purchase, consume, and deliver technology.
In recent times, the integrated systems market has witnessed significant shift, which may be attributed to emergence of mobility, big data, social networking and cloud computing. Smartphone proliferation has also impacted the IT industry, with the advent of the BYOD phenomenon, and provides several market growth opportunities. However, factors such as high deployment cost may pose a challenge to market growth. Besides perceived complexity with regards to installation of converged infrastructure solutions, they are viewed as an expensive but necessary spending.