PUBLISHER: Polaris Market Research | PRODUCT CODE: 1463121
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1463121
The global system integrator market size is expected to reach USD 44.27 billion by 2032, according to a new study by Polaris Market Research. The report "System Integrator Market Share, Size, Trends, Industry Analysis Report, By Technology (HMI, MES, Functional Safety, SCADA, Industrial Robotics, IIoT, Machine Vision, Industrial PC); By Service Outlook; By Industry; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growing utilization of industrial automation technologies, especially in developed nations, has contributed to the growth of the system integration sector. The rising popularity of electric and hybrid vehicles has led to the expansion of battery manufacturing plants. Consequently, the anticipated increase in demand for industrial automation is expected to drive further growth in the system integration market.
Power plant operators can gather real-time data and remotely monitor equipment to increase production efficiency and identify potential issues by implementing automation technologies like IIoT. It is feasible to operate solar cells and panels, reciprocating engines, and turbines effectively. Power distribution systems facilitate autonomous problem solving, increase uptime, reduce costs, enhance data collecting, and enhance alarm and monitoring systems.
The manufacturing sector is currently undergoing a profound transformation fueled by the integration of cloud technology into its operations. This shift represents a pivotal moment for manufacturers, offering them a myriad of benefits that can significantly impact their business strategies and bottom lines. Cloud technology provides several benefits to the manufacturing industry, one of which is increased flexibility. Companies can easily scale their operations to meet demand changes, allowing them to respond quickly to market fluctuations. Moreover, cloud-based systems facilitate seamless communication and information sharing among team members, regardless of their locations, which enables better collaboration.
Moreover, the adoption of cloud technology can lead to substantial cost efficiencies for manufacturing companies. By moving their operations to the cloud, manufacturers can reduce the need for costly hardware investments and maintenance while also benefiting from pay-as-you-go pricing models. Additionally, cloud technology offers enhanced data security, ensuring that critical information is protected from cyber threats and breaches. Furthermore, the cloud presents an opportunity for manufacturers to drive innovation, as it provides a platform for the development of new products and services that can meet evolving customer demands.
The HMI segment dominated the market in 2023, driven by its service as a crucial bridge between machinery and human operators. It utilizes a combination of software and components from a dedicated Manufacturing Execution System (MES).
The hardware integration services segment led the market in 2023 and is expected to maintain its vital role in system integration projects, seamlessly bringing together a variety of hardware components such as servers, storage devices, sensors, and control systems.
North America holds a significant revenue share in the global System Integrator market, driven by the increasing adoption of IoT in industrial automation and the widespread embrace of cloud-based services by major enterprises.
The global key market players include John Wood Group PLC, ATS Corporation, JR Automation, Tesco Controls, Avanceon, Burrow Global LLC, Prime Controls LP, Maverick Technologies LLC, BW Design Group and Intech.
Polaris Market Research has segmented the System Integrator market report based on technology, service outlook, industry, and region: