London, 31 December 2014: TechNavio, the independent tech-focused global research firm, has published a report on the System Integration Services Market in North America 2015-2019, which is expected to post a CAGR of 8.27 percent during the forecast period of 2014-2019.
Currently, local firms are aiming to expand their businesses globally, and global firms are expanding their service and product portfolios to penetrate deeper in the market. The majority of SMEs in North America are demanding system integration services to reduce their overall operational costs.
“The scope for service-oriented architecture capabilities is expected to experience rapid growth during the forecast period because of the emergence of cloud computing and increased usage of smartphones for transactions and payments,” says Faisal Ghaus, Vice President of TechNavio.
“Further application of SOA is needed to develop cloud computing, and improved infrastructure is required in data centers to interconnect applications using middleware, and this is expected to fuel demand for system integration services in North America.”
Key Market Drivers
- High Demand for Cloud Computing
- Increased Adoption of Integrated IT Infrastructure
- Requirement for Continuous IT Investment
Key Market Trends
- Increased Government Investment in IT
- Increased Scope for SOA
- Demand for Specialist System Integrators
Key Market Vendors
- General Dynamics Information Technology
- Harris Corp.
- IBM Corp.
- L-3 Communications Holdings Inc.
- Lockheed Martin Corp.
- Northrop Grumman
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
