PUBLISHER: Orion Market Research Pvt Ltd | PRODUCT CODE: 1159326
PUBLISHER: Orion Market Research Pvt Ltd | PRODUCT CODE: 1159326
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Global System Integrator Market Size, Share & Trends Analysis Report by Service Type (Consulting Service, Hardware Integration Service, and Software Integration Service), by Technology (Human-Machine Interface (HMI), Supervisory Control & Data Acquisition (SCADA), Manufacturing Execution System (MES), Functional Safety Systems, Machine Vision, Plant Asset Management, and Others), and by End-User (Oil & Gas, Automotive, Aerospace & Defense, Healthcare, Chemical & Petrochemical, Energy & Power, and Others) Forecast Period (2022-2028)
The global system integrator market is anticipated to grow at a substantial CAGR of 5.8% during the forecast period. The major factor that drives the global system integrator market includes the growing innovation in hardware devices through integration of wireless technologies. Automation hardware can communicate with other devices and controllers utilizing standardized communication protocols. Thus, its adoption is increasing for standardizing the process as well as separates manufacturing industries. For instance, in December 2021, SME collaborated with CESMII catering to drive Industry 4.0. Through this collaboration, both the companies aim to support manufacturers to align resources and workforce. Rise in hardware deployment is driving the parallel service market for system integrators.
The global system integrator market is segmented based on the service type, technology, and end-user. Based on the service type, the market is segmented into consulting service, hardware integration service, and software integration service. Based on the technology, the market is sub-segmented into the human-machine interface (HMI), supervisory control & data acquisition (SCADA), manufacturing execution system (MES), Functional safety systems, machine vision, plant asset management and others. The other segment includes industrial robotics, & distributed control system (DCS). Based on the end-user, the market is sub-segmented into the oil & gas, automotive, aerospace & defense, healthcare, energy & power, chemical & petrochemical, and others). The others segment includes electrical & electronics, and mining & metal. The plant asset management segment is expected to grow during the forecast period due to increasing demand for real-time data analytics from numerous industries as it assists in drawing conclusions immediately and making business-related decisions without delay.
Geographically the system integrator market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Among these regions, the Asia-Pacific region is expected to grow during the forecast period due to the increasing adoption of industrial automation technologies, mainly across China and India. According to the China Power Project, China's one of the industrial powerhouses aims to automate 4/5th of its workforce by 2022. Furthermore, large battery production facilities are being installed to meet the growing demand for electric and hybrid automobiles. Such demand for industrial automation is anticipated to drive the global system integrator market across the region.
The major companies serving the global system integrator market include Avid Solutions, ATS Automation Tooling Systems Inc., Avanceon, Barry-Wehmiller Group, Inc., Brock Solutions, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in March 2021, Avanceon Ltd. signed a contract to deploy a state-of-art up-gradation solution for one FMCG company. The up-gradation solution includes the deployment of a new SCADA and HMI system integrated with existing systems to decrease downtime, expand productivity, and achieve better process optimization of the plant floor.
Research Methodology
The market study of the global system integrator market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: