Published Date: 20-Jan-2023
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According to a new report, published by KBV research, The Global System Integrator Market size is expected to reach $37 billion by 2028, rising at a market growth of 5.4% CAGR during the forecast period.
The Industrial Internet of Things (IIoT) segment is leading the Global System Integrator Market by Technology in 2021 thereby, achieving a market value of $8.9 billion by 2028. In order to increase production efficiency and spot potential issues in the future, power plant operators can collect real-time data and remotely monitor devices by implementing automation technologies like IIoT. It is feasible to operate solar cells and panels, reciprocating engines, and turbines efficiently. Power distribution systems provide autonomous problem-solving while increasing uptime, lowering costs, data gathering, and alarm and monitoring systems, and monitoring systems.
The Hardware Integration Service segment is showcasing a CAGR of 5% during (2022 - 2028). As manufacturing organizations learn more about the advantages of a strong IT infrastructure, the need for the integration of various hardware components like sensors, HMIs, PLCs, and industrial PCs is expected to grow. The entire operation of manufacturing plants may be hampered by inadequate IT networks and infrastructure.
The Oil & Gas, Mining & Metal segment acquired maximum revenue share in the Global System Integrator Market by Industry in 2021 thereby, achieving a market value of $8 billion by 2028. Operations involving oil and gas have particular needs. System integrators provide solutions that are tailored to the particular application needs, from straightforward remote SCADA applications for well monitoring to high availability and fault-tolerant solutions or even environmental reporting for regulatory compliance.
The North America market dominated the Global System Integrator Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $13.2 billion by 2028. The Europe market is exhibiting a CAGR of 5% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 6% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of ATS Automation Tooling Systems, Inc., Barry-Wehmiller Group, Inc., John Wood Group PLC, Avanceon limited, JR Automation (Hitachi, Ltd.), Tesco Controls, Inc. (United Flow Technologies), Burrow Global, LLC, Prime Controls, LP, Rockwell Automation, Inc. (MAVERICK Technologies, LLC), and INTECH Process Automation Inc.
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