Accenture (Ireland) and Cisco (US) are leading players in System Integration Services Market
MarketsandMarkets forecasts the global System Integration Services market size is expected to grow from USD 483.0 billion in 2023 to USD 665.6 billion by 2028 at a CAGR of 6.6% during the forecast period. The proliferation of cloud-based integration services and the rise in partnerships and acquisitions in the system integration space and companies are expected to drive the demand and growth of the system integration services market.
The market players have adopted various organic/inorganic strategies, such as partnerships, collaborations, acquisitions, agreements, and product launches & enhancements, to expand market presence in the system integration services market. New product launches, collaborations, and product enhancements have been the most adopted strategies by significant players in the last few years, which helped companies to innovate their offerings and widen their customer base.
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Accenture keeps its position by providing various products and services through targeted acquisitions and continuing to engage in research & development and training programs. Accenture is a Fortune 500 multi-professional company providing multiple IT and consulting services. Accenture offers services across growth platforms under Strategy, Digital, Technology, and Operations categories. These services include Business Process Outsourcing, IT and Cloud services, managed operations, and security. The company offers solutions and services to many industry verticals, such as aerospace & defense, chemicals, healthcare & life sciences, software & platform, automotive, communication & media, banking, consumer goods and services, retail, and public services. Accenture uses several trending technologies and caters to its clients through digital transformation to multiply growth, enhance competitiveness, maximize profitability, optimize cost structures, mitigate risk, improve security, reduce human efforts, and enhance performance, product, and culture design. It also regularly emerges in the technological ecosystem, enhancing and rebuilding existing methodology and R&D investments that Accenture experiments in its labs to cope with the latest disruptions and deliver the best services. The company has a strong presence in over 50 countries and has served clients from more than 120 countries. Accenture has a workforce of 721,000, with over 180 partners in its ecosystem and 8,300 patents worldwide.
Cisco manufactures and sells IP-based networking products related to IT and communications. To manage their communication requirements, Cisco offers software, equipment, and services to enterprises, public institutions, telecom companies, and other service providers. The company’s core business includes routing, switching, and associated services, including comprehensive security and mobility solutions. System integration businesses frequently use Cisco’s products and solutions to develop and improve intricate network infrastructures for their customers. Cisco’s products and solutions are essential in system integration because they enable networking and communication. Cisco incorporates technology into business systems in several key areas, including networking infrastructure, unified communications, data center solutions, security solutions, IoT connectivity, and cloud solutions. System integration services can provide their customers with solid, dependable, and secure IT infrastructures by collaborating with Cisco and utilizing their broad range of networking and communication solutions. Because of its ability to enable seamless integration with various other hardware and software components, Cisco’s technology stack is a preferred option for system integrators in multiple industries.
Related Reports:
System Integration Services Market by Service Type (Infrastructure Integration Services, Enterprise Application Integration Services, and Consulting Services), Vertical (BFSI, Government & Defense, and Healthcare) and Region - Global Forecast to 2028
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