Citing an instance in February 2021, Fincantieri Marinette Marine awarded a contract to L3Harris Technologies for the production and shipboard integration of major subsystems onboard the guided-missile frigate FFG 62 of the U.S. Navy. While L3Harris is set to back the Navy’s plans for the development of at least 10 ships, the value of this endeavour is estimated to be more than $300 million, provided all design, production, and development options are awarded to the company. Such advancements are slated to boost the demand for various system integration services, driving the business landscape over the forthcoming years.As per the latest research by Global Market Insights, Inc., the global system integration market share is anticipated to surpass USD 575 billion by 2027.This rise is prominently attributed to an increase in the demand for application integration as it allows systems and applications that have been developed separately to function together, resulting in new capabilities that improve efficiency and workflow as well as bring about a reduction in the cost of operation. The deployment of system integration services help in bridging the gap between the existing on-premises systems and rapidly-evolving cloud-based enterprise applications. The MEA system integration industry is poised to depict lucrative growth through 2027 on account of the flourishing IT & telecom sector in the region. Several service providers are expanding their IT facilities owing to an upsurge in the demand for cloud computing. In addition, numerous telecom operators in the region are engaged in the construction of large-scale facilities for the purpose of enhancing the rate of data transmission. The infrastructure integration segment in the system integration market is anticipated to grow at a commendable CAGR through 2027. On this note, various system integration companies are focusing on the development of the provision of asset management solutions for IT infrastructure management.Key players in the system integration market comprise Huawei Technologies Co., Ltd., Dell Technologies, Inc., Hitachi Ltd., HCL Technologies Limited, Cisco Systems, Inc., Hewlett-Packard Enterprise Company, and others. These system integration companies are making investments in various research and development activities, influencing product development over the analysis period.Multiple benefits offered by integrated security software include obtaining alerts for unexpected changes to configurations, files, and settings, as well as monitoring of infrastructure comprising VMware, OpenStack, and Docker. System integration software also helps in the promotion of rapid assessment and identification of suspicious activity and policy violations.Furthermore, substantial demand from businesses looking for the incorporation of both physical and virtual security measures for the protection of residential and commercial equipment and infrastructure is poised to escalate system integration market share. Network security integration secures the facility from malware and other threats that could reach critical infrastructure via the network.In the years to come, an increase in the number of telecom subscribers utilising smartphones and other handheld devices at the global level is likely to stimulate system integration market growth.
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