The global market for system integration is booming with the convergence of cloud, mobile, and Internet of Things (IoT) technologies. According to a study by Grand View Research Inc., the global system integration market is expected to reach $393.10 billion by 2020.
Connecting and automating data and processes are designed to increase efficiency and innovation, which are needed to improve competitiveness. System integration and workflow automation can eliminate unnecessary work and put the precise information needed in front of the user for added efficiency. This is not only true for large enterprises but also for small- and medium-sized businesses.
When companies choose new information technology (IT) systems, typically integration with their other systems is one of the first requirements. Many times this needs to be implemented immediately, especially if a customer is replacing an existing system. Integration platforms can also be used to migrate from one system to another. This can be particularly helpful in keeping business processes running smoothly between systems in a phased migration.
As systems become more complex and continue to expand, it becomes increasingly expensive to staff a wide range of IT experts. Companies looking to hire in-house need to add network administrators, specialists, hardware experts, and software programmers, among others. It doesn’t take long for it to become a very large—and expensive—department. For some companies, hiring a third-party contractor could be the only viable option.
Click here to read more*Glenn Johnson is a senior vice president at Magic Software Americas.