advantages such as variable cost , dynamic scaling , and utility price . Also , cloud services enable the sharing of hardware infrastructure , thereby reducing the capital cost requirements .
By application integration services , the industry is classified as data integration , integrated security software , integrated social software , application integration , and unified communication .
The companies also provide consulting services including application lifecycle management ( ALM ), business process , and business transformation . The business process services are expected to show the highest CAGR owing to increasing importance of streamlining business processes for increased productivity of the organization .
By application , the system integration market is segmented into government , BFSI , consumer goods & retail , manufacturing , healthcare , telecommunication & IT , transportation & logistics and oil , gas & energy . BFSI and government segment acquired the highest market share in 2016 owing to a high-volume requirement from the various government institutions . Telecommunication & IT segment is expected to show the highest CAGR over the forecast period from 2017 to 2024 . The growth for this segment is attributed to its capabilities to address the crucial needs of business processes specifically in the banking sector to facilitate smooth operations .
North America is expected to be the largest revenue generator region owing to the high adoption of these services across the various verticals and availability of technologically advanced services . Asia Pacific region is expected to grow with the highest CAGR over the forecast period . Its growth is attributed to the developing countries including India andChina ,. The government support for increasing adoption of cloud-based solutions & services and organizations opting for digitization & modernization are driving the growth in the Asia Pacific region .
Some of the companies operating in system integration market include IBM Corporation , Infosys Limited , Fujitsu Limited , Cognizant Technology Solutions , Capgemini Group , Computer Sciences Corporation , TATA Consultancy Services Limited , Accenture PLC , Ericsson , Wipro Limited , etc . The companies focus on enhancing the customer experience by providing quality services and customer support .
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