System Integration Market – Growth Opportunities and Challenges 2024 System Integration Market-Fractovia | Page 2

• Apparently, the Australian government, in 2017, awarded a seven-year contract
to Accenture for transforming the nation’s 30-year-old payment system. Subject
to contract rules, the system integration market giant is likely to work with
Department of Human Services (DHS) of Australia and other regulatory
institutions to create an all-new online user interface for the centralized payment
system, which reportedly processes more than AUD 100 billion per year. Under
the Welfare Payment Infrastructure Transformation (WPIT) program of DHS,
Accenture would design a state-of-the-art technology platform and a new
payment utility solution to deliver payments at a faster pace.
• Under the Make in India initiative, the Indian Government has rolled out a
comprehensive national manufacturing policy which consists of a provision to
allot a 25% grant to Small and Middle-sized Enterprises (SMEs) for
compensating the expenditure incurred on audit. Moreover, the scheme aims
to provide part of reimbursement to SMEs in order to acquire advanced
technologies, subject to a maximum of USD 30,769. As a consequence of the
implementation of these schemes, the system integration market size in India
is likely to witness commendable expansion in the forthcoming years.
India system integration market size, by service, 2016 & 2024 (USD Billion)
Speaking of the competitive spectrum of system integration industry, the presence of
prominent IT giants including Accenture, Hewlett-Packard, IBM Corporation, HCL
Technologies Ltd, Oracle Corporation, CSC, Capgemini, Tech Mahindra has led to
numerous strategic collaborations. For instance, in late 2017, Tech Mahindra and
Toshiba Digital Solutions teamed up to leverage the prowess of system integration
capabilities and the latest IoT technologies of each other. The strategic partnership
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