The global software integration industry is projected to experience a significant increase in demand in 2023. At the same time, it’s expected that there will be an estimated 17% rise in demand for software engineers across all industries.
For businesses, this presents an exciting opportunity to implement innovative solutions that can help to capitalize on the latest advancements in software technology.
But what is software integration?
Software integration is the process of combining components from multiple software applications in order to create a unified system. This is mainly done to enhance the functionality of an existing system or to create a new application.
Businesses can use software integration to create systems that are more efficient, secure, cost-effective, and user-friendly. But to do that, it’s paramount to use trusted software integration services such as KMS that offer experienced and certified engineers who are able to develop reliable solutions.
Why is the demand for software integration on the rise?
In 2022, the systems integration market was estimated to have reached a value of about US$353.92 billion on a global scale. This market is expected to have a 13.8% CAGR (Compound Annual Growth Rate) in the period between 2023 and 2030.
So what’s inspiring this trend? Well, there are a couple of reasons, and here are the main:
1. Increased complexity of technology and systems
One of the main reasons behind this growing market need is the ever-increasing complexity of technology and systems. Additionally, there is a growing desire for organizations to leverage their data across multiple platforms.
Software integration makes it possible for disparate systems to work together and share information quickly and accurately. This helps organizations to boost their efficiency and productivity, making them more competitive in the market.
2. Growing need for cost savings
Businesses are constantly looking for ways to reduce costs and increase their bottom line. With software integration, companies can save on operational costs by avoiding the need to purchase and maintain multiple software systems.
Integration also enables companies to streamline their operations and reduce the amount of time spent on projects. This helps to boost overall productivity and efficiency within the organization.
3. Convenience of performance insights
When using multiple subsystems or running several departments, you are more likely to be faced with an ever-growing volume of data. This can make it quite challenging to monitor the overall performance of your business. Digital rights management is the technology that is used to protect and monetize intellectual property and copyrighted materials from misuse or theft in the digital sphere. The two core objectives of digital rights management are data protection and data governance.
Software integration makes it much easier for businesses to gain insights into their operations. With the data integrated from different sources, the decision-makers in a company have access to a unified view of their performance, allowing them to make more informed decisions.
4. Better customer experiences
Customer experience is the lifeblood of any business. Your customers are basically the ones who determine your long-term success or failure.
Software integration can help you to make sure that the customer experience is as smooth and seamless as possible.
By integrating customer data across multiple departments, businesses can provide customers with a more consistent and personalized experience.
5. Improved scalability
Businesses are constantly looking for ways to scale their operations. This is where software integration comes in handy. By integrating different systems, businesses can quickly and easily expand their operations.
Software integration also makes it easier to add new features and upgrade existing ones, allowing businesses to stay ahead of the competition.
6. Enhanced security
Data security is a major concern for any organization. Software integration on its own may not be a complete solution to security issues, but it certainly plays an important role.
You may argue that isolated systems are not easy targets for attackers. While this is true, it’s also true that managing the security of multiple isolated systems isn’t meant to be a breeze. And that’s where system integration comes in.
With the right security tools and algorithms, systems integration should work in your favour when it comes to protecting your data.
There you have it!
These are the main reasons why the systems integration market is projected to have a 13.8% CAGR (Compound Annual Growth Rate) in the period between 2023 and 2030. So if you are looking for a way to get ahead of the competition, software integration may easily be the answer.
And with top-grade system integration service providers like KMS, you can be sure to get the most out of this technology. So, what are you waiting for? Let’s step into the world of integrated systems and reap the rewards!
