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Indonesia System Integration Market to Grow by USD 655 Million (2024-2028) Driven by IoT Data Surge, AI-Powered Market Insights – Technavio

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NEW YORK, Sept. 3, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The global system integration market in Indonesia size is estimated to grow by USD 655 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 7.12% during the forecast period. Exponential increase in data generation owing to rising use of iot devices is driving market growth, with a trend towards emergence of industry 4.0 and digitalization in various industries. However, need for substantial investments in implementing and maintaining system integration poses a challenge. Key market players include Adventus Pte Ltd., Alita.id, Brightcove Inc., GITS Indonesia, HCL Technologies Ltd., Kemana, Kitameraki, Mitrais, Nocola IoT Solution, NTT DATA Corp., PACKET SYSTEMS, PT Autojaya Idetech and PT Solusi Periferal, PT Hager Electro Indonesia, PT Sysnesia Teknologi Semesta, PT XVAutomation Indonesia, PT. Delta Solusi Nusantara, PT. IIJ Solutions Indonesia, PT. Infosys Solusi Terpadu, PT. MAGNA SOLUSI Indonesia, PT. Network Data Sistem, and Zettagrid.

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

Segment Covered

Service Type (Infrastructure integration services, System integration consulting services, and ALM and application integration services), End-user (BFSI, Government, Telecom, Retail, and Others), Customer Type (Large Enterprises and Small and Medium Enterprises), and Geography (APAC)

Region Covered

Indonesia

Key companies profiled

Adventus Pte Ltd., Alita.id, Brightcove Inc., GITS Indonesia, HCL Technologies Ltd., Kemana, Kitameraki, Mitrais, Nocola IoT Solution, NTT DATA Corp., PACKET SYSTEMS, PT Autojaya Idetech and PT Solusi Periferal, PT Hager Electro Indonesia, PT Sysnesia Teknologi Semesta, PT XVAutomation Indonesia, PT. Delta Solusi Nusantara, PT. IIJ Global Solutions Indonesia, PT. Infosys Solusi Terpadu, PT. MAGNA SOLUSI Indonesia, PT. Network Data Sistem, and Zettagrid

Key Market Trends Fueling Growth

The System Integration market in Indonesia is growing steadily. Companies are integrating various systems to streamline operations and enhance efficiency. This includes the integration of enterprise resource planning (ERP) systems, customer relationship management (CRM) systems, and supply chain management (SCM) systems. The use of standardized protocols and open interfaces facilitates seamless integration. Indonesian businesses are reaping the benefits of improved data flow and operational synergy. Integration also enables better decision-making and real-time insights, giving companies a competitive edge. 

The System Integration Market in Indonesia is witnessing significant growth in various sectors including Aviation, Oil and Gas, Banking, Healthcare, and Cross-border investments. System integrators are in high demand for implementing Digital Infrastructure Solutions, Network Infrastructure, and Industrial Automation using IoT devices and Analytics platforms. MDS System Integration and Smpl ID are leading players in this market. Certifications, Security, and Cybersecurity measures are crucial for successful System Integration. Communication channels, Encryption protocols, Access controls, Interfaces, and Communication methods are essential components for seamless integration. Cloud technology, Hardware integration, Servers, Storage devices, and Control systems are key IT infrastructure elements. Digital transformations are driving the adoption of Cloud-based services, IoT technologies, and Data exchange. However, cyberattacks and Third-party integrations pose challenges. Generative AI, Intelligent devices, and Sensors are trending technologies. System Integrators must ensure compliance with Industrial standards and offer reliable, efficient, and secure solutions. 

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Market Challenges

The System Integration market in Indonesia is growing steadily, with businesses recognizing the benefits of integrating various technology systems. This includes improving operational efficiency, enhancing data sharing, and facilitating better communication between departments. Major industries such as finance, healthcare, and manufacturing are investing in system integration solutions to streamline their operations and gain a competitive edge. Local system integrators and global technology companies are capitalizing on this trend, offering a range of services and solutions to meet the demands of the market.The System Integration Market in Indonesia is experiencing significant growth due to digital transformations and increasing adoption of IT infrastructure. Businesses are integrating various hardware, software, and network resources to enhance operations. However, challenges persist, including cyberattacks, data exchange between systems, and third-party integrations. Cloud-based services, IoT technologies, and AI are driving innovation, but integrating intelligent devices, sensors, and endpoints requires a gateway. Legacy infrastructure and systems pose challenges for on-premises solutions and cloud-based applications. Neo-banking services and fintech startups are integrating APIs for banking-as-a-service (BaaS), core banking, multi-channel banking, and payment systems. The startup ecosystem is leveraging cloud technologies and internet penetration for digital transformation. Network integration services are essential for 5G mobile networks, SD-WAN, fiber, and IoT. Enterprise complexity and information technology require skilled IT professionals to ensure defense and security. Industries like marine systems and telecommunication also face integration challenges.

For more insights on driver and challenges – Download a Sample Report

Segment Overview

This system integration market in Indonesia report extensively covers market segmentation by

Service Type1.1 Infrastructure integration services1.2 System integration consulting services1.3 ALM and application integration servicesEnd-user2.1 BFSI2.2 Government2.3 Telecom2.4 Retail2.5 OthersCustomer Type3.1 Large Enterprises3.2 Small and Medium EnterprisesGeography4.1 APAC

1.1 Infrastructure integration services- Infrastructure integration services in Indonesia focus on connecting various hardware, software, networks, and systems to create an efficient business infrastructure. The digital transformation trend is driving the growth of infrastructure integration services, as companies adopt new technologies like cloud computing, big data analytics, IoT, and artificial intelligence. These services enable seamless integration of new technologies with existing systems, ensuring compatibility, scalability, and performance optimization. Additionally, cybersecurity concerns are a significant factor, as infrastructure integration services incorporate security protocols, firewalls, encryption, and authentication mechanisms to protect sensitive information and ensure regulatory compliance. The complexity of IT environments and the need for efficient data management are also contributing factors, as infrastructure integration services help consolidate data management processes, optimize storage capabilities, and implement data governance frameworks. The trend toward hybrid IT environments is further driving demand, as companies integrate on-premises systems with cloud platforms for flexibility, scalability, and cost-effectiveness. Infrastructure integration services are essential for businesses in Indonesia to achieve operational efficiency, data connectivity, application portability, and resource optimization across their IT infrastructure.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data ( – ) – Download a Sample Report

Research Analysis

The System Integration Market in Indonesia is experiencing significant growth due to the increasing adoption of IT infrastructure in various industries. System integration plays a crucial role in connecting hardware, software, and network resources to facilitate digital transformations. Cloud-based services, IoT technologies, and data exchange are key drivers of this market, with the internet acting as the backbone for communication and information exchange. However, the increasing complexity of enterprise systems and the threat of cyberattacks pose challenges. Defense, marine systems, telecommunication, aviation, oil and gas, banking, healthcare, and other sectors are investing in system integration to optimize operations and enhance security. IoT devices, analytics platforms, and visualization tools are essential components of system integration solutions. System integrators provide expertise in implementing security measures such as encryption protocols, access controls, interfaces, and communication channels to safeguard data and ensure seamless information flow.

Market Research Overview

The System Integration Market in Indonesia is witnessing significant growth due to the increasing adoption of IT infrastructure, System integration being a crucial part of digital transformations. Hardware, software, and network resources are key elements in system integration. Cloud-based services, IoT technologies, and digital infrastructure solutions are driving the market forward. Data exchange between various systems and devices, including smartphones, sensors, endpoints, and gateways, is facilitated by system integrators. The market is also impacted by cyberattacks, requiring robust cybersecurity measures such as encryption protocols, access controls, and communication methods. Third-party integrations, AI, and intelligent devices are also transforming the market. Industries like telecommunication, banking, healthcare, oil and gas, and defense are major consumers of system integration services. The Indonesian startup ecosystem is flourishing, with fintech startups and neo-banking services integrating with core banking systems for multi-channel banking and payment systems. Cloud technologies and internet penetration are fueling digital transformation, with 5G mobile networks, SD-WAN, fiber, and IoT playing a significant role. Enterprise complexity and information technology continue to drive the demand for system integration services.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Service TypeInfrastructure Integration ServicesSystem Integration Consulting ServicesALM And Application Integration ServicesEnd-userBFSIGovernmentTelecomRetailOthersCustomer TypeLarge EnterprisesSmall And Medium EnterprisesGeographyAPAC

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Tulufan, Xinjiang: For the first time, a new energy plant and station has achieved “all-green electricity” operation

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TULUFAN, China, Sept. 20, 2024 /PRNewswire/ — On September 19, employees of State Grid Tulufan Electric Power Supply Company came to State Power Investment Zhongli Tenghui Qiquanhu Photovoltaic Power Station to provide comprehensive technical support and guidance for new energy enterprises.

Seven wind power and photovoltaic power generation enterprises, including Xinjiang Jize Power Generation Company in Tulufan, have obtained 6.035 million KWH of grid electricity by purchasing 6,035 “green certificates” to achieve “green electricity – green electricity” and achieve green energy use in the whole link of new energy power generation.

The green power certificate, referred to as “green certificate”, is the only certificate that identifies the production and consumption of renewable energy power. Promoting the all-green operation of new energy power generation is an important measure to promote the green consumption of renewable energy.

“Before, we were just ‘producers’ of green electricity. Now the buyers of green certificates have become green electricity consumers, and the production process is fully green.” Qiquan Lake photovoltaic power station inspection officer Forzati Dilishati said.

Since the launch of the green electricity and green certificate market, State Grid Tulufan Electric Power Supply Company has actively promoted green electricity trading, promoted the supply of green electricity and green certificates in multiple scenarios, promoted the rapid promotion and popularization of related services in Tulufan, and helped build a new power system.

In the first eight months of this year, the cumulative volume of green electricity transactions in Xinjiang reached 1.174 billion KWH, 93.83 times that of the whole year of 2022.

 

View original content:https://www.prnewswire.com/apac/news-releases/tulufan-xinjiang-for-the-first-time-a-new-energy-plant-and-station-has-achieved-all-green-electricity-operation-302253902.html

SOURCE State Grid Tulufan Electric Power Supply Company

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KuCoin’s Alicia Kao Shares Insights on How AI is Accelerating Mass Crypto Adoption at TOKEN2049 Singapore

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VICTORIA, Seychelles, Sept. 20, 2024 /PRNewswire/ — Alicia Kao, Managing Director at leading global cryptocurrency exchange, KuCoin, shared her vision on how crypto exchanges are the drivers that hold the keys to unlocking mainstream crypto adoption. Speaking at the OKX Main Stage at TOKEN2049 in Singapore on a panel session titled “Exchanges at the Helm: Driving Crypto from Niche to Mainstream,” Alicia shared that “accessing information about blockchain has become significantly easier…at KuCoin, we leverage complex data analysis algorithms using our trading bots to help users trade more efficiently.”

Industry stakeholders from all groups were in attendance for the panel, comprising investors, crypto enthusiasts, and more. The focus was on the crucial role of cryptocurrency exchanges in paving the way for crypto adoption and the eventual integration of digital assets into mainstream financial systems. Alicia and her fellow panelists explored both the challenges and opportunities that lay ahead for the crypto industry.

Alongside Alicia, the panel also featured leaders from leading crypto exchanges such as Ben Zhou, Co-Founder and CEO of Bybit; Gracy Chen, CEO of Bitget; Vivien Lin, Chief Product Officer of BingX; and Sonia Shaw, President of CoinW, and moderated by Michael Casey, Chairman of the Decentralized AI Society.

In addition to the panel discussion, KuCoin cemented its position as a leading centralised exchange (CEX) with a prominent presence on the show floor and activations that showcased the platform’s latest developments. The KuCoin Arcade also drew significant attention, offering an engaging and immersive experience with interactive crypto-themed games and activities.

“As we wrap up another edition of TOKEN2049 in Singapore, I’m once again filled with optimism for the future of the crypto industry. The energy, innovation, and collaboration displayed over the past two days have been immensely inspiring. At KuCoin, we will continue striving to be the driving force in this ever evolving space to build a more inclusive, decentralised, and prosperous financial future” added Alicia as TOKEN2049 concluded.

About KuCoin

Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 900 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 34 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.

 

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SOURCE KuCoin

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PayPal Ventures Reinforces Support of Chaos Labs with Additional Investment

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SINGAPORE, Sept. 20, 2024 /PRNewswire/ — Today, PayPal Ventures, the global venture capital arm of PayPal, announced an additional investment in Chaos Labs, an industry leader in onchain risk management. This investment underscores PayPal Ventures’ confidence in Chaos Labs’ potential and their blockchain products.

Chaos Labs’ recent launch of Edge, a new decentralized oracle protocol, has garnered significant attention within the industry. Edge has already secured a remarkable $30B over the last 2 months and has been adopted by leading exchanges such as Jupiter, the top perpetuals exchange on Solana, and GMX, the leading exchange on Arbitrum.

Edge offers a comprehensive, low-latency oracle solution, combining accurate price data with actionable market intelligence. Its advanced architecture ensures the security and efficiency of DeFi applications while providing insights into market dynamics and security risks. Edge monitors the market for specific risk signals, performs the offchain data parsing and computation, and outputs one actionable data point.

Omer Goldberg, CEO and Founder of Chaos Labs, said, “We’re excited to receive the strong confidence and additional support from the PayPal Ventures team. Edge by Chaos is the culmination of our entire company’s work and expertise. Edge Price, Risk, and Proofs deliver meaningful and unmatched contextualized risk and price data for assets including stablecoins and other real-world-assets, in addition to the crypto assets and venues that provide access to them.”

Last month, Chaos Labs announced a $55 million Series A funding round led by Haun Ventures, including prominent new investors such as F-Prime Capital, Slow Ventures, and Spartan Capital, and existing investors including PayPal Ventures. Chaos Labs has experienced significant growth, tripling its customer base and securing billions in trading volume, loans, and incentives.

PayPal Ventures’ investment aligns with PayPal’s ongoing commitment to the blockchain ecosystem. In May 2024, PayPal launched its stablecoin, PYUSD, on the Solana blockchain.

Amman Bhasin, Partner at PayPal Ventures, said, “Our continued investment in Chaos Labs reflects our belief in their vision to create a safer crypto ecosystem and move more financial services on chain. Chaos Labs has emerged as a leading risk authority in the sector and we are thrilled to witness their evolution as they launch innovative products like Edge to mitigate oracle vulnerabilities.”

Chaos Labs will receive the total investment in PYUSD on-chain. A simulation will be shown live on-stage on September 20th at the annual Solana Breakpoint conference in Singapore.

About Chaos Labs

Chaos Labs leads the blockchain risk management industry with innovative solutions for the evolving onchain financial landscape. Chaos Labs enables protocols to verify stability across all market conditions, merging offchain observability with onchain risk parameter adjustments. Backed by leading venture capital firms, Chaos Labs continues to set new standards for security and responsiveness in onchain finance. Founded in 2021, Chaos Labs is headquartered in New York City.

About PayPal Ventures

PayPal Ventures is the global corporate venture arm of PayPal. We invest for financial return in companies at the forefront of innovation in fintech, commerce enablement, digital infrastructure, and crypto/blockchain technologies. Through the expertise, experience, and vast network of PayPal Ventures – and the companies we invest in – we are helping to bring transformative solutions to market faster. For more information, please visit: www.paypal.vc 

 

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SOURCE Chaos Labs, Inc.

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