Categories: IT & Communication Technology

Infrastructure Software Global Market Expected to hit $316.91 Billion at a CAGR of 6.1% by 2028, Top Factors Leading The Industry Worldwide

Infrastructure Software Global Market

Overview and Scope
Infrastructure software is enterprise software designed to increase IT performance in organizations. It is used to assure that people and systems within a corporation can connect and do their tasks effectively, as well as to ensure that business processes are executed efficiently, information is shared, and contact points with suppliers and customers are managed.

Sizing and Forecast
The infrastructure software market size has grown steadily in recent years. It will grow from $238.51 billion in 2023 to $249.79 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to legacy system modernization, increase in remote work, cybersecurity concerns, automation and orchestration, application performance optimization, regulatory compliance demands.

The infrastructure software market size is expected to see strong growth in the next few years. It will grow to $316.91 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to edge computing expansion, focus on zero trust security models, containerization and microservices architecture, increased emphasis on devops practices, focus on user experience. Major trends in the forecast period include hybrid and multi-cloud management, container orchestration and management, user-centric infrastructure design, digital experience monitoring (dem), serverless computing integration..

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Segmentation & Regional Insights
The infrastructure software market covered in this report is segmented –
1) By Type: Storage, Network and System Management, Security
2) By Application: Building Management, Integrated Communications, Data Center Infrastructure, Cloud Integrations
3) By End-use: Manufacturing, IT And Telecom, BFSI, Transportation And Logistics, Retail, Healthcare, Other End-Users

North America was the largest region in the infrastructure software market in 2023. The regions covered in the infrastructure software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The rising demand for 5G connectivity is expected to propel the growth of the infrastructure software market going forward. 5G is the fifth generation of networks, it enables a new type of network that is meant to link almost everyone and everything, including machines, objects, and devices. The advent of new applications and services that were previously disabled with older wireless technologies is projected to benefit the infrastructure software industry as demand for 5G connections expands. Additionally, the growing popularity of cloud computing is boosting demand for 5G. For instance, in September 2022, according to a report published by the GSM Association (GSMA), a UK-based industry organization that represents the interests of network operators globally, 5G technology has resulted in over 640 million 5G connections in 2022, with a total of 2 billion connections expected by 2025. Therefore, the adoption of 5G technology is driving the growth of the infrastructure software market.

Key Industry Players
Major companies operating in the software infrastructure market are adopting a strategic partnership approach aiming to assist companies in accelerating their path to the cloud by providing managed cloud solutions to businesses all over the world. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in June 2023, Kyndryl Inc., a US-based technological infrastructure services company, announced a partnership with Oracle Corporation. As part of the agreement, Kyndryl will become an Oracle Cloud Infrastructure (OCI) key delivery partner, building on its extensive expertise in working with and supporting clients that use Oracle products and services. Customers benefit from best-in-class security, constant excellent performance, simple, consistent pricing, and the tools and experience required to swiftly and efficiently migrate business workloads to the cloud. Furthermore, Kyndryl will use its Oracle PartnerNetwork (OPN) membership to extend the scope of its worldwide online service delivery capabilities throughout the network. Oracle Corporation is a US-based technological company.

The infrastructure software market report table of contents includes:
1. Executive Summary