Categories: IT & Communication Technology

Infrastructure Software Global Market By Type, By Application, By End User, By Industry Vertical, Regional Outlook, and Forecast 2024-2033 | BMC Software Inc., Broadcom Inc., Cisco Systems Inc., Dell Inc.

Infrastructure Software Market

The Infrastructure Software by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Infrastructure Software, 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.

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.

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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

Technological advancements are a key trend gaining popularity in the infrastructure software market. Major companies operating in the infrastructure software markets developing innovative products to strengthen their position in the market. For instance, in June 2021, Hewlett Packard Enterprise, a US-based information technology company, launched a new automated 5G management software solution, expanding its 5G offering with fully integrated automated management. The solution comprises HPE 5G Automated Assurance and a new 5G feature for HPE Service Director, which work together to simplify 5G network administration and decrease deployment risks using a zero-touch, closed-loop approach. The technology is pre-integrated with HPE’s open 5G solutions, including the HPE 5G Core Stack, as well as open-source technologies and open APIs for integration with multi-vendor installations.

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