The managed it infrastructure services global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Managed IT Infrastructure Services Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The managed it infrastructure services market size has grown rapidly in recent years. It will grow from $107.33 billion in 2023 to $119.17 billion in 2024 at a compound annual growth rate (CAGR) of 11.0%. The growth in the historic period can be attributed to rising complexity of it environments, cost optimization strategies, focus on core competencies, increasing cybersecurity concerns, scalability and flexibility needs.
The managed it infrastructure services market size is expected to see rapid growth in the next few years. It will grow to $181.92 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to edge computing growth, cloud adoption, regulatory compliance requirements, data governance and management, pandemic-driven changes. Major trends in the forecast period include expanded genetic testing accessibility, rise in prophylactic measures, personalized treatment approaches, advancements in non-invasive screening, emergence of supportive therapies.
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Scope Of Managed IT Infrastructure Services Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Managed IT Infrastructure Services Market Overview
Market Drivers –
The increasing adoption of the Internet of Things (IoT) is expected to propel the growth of the managed IT infrastructure services market going forward. The Internet of Things (IoT) is a networked system of interconnected computing devices, mechanical and electronic machinery with unique identities (UIDs), and the capacity to transfer data without needing human-to-human or human-to-computer contact. Managed IT infrastructure services can help manage the scalability and complexity of IoT infrastructure by offering scalable software infrastructure, device management, enhanced security, and data management for IoT ecosystems. For instance, in September 2022, according to a report published by Ericsson, a Sweden-based telecommunications company, the global IoT connections reached 13.2 billion connections in 2022 and are expected to increase by 18% to 34.7 billion connections by 2028. Therefore, the increasing adoption of the Internet of Things (IoT) is driving the growth of the managed IT infrastructure services market.
Market Trends –
Major companies operating in the managed IT infrastructure services market are focusing on developing innovative solutions, such as cloud-delivered managed security solutions, to maximize their revenues in the market. Cloud-delivered managed security solutions refer to security technologies and services delivered and managed through the cloud and used to protect critical infrastructure and data from cyber threats. For instance, in February 2022, Juniper Networks Inc., a US-based developer and marketer of networking products, introduced Juniper Secure Edge, a cloud-delivered security solution. With the help of this new solution, enterprises could secure their workforces wherever they are by delivering firewall-as-a-service (FWaaS) as a single-stack software architecture. Its key features include unified policy management from a single UI (user interface) for all security use cases with dynamic zero-trust segmentation, investment protection, integration with any identity provider, and validated security effectiveness. Secure Edge provides a consistent security policy framework with policies that dynamically update based on new risk and attack vectors and follow users wherever they go. Automated access restrictions are provided to workers and outside contractors through granular policy management.
The managed it infrastructure services market covered in this report is segmented –
1) By Service Category: Virtualization, Networking, Storage, Servers
2) By Deployment Mode: On-premises, Cloud
3) By Enterprise Size: Small And Medium Enterprises, Large Enterprises
4) By End User: IT And Telecommunication, Retail, Transportation And Logistics, BFSI (Banking, Financial Services, And Insurance), Manufacturing, Other End Users
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Regional Insights –
North America was the largest region in the managed IT infrastructure services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the managed it infrastructure services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the managed it infrastructure services market report are Microsoft Corporation, Verizon Communications Inc., AT&T Inc., Dell Inc., Lenovo Group Ltd., Accenture PLC, International Business Machines Corporation, Cisco Systems Inc., Fujitsu Limited, Canon Inc., Hewlett Packard Development Company L.P., Toshiba Corp., Tata Consultancy Services Ltd., Telefonaktiebolaget LM Ericsson, Nokia Corporation, NEC Corporation, Capgemini America Inc., NTT Ltd., Cognizant Technology Solutions Corp., Infosys Limited, DXC Technology Corporation, Atos SE, Wipro Ltd., HCL Technologies Limited, CGI Group Inc., Xerox Holdings Corp., Rackspace Inc., LTIMindtree Limited, Unisys Corporation, Cybernet Software Systems Inc., Happiest Minds Technologies Limited
Table of Contents
1. Executive Summary
2. Managed IT Infrastructure Services Market Report Structure
3. Managed IT Infrastructure Services Market Trends And Strategies
4. Managed IT Infrastructure Services Market – Macro Economic Scenario
5. Managed IT Infrastructure Services Market Size And Growth
…..
27. Managed IT Infrastructure Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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