IT Infrastructure Services Market
The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on IT Infrastructure Services Market. The growth sectors of the IT Infrastructure Services Market are identified with precision for a better growth perspective.
Infrastructure as a service (IaaS) governance demand is growing with IaaS mis-configurations and inadvertent sensitive data storage exposure causing some of the biggest breaches over the past couple of years. Demand for sustainable security assessment and monitoring, effective data loss prevention, and malware and threat protection is increasing. As a result, businesses are increasingly focusing on improving governance to prevent data loss.
Simultaneously, factors such as the increasing demand for hybrid computing, faster implementation, scalability, and accessibility of the IT system are defining the market landscape for IaaS, increasing the demand and uptake of IaaS. Moreover, the increasing adoption of multi-cloud and cloud-based IaaS platform is escalating the IaaS market on the global platform.
Acknowledging the kind of growth, the IaaS market is witnessing currently, Market Research Future (MRFR) in its recently published study report asserts that the global Infrastructure as a Service market will reach approx. 59 BN USD by 2023, registering a whopping CAGR over 23 % from 2017 to 2023.
Augmenting uptake of cloud computing among various verticals including IT & telecom, BFSI, healthcare, retail & e-commerce due to maximum utilization of IT resources and cost-effective cloud computing services among organizations
On the flip side, factors such as the lack of technical expertise to manage IT infrastructure and data security on the cloud are expected to restrict the market growth of IaaS over the assessment period. Nevertheless, the cloud-based IaaS platform owing to its capability to enhance the IT services and fast data accessibility, witnesses a vast demand in large enterprises, which in turn, will support the market growth over the forecast period.
Global Infrastructure as a Service Market- Segmentation
MRFR has segmented the analysis into five key dynamics for the scope of better understanding:-
By Solutions : Managed Hosting Services, Storage as a Service (network attached storage and storage area network-based storage), High-Performance Computing as a Service, Disaster Recovery as a Service, Network Management, and Content Delivery Services.
By Deployment Types : Public Cloud, Private Cloud, and Hybrid Cloud.
By End-Users : SMEs and Large Enterprises.
By Verticals : IT & Telecom, BFSI, Healthcare, Retail and e-Commerce, Government, and Defense among others.
By Regions : Europe, North America, APAC and the Rest-of-the-World (RoW).
Global Infrastructure as a Service Market-Regional Analysis
The North American region leads the global Infrastructure as a Service market with the largest market share. Factors such as the wide uptake of IaaS & advancement of technology coupled with the increasing investments transpired in the cloud-based solutions are driving the market growth in the region. Furthermore, attributing to the increasing penetration of hybrid cloud and advanced IT infrastructure, the region is likely to retain its dominance over the forecast period.
The European region accounts for the second largest market for Infrastructure as a Service, globally. IaaS market in the region offers lucrative opportunities owing to the rapidly growing enterprises. Countries such as the UK, France, Germany, and Italy, backed with the technological advancement positively impact the market growth in the region. Continuing with the same growth trends, the IaaS market in Europe is expected to register the highest CAGR over the review period.
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In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the market in the coming years.Growing need to manage IT infrastructure cost effectively and need for better returns on investment after deploying the solution is driving the overall IT infrastructure services market.
IT infrastructure services are offered by various technology service providers who manage the IT infrastructure, including network, server, and storage effectively.
These services include both professional as well as managed ones.
Professional services include consulting, planning integration & implementation as well as maintenance services.
With the growing complexity in managing IT infrastructure, and lack of skilled personnel to manage various network and cloud infrastructures, enterprises all of sizes are looking for IT infrastructure services.
Major players compete on the basis of types of services offered and pricing of the services, among others.The adoption of IT Infrastructure Services is specifically increasing across healthcare, manufacturing, consumer goods and BFSI industry vertical.
IT Infrastructure Services Market ShareThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on IT Infrastructure Services Market Share.
The growth sectors of the IT Infrastructure Services Market Share are identified with precision for a better growth perspective.For transforming businesses, cloud computing and automation solutions have become core components as well as a critical necessity in the current time.In order to remain consistent in the air competition, every business needs innovation in technology with a flexible work approach.
In this, an efficient IT Infrastructure Management firmly assists them to reinvent and transform their complete business processes to make it more efficient.A top-of-the-line IT infrastructure, thus facilities management system that adds to the revenue by reducing costs.
Therefore, how does an organization’s IT infrastructure services impact its revenue?Here are five ways: Save Energy And Reduce Utility BillsAs per the study covered on IT infrastructure services, the power required to cool a server is roughly double the power necessary to run it.
When the need for growth and increase revenues comes up, the exponential costs incurred by an organization’s IT infrastructure and operations can hold aback.
Cloud computing has appreciably lowered IT infra expenditure so much that by the year 2020, the significant U.S. companies that use cloud computing might achieve annual energy savings of $12.3 billion.Reduced DowntimeWhen IT infrastructure systems are breaking down too frequently, it results in a loss of output.
