Market Insight
The study on the global IT Infrastructure Services Market Growth by Market Research Future provides a granular evaluation of the business space and includes information about market tendencies. The statistics depict that the market will be ready to expand at an 11.20% CAGR and would achieve a valuation of USD 145.3 Billion by the year-end of 2030. The growth period is forecasted for years from 2022-2030.
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IT Infrastructure Services refer to the combined components needed for the operation and management of enterprise IT services. This includes hardware, software, networking, storage, data centers, and other infrastructure components. IT Infrastructure Services can include application management, network management, system administration, data center management, virtualization, storage, and cloud computing. IT Infrastructure Services are used to improve efficiency and reduce costs, as well as improve reliability and scalability. Additionally, IT Infrastructure Services can provide organizations with the ability to manage their IT infrastructure in an efficient and secure manner.
Top Impacting Factors:
As the coronavirus pandemic has worsened, the information technology industry is upended along with almost every other industry globally. Yet the market is showing imperative signs of developing in support of prevailing factors, which MRFR has accumulated in its report. The global IT infrastructure services market expects to expand at a rapid pace owing to the rise in IT infrastructure expenditure. Demand for IT infrastructure service is projected to rise in the near future, owing to the rising investments in cutting-edge technology in the IT industry.
With this, some more factors, such as ascend in investment in next-generation IT infrastructure is going to propel the IT infrastructure services market during the assessment period. In the current corporate environment, a decline in IT risks has become critical. The complication of dynamic infrastructure tests in IT firms is motivating them not only to adopt innovative technologies but also to execute them well with the help of IT infrastructure & operations services. Hence, the optimization of IT operations is also driving the adoption of IT infrastructure services all over the world.
The essential features of IT infrastructure services, such as enterprise system management services, network management services, virtualization solutions, data consolidation services, and IT security management services, are being causative to its market’s propulsion for the past ten years. The service providers offer these services on the consent of the client’s current and future IT infrastructure requirements. In this field, top IT service providers such as Microsoft, IBM, and Cisco are known for offering best-in-class services to clients globally. In the case of point, Cognizant partnered with Microsoft, Amazon, and Google to propose various cloud services to several enterprises across the globe. Similarly, Synaptek, LLC., presented IT consulting service to Student Transportation Inc., a North America-based independent provider of school bus transportation services. The consulting service assisted the client in managing operations effectively. To add in this, Netmagic Solutions offered cloud services to the Hindu Group, a publication house based in India, to manage the large volumes of data effectively.
Segmental Analysis:
The global IT infrastructure services market is segmented among type, service type, organization size, and vertical.
In terms of type segment, the IT infrastructure services market has included enterprise system management, network management service, virtualization solutions, IT security management, data center consolidation services, and more.
In terms of service type segment, the market has included planning integration & implementation, consulting, managed, and maintenance. The managed service segment might register the highest CAGR during the assessment period.
In terms of organization size segment, the market has included small & medium-sized enterprises and large enterprise. The large enterprise segment occupied a larger share in the market, particularly in healthcare and BFSI industries.
In terms of vertical segment, the IT infrastructure services market has included chemicals, automotive, IT & telecommunication, retail & consumer goods, government, healthcare, manufacturing, BFSI, and more.
The IT Infrastructure Services Market is divided into two main segments: Network Management Services and Enterprise System Management.
Network Management Services encompasses the design, installation, and maintenance of networks, including local area networks (LANs), wide area networks (WANs), and wireless networks. This segment also includes services such as firewall management, virtual private networks (VPNs), and intrusion prevention systems (IPS).
Enterprise System Management covers a range of services, including server and storage management, system and application monitoring, software installation and management, backup and recovery, system and application security, and data center management. This segment also includes services such as database administration, virtualization, and cloud computing.
Regional Analysis
North American regional market leads in terms of market share in the IT infrastructure services market owing to the escalating investments by industry verticals to deploy new technologies and growing need to manage IT infrastructure effectively.
Similarly, the Europe region has occupied the second position in the market share. As per MRFR’s analysis, the UK might grow with the highest market share, after Germany and France. The industry verticals where the demand for IT infrastructure services solutions is mounting in the country include manufacturing, healthcare, education, and consumer goods.
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Top Industry Players:
Top industry players operating in the IT infrastructure operations services market include YASH Technologies, PC Solutions, Clover Infotech Private Limited, Fingent Corporation, IBM, Netmagic Solutions, Tata Communications, Fujitsu, Rave Technologies Pvt. Ltd, Synoptek, Amnet Technology Pte Ltd, Vaysinfotech, LLC, Neusoft Corporation, Cognizant, and telent Technology Services Limited.
The table of contents for a report on the IT Infrastructure Services Market would include an overview of the market, key market trends, an analysis of the competitive landscape, and a segmentation of the market based on service type, deployment type, organization size, vertical, and region. It would also include an in-depth analysis of the market dynamics, such as drivers, restraints, and opportunities, as well as a discussion of the technology trends and the impact of regulations on the market. Additionally, the report would include a market forecast, a list of key players, and a conclusion.
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About Market Research Future (MRFR):
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.
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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 Support – GyanMatrix is a global IT infrastructure services provider that plans, designs and implements organizational IT strategies with its in-depth industry and technical knowledge.
