The managed 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 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 infrastructure services market size has grown rapidly in
recent years. It will grow from $108.39 billion in 2023 to $120.74
billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. The
growth in the historic period can be attributed to digital
transformation initiatives, increasing complexity of IT environments,
focus on cost optimization, rise in cybersecurity concerns, shift
towards managed cloud services.
The managed infrastructure services market size is expected to see rapid growth in the next few years. It will grow to $183.81 billion in 2028 at a compound annual growth rate (CAGR) of 11%. The growth in the forecast period can be attributed to rapid adoption of hybrid and multi-cloud environments, focus on digital innovation and agility, growing complexity of IT security landscape, expansion of edge computing, focus on sustainable IT practices. Major trends in the forecast period include automation and AI-driven operations, shift towards outcome-based pricing models, convergence of managed services and devOps practices, focus on security-as-a-service, expansion of edge computing services.
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Scope Of Managed Infrastructure Services Market
The Business Research Company's reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Managed Infrastructure Services Market Overview
Market Drivers -
The increasing expansion of cloud-based technology is expected to
propel the growth of the managed infrastructure services market going
forward. Cloud-based technology refers to computing services, resources,
and applications delivered over the internet. Cloud technology
eliminates the need for organizations to invest heavily in physical
infrastructure, maintenance, and operational costs. Managed
infrastructure services leverage cloud-based technology to automate and
manage scalable, flexible, and resilient IT infrastructure solutions for
clients, optimizing operations and enabling focus on core business
objectives. For instance, in December 2023, according to Eurostat, a
UK-based intergovernmental organization, 45.2% of EU enterprises
purchased cloud computing services to host their email systems, store
electronic files, and accomplish other tasks. EU enterprises' purchasing
of cloud computing services increased by 4.2% in 2023 compared to 2021.
Moreover, approximately 44% of conventional small businesses utilize
cloud infrastructure or hosting services, whereas 66% of small tech
companies and 74% of enterprises use cloud services. Therefore, the
increasing adoption of cloud-based technology is driving the growth of
the managed infrastructure services market.
Market Trends -
Major companies operating in the managed infrastructure services market
are developing innovative solutions, such as managed cloud services, to
gain a competitive edge. Managed cloud services refer to comprehensive
IT solutions provided by third-party service providers to manage and
optimize their clients' cloud-based infrastructure, platforms,
applications, and services. For instance, in October 2023, Rackspace
Technology Inc., a US-based cloud computing company, launched Rackspace
Managed Cloud (RMC), a new solution for managing multi and hybrid cloud
environments. This comprehensive service is powered by the Rackspace
cloud management platform, which helps manage the complete lifecycle of
various cloud components. RMC aims to revolutionize multi- and hybrid
cloud management by providing a fully managed service that simplifies
the complexities of cloud operations, allowing organizations to focus on
their core business activities. This solution offers a range of
benefits, including reduced operational costs, improved scalability,
enhanced security, and increased agility in adopting new technologies.
The managed infrastructure services market covered in this report is segmented –
1)
By Service Type: Remote System Management And Monitoring, Disaster
Recovery And Business Continuity Service, Information Security Audits
And Assessment, Other Service Type
2) By Deployment Type: On-premise, Cloud
3) By End-User: Banking, Financial Services, And Insurance (BFSI),
Healthcare, Manufacturing, Information Technology And
Telecommunications, Defense And Government, Retail, Energy And
Utilities, Other End-Users
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Regional Insights -
North America was the largest region in the managed 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 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 infrastructure services market are Amazon.com Inc., Alphabet
Inc., Microsoft Corporation, Verizon Communications Inc., AT&T Inc.,
Deutsche Telekom AG, Dell Technologies Inc., Accenture plc,
International Business Machines Corporation, Cisco Systems Inc., Fujitsu
Limited, Canon Inc., Hewlett Packard Enterprise Company, Toshiba
Corporation, Tata Consultancy Services Limited, Telefonaktiebolaget LM
Ericsson, Nokia Corporation, Cognizant Technology Solutions Corporation,
Ricoh Company Ltd., DXC Technology Company, Atos SE, Konica Minolta
Inc., Xerox Corporation, Lexmark International Inc., Citrix Systems Inc
Table of Contents
1. Executive Summary
2. Managed Infrastructure Services Market Report Structure
3. Managed Infrastructure Services Market Trends And Strategies
4. Managed Infrastructure Services Market – Macro Economic Scenario
5. Managed Infrastructure Services Market Size And Growth
…..
27. Managed 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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