The global managed infrastructure services market size was USD 78.45 Billion in 2020 and is estimated to expand at a robust CAGR during the forecast period, 2021–2028. The growth of the market is attributed to increasing demand for services to improve operational efficiency in the rapid growing IT industry.
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Managed infrastructure services refer to outsourcing infrastructure and inventory activities of an organization to a third-party managed service provider. Managed infrastructure services provide services that support business practices. These services consolidate, standardize, automate, and virtualize systems by adopting suitable cloud services.
Managed infrastructure services mainly consist of multi-cloud services, digital workplace services, network & communication services, and product support services. These services help to reduce the IT cost by 25% by using predictive operations and automation. These services are processed on a contract basis.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing adoption of digital technologies to build innovative business models and optimize business processes is projected to propel the market expansion.
- Rising expansion of cloud-based technology boosting the demand is driving the market expansion during the forecast period.
- Increasing adoption of emerging technologies, such as Internet of Things (IoT), cognitive computing, mobility and cloud computing is driving the growth of the market.
- Rising concerns regarding data security and data compliance among large companies is positively influence the market growth.
- Increasing outsourcing of services to reduce the operational costs is anticipated to drive the market growth.
- Decreasing profit margins in managed infrastructure services can hamper the market growth.
- Reliability & integration concerns are challenging factors can restrict the market expansion in the coming years.
- Growing shift from on-premise to the cloud model due to ongoing technological advancement can create opportunities for the market growth.
Managed Infrastructure Services Market Segment Insights
Cloud segment to account a large market share
Based on deployment types, the market is bifurcated into on-premise and cloud. The cloud segment is expected to constitute a key market share during the forecast period due to the increasing demand for cloud-based services to reduce the operational cost for small- and large-scale enterprises. On the other hand, the on-premise segment is expected to grow at a steady rate in the projected timeline.
Desktop & print services segment to expand at a significant pace
In terms of service types, the market is segmented into desktop & print services, servers, and inventory. The desktop & print services segment is expected to grow at robust pace during the forecast period. A print server is a software application, network device or computer that manages print requests and makes printer queue status information available to end-users and network administrators. Print servers are used in both large enterprise and small or home office networks.
Manufacturing segment to register a substantial CAGR
On the basis of end-users, the market is segregated into BFSI, IT & telecom, healthcare, manufacturing, and retail. The manufacturing segment is anticipated to register a substantial CAGR during the forecast period. Increasing penetration of latest technology in the manufacturing services is driving the segment growth. On the other hand, the IT & telecom segment is expected to account for a significant market share in the projected timeline.
Asia Pacific to dominate the market
On the basis of regions, the market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to dominate the market during the forecast period. The regional market growth is attributed to increasing adoption of managed infrastructure services among IT companies in countries such as China and India. In July 2019, NTT Ltd launched its services in India and it plans to introduce an array of services for BFSI, pharmaceuticals, telecommunications, energy & utilities, manufacturing, automotive, and technology sectors.
Competitive Landscape
Key players competing in the managed infrastructure services market include Fujitsu Ltd, Cisco Systems Inc., Dell Technologies Inc., IBM Corporation, and Hewlett Packard Enterprise.
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Your organization may be interested in the idea of IT being managed, but does not know what IT infrastructure components to export.
This finding provides an overview of some of the most widely managed IT infrastructure services.
