IT Infrastructure Services Market
Market Research Future (MRFR), in its report on the Global IT Infrastructure Services Market 2020, shed light on multiple factors that can control the market in the review period. MRFR released a report on the impact of COVID 19 on the IT infrastructure service market. As per MRFR study, the IT infrastructure service market can expand at 11.1% CAGR across the review period. The IT infrastructure service, to reach USD 120.15 billion in 2025 during the forecast period.
A robust IT infrastructure is identified as the backbone of any enterprise. The increase in demand for effective and affordable solutions can promote the expansion of the IT infrastructure services through the analysis period. An IT infrastructure service provider provides assistance throughout the lifecycle of the IT infrastructure. They provide highly reliable IT infrastructure that includes network, cloud, data center, and security system, via consulting services. In addition, they also aid organizations with strategies for planning, implementation, and integration services. These factors can boost the expansion of the market in the analysis period.
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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. Vendors operating in this market, therefore, need to offer advanced infrastructure services in order to effectively serve the need of the enterprises. Some of the key IT infrastructure services offered by vendors include network management service, enterprise system management, and IT security management.
Vendors operating in the market partner with various technology providers in order to offer the best-in-class IT infrastructure services to their end users. Vendors are also investing in research & development to offer comprehensive IT services to the end users. The market also registers increasing rivalry among existing players and has a threat of entrance of new vendors. Major players compete on the basis of types of services offered and pricing of the services, among others.
Segmental Analysis
The global IT infrastructure services market has been segmented on the basis type, service type, organization size, vertical and region
Based on the type, the IT infrastructure services market has been segmented into network management service, enterprise system management, IT security management, virtualization solutions, data center consolidation services, and others. The network management service segment accounted for the largest share in 2018. However, the IT management security service segment is expected to register the highest CAGR. The network management services include vulnerability assessment, traffic, and bandwidth management, among others. Enterprises of all sizes are looking for efficient network management services, thereby increasing the demand for such services. The IT security services segment is expected to grow at highest CAGR due to amendments in security regulation (e.g. GDPR and the upcoming CCPA) is expected to be the key reason driving the demand for IT security services.
Based on service type, the market has been segmented into consulting, planning integration & implementation, maintenance and managed services. The planning integration and implementation services segment held the highest share in 2018. It is driven by growing demand for such services from enterprises of all sizes. Managed services are expected to have fastest CAGR during the forecast period. Enterprises across manufacturing, healthcare, automotive are shifting towards managed services, thereby driving the demand for such services.
Regional Analysis
In APAC, the service provider entirely manage the IT infrastructures. The feasibility offered by them can aid organization focus on their core business. This is likely to promote the expansion of the IT infrastructure service in the Asia Pacific region. The growing popularity of managed IT services as it curb the day to day management burden of IT infrastructure can also support the expansion of the regional market. In Europe, the rise in the adoption of IT infrastructure by cash rich verticals, such as healthcare, BFSI, retail, and manufacturing can cause the rise of the market in the assessment period. IT infrastructure services solutions assists in dealing with different IT complexity. The increase in awareness about the same can boost the expansion of the regional market through the review period. The expansion of the IT field in North America can impel the regional market.
Competitive Analysis
The prominent players operating in the IT infrastructure services market are Clover Infotech Private Limited, YASH Technologies, PC Solutions, IBM, Fingent Corporation, Tata Communications, Netmagic Solutions, Rave Technologies Pvt. Ltd., Fujitsu, Amnet Technology Pte Ltd, Synoptek, LLC, Vaysinfotech, Cognizant, Neusoft Corporation, and telent Technology Services Limited.
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