IT Infrastructure Services Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2020–2027
The study on the global IT Infrastructure Services Market 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 11.1% CAGR and would achieve a valuation of 120.15 billion by the year-end of 2025. The growth period is forecasted for years from 2018–2025.
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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 feat
ures 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.
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.
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