The Infrastructure Managed Services Market Revenue to Reach $277 Billion by 2023
The need to enhance efficiencies of IT infrastructure and outsourcing of daily IT operations are driving the infrastructure managed services market
Bangalore, India, June 13, 2018 (Newswire.com) - Infoholic Research LLP, a global market research and consulting organization, has published a study titled “Infrastructure Managed Services Market: Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2023” (May 2018). Infoholic Research forceasts that infrastructure managed services are expected to serve organizations across multiple verticals to maximize the potential of physical IT resources and embrace the digital transformation with technical expertise. The increased adoption of cloud services has encouraged organizations, especially SMEs, to migrate the IT infrastructure to cloud service providers (CSPs). The cloud deployment mode has encouraged many organizations to outsource IT infrastructure through private & public cloud and adopt a subscription model rather than licensing of products. However, the migration of legacy systems and network latency are concerns for large enterprises to implement digital technologies and adopt the cloud model.
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"The infrastructure managed services market is expected to witness substantial growth with increasing number of organizations moving to the cloud, especially SMEs. The increasing complexities arising due to digital technologies and workplace transformation are pushing organizations to opt for MSPs. Cloud managed services are expected to gain momentum with increasing number of SMEs migrating to the cloud and outsourcing overall IT infrastructure functions,"
The global infrastructure managed services market is estimated to grow at a CAGR of 11.02% during the forecast period 2018 – 2023.
The wide adoption of mobility, IoT, and AI gave rise to IT infrastructure modernization for organizations. Managed mobility services are expected to grow with increasing number of companies looking towards managing the off-site workers, encouraging work-from-home, and remote workers. Managed security services are expected to grow among SMEs with enhanced awareness to reduce the cyber threats. Data center managed services are expected to hold the significant market share during the forecast period due to the maintenance and cloud migration of servers and storage to the third-party vendors.
The services type includes managed security services, managed network services, managed data center services, managed mobility services, and managed unified communication services. MSPs are expected to partner with numerous cloud vendors to host Network Operations Centers (NOC) and provide IaaS to the enterprises. North America holds the dominant share in the infrastructure managed services market with a focus to concentrate on core business and outsource IT maintenance to OEMs or service organizations. However, Asia Pacific holds a huge potential for the IT service vendors with a presence in developing economies such as China and India. The huge market and a rapidly growing digital transformation of organizations in the region provide tremendous opportunities for MSPs in security, data center, networks, mobility, and unified communications space. The managed data center services market is expected to account for a significant share during the forecast period.
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The regions covered in the report are North America, Europe, Asia Pacific, Middle East Africa, and Latin America. The countries covered are US, Canada, Germany, UK, France, Sweden, Spain, China, India, Australia, Japan, Singapore, South Africa (RSA), United Arab Emirates (UAE), Brazil, and Mexico. The developing economies, such as China and India, possess huge potential with increasing focus on infrastructure and smart city initiatives along with the growth in manufacturing and energy & utilities sectors.
“The infrastructure managed services market is expected to witness substantial growth with increasing number of organizations moving to the cloud, especially SMEs. The increasing complexities arising due to digital technologies and workplace transformation are pushing organizations to opt for MSPs. Cloud managed services are expected to gain momentum with increasing number of SMEs migrating to the cloud and outsourcing overall IT infrastructure functions,” pointed Swarup Bhowal, Research Analyst at Infoholic Research.
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Details about the infrastructure managed services market.
- Analysis based on services, deployment mode, organization size, industry verticals, and regions.
- The organization size includes large enterprises and SMEs.
- The industry verticals segment includes BFSI, manufacturing, telecom & IT, government, healthcare & life sciences, consumer goods & retail, and others.
- Implementation of infrastructure managed services in North America, Europe, Asia Pacific, Middle East Africa, and Latin America.
- Evolution of infrastructure managed services, its features, advantages, and importance.
- Drivers, restraints, and opportunities (DRO) affecting the market growth during the forecast period (2018–2023).
- Analysis of vendor profiles, which include financial health, business units, key business priorities, SWOT, strategies, and views.
- Competitive landscape, which includes mergers & acquisitions, joint ventures & collaborations, and competitor comparison analysis.
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Categories: Information Technology