IT Infrastructure Services Market Outlook and Opportunities in Grooming Regions with Forecast 2032

Pune, India, December 2019, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global IT Infrastructure Services Market.

Overview

Global IT Infrastructure Services Market is expected to reach USD 179.67 Billion by 2032, registering a CAGR of 11.20% during the forecast period 2024–2032. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the market in the coming years.

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.

The adoption of IT Infrastructure Services is specifically increasing across healthcare, manufacturing, consumer goods and BFSI industry vertical. Companies operating across these verticals are demanding cost-effective and comprehensive services that effectively caters their IT infrastructure requirement.

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.

Based on organization size, the IT Infrastructure Services market has been divided into small- & medium-sized enterprises and large enterprises. Large enterprises, specifically in industry verticals like healthcare and manufacturing are significantly switching to various IT infrastructure services to manage their IT requirements.

Based on vertical, the IT infrastructure services market has been segmented into automotive, chemicals, retail & consumer goods, it & telecommunication, healthcare, government, BFSI, manufacturing, and others. The healthcare vertical is expected to register the highest CAGR during the forecast period (2024–2032).

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.

Regional Analysis

The regional analysis for the Global IT Infrastructure Services Market has been conducted for North America, Europe, Asia-Pacific (APAC), and the Middle East & Africa, and South America.

North America accounted for the largest market share in 2018; it is expected to register strong growth during the forecast period. The key driving factors for the growth of the IT infrastructure services market in the region include the growing need for effectively managing complex IT infrastructure across BFSI, manufacturing, healthcare, and consumer goods sectors.

The market in Asia-Pacific is expected to register the highest CAGR during the forecast period. In the research scope, Asia-Pacific has been categorized as China, Japan, India, and the rest of Asia-Pacific. Significant growth in the market in the country can be attributed to growth in a number of enterprises and their need to effectively manage various components of IT infrastructure.