Overview and Scope
Information technology (IT) Infrastructure Services refer to a comprehensive set of offerings and solutions provided by IT service providers to manage and support the foundational technology components that enable an organization’s IT operations. These services allow organizations to build, deploy, and maintain the technology infrastructure necessary to support their business operations effectively and securely.
Sizing and Forecast
The IT infrastructure services market size has grown rapidly in recent years. It will grow from $93.18 billion in 2023 to $104.45 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%. The growth in the historic period can be attributed to the initial adoption of IT infrastructure services by enterprises, the rise of cloud computing technology, the rise in digital transformation initiatives, and rapid growth in data volumes and complexity.
The IT infrastructure services market size is expected to see rapid growth in the next few years. It will grow to $167.52 billion in 2028 at a compound annual growth rate (CAGR) of 12.5%. The growth in the forecast period can be attributed to the rise in adoption of hybrid and multi-cloud strategies by enterprises, rise in sustainability and energy efficiency, heightened focus on zero trust security principles, evolving regulatory landscape, and data privacy regulations. Major trends in the forecast period include the adoption of edge computing architectures, the adoption of hybrid and multi-cloud strategies, the adoption of containerization and microservices architectures, the adoption of DevOps practices and CI/CD pipelines, the integration of AI and machine learning capabilities.
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The IT infrastructure services market covered in this report is segmented –
1) By Type: Network Management Service, Virtualization Security, Enterprise System Management, Information Technology (IT) Security Management, Data Center Visualization Services, Other Types
2) By Organization Size: Small-Sized Enterprises, Medium-Sized Enterprises, Large-Sized Enterprises
3) By End-Use Verticals: Information Technology (IT) And Telecommunication, Public Sector, Retail Sector, Transportation And Logistics, Banking, Financial Services And Insurance (BFSI), Manufacturing
North America was the largest region in the IT infrastructure services market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the IT infrastructure services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
A rise in data traffic is expected to propel the growth of the IT infrastructure services market going forward. Data traffic refers to the movement of digital information across a network, such as the Internet or a local area network (LAN). The surge in data traffic is due to the increasing adoption of cloud computing services and the proliferation of internet-connected devices. IT infrastructure services manage and optimize data traffic by ensuring robust network connectivity, efficient data transmission, and scalable infrastructure to accommodate growing data volumes, enhancing reliability and performance across digital ecosystems. For instance, in November 2023, according to a report published by Telefonaktiebolaget LM Ericsson (Ericsson), a Sweden-based networking and telecommunications company, global mobile data traffic (excluding fixed wireless access) is projected to surge from 130 exabytes (EB) per month in 2023 to around 403 exabytes (EB) per month by 2029. Therefore, the rise in data traffic is driving the growth of the IT infrastructure services market.
Key Industry Players
Major companies operating in the IT infrastructure services market are Microsoft Corporation, AT&T Inc., Dell Technologies Inc., Intel Corporation, The Hewlett-Packard Company, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, SAP SE, Fujitsu Ltd., Deutsche Telekom AG, Salesforce Inc., Adobe Inc., ServiceNow Inc., NetApp Inc., Palo Alto Networks Inc., Fortinet Inc., F5 Networks Inc., Splunk Inc., Nutanix Inc., Alcatel-Lucent S.A, Neusoft Corporation, Synoptek LLC, Rave Technologies Pvt. Ltd, Amnet Technology Pte Ltd
The it infrastructure services market report table of contents includes:
1. Executive Summary
2. IT Infrastructure Services Characteristics
3. IT Infrastructure Services Trends And Strategies
4. IT Infrastructure Services – Macro Economic Scenario
5. Global IT Infrastructure Services Size and Growth
…..
32. Global IT Infrastructure Services Competitive Benchmarking
33. Global IT Infrastructure Services Competitive Dashboard
34. Key Mergers And Acquisitions In The IT Infrastructure Services
35. IT Infrastructure Services Future Outlook and Potential Analysis
36. Appendix
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