Managed IT Infrastructure Market to Observe Strong Development of 11.3% CAGR by 2023 | Global Key Players - Dell EMC, IBM, Alcatel-Lucent.S.A, AT&T, HP Development Company, LP, Microsoft

The global managed IT infrastructure services market is expected to register a CAGR of 11.3%, during the forecast period (2018 - 2023). The scope of the managed IT infrastructure services market covers various segments based on type of service Digital Workplace Services, Data Center Services, Network and Communication Services, Infrastructure as a Service, Global Delivery, by deployment, on-premise and cloud, by size of business large, medium and small, and is limited to applications, like IT & telecommunications, public sector, retail sector, transportation and logistics, BFSI and manufacturing. The regional landscape of the report includes North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

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Key Recent Developments

February 2018 - Fujitsu has been awarded a contract by leading Spanish brewery Damm to manage its entire IT infrastructure. The Barcelona-based brewer has entrusted Fujitsu with implementing a hybrid cloud infrastructure based on the IT company’s next-generation Cloud Service K5 platform specifically created to enable efficient, easy and cost effective enterprise level digital transformation. Fujitsu Cloud Service K51 combines Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) to deliver maximum flexibility for Damm, which will also benefit from financing both services and infrastructure on a pay-per-use basis

May 2017 - Verizon shut down its public cloud service in early 2016, and is now unloading its virtual private cloud and managed hosting offerings to IBM. The deal allows IBM to improve its position in cloud computing. Meanwhile, the deal allows Verizon to get out of the cloud infrastructure market dominated by Amazon, Google, and Microsoft, allowing it to focus on its managed network, security, and communications services

Top Industry Players:

Fujitsu Ltd., Cisco Systems, Inc., Dell EMC (EMC Corporation), IBM Corporation, Alcatel-Lucent.S.A, AT&T Inc., HP Development Company, LP, Microsoft Corporation, Verizon Communications Inc., Dell Inc., Rackspace Inc., TCS Limited., and Deutsche Telekom AG, among others.

Cost Optimization is Driving the Adoption of Managed Services

Businesses are estimated to save 15%-25% of their costs invested on IT services with the adoption of managed services. It is also predicted that 45% of the customers prefer other companies if they do not receive a quick response due to unexpected IT issues. This can be avoided by addressing the customers via email, phone, and live chats, thus, improving customer satisfaction by providing all time monitoring services. This proactive support reduces the downtime due to network outages, thereby enhancing productivity. The costs involved in these services is also fixed thus leading to a more stable IT budget, which is easy to plan. Overall, the managed IT infrastructure services are a smart alternative for businesses seeking to keep up with the competition, along with saving costs.

Data Center Services Holds the Major Market Share

The amount of data that is generated from various devices have exponentially increased over the years. This is due to ease of access to internet and computing gadgets, such as smart phones, tablets. The trend would witness new altitudes with more number of global population gaining access to devices. Data traffic growth is expected to witness tremendous growth over the years and it is estimated that the data volume would triple by 2020, majorly due to large number of connected devices around the world which directly influences the data center services market in the coming years.

Outsourcing Networked Business Functions is Growing with More Number of Small and Medium-Sized Organizations Opting for Managed Services to Optimize Costs

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Businesses are depending on increasingly complex network technology to support internal processes and external relationships with customers. The sophisticated network infrastructure can manufacture resources that could be better devoted to business competencies. Many companies are focusing on outsourcing some or all of their network functions to service providers. Organizations are discovering that outsourcing can help achieve significant revenue benefits, increase flexibility, and agility, and provide access to networking, security, and communication. Among small and medium-sized businesses, improving operational efficiency is a very large benefit of out-tasking. Large organizations are the potential managed IT infrastructure services vendors. Even for large enterprises with geographically-dispersed locations, the managed IT infrastructure services are the best-fit or the most cost-effective solution.

IT & Telecommunication Sector Dominated the Managed Services Market Holding A Market Share

Latest technological breakthroughs have assisted the advancement of new managed It infrastructure services that can make the overall processes more efficient and can significantly improve accuracy in various applications. The major driver behind the investments has been the continuous evolution and application of new technologies to unlock enormous volumes that were previously considered non-commercial. With these series of investments, the IT & telecommunication, public sector, retail, and BFSI applications are set to boom in the coming years. Initiation of next generation communication technologies, smart devices adoption, and a shift towards digitization are the factors that are expected to augment the growth of the IT & telecommunication sector enormously during the forecast period. With the rising number of opportunities, even the challenges are increasing for the operators.

North America Region Dominated the Market

North America is followed by Asia-Pacific with the huge growth potential in countries, such as China, India, and Middle East & Africa (MEA) are expected to provide high growth opportunities for the market.

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