COVID-19 Impact on the Global Managed Infrastructure Services Market

Global Managed Infrastructure Services Market: Introduction

Managed infrastructure services consolidate, standardize, automate, and virtualize systems utilizing appropriate cloud services and customer-owned IT to build a road map for enterprises to optimize IT infrastructure, operations, and premises. Managed infrastructure services majorly include multi-cloud services, digital workplace services, network and communication services, and product support services. These services have the ability to reduce the IT cost by 25% through predictive operations and automation.

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COVID-19 Impact on the Global Managed Infrastructure Services Market

The COVID-19 pandemic is expected to moderately impact the global managed infrastructure services market. Companies are highly skeptical about any kind of new investment with regards to IT assets management due to shut down of office premises. Although managed infrastructure services are highly focused toward cost optimization, it entails initial capital outlay for digital transformation within an enterprise. The high initial capital outlay has moderately impacted the market in year 2020, but it is expected to grow at a healthy rate by the end of year 2021.

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Global Managed Infrastructure Services Market – Dynamics

Increasing Need to Optimize IT Cost Driving Growth of the Managed Infrastructure Services Market

Investment specific to IT for SMEs and large enterprises has also increased due to increasing digitization across the globe. Although the integration of digitization within workflow management has increased the productivity, it has also levelled up the fixed IT cost for enterprises. The need for managed infrastructure services has increased to reduce the overall cost and improve efficiency. Major operational cost efficiency with regards to managed infrastructure services is driving the growth of the market.

Lack of Awareness and Knowledge among Small & Medium Enterprises

Lack of awareness with regards to managed infrastructure services among SMEs is limiting the growth of the market. Small & medium enterprises account for 92% of the total global enterprises and within Asia Pacific, Middle East & Africa, and South America region, these enterprises lack the knowledge and awareness about cost benefits of managed infrastructure services. New product/service adoption within these regions is very low compared to North America and Europe. The lack of ability to adopt and implement the new technology within SMEs is restricting the growth of the market.

North America to Dominate the Global Managed Infrastructure Services Market

In terms of region, the global managed infrastructure services market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the managed infrastructure services market during the forecast period due to strong adoption of outsourced services to manage IT assets by small & medium enterprises in the region.

Global Managed Infrastructure Services Market – Competition Landscape

In June 2020, remote IT solutions for cloud infrastructure management was launched by Nutanix which will enable IT teams to deploy, upgrade, and troubleshoot their cloud infrastructure while working remotely or from a centralized office. The solution will also allow IT teams to remotely manage cloud infrastructure throughout the entire software lifecycle.

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