Managed Infrastructure Services Global Market Report 2024 - By Report, Share, Demand, Industry Scope, Outlook By 2033

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Managed Infrastructure Services Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $183.81 Bn In 2028 At A CAGR Of 11% :
The managed infrastructure services market size has grown rapidly in recent years. It will grow from $108.39 billion in 2023 to $120.74 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. The growth in the historic period can be attributed to digital transformation initiatives, increasing complexity of IT environments, focus on cost optimization, rise in cybersecurity concerns, shift towards managed cloud services.

The managed infrastructure services market size is expected to see rapid growth in the next few years. It will grow to $183.81 billion in 2028 at a compound annual growth rate (CAGR) of 11%. The growth in the forecast period can be attributed to rapid adoption of hybrid and multi-cloud environments, focus on digital innovation and agility, growing complexity of IT security landscape, expansion of edge computing, focus on sustainable IT practices. Major trends in the forecast period include automation and AI-driven operations, shift towards outcome-based pricing models, convergence of managed services and devOps practices, focus on security-as-a-service, expansion of edge computing services.

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Managed Infrastructure Services Market Major Segments
The managed infrastructure services market covered in this report is segmented -
1) By Service Type: Remote System Management And Monitoring, Disaster Recovery And Business Continuity Service, Information Security Audits And Assessment, Other Service Type
2) By Deployment Type: On-premise, Cloud
3) By End-User: Banking, Financial Services, And Insurance (BFSI), Healthcare, Manufacturing, Information Technology And Telecommunications, Defense And Government, Retail, Energy And Utilities, Other End-Users

Key Driver - Rising Expansion Of Cloud-Based Technology Driving Growth In The Managed Infrastructure Services Market

The increasing expansion of cloud-based technology is expected to propel the growth of the managed infrastructure services market going forward. Cloud-based technology refers to computing services, resources, and applications delivered over the internet. Cloud technology eliminates the need for organizations to invest heavily in physical infrastructure, maintenance, and operational costs. Managed infrastructure services leverage cloud-based technology to automate and manage scalable, flexible, and resilient IT infrastructure solutions for clients, optimizing operations and enabling focus on core business objectives. For instance, in December 2023, according to Eurostat, a UK-based intergovernmental organization, 45.2% of EU enterprises purchased cloud computing services to host their email systems, store electronic files, and accomplish other tasks. EU enterprises' purchasing of cloud computing services increased by 4.2% in 2023 compared to 2021. Moreover, approximately 44% of conventional small businesses utilize cloud infrastructure or hosting services, whereas 66% of small tech companies and 74% of enterprises use cloud services. Therefore, the increasing adoption of cloud-based technology is driving the growth of the managed infrastructure services market.

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Prominent Trend - Adoption Of Managed Cloud Services For Enhanced Infrastructure Management
Major companies operating in the managed infrastructure services market are developing innovative solutions, such as managed cloud services, to gain a competitive edge. Managed cloud services refer to comprehensive IT solutions provided by third-party service providers to manage and optimize their clients' cloud-based infrastructure, platforms, applications, and services. For instance, in October 2023, Rackspace Technology Inc., a US-based cloud computing company, launched Rackspace Managed Cloud (RMC), a new solution for managing multi and hybrid cloud environments. This comprehensive service is powered by the Rackspace cloud management platform, which helps manage the complete lifecycle of various cloud components. RMC aims to revolutionize multi- and hybrid cloud management by providing a fully managed service that simplifies the complexities of cloud operations, allowing organizations to focus on their core business activities. This solution offers a range of benefits, including reduced operational costs, improved scalability, enhanced security, and increased agility in adopting new technologies.

Managed Infrastructure Services Market Players
Major companies operating in the managed infrastructure services market are Amazon.com Inc., Alphabet Inc., Microsoft Corporation, Verizon Communications Inc., AT&T Inc., Deutsche Telekom AG, Dell Technologies Inc., Accenture* plc, International Business Machines Corporation, Cisco Systems Inc., Fujitsu Limited, Canon Inc., Hewlett Packard Enterprise Company, Toshiba Corporation, Tata Consultancy Services Limited, Telefonaktiebolaget LM Ericsson, Nokia Corporation, Cognizant Technology Solutions Corporation, Ricoh Company Ltd., DXC Technology Company, Atos SE, Konica Minolta Inc., Xerox Corporation, Lexmark International Inc., Citrix Systems Inc

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Largest And Fastest Growing Region In The Market
North America was the largest region in the managed infrastructure services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the managed infrastructure services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Managed Infrastructure Services Market Report Structure
3. Managed Infrastructure Services Market Trends And Strategies
4. Managed Infrastructure Services Market - Macro Economic Scenario
5. Managed Infrastructure Services Market Size And Growth
…..
27. Managed Infrastructure Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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