IT Infrastructure Services Market Trends, Size, Outlook, Analysis 2024-2033

"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.

IT 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 $167.52 billion In 2028 At A CAGR Of 12.5% :

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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IT Infrastructure Services Market Major Segments
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

Key Driver - Surge In Data Traffic Fuels Growth In The IT Infrastructure Services Market

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.

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Prominent Trend - Innovative Technologies Shaping The IT Infrastructure Services Market

Major companies operating in the IT infrastructure services market focus on developing innovative technologies, such as Artificial Intelligence for IT Operations (AIOps), to sustain their position in the market. AIOps technology combines artificial intelligence (AI) and machine learning (ML) algorithms with big data analytics to automate and enhance various IT infrastructure management and operations aspects. For instance, in May 2023, NTT Ltd., a Japan-based IT infrastructure and services company, launched SPEKTRA (Sentient Platform for Network Transformation), the next generation of its global services platform for NTT Managed Networks solutions. This platform leverages artificial intelligence for IT operations (AIOps), predictive analytics, and automation techniques to create a fully autonomous Network Operations Center (NOC). It incorporates cloud and edge capabilities, advanced anomaly detection, and broader service level metrics to meet evolving customer demands. SPEKTRA introduces cloud and edge features such as SPEKTRA Cloud and SPEKTRA Edge, providing centralized AI-driven automation and advanced connectivity services.

IT Infrastructure Services Market 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

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Largest And Fastest Growing Region In The Market
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.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. IT Infrastructure Services Market Report Structure
3. IT Infrastructure Services Market Trends And Strategies
4. IT Infrastructure Services Market - Macro Economic Scenario
5. IT Infrastructure Services Market Size And Growth
…..
27. IT 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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