Press release
Transforming IT Management: The Rise of Automated Infrastructure Solutions
According to The Business Research Company's, The automated infrastructure management solution market size has grown rapidly in recent years. It will grow from $1.50 billion in 2023 to $1.69 billion in 2024 at a compound annual growth rate (CAGR) of 12.7%. The growth in the historic period can be attributed to increasing complexity of IT infrastructure, growing need for data organizations, increasing data flow and optimize the utilization of IT resources, increasing complexity of network infrastructure, urbanization and development of smart cities.
The automated infrastructure management solution market size is expected to see rapid growth in the next few years. It will grow to $2.76 billion in 2028 at a compound annual growth rate (CAGR) of 13.0%. The growth in the forecast period can be attributed to high investments in upgrading the data centers, rise in the development of the colocation and hyperscale data centers, adoption of cloud-based solutions, government's support in the form of tax benefits, surge in data traffic and connectivity requirements. Major trends in the forecast period include digital and technological transformation progress, product innovation, rise of technologies such as cloud computing, adopting advanced technologies, advancing their infrastructures at minimal costs.
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Market Drivers and Trends:
The development of colocation and hyperscale data centers is expected to propel the growth of the automated infrastructure management solutions market in the future. Colocation data centers offer shared infrastructure for multiple organizations to house their servers. In contrast, hyperscale data centers are massive facilities designed by tech giants to accommodate the enormous scale and high-demand requirements of cloud computing and online services. The development of data centers is due to the increasing demand for digital services, cloud computing, big data analytics, and the Internet of Things (IoT). Data centers use automated infrastructure management solutions to efficiently monitor, track, and optimize the utilization of resources such as power, cooling, and network connectivity. For instance, in April 2022, according to CBRE Group Inc., a US-based commercial real estate services company, direct investment in the Asia-Pacific data center sector in 2021 totaled $4.8 billion, more than double the previous high of $2.2 billion in 2020. Therefore, the rise in the development of colocation and hyperscale data centers is driving the growth of the automated infrastructure management solutions market.
Major companies operating in the automated parcel delivery terminals market are innovating smart parcel-picking solutions to improve efficiency and meet customer demand for convenient parcel handling. Smart parcel-picking solutions refer to automated systems and technologies designed to streamline the process of selecting and retrieving parcels from storage locations within parcel delivery terminals or warehouses. For instance, in October 2022, Smart Robotics, The Netherlands-based that specializes in warehouse automation, launched smart parcel picker. It is a cutting-edge robot designed to depalletize and unload various parcel containers. This innovative solution aims to enhance efficiency and agility by automating tasks that are physically straining and repetitive for warehouse employees. The smart parcel picker offers high-speed and versatile picking capabilities, outperforming other similar robots in the market. This robotic system integrates seamlessly with existing Warehouse Management Systems, minimizing disruptions and improving productivity.
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Major Key Players of the Market:
Microsoft Corporation, HP Inc., IBM Corporation, Cisco Systems Inc., Schneider Electric SE, Broadcom Inc., Fujitsu Limited, TE Connectivity Ltd., Nexans Network Solutions NV, Anixter International Inc., CommScope Holding Company Inc., Furukawa Electric Co. Ltd., Rittal GmbH & Co. KG, Yash Technologies Private Limited, Panduit Corporation, Progress Software Corporation, The Siemon Company, PagerDuty Inc., RiT Tech Ltd., Fiber Mountain Inc., CA Technologies Inc., Reichle & De-Massari Holding AG, Metz Connect Holding GmbH, Ivanti International Limited, DICEUSAS UAB
Automated Infrastructure Management Solutions Market 2024 Key Insights:
• The automated infrastructure management solution market size is expected to see rapid growth in the next few years. It will grow to $2.76 billion in 2028 at a compound annual growth rate (CAGR) of 13.0%.
• Colocation And Hyperscale Data Centers Fueling Automated Infrastructure Management Solutions Market
• Companies Leverage Suite Of Infrastructure Management Tools To Drive Competitive Advantage
• North America was the largest region in the automated infrastructure management solutions market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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