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System Infrastructure Software Global Market Expected to hit $300.73 Billion with a CAGR of 12.0% by 2028 | Apple Inc., Google LLC, Intel Corporation, Cisco Systems Inc., Oracle Corporation
System Infrastructure Software Market
According to The Business Research Company's, The system infrastructure software market size has grown rapidly in recent years. It will grow from $170.96 billion in 2023 to $190.92 billion in 2024 at a compound annual growth rate (CAGR) of 11.7%. The growth in the historic period can be attributed to the early adoption of IT infrastructure, the rise of cloud computing, rapid growth in data volumes, the rise in digital transformation initiatives, growing cybersecurity threats, and data breaches.
The system infrastructure software market size is expected to see rapid growth in the next few years. It will grow to $300.73 billion in 2028 at a compound annual growth rate (CAGR) of 12.0%. The growth in the forecast period can be attributed to the expansion of edge computing infrastructure, widespread adoption of container orchestration platforms, adoption of hybrid and multi-cloud strategies by enterprises, growing emphasis on sustainability and energy efficiency, evolving regulatory landscape, and data privacy regulations. Major trends in the forecast period include the integration of AI and machine learning capabilities, adoption of serverless computing architectures, adoption of microservices architecture, adoption of automation and orchestration technologies, integration of quantum computing technologies, and integration of infrastructure software solutions.
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Market Drivers and Trends:
Increasing adoption of cloud services is expected to propel the growth of the system infrastructure software market going forward. Cloud services refer to a range of services delivered over the internet, allowing users to access and utilize computing resources without needing on-premises infrastructure or management. The surge in cloud services is due to the increasing demand for scalable, flexible, and cost-effective computing solutions by businesses and organizations seeking to modernize their IT infrastructure. Cloud services offer scalable, flexible infrastructure software solutions, enabling enterprises to efficiently manage and deploy system resources without requiring extensive hardware investment or maintenance. For instance, in December 2023, Eurostat, a Luxembourg-based governmental organization of the European Union operating as the statistical office, reported that in 2023, the adoption rate of cloud computing services among small and medium-sized enterprises grew to 59%, up from 53% in 2021. Therefore, the increasing adoption of cloud services is driving the growth of the system infrastructure software market.
Major companies operating in the system infrastructure software market are focusing on advanced artificial intelligence for IT Operations (AIOps)-based solutions to increase profitability in the market. AIOps technology combines artificial intelligence (AI) and machine learning (ML) algorithms with big data analytics to automate and enhance system infrastructure management and operations. For instance, in May 2023, NTT Ltd., a Japan-based IT infrastructure and services company, launched a Sentient Platform for Network Transformation called SPEKTRA, a part of the system infrastructure software. SPEKTRA leverages advanced technologies such as AIOps, predictive analytics, and automation to enhance network performance, reliability, and operational efficiency. This platform is designed to offer customers a clear pathway towards network transformation, making it an integral component of the system infrastructure software. It incorporates cloud and edge capabilities, advanced anomaly detection, and broader service level metrics to meet evolving customer demands.
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Major Key Players of the Market:
Apple Inc., Google LLC, Microsoft Corporation, Dell Technologies Inc., Amazon Web Services Inc., Intel Corporation, The Hewlett Packard Enterprise Company, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Broadcom Inc., SAP SE, Salesforce.com Inc., Adobe Inc., ServiceNow Inc., NetApp Inc., Palo Alto Networks Inc., Juniper Networks Inc., Fortinet Inc., Akamai Technologies Inc., Citrix Systems Inc., F5 Networks Inc., Splunk Inc., BMC Software Inc., Nutanix Inc.
System Infrastructure Software Market 2024 Key Insights:
• The system infrastructure software market size is expected to see rapid growth in the next few years. It will grow to $300.73 billion in 2028 at a compound annual growth rate (CAGR) of 12.0%.
• Cloud Services Fuels Growth In The System Infrastructure Software Market
• Advanced Technologies Shaping The System Infrastructure Software Market
• North America was the largest region in the system infrastructure software 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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