Managed IT Infrastructure Services Market Size Projected To Reach $204.81 Billion By 2034 With A Cagr Of 11.6%

The Managed IT Infrastructure Services Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Managed IT Infrastructure Services Market?
In the recent past, there has been a swift expansion in the size of the managed IT infrastructure services market. The market size is projected to surge from $119.17 billion in 2024 to $132.19 billion in 2025, with a compound annual growth rate (CAGR) of 10.9%. Factors such as the growing complexity of IT environments, emphasis on cost optimization tactics, focus on central competencies, heightened awareness around cybersecurity, and a need for scalability and adaptability have been intrinsic to the growth during the historical period.

A significant increase is projected in the size of the managed IT infrastructure services market over the coming years. It's anticipated to surge to $204.81 billion by 2029, with a compound annual growth rate (CAGR) of 11.6%. This predicted growth within the forecast period is due to the expansion of edge computing, the adoption of cloud services, regulatory adherence needs, and improvements in data governance and management, along with changes brought about by the pandemic. The forecast period is also expected to see certain trends such as increased access to genetic testing, heightened emphasis on preventative measures, tailoring of treatment methods, advancements in non-invasive screening, and the introduction of supportive therapies.

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What Are the Different Managed IT Infrastructure Services Market Segments?
The managed IT infrastructure services market covered in this report is segmented -

1) By Service Category: Virtualization, Networking, Storage, Servers
2) By Deployment Mode: On-Premises, Cloud
3) By Enterprise Size: Small And Medium Enterprises, Large Enterprises
4) By End User: IT And Telecommunication, Retail, Transportation And Logistics, BFSI (Banking, Financial Services, And Insurance), Manufacturing, Other End Users

Subsegments:
1) By Virtualization: Server Virtualization, Desktop Virtualization, Application Virtualization
2) By Networking: Managed Network Services, Network Security Services, WAN Optimization Services
3) By Storage: Managed Storage Solutions, Backup And Disaster Recovery Services, Cloud Storage Solutions
4) By Servers: Managed Server Hosting, Server Maintenance And Support, Dedicated Server Services

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What Are the Primary Drivers Shaping the Managed IT Infrastructure Services Market?
The managed IT infrastructure services market is anticipated to grow due to the rising uptake of the Internet of Things (IoT). IoT refers to a system encompassing interconnected mechanical and electronic devices, and computers, each possessing a unique identity, allowing for data transfer without human intervention. Managed IT infrastructure services offer solutions like scalable software infrastructure, device control, data management, and boosted security for these IoT systems. Ericsson, a Swedish telecommunications company, reported that worldwide IoT connections amounted to 13.2 billion in September 2022, which will potentially surge by 18%, reaching 34.7 billion by 2028. Thus, the burgeoning acceptance of IoT is fueling the managed IT infrastructure services market's expansion. Rapid incorporation of cloud services is anticipated to further fuel the expansion of the managed IT infrastructure services market. These services amalgamate storage, computation, and networking to facilitate dynamic scaling and rapid application development. As these services provide access to larger international markets, ensure scalability, lower costs, simplify access to experts, and allow more focus on core business development, they have grown increasingly popular. Google's 2022 State of DevOps Report stated that the number of users employing numerous public clouds increased from 21% in 2021 to 26% in 2022, and the use of hybrid clouds grew from 25% to 42.5%. Hence, the increasing incorporation of cloud services boosts the growth of the managed IT infrastructure services market.

Which Companies Are Leading in the Managed IT Infrastructure Services Market?
Major companies operating in the managed it infrastructure services market report are Microsoft Corporation, Verizon Communications Inc., AT&T Inc., Dell Inc., Lenovo Group Ltd., accenture* PLC, International Business Machines Corporation, Cisco Systems Inc., Fujitsu Limited, Canon Inc., Hewlett Packard Development Company L.P., Toshiba Corp., Tata Consultancy Services Ltd., Telefonaktiebolaget LM Ericsson, Nokia Corporation, NEC Corporation, Capgemini America Inc., NTT Ltd., Cognizant Technology Solutions Corp., Infosys Limited, DXC Technology Corporation, Atos SE, Wipro Ltd., HCL Technologies Limited, CGI Group Inc., Xerox Holdings Corp., Rackspace Inc., LTIMindtree Limited, Unisys Corporation, Cybernet Software Systems Inc., Happiest Minds Technologies Limited

What Are the Major Trends Shaping the Managed IT Infrastructure Services Market?
Leading entities in the managed IT infrastructure services market are channeling their resources towards creating novel solutions, such as cloud-based managed security services, to increase their market share and earnings. These cloud-based managed security services employ safety measures delivered and managed through the cloud to safeguard crucial infrastructure and data from cyber threats. For instance, in February 2022, Juniper Networks Inc., a US-based networking products company, launched Juniper Secure Edge, a cloud-based security service. This new service allows businesses to secure their distributed workforce by providing firewall-as-a-service (FWaaS) through a unified software architecture. Its distinctive features include unified policy administration through a single-user interface for all security uses, flexible zero-trust segmentation, investment protection, integration with any identity provider, and affirmed security effectiveness. Secure Edge maintains a uniform security policy framework, adapting policies according to emerging threats and continuously protecting users. It also provides automated access limitations to employees and external contractors via detailed policy management.

Cutting-Edge AI-Based Managed Services Boost IT Infrastructure Management Efficacy

Leading players in the managed IT infrastructure services market are directing their focus on creating unique solutions like AI-powered managed services, providing organizations with dependable and cost-effective solutions for managing their IT infrastructure proficiently. AI-driven managed services refer to the delegation of IT tasks and operations to third-party service providers using artificial intelligence to mechanize routine tasks, augment effectiveness, and refine service delivery across business operations. For instance, in July 2024, Happiest Minds Technologies Limited, an India-based IT service company, introduced WATCH360, an extensive AI-integrated managed service offering, fashioned to help organizations manage their IT infrastructure in an efficient manner. This service provides round-the-clock IT management, leveraging machine learning to provide real-time insights and automation, boosting operational effectiveness and minimizing costs. The significance of WATCH360 lies in its capability to function as a one-stop solution for all IT requirements, including data centres, public clouds, and branch infrastructure, ultimately establishing a sturdy and secure customer environment.

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What Are the Top Revenue-Generating Geographies in the Managed IT Infrastructure Services Market?
North America was the largest region in the managed IT infrastructure services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the managed it infrastructure services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Managed IT Infrastructure Services Market?
2. What is the CAGR expected in the Managed IT Infrastructure Services Market?
3. What Are the Key Innovations Transforming the Managed IT Infrastructure Services Industry?
4. Which Region Is Leading the Managed IT Infrastructure Services Market?

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