Steady Expansion Forecast for Managed IT Infrastructure Services Market, Projected to Reach $205.76 Billion by 2029

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What Will the Managed IT Infrastructure Services Industry Market Size Be by 2025?
The market size for managed IT infrastructure services has seen a swift expansion in the past years. The projection is that it will increase from $119.17 billion in 2024 to $132.18 billion in 2025, marking a compound annual growth rate (CAGR) of 10.9%. Factors contributing to the historical growth include heightened complexity of IT settings, strategies to optimize costs, emphasis on core skills, growing concerns regarding cybersecurity, as well as the need for scalability and flexibility.

What's the Long-Term Growth Forecast for the Managed IT Infrastructure Services Market Size Through 2029?
In the coming years, the managed IT infrastructure services market is projected to experience swift expansion. It's predicted to reach a valuation of $205.76 billion in 2029, with a compound annual growth rate (CAGR) of 11.7%. Factors anticipated to fuel this growth during the forecast period include the progression of edge computing, the adoption of the cloud, regulatory compliance demands, data governance and management, as well as alterations brought about by the pandemic. Key trends to be observed during this forecast period include improved accessibility to genetic testing, an increase in preventative measures, the development of personalized treatment techniques, advancement in non-invasive screening and the rise of supportive therapies.

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What Are the Key Growth Drivers Fueling the Managed IT Infrastructure Services Market Expansion?
The surge in the uptake of the Internet of Things (IoT) is anticipated to fuel the expansion of the managed IT infrastructure services market in the future. IoT constitutes a network system of interconnected computational devices, mechanical and electronic equipment with unique identifiers (UIDs), and the capability of transferring data without necessitating human-to-human or human-to-computer interaction. Managed IT infrastructure services facilitate handling the expandability and intricacy of IoT infrastructure by providing scalable software infrastructure, enhanced security, device administration, and data management for IoT environments. For example, a September 2022 report by Ericsson, a telecommunications company based in Sweden, revealed that global IoT connections had hit 13.2 billion in 2022 and were predicted to soar by 18% to 34.7 billion connections by 2028. As a result, the escalation in the Internet of Things (IoT) adoption is catalyzing the managed IT infrastructure services market's expansion.

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What Are the Key Trends Driving Managed IT Infrastructure Services Market Growth?
Leading firms in the managed IT infrastructure services market are concentrating on creating unique solutions like cloud-based managed security services to increase their market revenue. Cloud-based managed security solutions involve the use of security technologies and services, delivered and managed via the cloud, to defend essential infrastructure and data from cyber threats. For example, in February 2022, Juniper Networks Inc., a US-operated network product developer and marketer, launched the Juniper Secure Edge, a security solution delivered through the cloud. This solution allows enterprises to safeguard their workforce, wherever they may be, by providing firewall-as-a-service (FWaaS) using a single-stack software architecture. The main features of this solution include a unified policy management from a single user interface (UI) for all security use cases, dynamic zero-trust segmentation, protection of investments, compatibility with any identity provider, and verified security efficiency. Secure Edge offers a constant security policy structure, with policies that dynamically adjust based on new risks and attack vectors and follow the workers everywhere they go. Granular policy management provides automated access restrictions to employees and external contractors.

How Is the Managed IT Infrastructure Services Market Segmented?
The managed it infrastructure servicesmarket 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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Which Companies Are Leading the Charge in Managed IT Infrastructure Services Market Innovation?
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

Which Regions Are Leading the Global Managed IT Infrastructure Services Market in Revenue?
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

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