IT Infrastructure Services Market : Revenues to Go Up In The Forthcoming Years (SARS-CoV-2, Covid-19 Analysis)

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IT Infrastructure Services Market

The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on IT Infrastructure Services Market. The growth sectors of the IT Infrastructure Services Market are identified with precision for a better growth perspective.

The global IT infrastructure services market is expected to reach USD 120.15 billion by 2025, registering a CAGR of 11.1% during the forecast period 2019–2025. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the market in the coming years.

Growing need to manage IT infrastructure cost effectively and need for better returns on investment after deploying the solution is driving the overall IT infrastructure services market. IT infrastructure services are offered by various technology service providers who manage the IT infrastructure, including network, server, and storage effectively. These services include both professional as well as managed ones. Professional services include consulting, planning integration & implementation as well as maintenance services. With the growing complexity in managing IT infrastructure, and lack of skilled personnel to manage various network and cloud infrastructures, enterprises all of sizes are looking for IT infrastructure services. Vendors operating in this market, therefore, need to offer advanced infrastructure services in order to effectively serve the need of the enterprises. Some of the key IT infrastructure services offered by vendors include network management service, enterprise system management, and IT security management.

The adoption of IT Infrastructure Services is specifically increasing across healthcare, manufacturing, consumer goods and BFSI industry vertical. Companies operating across these verticals are demanding cost-effective and comprehensive services that effectively caters their IT infrastructure requirement.

Segmental Analysis

The global IT infrastructure services market has been segmented on the basis type, service type, organization size, vertical and region

Based on the type, the IT infrastructure services market has been segmented into network management service, enterprise system management, IT security management, virtualization solutions, data center consolidation services, and others. The network management service segment accounted for the largest share in 2018. However, the IT management security service segment is expected to register the highest CAGR. The network management services include vulnerability assessment, traffic, and bandwidth management, among others. Enterprises of all sizes are looking for efficient network management services, thereby increasing the demand for such services. The IT security services segment is expected to grow at highest CAGR due to amendments in security regulation (e.g. GDPR and the upcoming CCPA) is expected to be the key reason driving the demand for IT security services.

Based on service type, the market has been segmented into consulting, planning integration & implementation, maintenance and managed services. The planning integration and implementation services segment held the highest share in 2018. It is driven by growing demand for such services from enterprises of all sizes. Managed services are expected to have fastest CAGR during the forecast period. Enterprises across manufacturing, healthcare, automotive are shifting towards managed services, thereby driving the demand for such services.

Based on organization size, the IT Infrastructure Services market has been divided into small- & medium-sized enterprises and large enterprises. Large enterprises, specifically in industry verticals like healthcare and manufacturing are significantly switching to various IT infrastructure services to manage their IT requirements.

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