Global Managed Infrastructure Services Market - Segmented by Services (Desktop and Print Services, Servers, Inventory), Deployment Mode (On-premise, Cloud), End-user Verticals (Telecommunication and IT, BFSI, Retail), and Region - Growth, Trends, and Forecast (2018 - 2023)
The Global managed infrastructure services market is expected to register a CAGR of 9.16% during the forecast period (2018 - 2023). The report is segmented on the basis of services into function data backup & recovery, network monitoring & security, human resource, system management, and others, on the basis of deployment mode into on-premise and cloud, and on the basis of end-user verticals into telecommunication & IT, BFSI, retail, automotive, healthcare, manufacturing, and others. The regions considered in the report include North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The study also emphasizes the benefits of managed infrastructure services with respect to diverse industries and the future prospect of the same.
Managed infrastructure services are important for the clients who are involved in extensive outsourcing to other cities within or outside the country, they help the company to reduce its operating costs. Business operational efficiency is the key to any organization’s growth. This can be achieved by streamlining processes that can help in enhancing customer satisfaction and, in turn, help in focusing more on key revenue generating businesses. Firms are adopting various strategies to achieve these goals, this is expected to fuel the managed infrastructure services market. Managed services model is one such way to achieve this, which is the practice of outsourcing daily management responsibilities and functions as a strategic method for improving business operations and cutting down unnecessary expenses. These services could include outsourcing HR activities, lifecycle build, or maintenance activities, as well as production support activities.
Rising Focus on Core Competencies
Small and medium scale companies have tight funds to invest for their business owing to which they prefer to outsource a few components of the business, including IT infrastructure. In-house IT infrastructure including, installation data centers, may cost high and cause a diversion from core competencies to stabilize the investments. Thereby, giving rise to the adoption of outsourcing data center services by various organizations as well as propelling the managed data center services market growth over the forecast period. Furthermore, the need for IT infrastructure coupled with rising expenditure in information technology is projected to propel the managed information service market growth over the forecast period.
Cloud to Exhibit the Highest Growth
The end-user verticals, such as BFSI and retail, are moving towards cloud storage as it is more convenient and gives higher security than the conventional method. The increasing adoption of cloud services across the globe is expected to have a positive impact on the market growth. The companies from various industries, including energy & power, are rigorously investing in the cloud-based infrastructure for the better management and sharing of data. In 2017, the usage of Microsoft Azure increased from 26% to 43% owing to rising adoption of AWS from 56% to 59% which is likely to boost the utilization of cloud-based data centers, thereby, propelling the market growth.
Asia-Pacific to Have the Highest Growth
The stringent data regulations in BFSI sector coupled with the increasing number of enterprises is expected to have a positive impact on the market growth. In addition, the increasing number of cloud service providers in the region is projected to propel the industry. The demand and availability of colocation are high in China and India, thereby, is driving the market of the region at a fast pace over the forecast period.