Jan 25, 2021 (The Expresswire) -- Global Managed Infrastructure Services Market research report provides a Point-by-Point In-Depth analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.
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Managed Infrastructure Services Market competition is assessed by top manufacturers, with production, price, revenue (value), and market share for each manufacturer. It offers a complete evaluation of every area including the volume of the global Managed Infrastructure Services market in that area in the estimated duration. This well-drafted report entails the existing market status, historical data, and projection outlook. A detailed segmentation analysis of the market is done on regions, types, and applications in the report. The report tracks primary trends that decide future growth prospects in the global market.
Managed Infrastructure Services Market Report Overview includes major players of the global Managed Infrastructure Services Market covered in the research study, research scope, Market segments by type, Market segments by application, years considered for the research study, and objectives of the report.The research report explores the Managed Infrastructure Services market across the globe shows industry summary, definition, and scope along with major regions and countries. The research report provides a detailed study on each and every aspect of Managed Infrastructure Services Market. Furthermore, the research study classifies the market based on product types, application and end user industries of Managed Infrastructure Services.
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 and recovery, network monitoring and 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 and 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 and 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 organizationÃ¢â¬â¢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 and 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.
September 2017 - Wipro became the official technology partner to McLaren Technology Group to help drive digitalization across its businesses. With this partnership Wipro is expected to help McLaren achieve its defined IT strategy.
September 2017 - Wipro was awarded a seven-year contract by the European energy company, Innogy SE, to manage its data center and cloud services. Wipro is expected to help the company, which focuses on renewables, grid and infrastructure, and retail, to rationalize, virtualize, and consolidate its IT infrastructure
February 2017 - IBM acquired Agile 3 Solutions, a software company that created security analytics dashboard, enabling C-suite executives with limited technical knowledge to understand security alerts.
The major players include - FUJITSU LTD, CISCO SYSTEMS INC., IBM, HEWLETT-PACKARD, MICROSOFT CORPORATION, DELL TECHNOLOGIES INC., NOKIA SOLUTIONS AND NETWORKS, ACCENTURE PLC, amongst other.
Reasons to Purchase this Report
The future prospect of the managed infrastructure services market and opportunities
Analyzing various perspectives of the market with the help of PorterÃ¢â¬â¢s five forces analysis
Regional analysis of the market
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in Excel)
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Covered in this report
The Report Covers the Present Scenario and the Growth Prospects of the Global Managed Infrastructure Services Market for 2021-2024. To calculate the market size, the report considers new installations or sales and subscription payments of Managed Infrastructure Services.
The market is divided into the following segments based on geography:
Global Managed Infrastructure Services Market 2021-2024, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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