What Fueled The Previous Growth In The IT Infrastructure Services Market?
The it infrastructure services market has seen considerable growth due to a variety of factors.
• The IT infrastructure services market has grown rapidly in recent years. It will rise from $104.45 billion in 2024 to $117.82 billion in 2025, at a CAGR of 12.8%.
This growth is driven by the initial adoption of IT infrastructure services by businesses, the rise of cloud computing, the acceleration of digital transformation initiatives, and the rapid increase in data volumes and complexity.
What Can Be Expected from the IT Infrastructure Services Market Size?
The it infrastructure services market is expected to maintain its strong growth trajectory in upcoming years.
• The IT infrastructure services market is projected to experience rapid growth, reaching $188.33 billion by 2029, with a CAGR of 12.4%.
The growth is fueled by the adoption of hybrid and multi-cloud strategies, a focus on sustainability, data privacy regulations, and zero trust security principles. Trends include edge computing, multi-cloud strategies, containerization and microservices architectures, DevOps practices, and AI and machine learning integration.
What Are the Critical Driver Fuelling The IT Infrastructure Services Market's Growth?
The IT infrastructure services market is expected to grow due to the surge in data traffic, driven by the rising use of cloud computing and internet-connected devices. IT infrastructure services ensure robust network connectivity, efficient data transmission, and scalability to manage increasing data volumes. For instance, a report by Ericsson in November 2023 forecasted global mobile data traffic to increase from 130 exabytes per month in 2023 to 403 exabytes per month by 2029. The growing data traffic is, therefore, propelling the IT infrastructure services market.
How Is The IT Infrastructure Services Market segmented?
The IT infrastructure services market covered in this report is segmented –
1) By Type: Network Management Service, Virtualization Security, Enterprise System Management, Information Technology (IT) Security Management, Data Center Visualization Services, Other Types
2) By Organization Size: Small-Sized Enterprises, Medium-Sized Enterprises, Large-Sized Enterprises
3) By End-Use Verticals: Information Technology (IT) And Telecommunication, Public Sector, Retail Sector, Transportation And Logistics, Banking, Financial Services And Insurance (BFSI), Manufacturing
Subsegments:
1) By Network Management Service: Network Monitoring And Optimization, Network Security Management, Network Performance Management, Network Configuration Management, Wireless Network Management, Network Automation Services
2) By Virtualization Security: Virtual Machine Security, Hypervisor Security, Virtualized Environment Monitoring, Endpoint Security In Virtualization, Virtual Network Security
3) By Enterprise System Management: IT Service Management (ITSM), Server And Storage Management, Application Performance Management (APM), End-User Computing Management, Systems Monitoring And Analytics
4) By Information Technology (IT) Security Management: Risk And Compliance Management, Identity And Access Management (IAM), Threat Detection And Response, Data Loss Prevention (DLP), Security Information And Event Management (SIEM), Endpoint Security
5) By Data Center Virtualization Services: Server Virtualization, Storage Virtualization, Network Virtualization, Desktop Virtualization (VDI), Cloud Data Center Virtualization, Virtualized Data Backup And Disaster Recovery
6) By Other Types: Cloud Infrastructure Services, Managed IT Services, IT Consulting And Strategy Services, Disaster Recovery Services, Data Backup And Restoration, Cloud Migration Services
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How Are New Trends Impacting The Size Of The IT Infrastructure Services Market?
Key companies in the IT infrastructure services market are concentrating on the creation of innovative technologies like Artificial Intelligence for IT Operations (AIOps) to maintain their market standing. AIOps technology merges AI and ML algorithms with big data analytics, to automate and upgrade multiple aspects of IT infrastructure management and operations. For example, NTT Ltd., an IT infrastructure and services firm based in Japan, introduced the next progression of its worldwide services platform for NTT Managed Networks Solutions, SPEKTRA (Sentient Platform for Network Transformation) in May 2023. This platform employs AIOps, predictive analytics, and automation methodologies to build a completely self-governing Network Operations Center (NOC). It integrates cloud and edge capacities, progressive abnormality detection, and wide-ranging service level metrics to satisfy changing customer requirements. SPEKTRA includes cloud and edge elements like SPEKTRA Cloud and SPEKTRA Edge that deliver centralized AI-powered automation and enhanced connectivity services.
Who Are the Key Players In The IT Infrastructure Services Market?
Major companies operating in the IT infrastructure services market are:
• Microsoft Corporation
• AT&T Inc.
• Dell Technologies Inc.
• Intel Corporation
• The Hewlett-Packard Company
• International Business Machines Corporation
• Cisco Systems Inc.
• Oracle Corporation
• SAP SE
• Fujitsu Ltd.
• Deutsche Telekom AG
• Salesforce Inc.
• Adobe Inc.
• ServiceNow Inc.
• NetApp Inc.
• Palo Alto Networks Inc.
• Fortinet Inc.
• F5 Networks Inc.
• Splunk Inc.
• Nutanix Inc.
• Alcatel-Lucent S.A
• Neusoft Corporation
• Synoptek LLC
• Rave Technologies Pvt. Ltd.
• Amnet Technology Pte Ltd
What Is The Most Dominant Region In The IT Infrastructure Services Market?
North America was the largest region in the IT infrastructure services market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the IT infrastructure services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
