According to a recent research report by Market Research Future, “Global IT Infrastructure Services Market information by Type, by Service Type, by Organization Size and Region – Forecast to 2027” the market for IT Infrastructure services is expected to expand at a 11 percent CAGR, and will reach $120 billion by the end of 2025.
Market Research Future defines IT infrastructure or information technology infrastructure as the combined components required to operate and manage IT environments and IT services. These components are made up of data storage, operating systems, networking software, and hardware, that are used for delivering IT solutions and services.
According to the Market Research Future report, there are numerous factors that are propelling the global IT infrastructure services market growth. Some they specifically identified were:
•the growing need to manage IT infrastructure cost-effectively
•the need for improved returns on investment after deploying the solution
•the growing adoption of IT infrastructure services across different verticals specifically BFSI, consumer goods, manufacturing, and healthcare,
•an increase in IT infrastructure spending, and the growing popularity of cloud-based software
They also reported additional drivers as:
•rising concern to automate business processes,
•growing need to limit expenses related to hardware acquisition
•deployment of on-premises cloud services
•the need to offer value-added and high-margin services like managed hosting
Market Research Future did note that security issues likely to face an organization, and security related regulations imposed by governments have the potential to limit the global IT infrastructure services market growth over the forecast period.
Segmentation of Market covered in the research
The Market Research Future report highlights an inclusive analysis of the global IT infrastructure services market based on vertical, organization size, service type, and type.
By type, the global IT infrastructure services market is segmented into data center consolidation services, virtualization solutions, IT security management, enterprise system management, network management service, and others. Of these, the network management service segment will lead the market over the forecast period. Meanwhile the IT security service will grow at the highest CAGR. They cite an increasing need for network management services by mid-size and large enterprises across different verticals such as healthcare, automotive, manufacturing, and BFSI.
By service type, the IT infrastructure services market is segmented into managed, maintenance, planning integration and implementation, and consulting. Of these, the predict that the managed service segment will dominate the market over the forecast period at a high CAGR. They attribute this to the growing requirements among enterprises for managing IT infrastructure within the stipulated budget, coupled with the requirement to focus on core business areas, thus adding to the growth of the segment.
By organization size, the IT infrastructure services market is segmented into large enterprises and small and medium sized enterprises. Of these, the large enterprises segment will lead the market over the forecast period as it occupies the larger share in different industries like BFSI and healthcare.
By vertical, the IT infrastructure services market is segmented into manufacturing, BFSI, government, healthcare, IT and telecommunication, retail and consumer goods, chemicals, automotive, and others. Of these, the healthcare industry will have the largest share of the market over the forecast period and at a high CAGR.