by The global Remote Infrastructure Management Market is estimated to be valued at US$ 42.03 Bn in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The Remote Infrastructure Management market deals with management of IT infrastructure of organizations remotely. This includes monitoring servers, storage, networking components and other devices across multiple locations. Remote infrastructure management provides advantages like centralized monitoring and management of infrastructure, early fault detection, better performance and lower operational costs. With growing digitalization and focus on core business activities, organizations are increasingly adopting remote infrastructure management solutions to efficiently manage their IT operations.
Market key trends:
One of the key trends in the remote infrastructure management market is growing demand for automated IT infrastructure management systems. Traditionally, IT infrastructure management was a manual and labor intensive process. However, with the proliferation of technologies like AI, ML and analytics, infrastructure management solutions now offer various automated capabilities. Automated fault detection and resolution, predictive maintenance, self-healing and auto-scaling of resources are some of the features driving increased adoption of automated infrastructure management. This is helping organizations improve operational efficiency, reduce downtime and optimize resource utilization. Growing complexity of IT environments is also propelling demand for advanced automated solutions in the market.
Porter’s Analysis
Threat of new entrants: The threat of new entrants in the Remote Infrastructure Management market is medium. Due to the presence of large players globally, it requires high initial investments and resources for new players to enter the market.
Bargaining power of buyers: The bargaining power of buyers is high due to the availability of various solution providers in the market. Buyers can select providers based on service offerings, pricing and quality of service.
Bargaining power of suppliers: The bargaining power of suppliers is low as there are many software and service providers supplying to this market. Switching costs are also low for buyers.
Threat of new substitutes: Substitutes threat is medium as several managed services are available in the market that can meet customer requirements.
Competitive rivalry: The competitive rivalry in the market is high due to presence of major global and regional players offering similar remote infrastructure management services.
Key Takeaways
The Global Remote Infrastructure Management Market is expected to witness high growth, exhibiting CAGR of 8.6% over the forecast period 2023 to 2030, due to increasing need for optimization of IT infrastructure and reduce costs.
North America is expected to dominate the market during the forecast period attributed to developed IT infrastructure and presence of major players in the region. Asia Pacific is expected fastest growing market due to increasing digital transformation across industries in the region.
Key players operating in the Remote Infrastructure Management market are Capgemini, Tata Consultancy Services Limited, HCL Technologies Limited, Fujitsu, Sensiple, Nityo Infotech, Locuz, CtrlS Datacenters Ltd, Cybage Software Pvt. Ltd, Sensible, and Cerebra Integrated Technologies Ltd. Capgemini employs approximately 30,000 remote infrastructure management experts to help organizations transform IT operations and leverage next-generation technologies.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
