Managed IT Infrastructure Services Market Research by Industry (BFSI, Healthcare, Telecom, Manufacturing, Retail, Media & Entertainment)

Managed IT infrastructure services is an approach that combines together knowledge, procedures, and technology, which finally power the services that support business processes. Managed IT infrastructure services offer a sound business understanding to deploy or replace existing IT infrastructure. Without clearly defining business goals and process functionalities, selecting the right systems, applications, and technologies that meet business requirement, managed IT infrastructure services drives most of the critical tasks and thereby keeps organizations ahead on the curve of production and competition. It is crucial for organizations to deploy the infrastructure services carefully. Generally, technological infrastructure is the enabling foundation upon which business depends and functions.

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Key Trends in Managed IT Infrastructure Services Market:

  • Shift towards cloud-based infrastructure: With the increasing adoption of cloud-based infrastructure, more businesses are looking for ways to manage their cloud environments. Managed IT infrastructure service providers offer a range of services to help businesses manage their cloud environments, including infrastructure management, security, and compliance.
  • Emphasis on cybersecurity: With the growing number of cyber threats, there is a growing emphasis on cybersecurity. Managed IT infrastructure service providers are increasingly offering cybersecurity services to help businesses protect their IT infrastructure from cyber threats.
  • Adoption of automation and artificial intelligence: As businesses look to streamline their operations and reduce costs, there is a growing trend towards automation and artificial intelligence. Managed IT infrastructure service providers are increasingly offering automation tools and AI services to help businesses manage their IT infrastructure more efficiently.
  • Expansion of services to support multi-cloud environments: As businesses adopt multi-cloud strategies, there is a growing need for managed IT infrastructure service providers to offer services that support multiple cloud environments. Managed IT infrastructure service providers are expanding their services to support multi-cloud environments and provide businesses with a single point of contact for managing their IT infrastructure.
  • Increasing demand for managed security services: With the increasing number of cyber threats and regulations, there is a growing demand for managed security services. Managed IT infrastructure service providers are increasingly offering managed security services to help businesses protect their IT infrastructure and comply with regulations.

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Increasing in adoption of Internet of Things (IoT) technology has boosts managed service providers to offer service which support internet of things increasing growth of the managed IT infrastructure services market. Furthermore, factors such as enhanced business proficiency and focus on core businesses in order to enhance customer satisfaction drives the market of managed IT infrastructure services. Also adoption of advanced technologies such as big data, mobility and cloud computing across different industry verticals is also one of the major drivers of managed infrastructure IT services market. However, lack of skilled personnel and resources to manage the processes involved with managed IT infrastructure services is a major restraint for the market.

Furthermore, data security has always been a concern for any large-scale enterprise, hence managed IT infrastructure services will be widely adopted by enterprises in the forecasted years as it is data compliant. In addition to this, managed IT infrastructure services is important for enterprises that rely on outsourcing to multiple geographic locations as it reduces their operational costs therefore increasing the opportunity for managed IT infrastructure services market during the forecast years.

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Technology constitutes the majority of the IT infrastructure, basic understanding in areas such as software development, data communications along with hardware and software technologies is vast. IT staff should have deep technical knowledge of the systems. This is especially true with the smaller & medium organizations. As a smaller & medium organization is deprive of quality and quantity in terms of manpower, knowing a wide range of different technologies and systems can be difficult for them. Therefore, they reply on managed IT infrastructure services to efficiently run the organization at technological front.

Technological advancement and surge in use of cloud-based technology is boos the demand of managed IT infrastructure market. In the recent years, regular operations of troubleshooting and break-fix of servers are being outsourced to reduce their maintenance cost and attention over IT, so it is allowing the expertise of IT service vendors. Increase in the adoption of digital transformation with cloud, and mobility has led to infrastructure modernization, and the need to keep up with the latest technological enhancements which creates the opportunity for managed IT infrastructure services in forecast period of time.

Key players in the market are Accenture Plc, Cisco Systems Inc., Dell Technologies Inc., DXC Technology Corporation, Fujitsu Limited, Happiest Minds Technologies, Hewlett Packard Enterprise, International Business Machines Corporation, Lenovo Group Limited, Telefonaktiebolaget LM Ericsson.

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