Rise in demand for cloud applications and application modernization due to the shift toward technological advancements is the major factor that drives the growth of the application infrastructure technologies market. In addition, supportive government initiatives and rapid investment in application infrastructure technologies by small & medium enterprises are expected to supplement the market growth.
However, high cost of software and maintenance acts as the barrier to the market. Furthermore, the demand for technologies, such as VPN, authentication, endpoint security, encryption, and application security, is expected to provide lucrative opportunities for the global application infrastructure technologies market.
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COVID-19 Impact Analysis
- Since the COVID-19 in December 2019, the disease has spread to almost 180+ countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease are already starting to be felt and significantly affected the application infrastructure technology market in 2020.
- Most of the businesses were affected by the COVID-19 pandemic due to the lockdown implemented by governments of many countries. However, during this period, the IT and application infrastructure technologies market have witnessed tremendous growth due to the shift toward digitalization and technological advancements, thereby driving the growth of the market. In addition, the demand for cloud application and application modernization has attracted IT spending from small & medium businesses, which also enhances the growth of the market in the pandemic situation.
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North America is a developed nation, with almost 90% of its residents early adopting the latest technology in the market, which drives the growth of the market. In addition, most of the application infrastructure development companies are present in this region and invest a lot of money on R&D to get an edge over the market, which enhances the growth of the market. Furthermore, banks in this region adopt cloud computing to bring digital transformation, which enhances the growth of the application infrastructure technologies market. For instance, Bank of America entered into a partnership with Microsoft to build application infrastructure technology software to help bring efficiency, reliability, and overall profitability to its business.
Increase in adoption of internet-of-things (IoT) devices in both the enterprise and consumer space drives the growth of the market. In addition, rapid adoption of IoT in small & medium enterprises across the globe enhances the growth of the market. Furthermore, large enterprises and small & medium enterprises look forward to adopting cloud computing and designing new customer centric applications, which propel the growth of the application infrastructure technologies market.
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Key Benefits of the Report
- This study presents analytical depiction of the application infrastructure technologies market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
- The current market is quantitatively analyzed to highlight the application infrastructure technologies market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the application infrastructure technologies industry.
- The report provides a detailed market analysis on the basis of present and future competitive intensity of the application infrastructure technologies market.
Key Market Players:
- Informatica LLC,
- Cisco Systems Inc,
- Fujitsu Limited,
- Microsoft Corporation,
- International Business Machines Corporation
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