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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Impact of COVID-19 on Managed IT Infrastructure Services Market:
- The COVID-19 pandemic has acted as a catalyst for the development of automation technologies by global companies, especially in the area of drones for the purpose of surveillance and medicine delivery, IT industry.
- The unprecedented economic impact of COVID-19 on demand and supply, along with implications on geopolitics, and globalization, will influence the future of automation.
- The coronavirus pandemic may drive enhancement of automation, digitalization, and artificial intelligence (AI) in the automobile sector in post COVID era to improve resilience to future pandemics.
- In a situation like this, automation and robotics could reduce dependence on human labor and increase productivity, preventing the chances of future plant shutdowns. In addition to this, IoT, AI, and digitalization will become extremely relevant going forward and are going to define the new way of working. This lockdown provides us an opportunity to adopt these new trends, thus increasing the opportunities for the managed IT infrastructure services market in the upcoming 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.
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Key benefits of the report:
- This study presents the analytical depiction of the global managed IT infrastructure services industry 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 global managed IT infrastructure services market share.
- The current market is quantitatively analyzed to highlight the global managed IT infrastructure services market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global managed IT infrastructure services market analysis depending on competitive intensity and how the competition will take shape in coming years.
Key Market Players:
Dell Technologies Inc., DXC Technology Corporation, Hewlett Packard Enterprise, International Business Machines Corporation, Accenture Plc, Cisco Systems Inc., Lenovo Group Limited, Happiest Minds Technologies, Fujitsu Limited, Telefonaktiebolaget LM Ericsson.
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