The 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:
Remote infrastructure management refers to managing and monitoring IT infrastructure and applications from a remote location. It enables organizations to reduce operational costs while improving service quality. Remote infrastructure management services include monitoring and managing servers, storage, databases, virtual machines, network devices and other IT assets located on customer’s premises or in different geographic locations. It provides management of patches, updates, backups and other routine maintenance activities remotely.
Market Dynamics:
The growing deployment of virtualization technologies and cloud-based solutions is driving the need for remote management of IT infrastructure. With cloud computing, infrastructure resources are shared dynamically on-demand, which increases the complexity of managing infrastructure from diverse locations. Remote infrastructure management provides centralized monitoring and control of hybrid infrastructure spread across multiple locations. Additionally, shortage of in-house IT expertise is compelling organizations to outsource infrastructure management to experienced managed services providers (MSPs). This is another factor fueling the remote infrastructure management market growth. Moreover, remote infrastructure management helps reduce operating costs and enhances productivity by automating routine maintenance tasks. It allows organizations to focus more on their core business activities. However, data privacy and security concerns related to remote access and management of infrastructure could hinder the market growth.
Segment Analysis
The remote infrastructure management market is dominated by the service segment. This segment accounts for over 65% share of the overall market owing to the increasing demand for managed infrastructure services among organizations to efficiently manage their IT infrastructure and reduce operational costs. Moreover, the growing service integration with advanced technologies like AI, automation is further boosting the growth of this sub-segment.
PEST Analysis
Political: Stable political environments and supportive regulations around data sovereignty and privacy are driving the growth of remote infrastructure management services globally.
Economic: Cost saving benefits and improving operational efficiency through outsourcing of non-core tasks is a major factor propelling the spend on remote infrastructure management.
Social: Rising digitalization and dependency on smart devices is increasing the data traffic and cloud workload. This is creating the need for optimized infrastructure management.
Technological: Adoption of advanced technologies like AI, automation, IoT in infrastructure management is enhancing the service capabilities and efficiency. Further, innovations in high speed networking is making remote monitoring and management more feasible.
Key Takeaways
The Global Remote Infrastructure Management Market is expected to witness high growth, exhibiting CAGR of 8.6% over the forecast period, due to increasing digital transformation initiatives among enterprises.
Regional analysis
The Asia Pacific region is poised to offer most lucrative opportunities for remote infrastructure management providers during the forecast period. This is attributable to increasing investments in digital infrastructure development projects by governments across Southeast Asia. Countries like China, India, and Japan are emerging as data center hubs in the region on back of supportive initiatives to energize IT sector growth. Additionally, rapid pace of industrialization is augmenting the data center and cloud capacities in the region.
Key players
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. Large players are focusing on expanding their global footprint and service capabilities through strategic partnerships and acquisitions.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
