Global IT Infrastructure Management Services Market 2023-2030

Global IT Infrastructure Management Services Market 2023-2030

Global IT Infrastructure Management Services Market Size, Share & Trends Analysis Report by Deployment (On Premise and Cloud), by Services (Virtualization, Networking, Storage and Servers), By Enterprise Size (Small and Medium Enterprises and Large Enterprises), and By End-User (BFSI, Retail and Consumer Goods, Manufacturing, Automotive, Healthcare, Government, Transportation & Logistics and Others), Forecast Period (2023-2030)

The global IT infrastructure management services market is anticipated to grow at a considerable CAGR of 6.0% during the forecast period. In a digital economy, IT infrastructure becomes the backbone of the enterprise. Services need to be 24x7x365 in order to deliver seamless internal and external stakeholder experiences. Addionally, market players are showing interest in partenships and collaborations to transform its IT infrastructure, drives the market growth. For instance, in September 2023, Lantmännen Ekonomisk Förening (Lantmännen), a pioneer in agriculture, machinery, bioenergy and food products entered into strategic partnership with Tata Consultancy Services (TCS). As part of this multi-year agreement, TCS will help Lantmännen transform its IT infrastructure and provide digital workplace services.

Segmental Outlook

The global IT infrastructure management services market is segmented based on its product type and application. Based on the deployment, the market is segmented into on premise and cloud. Based on the services, the market is segmented into virtualization, networking, storage and servers. Based on the enterprise size, the market is segmented into SMEs and large enterprises. Further, based on the end-user, the market is segmented into BFSI, retail and consumer goods, manufacturing, automotive, healthcare, government, transportation & logistics and other (oil and gas). Among the end-user segment, the BFSI is anticipated to hold a prominent market share, owing to the ensuring a seamless workflow, enhanced security, compliance, operational flexibility and scalability.

Networking Sub-Segment is Anticipated to Hold a Prominent Share in the Global IT infrastructure management services Market

Among the the services, the networking segment is anticipated to hold a significant market share in the IT infrastructure management services market. The growth of the segment is attributed to increased visibility, improved business growth, and rising adoption for stronger support network. For instance, in May 2022, Nokia announced that its 7750 service routers deployed for team.blue Denmark, part of team.blue Group, a provider of hosting and cloud services to SMEs across Europe. The deployment allowed team.blue to scale its network infrastructure to support rapidly growing services for its 250,000 customers in Denmark.

Regional Outlook

The global IT infrastructure management services market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America).The market can be analyzed for a particular region or country level as per the requirement. Among these, the North American market is anticipated to cater to prominent growth over the forecast period, owing to the growing proliferation of data centers, encouraging market players to establish their independent data infrastructure systems for data processing and storing, and emerging startups in the region, which are creating robust market opportunities.

The Asia Pacific Region is Anticipated to Hold a Significant Share in the Global IT Infrastructure Management Services Market

Among all the region, the Asia Pacific region is expected to grow at a lucrative rate over the forecast period owing to increased spending on infrastructure development, growing investments from foreign players, and favorable government initiatives. In addition, increasing IT expenditure, especially on infrastructure services coupled with rapid economic development across countries such as China, India, South Korea, Japan, among others which are major consumers of these services including IT Infrastructure Management Services. In April 2023, Nokia entered into a partnership with Lightstorm, in India, to supply the latest WDM optical network solutions for Lightstorm’s network expansion into the Eastern and Northern regions of India.. Thorugh this partnership, Lightstorm use Nokia’s C+L Wavelength Division Multiplexing (WDM) optical network products to boost network capacity in the Eastern and Northern regions of India. The deal includes integration and consulting services to assist Lightstorm in deploying Nokia’s latest C+L band WDM optical line system solutions, which also enables protection features to ensure network resiliency in the event of multiple fiber cuts. Recently Lightstorm completed the coverage enhancement.

Market Players Outlook

The major companies serving the global IT infrastructure management services market include Fujitsu Ltd, CSS Corp Pvt Ltd., Dell Technologies, Inc. (Dell EMC), IBM Corp.,, Alcatel-Lucent SA (Nokia Corp.,), Microsoft Corp., Verizon Communications Inc., Cloud Software Group, Inc. (Citrix Systems Inc.), Tata Consultancy Services Ltd, Deutsche Telekom AG, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, In September 2023, Tata Consultancy Services (TCS) has been selected as a strategic partner by Lantmännen Ekonomisk Förening (Lantmännen), a leader in agriculture, machinery, bioenergy and food products. As part of this multi-year agreement, TCS helped Lantmännen transform its IT infrastructure and provide digital workplace services.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global IT infrastructure management services market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.