May 27, 2024
Remote Infrastructure Management Market
Ict

Remote Infrastructure Management Is Driven By Increasing Demand For Centralized Monitoring And Control

The global remote infrastructure management market has been gaining significant traction over the past few years owing to the increasing need for centralized monitoring and control to streamline infrastructure operations. Remote infrastructure management enables organizations to monitor, manage and optimize both physical and virtual infrastructure resources from any remote location. It provides real-time visibility into infrastructure performance and health, allowing IT teams to proactively identify issues and resolve them before they impact end users. With remote infrastructure management, organizations can reduce operational costs by centralizing infrastructure monitoring and automating routine management tasks.

The global Remote Infrastructure Management Market is estimated to be valued at US$ 48.42 million in 2024 and is expected to exhibit a CAGR of 1.6%  over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends

One of the key trends gaining traction in the remote infrastructure management market is the increasing adoption of artificial intelligence and machine learning capabilities. Vendors are integrating AI/ML technologies to enable predictive analytics capabilities for their remote infrastructure management platforms. AI-powered predictive analytics helps identify anomalies and issues in the infrastructure and predict failures or downtime before they occur. This allows IT teams to perform preventive maintenance and avoid unplanned downtime. Other emerging trends in the market include growth of cloud-based management platforms and integration of Internet of Things (IoT) technologies to enable remote monitoring of physical infrastructure and assets.

Porter’s Analysis

Threat of new entrants: The threat of new entrants is moderate as it requires substantial investment and resources to provide remote infrastructure management services. However, barriers to entry are low compared to industries like manufacturing.

Bargaining power of buyers: The bargaining power of buyers is high given the existence of many players providing remote infrastructure management services. Buyers can negotiate on price and switch between providers easily.

Bargaining power of suppliers: Infrastructure management involves the deployment of advanced technologies. The bargaining power of technology suppliers is moderate as switching costs are moderate.

Threat of new substitutes: Threat of substitutes is moderate as managed services for infrastructure can be provided through alternate approaches like insourcing IT teams. However, remote infrastructure management provides scalability and labor cost advantages.

Competitive rivalry: The remote infrastructure management market comprises multiple global and regional players. Competition is intense based on pricing, service portfolios, and expertise in managing diverse infrastructure environments.

Key Takeaways

The global Remote Infrastructure Management Market Demand is expected to witness high growth. The global remote infrastructure management market is estimated to be valued at US$ 48.42 million in 2024 and is expected to exhibit a CAGR of 1.6%  over the forecast period 2024 to 2031.

The North America region currently dominates the market owing to widespread technology adoption and digitization across industries in countries like the US. Europe is also a major market for remote infrastructure management services driven by initiatives for Infrastructure as a Service (IaaS) adoption.

Key players operating in the remote infrastructure management market are Sofidel Group, Kimberly-Clark Corporation, WEPA Industrie Holding SE, MetsÀ Group, Industrie Cartarie Tronchetti SpA, Lucart SpA, Essity AB, Renova, Procter & Gamble, Cartiere Carrara SpA, Industrie Celtex SpA, Johnson & Johnson Services Inc., Ontex Group, Tosama D.O.O, and Drylock Technologies NV. Major players are focusing on partnerships, collaborations, and service portfolio expansions to garner additional market share.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it