May 22, 2024
Remote Infrastructure Management Market
Ict

Remote Infrastructure Management Market is Expected to be Flourished by Increased

Remote infrastructure management enables organizations to centralize the monitoring and management of infrastructure components remotely. It provides transparent access to systems, software, and infrastructure resources from any location. Remote infrastructure management offers cloud-based solutions to monitor server health and performance, storage usage, networking devices, and handles backups and updates remotely without the need for on-site IT staff. It enables enterprises to focus more on innovation rather than infrastructure maintenance. Some common uses of remote infrastructure management include maximizing uptime through proactive monitoring of infrastructure performance, reducing costs by minimizing on-site staff requirements, and ensuring security and compliance through centralized control.

The global remote infrastructure management market is estimated to be valued at US$ 34.2 billion in 2023 and is expected to exhibit a CAGR of 1.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:

Increased demand for monitoring and management of infrastructure as a service is expected to drive the growth of the remote infrastructure management market over the forecast period. The growing adoption of cloud services has increased the need for monitoring cloud infrastructure to avoid security issues and ensure high performance of applications. Remote infrastructure management provides a centralized platform for infrastructure monitoring and management, which is preferred by enterprises adopting hybrid cloud environments. Additionally, the increased need to improve operational efficiency and reduce IT costs among organizations will also propel the demand for remote infrastructure management solutions in the coming years. While the market is expected to be driven by the aforementioned factors, data privacy and security concerns may limit the adoption of remote infrastructure management services. However, emerging technologies such as AI and analytics are likely to offer new opportunities for remote infrastructure management vendors.

Segment Analysis

The global remote infrastructure management market is dominated by the integrated service segment. It accounted for nearly 35% of the total market share in 2023 owing to its cost-effectiveness and ease of use. The integrated service segment provides all the necessary IT infrastructure management services including monitoring, support and maintenance through a single integrated platform. This has significantly reduced the operational costs for businesses and boosted its adoption rate over individual or basic infrastructure management services.

PEST Analysis

Political: The remote infrastructure management market growth is influenced by various government regulations and data privacy laws across nations. Favorable policies supporting digitization of business processes and remote working trends have aided market expansion.

Economic: The rising costs of in-house IT infrastructure management teams coupled with growing preference of businesses to focus on their core operations is positively impacting the economic growth of this market.

Social: Changing customer preference towards digital service delivery and remote working culture in the post-pandemic era has accelerated the demand for remote infrastructure management services from industries.

Technological: Continued development of advanced technologies like AI, automation, cloud computing etc has allowed vendors to enhance their offerings with predictive analysis, self-healing features and provide comprehensive management on any infrastructure from any location. This is fueling technological evolution in this market.

Key Takeaways

The Global Remote Infrastructure Management Market Growth is expected to witness high at a CAGR of 1.6% during the forecast period of 2023 to 2030.

Regional analysis indicates North America currently holds the dominant market share of over 30% owing to widespread technology adoption by businesses across sectors. However, Asia Pacific region is poised to be the fastest growing market in coming years backed by rapid digital transformation of industries and increasing penetration of cloud-based solutions across India, China and other developing Asian countries.

Key players operating in the remote infrastructure management market include IBM Corporation, HCL Technologies Limited, Cisco Systems, Tata Consultancy Services, Wipro, Ericsson Inc., Nokia Corporation, Fujitsu, Accenture, Capgemini. Key players are focusing on expanding their service offerings and capabilities through acquisitions and partnerships. They are also investing significantly in automation, AI and analytics to provide proactive management of distributed IT assets for clients.

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