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Managed Infrastructure Services Market Size
- Report ID: GMI7228
- Published Date: Oct 2023
- Report Format: PDF
Managed Infrastructure Services Market Size
Managed Infrastructure Services Market size was valued at USD 53 billion in 2022 and is estimated to register a CAGR of over 5% between 2023 and 2032. The increasing adoption of cloud services is driving the market progress. Cloud services often require robust and secure infrastructure to operate effectively. As more businesses migrate to the cloud, they seek managed services to optimize and maintain their infrastructure.
For instance, in May 2023, Kyndryl, in collaboration with Fortinet, launched a managed Secure Access Service Edge (SASE) solution. This solution combines Fortinet's cloud-based security and secure networking solutions with Kyndryl's expertise in network & security services. It is designed to help customers enhance their network security and modernize their mission-critical networking infrastructure.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Managed Infrastructure Services Market Size in 2022: | USD 53 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 5% |
| 2032 Value Projection: | USD 88.9 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 250 |
| Tables, Charts & Figures: | 275 |
| Segments covered: | Deployment Model, Organization Size, End-user |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Artificial Intelligence (AI) is fueling the market size of managed infrastructure services. AI technologies enable proactive and predictive maintenance, enhancing the reliability & performance of IT infrastructure. Through AI-powered analytics & automation, service providers can optimize resource allocation, improve security, and streamline operations. For instance, in October 2023, ARM Hub announced its plan to introduce data and AI-as-a-service offerings in 2024. This launch involves providing businesses with a cloud-based, scalable, and secure infrastructure for data & AI applications. This service also aims to minimize ownership and maintenance costs for users, making it a cost-effective solution for harnessing the power of artificial intelligence & data analytics without the need for significant in-house resources or infrastructure investments.
Safety and security concerns pose significant challenges in the managed infrastructure services market. With the increasing complexity of digital environments, service providers need to ensure data privacy, protect against cyber threats, and comply with the evolving regulations. Safeguarding against data breaches, downtime, and unauthorized access requires constant vigilance. The rapid adoption of cloud services and remote work further amplifies these concerns. Managing infrastructure with robust security measures is crucial to mitigate risks and build trust with customers.
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Managed Infrastructure Services Market Scope
