Global IT Infrastructure Services Market Size Forecast 2024 - 2033
19 Dec, 2024
How Is The Global IT Infrastructure Services Market Defined?
Information technology (IT) Infrastructure Services refer to a comprehensive set of offerings and solutions provided by IT service providers to manage and support the foundational technology components that enable an organization's IT operations. These services allow organizations to build, deploy, and maintain the technology infrastructure necessary to support their business operations effectively and securely.
IT Infrastructure Services Global Market Report 2024 provides data on the global it infrastructure services market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The IT Infrastructure Services market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Is The Global IT Infrastructure Services Market Size Expected To Change, And What Are The Growth Rate Projections?
The IT infrastructure services market size has grown rapidly in recent years. It will grow from $93.18 billion in 2023 to $104.45 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%. The growth in the historic period can be attributed to the initial adoption of IT infrastructure services by enterprises, the rise of cloud computing technology, the rise in digital transformation initiatives, and rapid growth in data volumes and complexity. The IT infrastructure services market size is expected to see rapid growth in the next few years. It will grow to $167.52 billion in 2028 at a compound annual growth rate (CAGR) of 12.5%. The growth in the forecast period can be attributed to the rise in adoption of hybrid and multi-cloud strategies by enterprises, rise in sustainability and energy efficiency, heightened focus on zero trust security principles, evolving regulatory landscape, and data privacy regulations. Major trends in the forecast period include the adoption of edge computing architectures, the adoption of hybrid and multi-cloud strategies, the adoption of containerization and microservices architectures, the adoption of DevOps practices and CI/CD pipelines, the integration of AI and machine learning capabilities.
Which Drivers Are Accelerating Growth In The IT Infrastructure Services Market?
A rise in data traffic is poised to fuel the expansion of the IT infrastructure services market moving forward. Data traffic, which encompasses the movement of digital information across networks like the Internet and local area networks (LANs), is escalating due to widespread adoption of cloud computing services and the proliferation of internet-connected devices. IT infrastructure services play a crucial role in managing and optimizing data traffic by ensuring robust network connectivity, efficient data transmission, and scalable infrastructure capable of handling increasing data volumes. This enhances reliability and performance across digital ecosystems. For instance, Telefonaktiebolaget LM Ericsson's report in November 2023 projects global mobile data traffic (excluding fixed wireless access) to rise from 130 exabytes (EB) per month in 2023 to approximately 403 exabytes (EB) per month by 2029. Thus, the surge in data traffic is a key driver behind the growth of the IT infrastructure services market.
Get Your Free Sample of the Global IT Infrastructure Services Market ReportWhat Are The Core Segments Of The Global IT Infrastructure Services Market?
The IT infrastructure services market covered in this report is segmented –
1) By Type: Network Management Service, Virtualization Security, Enterprise System Management, Information Technology (IT) Security Management, Data Center Visualization Services, Other Types
2) By Organization Size: Small-Sized Enterprises, Medium-Sized Enterprises, Large-Sized Enterprises
3) By End-Use Verticals: Information Technology (IT) And Telecommunication, Public Sector, Retail Sector, Transportation And Logistics, Banking, Financial Services And Insurance (BFSI), Manufacturing
Which Emerging Trends Are Reshaping The IT Infrastructure Services Market Size?
Leading companies in the IT infrastructure services market are concentrating on innovative technologies like Artificial Intelligence for IT Operations (AIOps) to maintain their competitive advantage. AIOps combines AI and machine learning with big data analytics to improve IT infrastructure management and operations. For example, in May 2023, NTT Ltd., a Japan-based IT services company, introduced SPEKTRA (Sentient Platform for Network Transformation). This platform employs AIOps, predictive analytics, and automation to create a fully autonomous Network Operations Center (NOC). SPEKTRA includes cloud and edge capabilities, advanced anomaly detection, and expanded service level metrics to address evolving customer needs.
What Is The Largest Region In The IT Infrastructure Services Market?
North America was the largest region in the IT infrastructure services market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the IT infrastructure services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.