Remote Infrastructure Management Market Growth Opportunities, Revenue Analysis and - Forecasts from 2020 to 2023
Market Synopsis
The latest report by Market Research Future (MRFR) asserts that the global remote infrastructure management market 2020 is slated to attain a considerable market valuation of USD 35 billion by 2023, at a moderate 11% CAGR over the review period (2017-2023).
Competitive Setting
The key market players acknowledged by MRFR in the global remote infrastructure management market are Locuz technologies (U.S), Nityo Infotech (U.S.), Ctrls Datacenters (India), Fujitsu (Japan), Capgemini (France), Tata Consultancy Services (TCS) (India), and HCL (India).
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Drivers and Restraints
Remote infrastructure management empowers the business to reduce the risk from significant network failures, enhances the infrastructure, and perform 24X7 hands-on monitoring. Nevertheless, the remote infrastructure management is employed into different verticals such as banking and financial services and Insurance (BFSI), IT & telecommunication, healthcare, media and communication, retail and & e-commerce, and many more.
Additionally, protecting a server is the primary concern for business organizations, and most of the establishments located their servers at a distant location and utility from numerous sites. In such cases, remote infrastructure management software tackles their patch management, servers, remote server administration, upgradation, server audits, and performance monitoring and perform their routine repair and maintenance.
Furthermore, the remote infrastructure management size is driven by the presence of large enterprises and small & medium enterprises. The large enterprises are acknowledged to grow in emerging economies such as the Republic of Korea, India, and China, which tends to have a higher demand for remote infrastructure management due to enhanced investment from the developed economies.
With the seamless innovation in IT architecture and remote management servers, variation in the inclination of the consumer, and high abundance of technical expertise in the IT sector are driving the remote infrastructure management market demand.
On the other hand, the safety concerns and reluctance of SMBs to capitalize in IT infrastructure are acknowledged to be restraining factors for the remote infrastructure management market share.
Market Segmentatal analysis
The remote infrastructure management market is analyzed by deployment, type, organization size, and applicatations
On the basis of type, remote infrastructure management market is segmented into application management, database management, server management, storage management, network & communication management, desktop management, and others.
Moreover, deployment remote infrastructure management segment is divided into on-premises and on cloud.
On the basis of the organization size, the remote infrastructure is bifurcated into small & medium enterprises and large enterprises.
The remote infrastructure management application segment is divided into retail & e-commerce, banking, financial services, and Insurance (BFSI), healthcare, transportation, media & entertainment, IT & telecommunication, manufacturing, government & defense, and others.
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Regional Overview
The geographical overview of global remote infrastructure management market has been conducted in four major regions, namely the Asia Pacific, North America, Europe, and the rest of the world (including Latin America and the Middle East and Africa).
North America is anticipated to be a prominent region in the global Remote Infrastructure Management Market growth owing to advanced technological infrastructure in IT firms and rising demand for outsourcing services from other countries. Additionally, the U.S is expected to be a leading country in the North American region attributed to the early adoption of cloud-based application servers.
The Asia Pacific and European regions are anticipated to have positive growth in remote infrastructure management over the assessment period due to the presence of IT firms such as Tata Consultancy Services (TCS) and Wipro Limited, which continually invest more in research and development sector to evolve innovative solutions for remote infrastructure management.
The Middle East & Africa and Latin America are expected to have a steady growth in the remote infrastructure management market over the review period due to a lack of essential infrastructure and technical experts.
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