Remote Infrastructure Management Is Estimated To Witness High Growth Owing To Opportunity Of Cost Optimization
Remote infrastructure management enables organizations to enhance IT infrastructure management from a central location. It allows administrators to monitor, manage and maintain servers, networks, storage devices and other IT assets that may be scattered across various remote locations from a single console. Remote infrastructure management solutions provide capabilities such as server monitoring, help desk, configuration management, patch and vulnerability management, and compliance and security management. These solutions help companies optimize infrastructure costs by reducing unplanned downtime and capital expenditure on IT infrastructure maintenance.
The global Remote Infrastructure Management Market is estimated to be valued at US$ 42.03 Bn 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 Opportunity:
The opportunity of cost optimization is expected to drive the demand for remote infrastructure management solutions over the forecast period. Remote infrastructure management enables companies to consolidate infrastructure resources and streamline management processes which helps reduce IT operational costs significantly. It eliminates the need to send IT staff to different physical locations for routine maintenance and troubleshooting tasks, thereby lowering travel and accommodation expenses. Remote infrastructure management solutions also help optimize infrastructure utilization through proactive monitoring and preventive maintenance of assets. This reduces unplanned downtime of systems and associated productivity losses. With remote infrastructure management, companies can scale infrastructure resources on demand and pay only for the services used. This helps optimize capital expenditure on IT infrastructure and lower overall IT costs. Owing to such significant cost benefits, the market for remote infrastructure management is expected to witness high growth over the forecast period.
Porter's Analysis
Threat of new entrants: The threat of new entrants is moderate as the Remote Infrastructure Management market requires large capital investments. However, new technologies can enable small players to enter the market.
Bargaining power of buyers: The bargaining power of buyers is high as buyers have a variety of options to choose from. Buyers can switch between providers easily based on pricing and services.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as a few large vendors dominate the market. However, buyers can rely on multiple suppliers to avoid over-dependence on any single vendor.
Threat of new substitutes: The threat of substitutes is low as there are no direct substitutes for Remote Infrastructure Management services. However, organizations can rely on in-house teams as an alternative.
Competitive rivalry: The competitive rivalry is high among the existing players. Players compete based on pricing, services, partnerships, and geographical reach.
SWOT Analysis
Strength: Remote Infrastructure Management enables organizations to reduce IT costs and improve efficiency. It provides flexibility, scalability and 24/7 monitoring of infrastructure.
Weakness: Managing infrastructure from remote locations can pose security and privacy challenges. Dependence on network connectivity can impact service performance.
Opportunity: Growing cloud adoption and increasing number of SMEs provide an opportunity for Remote IM vendors to expand their customer base. The need for flexible and cost-effective IT solutions also supports market growth.
Threats: Migration to public clouds poses a challenge as organizations shift workloads away from on-premise infrastructure. Changing regulations around data localization also impact cross-border monitoring operations.
Key Takeaways
The Global Remote Infrastructure Management Market Demand is expected to witness high over the forecast period of 2023 to 2030. The market size for 2024 is estimated to reach US$ 42.03 Bn, indicating the growing preference for outsourced management of IT infrastructure and operations.
Regional analysis: North America dominates the global Remote IM market currently, owing to high technology adoption across sectors. The region is expected to maintain its leading position over the next few years. However, Asia Pacific is projected to exhibit the fastest growth through 2030 backed by growth of enterprises and data center infrastructure in major countries such as China, India and Japan.
Key players: Key players operating in the Remote Infrastructure Management market are Fujitsu, TCS, Capgemini, HCL, Cybage, Ctrls Datacenters, Sensiple, Locuz, and Nityo Infotech. Fujitsu offers integrated cloud management platform while TCS provides AI-powered remote infrastructure services. Capgemini's intelligent infrastructure management reduces downtime and operational costs.
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