IT infrastructure outsourcing is experiencing humongous demand from industries globally. In the rapidly changing business environment, organizations are largely investing towards digital transformation and more essentially implementing cloud-based operating models. According to studies, spending on cloud system infrastructure services experienced manifold increase over the period from 2019 to 2020. A similar trend is anticipated to retain, thereby indicating positive growth prospects for global IT infrastructure outsourcing market over the period of next eight years.
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The adoption of advanced technologies such as IoT, hybrid cloud and edge computing amongst others is witnessing a rampant increase. Moreover, it is estimated that about 50% of the new investments are being directed towards edge computing. However, the overall cost of transformation along with lack of adequate digital strategy within enterprises to align more efficiently to the organization goals were identified as the major obstacles limiting the enterprises to adopt this technological shift. Hence, the intensified need towards adoption of advanced technologies is spurring the demand for professional IT outsourced services, thereby supplementing the growth of global IT infrastructure outsourcing market.
The COVID-19 pandemic has enforced organizations to divert their business operations to remote resources and simultaneously align with the government regulations, which demand maintaining social distancing. IT infrastructure is among the most prominent sectors, which has experienced exponential demand due to imposition of remote working norms. End user enterprises are increasingly focusing on enhanced customer experience and increased flexibility in their operations during this period of abnormality. Furthermore, it was reported that about 75% of the businesses globally will be required to upgrade their IT infrastructure so as to integrate the advanced technologies into their business operations. Hence, the dynamicity in the changes of business models across enterprises showcases significant growth opportunities for global IT infrastructure outsourcing market in the forecast period.
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The global IT infrastructure outsourcing market is expected to grow at a CAGR of more than 6.9% during the forecast years (2021-2029).
The detailed research study provides qualitative and quantitative analysis of IT infrastructure outsourcing market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Key Findings of the Report:
- A substantial demand for IT infrastructure outsourcing is being observed from the large enterprises, wherein big brands are considering outsourcing specific IT infrastructure needs so as to economize their overall costs and obtain financial flexibility.
- Banking, Financial Services and Insurance (BFSI) accounted for the largest segment in the global IT infrastructure outsourcing market in 2020. Diversified business models along with prevalence of large database is contributing towards the higher share of the segment.
- Asia Pacific is expected to be the fasted growing revenue generating region in the global IT infrastructure outsourcing market over the forecast period. Increasing investments towards technological advancements and digital initiatives across enterprises is anticipated to fuel the region’s growth over the future years.
- Some of the major players operating in the global IT infrastructure outsourcing market Accenture, Acora, Cardonet, Conneqt Business Solutions Ltd. , XC Technology Company, GoVirtual Limited, HCL Technologies Limited, IBM Corporation, SNT Solutions, SP Sysnet, Tata Consultancy Services Limited, transcosmos Information Systems Limited, T-Systems International GmbH, amongst others.
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Global IT Infrastructure Outsourcing Market:
- By Offerings
- Solutions
- Services
- Service Desk Outsourcing
- Workplace Outsourcing
- Data Center Outsourcing
- Network Outsourcing
- Others
- By End User
- Small and Medium Size Enterprises
- Large Enterprises
- By Vertical
- IT and Telecommunications
- Banking, Financial Services and Insurance (BFSI)
- Food and Beverages
- Retail
- Others (Government, Education, Etc.)
- By Region:
- North America
-
- U.S.
- Canada
- Mexico
- Rest of North America
-
- Europe
-
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
-
- Asia Pacific
-
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
-
- Middle East & Africa
-
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
-
- Latin America
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- Brazil
- Argentina
- Rest of Latin America
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