Remote Infrastructure Management Market Is Estimated To Witness High Growth Owing To Cloud Adoption

Remote Infrastructure Management Market 

The Remote Infrastructure Management Market is estimated to be valued at US$ 42.03 Bn in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Remote infrastructure management (RIM) refers to the remote monitoring and management of IT infrastructure and assets located in various on-premises and off-premises physical sites. RIM provides a centralized dashboard for comprehensive visibility into all infrastructure components such as servers, storage, networks, applications and their health, usage and performance metrics. RIM allows IT teams to reduce operational costs through optimized resource allocation, streamlined change management and reduced downtime.

Market key trends:

One of the major trends driving the growth of remote infrastructure management market is the growing adoption of hybrid cloud infrastructure. Organizations are increasingly adopting a hybrid IT model that leverages both on-premise and public cloud platforms. RIM solutions allow organizations to manage a complex hybrid cloud infrastructure with centralized visibility and control over distributed physical, virtual and cloud-based systems located both internally and externally. This helps improve infrastructure uptime, security as well as enhances productivity of IT teams managing hybrid IT ecosystems.

Porter’s Analysis

Threat of new entrants: The remote infrastructure management market requires significant investment in infrastructure and skilled workforce to enter the market. This poses as a barrier for new players.

Bargaining power of buyers: Buyers have moderate bargaining power due to availability of multiple remote infrastructure management service providers in the market providing similar services.

Bargaining power of suppliers: Suppliers have low bargaining power as remote infrastructure management providers have alternative sourcing options and in-house capabilities to develop certain solutions.

Threat of new substitutes: Threat of substitution is low as remote infrastructure management services require specific skills and are difficult to replace.

Competitive rivalry: High as the market is dominated by global and regional players differentiating on the basis of service portfolio and customer experience.

SWOT Analysis

Strength: Remote infrastructure management providers possess domain expertise, global delivery capabilities and scale of operations to manage large infrastructure remotely.

Weakness: Security and privacy concerns with outsourcing critical infrastructure management. Scarcity of skilled workforce is also a challenge.

Opportunity: Rising adoption of cloud, IoT, edge computing is driving the need for managing infrastructure remotely and from offshore locations. Growth in global data center market also creates opportunities.

Threats: Currency fluctuations and economic slowdowns impact outsourcing budgets adversely. Regulatory changes regarding data sovereignty also pose threats.

Key Takeaways

The Global Remote Infrastructure Management Market is expected to witness high growth, exhibiting CAGR of 8.6% over the forecast period, due to increasing need for optimizing IT infrastructure costs and shifting workload to cloud environments.

The North America region dominated the remote infrastructure management market in 2023 with a share of more than 35%, due to strong technology adoption and digital transformation initiatives by enterprises in the region. Asia Pacific region is expected to witness the fastest growth over the forecast period, driven by rapid infrastructure development and outsourcing trend in countries like India, China and others.

Key players operating in the remote infrastructure management market are Capgemini, Tata Consultancy Services Limited, HCL Technologies Limited, Fujitsu, Sensiple, Nityo Infotech, Locuz, CtrlS Datacenters Ltd, Cybage Software Pvt. Ltd, Sensible, and Cerebra Integrated Technologies Ltd. These providers offer customized, scalable and cost effective solutions for managing IT, network and security infrastructure of global enterprises remotely.

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