How big is the Managed IT Infrastructure Services Market?

The Managed IT Infrastructure Services Market size is expected to reach USD 117.57 billion in 2024 and grow at a CAGR of 9.32% to reach USD 183.57 billion by 2029. Read More

What is the current Managed IT Infrastructure Services Market size?

In 2024, the Managed IT Infrastructure Services Market size is expected to reach USD 117.57 billion. Read More

Who are the key players in Managed IT Infrastructure Services Market?

Fujitsu Limited, Dell EMC (EMC Corporation), Verizon Communications Inc., Microsoft Corporation and IBM Corporation are the major companies operating in the Managed IT Infrastructure Services Market. Read More

Which is the fastest growing region in Managed IT Infrastructure Services Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Managed IT Infrastructure Services Market?

In 2024, the North America accounts for the largest market share in Managed IT Infrastructure Services Market. Read More

What years does this Managed IT Infrastructure Services Market cover, and what was the market size in 2023?

In 2023, the Managed IT Infrastructure Services Market size was estimated at USD 107.55 billion. The report covers the Managed IT Infrastructure Services Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Managed IT Infrastructure Services Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Managed IT Infrastructure Services Market Trends

Statistics for the 2023 & 2024 Managed IT Infrastructure Services market trends, created by Mordor Intelligence™ Industry Reports. Managed IT Infrastructure Services trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Managed IT Infrastructure Services Industry

Technological Proliferation and Advancement of Cloud Based Technology Complement the Demand

In the current market scenario, the increasing dependency on cloud services and infrastructure upgrading activities are the major factors driving the demand for managed IT infrastructure services. In fact, most of the infrastructure developments in the next few years are dedicated to supporting the increasing demand for cloud services.
The landscape of IT infrastructure itself is changing rapidly. Traditional racks of servers stored in cages are quickly disappearing as more companies migrate most or all of their IT services and applications to the cloud. As a result, even investments in traditional IT infrastructure are expected to decline over the forecast period as companies increasingly invest in advanced cloud infrastructure.
Moreover, according to the Cisco Global Cloud Index Report, more than 90 percent of all workloads will be cloud-based by this year. Global cloud traffic will represent 95 percent of total data center traffic. Whereas traditional data center workloads and compute instances are expected to decline during the same period. Historically, one server carried one workload and computed instance. But with increasing server computing capacity and virtualization, multiple workloads and compute instances per physical server are common in cloud architectures.

Managed IT Infrastructure Services Market: Annual spending on cloud IT infrastructure worldwide from 2019 to 2026*

Understand The Key Trends Shaping This Market

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North America Region to Hold the Largest Market Share

North America remains the largest market for managed IT infrastructure services because of the early adoption of technology and numerous IT data centers.
North America has seen a dramatic increase in cloud migration over the years, mostly because of the region's strong IT infrastructure, laws, standards, and access to technological experience, among other factors. Additionally, the expansion of the cloud migration services market in North America has been aided by the existence of illustrious cloud firms like Amazon Web Services, IBM Corporations, Microsoft Corporation, Google, and Cisco Systems.
The other factor is the high degree of automation and immense penetration of IT applications in several end-user industries, creating a constant demand for IT infrastructure services in the region.