Facts and Factors Market Research has published a new report titled “IT Infrastructure Outsourcing Market By Offerings (Solutions and Services), By End-User (Small & Medium-Sized Enterprises and Large Enterprises), and By Vertical (IT & Telecommunications, Retail, BFSI (Banking, Financial Services and Insurance), and Food & Beverages): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027”.
According to the report, the global IT infrastructure outsourcing market was valued at approximately USD 262.53 billion in 2018 and is expected to reach a value of around USD 458.19 billion by 2027, at a CAGR of around 6.5% between 2019 and 2027.
IT infrastructure outsourcing activities include transferring managerial responsibilities such as the offering an optimized, safe, and accessible IT infrastructure to an external service provider. It refers to the outsourcing of networks, desktop services, help desks, data centers, and other related services. The need for service integration and automation of infrastructure services is accelerating the infrastructure outsourcing services demand. IT environments have witnessed an exponential surge. In the constantly altering market conditions and business ecosystems, flexible, scalable, secure and approachable infrastructure is the need of the moment and is the top-most priority for enterprises.
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High focus on core capabilities to steer the market expansion
IT infrastructure outsourcing activities assist the firms to offer a secured and stable environment that can help in reducing the overall IT ownership costs. It helps the firms in focusing on their core competencies, introducing changes in the product, bringing improvement in the services, and mitigate risks related to the rate of staff turnover, and minimize the operational costs of data centers.
Furthermore, the rise in the network scalability is predicted to help the end-users in accessing the data along with facilitating of quick sales cycle & thorough decision-making. In addition to this, the increase in the size of the network systems helps in the accurate decision-making process as well as enhancing user output. All these aforementioned aspects are anticipated to steer the growth of the IT infrastructure outsourcing industry over the forecast timeline. Nonetheless, growing IT security concerns & a huge rate of attrition in IT firms can pose a challenge to the growth of the market over the forecast timespan.
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Services to lead the offerings segment over the forecast timeline
Increase in the demand for service desk outsourcing, network outsourcing, workplace outsourcing, and data center outsourcing is expected to drive the growth of the services segment during the forecast timespan. Apart from this, the massive need for minimizing costs, flexibility, and scalability of outsourcing activities will spearhead the segmental expansion over the forecast timeline.
Small & medium-size enterprises segment to contribute majorly towards the market revenue by 2027
Small & medium-sized enterprises segment is expected to accrue revenue of nearly USD 310 billion by 2027. The growth of the segment is due to the massive need for reducing infrastructure complexities and optimizing the utilization of the company resources.
North America to dominate the overall regional market revenue growth by 2027
The growth of the IT infrastructure outsourcing industry in North America is credited to massive demand for IT infrastructure outsourcing services in the region.
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Some of the key players in the IT infrastructure outsourcing market include Accenture, Acora, Cardonet IT Support and Technology Services, Conneqt Business Solutions Limited, DXC Technology Company, GoVirtual Limited, HCL Technologies Limited, IBM Corporation, SNT Solutions, SP Sysnet, Tata Consultancy Services Limited, transcosmos Information System, Co., Ltd., and T-Systems among others.
This report segments the IT infrastructure outsourcing market as follows:
Global IT Infrastructure Outsourcing Market: By Offerings Segment Analysis
- Service Desk Outsourcing
- Workplace Outsourcing
- Data Center Outsourcing
- Network Outsourcing
Global IT Infrastructure Outsourcing Market: By End-User Segment Analysis
- Small & Medium-Sized Enterprises
- Large Enterprises
Global IT Infrastructure Outsourcing Market: By Vertical Segment Analysis
- IT & Telecommunications
- BFSI (Banking, Financial Services and Insurance)
- Food & Beverages
Global IT Infrastructure Outsourcing Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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