June 17, 2024
Remote Infrastructure Management Market
Ict

Remote Infrastructure Management Market is Driven by Growing Complexities in IT Infrastructure

Remote infrastructure management enables organizations to efficiently manage their IT infrastructure from remote locations, thereby minimizing operational costs. It provides solutions for monitoring, managing, and maintaining IT infrastructure and assets of organizations through centralized management portals. Enterprises widely adopt remote infrastructure management solutions to optimize resource utilization and enhance operational efficiencies. The growing complexities in modern IT infrastructure with many remote branch offices and assets have increased the need for remote infrastructure monitoring and management. Remote infrastructure management solutions help organizations streamline infrastructure management processes, reduce downtime, identify issues proactively and automate routine tasks. They provide a unified view of the entire IT infrastructure spread across locations, enabling easy administration and control.

The global remote infrastructure management market is estimated to be valued at US$ 34.2 billion 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 Key Trends:

One of the key trends driving growth in the remote infrastructure management market is the rising adoption of hybrid work models by organizations. The COVID-19 pandemic has accelerated the hybrid work trend, with many employees now working remotely for some or all days of the week. This has significantly increased the number of remote assets that need to be monitored and managed centrally. Remote infrastructure management solutions help IT teams seamlessly support and secure a distributed hybrid workforce. Additionally, the rapid migration of workloads to cloud-based environments is another major trend fueling demand. As enterprises adopt hybrid cloud and multi-cloud strategies, there is a growing need for integrated solutions that can manage both on-premises and cloud-based infrastructure remotely. Key players in the remote infrastructure management market are focusing on enhancing their cloud-based capabilities to tap into new opportunities in this domain.

Porter’s Analysis

Threat of new entrants: The threat of new entrants is low as remote infrastructure management requires high initial capital investments and expertise. Existing players have established brand names and clientele.

Bargaining power of buyers: The bargaining power of buyers is high given the availability of various service providers in the market. Buyers can negotiate on price and service quality.

Bargaining power of suppliers: The bargaining power of suppliers is low as there are many component suppliers and switching costs are low.

Threat of new substitutes: The threat of substitutes is moderate as firms offer additional value-added services like cloud computing along with remote infrastructure management.

Competitive rivalry: Competition in the market is high amongst established players like Cisco, HP, and IBM. Players compete on offerings, pricing and technological capabilities.

Key Takeaways

The Global Remote Infrastructure Management Market Demand is expected to witness high growth.

Regional analysis – North America dominates the market currently due to rising deployment of hybrid work models by businesses in the region. Asia Pacific is expected to grow at the fastest pace during the forecast period supported by increasing digitalization in countries like China and India.

Key players – Key players operating in the remote infrastructure management market are Cisco, HP, IBM, Dell, Fujitsu. Cisco dominates the market with its comprehensive portfolio and global presence. HP focuses on enhancing customer experience. IBM emphasises on hybrid cloud management capabilities.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it