USD 41.27 billion
Report ID:
SQMIG45A2306 |
Region:
Global |
Published Date: March, 2024
Pages:
162
|Tables:
65
|Figures:
75
Global Remote Infrastructure Management Market size was valued at USD 41.27 billion in 2022 and is poised to grow from USD 46.18 billion in 2023 to USD 113.53 billion by 2031, growing at a CAGR of 11.9% during the forecast period (2024-2031).
The Global Remote Infrastructure Management (RIM) Market has seen a rapid growth which is mainly attributed to the awareness created by businesses about the key importance of efficient and well managed infrastructures. Nowadays, businesses try to create cost advantages throughout their value creation process while they also wish to be differentiated in the market. This dual emphasis emphasizes the necessity for businesses to fill the gap between operations and business success, and hence the demand for better IT infrastructure management solutions. RIM extends as a key solution in this sphere providing organizations with tools for remotely managing their IT environment, either entirely or in parts. RIM is composed of various network and infrastructure services that can be utilized from a remote location to provide a single source for corrective actions to avoid business disruptions. On the positive side, the power of centralized monitoring and maintenance remotely offers a significant advantage, allowing immediate error detection and rapid remote repair and restoration, thus saving much time. The benefits for businesses offered by RIM are around-the-clock support that ensures there is constant monitoring and support of IT environments 24/7. This continued support, through supply of high-grade equipment, management expertise and integrated technologies, ensures a low downtime. Moreover, RIM provides customized services to fulfil the needs, requirements and expectations of the organizations for example infrastructural analysis to minimize costs and minimize downtime.
Furthermore, IT infrastructure cost is reduced as RIM prevents expenses related to the operations. Services dedicated to internal help desk up to 80%, server management up to 70%, maintenance up to 60%, and administration up to 35% can be done remotely offering high-cost savings. Much of the efficiency and productivity of the IT infrastructure is boosted with the latest tools and technologies, as well as optimized procedures. This leaves the staff maximizing their time and efforts on core business operations. In terms of infrastructure support functions, RIM is used for managing various elements via the remote administration. Between 30% and 15% of mainframes and end devices being managed remote, it puts the spotlight on the expanding aspect of RIM services that cuts across all ramifications of IT infrastructure management. These functions could be functioned remotely to different extents with RIM providing large amounts of engineering opportunities for enterprises to simplify their operation and increase the overall productivity and efficiency.
Global Market Size
USD 41.27 billion
Largest Segment
IT & Telecommunication
Fastest Growth
Healthcare
Growth Rate
11.9% CAGR
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Global Remote Infrastructure Management Market is segmented by deployment mode, end user, and region. Based on deployment mode, the market can be segmented into cloud and on-premises. Based on end user, the market is segmented into IT & telecommunication, healthcare, BFSI, retail, manufacturing and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Deployment Mode
The leading segment of the global RIM market, by deployment mode, is the cloud-based segment. Cloud-based RIM solutions have several benefits, such as flexibility, scalability, accessibility and cost-effectiveness. It is due to these advantages that they are widely used across diverse industries. Organizations choose cloud-based RIM solutions due to the elimination of having to make intensive onsite infrastructure investments, that allows for faster implementation and easy scalability to meet changing business needs. Cloud-based RIM solutions also enable IT infrastructure remote monitoring and management from any place with internet access, providing as such IT team with higher flexibility and convenience. Moreover, cloud-based RIM solutions provide extra security functionalities, e.g. data encryptions, regular security updates and compliance with industry standards and regulations to ease data protection and cybersecurity concerns.
The cloud-based segment is the fastest-growing section of the global RIM market as well. The growing demand for remote infrastructure management solutions has been triggered by digital transformation projects, emergence of remote work practices, proactive IT monitoring and management needs. This is the cause of the expansion of cloud-based RIM solutions. Meanwhile, development in cloud technologies, which are supported by the introduction of artificial intelligence (AI), machine learning (ML), and automation, has additionally reinforced the abilities and efficiency of cloud-based RIM systems, fueling their implementation in all types of enterprises. Furthermore, the COVID-19 pandemic expedited the adoption of cloud-based RIM solutions by organizations who want to prioritize remote operations and adopt flexible and scalable solutions for their IT infrastructure management to ensure business continuity and growth in a business environment that is evolving at a fast pace. Consequently, the cloud-based segment is poised to continue with its impressive growth pace in the near term and will continue to be the largest and the fastest growing segment of the global remote infrastructure management market.
Analysis by End User
The leading segment of the global remote infrastructure management (RIM) market is the IT & telecommunication industry as an end-user. This dominance can be explained by the fact that the robust nature of IT infrastructure and network systems underlies the functioning of IT companies and telecommunication service providers. As these organizations increasingly adopt digital platforms, cloud services, and remote operations, the need for efficient remote infrastructure management solutions has increased. IT & Telecommunications sector is the biggest investor in RIM services to provide unbreakable network connectivity, data privacy & improved IT services. In addition, the sector's continuous adoption of new technologies and the requirement for an agile and scalable IT infrastructure will contribute to the growth of RIM services.
However, it is the healthcare sector that is the fastest-growing segment of the RIM market. The healthcare industry is going through an accelerated digital transformation, with the introduction of electronic health records (EHRs), telemedicine, IoT devices, and other digital health technologies. As healthcare organizations try to achieve better patient care, operational efficiency, and adherence to regulatory requirements, there is a pressing need for strong and secure IT infrastructure management. Remote infrastructure management solutions offer healthcare providers the possibility to remotely monitor and manage critical IT systems which guarantees the reliability, security of data and compliance with healthcare regulations like HIPAA. Also, the increased adoption of telehealth services and remote patient monitoring because of the COVID-19 pandemic has led to the increased demand for RIM solutions in the healthcare sector. Subsequently, the healthcare segment is poised for fast growth in the upcoming years as healthcare organizations are moving towards digital technologies to improve patient outcomes and boost efficiency.
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North America dominates as the leading region of the global remote infrastructure management market because of the high number of established IT service providers, technology companies and enterprises with up-to-date IT infrastructure present in this area. In particular, the US has the largest share of the market, with names like IBM Corporation, DXC Technology and Accenture providing holistic RIM services to the clients in industry consulting. The leadership of North America in the RIM market is mainly associated with several factors such as early adoption of the advanced IT and IT technologies by the region, strong regulatory frameworks and the availability of a highly qualified IT and cybersecurity force. North American companies now outsource their IT infrastructure management functions to third-party service providers to cut costs, achieve operational efficiency and concentrate on core activities. Yet, this is an added push to the expansion of the RIM market in the area.
The fastest-growing region in the world is Asia Pacific in the market of remote infrastructure management, due to the rapid digitization, expanding IT infrastructure, and the growing investment in cloud computing and cybersecurity technologies. Unlike Europe, countries such as India, China, Japan, and Singapore are the center of massive growth in the demand for RIM services as businesses push through modernizing their information technology infrastructure, increasing efficiency of their operation, and ensuring business continuity. In Asia Pacific, influential trends such as the rising use of cloud technology, the increasing internet penetration, and the increasing number of mobile devices are becoming the main drivers of remote infrastructure management solutions demand. In addition, the rising startup scene and the evolution of innovative technology firms are actively playing a part in the expansion of the RIM market through the provision of specialized facilities customized to the needs of SMEs.
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Drivers
The Relentless Pursuit of Digital Transformation
The Integration of Cloud Services
Restraints
The Complexity of Managing Diverse and Distributed IT Environments
The Concerns Involving Data Security and Privacy
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The global RIM (remote infrastructure management) market boasts a vibrant competitive landscape, characterized by the presence of numerous providers who offer various services and solutions. Major players in this market comprise of both established technology companies and nascent startups, competing intensively in search of market share and endeavouring to differentiate themselves through innovation, service quality and strategic partnerships. Key players that are facilitating the advancement of the market for remote infrastructure management. These IT service providers are leveraging vast experience gained from providing IT services, cloud computing, cyber security, and network management solutions to offer customized RIM solutions that fit the client’s unique needs. Generally, they offer wide range of services that cover remote monitoring, management, and support for different components of the IT infrastructure such as servers, networks, databases, applications, and security systems. Moreover, these organizations often put the adoption of the latest technologies including Artificial Intelligence (AI), Machine Learning (ML), and Automation among other similar technologies at the center of their RIM services to ensure that they offer efficient, reliable, and scalable services.
Besides the main players, the remote infrastructure management market also has a quickly growing share of niche players and startups focusing on dimensions of remote infrastructure management, e.g., cybersecurity or cloud or IoT (Internet of Things) device management. These agile and innovative firms usually target emerging industries, niche markets, and industry-specific opportunities thus providing the RIM market with variety and dynamism. Also, partnerships and collaborations are the main factors in determining the competitive environment of the remote infrastructure management market. Established players may often form strategic alliances with technology vendors, cloud service providers, cybersecurity firms, and system integrators to broaden scope and grab the opportunities that come with emerging markets. These alliances allow companies to use each other’s strengths, open new markets for themselves, and provide integrated solutions that are easier to meet changing client needs.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global Remote Infrastructure Management market analysis, market has experienced great progress in the last years due to the expanding digitalization, cloud computing, and remote work deployment by businesses. RIM services allow organizations to manage their IT infrastructure from afar using technology to monitor, manage, and continuously improve their servers, networks, databases, and applications. This ultimately leads to improved efficiency of operations, cost savings, and scalability.
These dynamics are driven by the increasing intricacy of the IT environments, the necessity of proactive monitoring, and maintenance as well as the expanding popularity of outsourced IT services among enterprises looking to focus on their core activities. In addition, the pandemic led to the widespread adoption of RIM solutions as companies put a greater focus on remote working and Digital transformation. The key market players are using the modern technologies like artificial intelligence (AI), machine learning (ML) and automation to provide more efficient and proactive RIM services which are ultimately leading the market to expand and innovate surging forward.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 41.27 billion |
Market size value in 2031 | USD 113.53 billion |
Growth Rate | 11.9% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Remote Infrastructure Management Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Remote Infrastructure Management Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Remote Infrastructure Management Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Remote Infrastructure Management Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG45A2306
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