Remote infrastructure management refers to monitoring and maintaining IT systems and services from a remote location. It enables centralized management of IT infrastructure spread across locations through a cloud-based platform. This reduces the need for on-premises IT staff and hardware at each location. Remote infrastructure management solutions provide capabilities such as remote monitoring and management of servers, storage, databases, virtualization, networks and other IT components. It helps simplify IT operations through centralized management and frees up staff from routine maintenance tasks.
The global Remote Infrastructure Management Market is estimated to be valued at US$ 48.42 Mn in 2023 and is expected to exhibit a CAGR of 1.6% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Opportunity:
Centralized management of infrastructure through remote infrastructure management solutions provide various opportunities to organizations. The growing need among organizations to simplify and optimize IT operations is a major driver for adoption of remote infrastructure management. It enables organizations to manage their IT infrastructure from a single dashboard reducing dependency on on-premises staff. This helps cut down IT costs through centralized management. With remote infrastructure management, organizations can scale up or down their IT support operations easily based on business needs in an efficient manner. It also allows workforce mobility as IT staff can manage infrastructure from any location. The ability to manage infrastructure remotely in a centralized and simplified way through automation is a key factor fueling growth of remote infrastructure management market.
Porter's Analysis
Threat of new entrants: The threat of new entrants in the remote infrastructure management market is moderate as it requires significant capital and expertise to enter this market.
Bargaining power of buyers: The bargaining power of buyers in this market is high as there are many established players providing remote infrastructure management services.
Bargaining power of suppliers: There is a low threat from suppliers as remote infrastructure management providers rely on generic components from multiple suppliers.
Threat of new substitutes: Substitutes have limited threat as remote infrastructure management provides many benefits over in-house management which are difficult to substitute.
Competitive rivalry: Competition is high among the key players to gain more market share in this growing market.
SWOT Analysis
Strengths: Remote infrastructure management provides benefits like reduced IT costs, enhanced security and scalability. It allows companies to focus on their core business.
Weaknesses: Initial investments requirements are high for setting up remote infrastructure management services. There are also some internal security and control challenges initially.
Opportunities: Growing digital transformation and remote working trends are creating more demand for remote infrastructure management. There is an opportunity to target small and medium businesses.
Threats: Economic slowdowns may negatively impact IT budgets of companies for outsourcing infrastructure management. Skill shortage in the remote workforce is also a challenge.
Key Takeaways
The global Remote Infrastructure Management Market Demand is expected to witness high growth over the forecast period of 2024 to 2031 driven by growing digital transformation of businesses. The global Remote Infrastructure Management Market is estimated to be valued at US$ 48.42 Mn in 2023 and is expected to exhibit a CAGR of 1.6% over the forecast period 2024 to 2031.
The North America region currently dominates the market owing to rapid technology adoption in countries like United States and Canada. The Asia Pacific region is expected to grow at the fastest pace during the forecast period with countries like China, India, and Japan emerging as high potential markets.
Key players operating in the Remote Infrastructure Management market include Sofidel Group, Kimberly-Clark Corporation, WEPA Industrie Holding SE, Metsä Group, Industrie Cartarie Tronchetti SpA, Lucart SpA, Essity AB, Renova, Procter & Gamble, Cartiere Carrara SpA, Industrie Celtex SpA, Johnson & Johnson Services Inc., Ontex Group, Tosama D.O.O, and Drylock Technologies NV. These players are focusing on mergers & acquisitions and new product launches to expand their market share.
Holding SE, Metsà Group, Industrie Cartarie Tronchetti SpA, Lucart SpA, Essity AB.
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