The global IT infrastructure services was valued at almost USD 188 billion in 2015 and is expected to surpass USD 242 billion by 2020
Technavio has announced the launch of its latest procurement market intelligence report on IT infrastructure services for the period 2016-2020. This procurement report discusses the major drivers and key emerging trends that will influence the growth of the public relations services market during the forecast period. Some of the top vendors listed in this industry analysis include IBM, HCL, Accenture, TCS, and HPE.
In terms of geographical analysis, the Americas will be the largest shareholder in the global market, with a market share of around 58%. North America will be the key revenue generating country in this region.
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According to Angad Singh, a procurement specialist at Technavio for research on category spend intelligence, “The emergence of OCP (open computer project) tools will help organizations to reduce operational costs. The advantages of OCP platforms include agility to quickly reconfigure hardware resources to cater to changing application needs, cost-efficiency, and ability to undergo a high degree of customization. The OCP tool was developed by Facebook and will continue to revolutionize the global market.”
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The new procurement market intelligence report analyzes some of the key drivers and trends responsible for the growth of this market and its sub-segments.
Increasing digitization
Increasing digitalization across the globe will increase the demand for IT infrastructure services across the globe. Buyers are seeking strong digital performance from suppliers due to an increase in the number of connected customers, and the emergence of automated processes and sophisticated analytics.
Demand from small-scale businesses
The capital limitation of SME businesses restricts these companies from affording infrastructures like servers and storage devices. Such limitations encourage SMEs to procure services from suppliers on a subscription basis. For instance, small clinics cannot afford their websites and maintain a database of appointments and patients. SaaS makes it easy for doctors to update the status of patient appointments and also helps keep track of patients and their healthcare records.
Need for scalable infrastructure
The increasing focus of businesses to reduce time-to-market and achieving scalability in operations to meet consumer demand is resulting in the growing need for IT infrastructure services. The market is also witnessing a growing demand for analytics-driven IT infrastructure that helps businesses in accurately forecasting their requirements and in responding faster to market needs. Such requirements in the market will help in the development of IT infrastructure services.
A more detailed analysis is available in the procurement market intelligence report titled, ‘Global Public Relations Services – Procurement Market Intelligence 2016.’
