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Adoption of Cloud Technology is Leading to the Transition of Traditional Infrastructure Services into Next-Generation Infrastructure Services: TechnavioThe global IT infrastructure services market is expected to grow at a CAGR surpassing 5% over the next four years, according to Technavio. This research report titled 'Global IT Infrastructure Services Market - Procurement Market Intelligence Report 2016' provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for all geographical regions. IT infrastructure services market at a glance The category analyses the growth of the global IT infrastructure services market, which is mainly driven by increased demand for cloud computing, due to its ability to reduce cost, mitigate risk, and achieve scalability of database capabilities. The IT infrastructure services industry is also witnessing rapid changes in its supply and technology landscape. Suppliers are adapting to these changes by adopting technology to enhance their operational efficiency. Increased adoption of cloud technology is leading to the transition of traditional infrastructure services into next-generation infrastructure services, where hardware and software are replaced with virtual desktops and cloud services. According to Angad Singh, a procurement intelligence specialist, "There is a growing demand for integrated service providers because buyers are looking to bundle all their IT infrastructure needs, as it eliminates supply chain complexities associated with multiple suppliers." Request a sample report: http://www.technavio.com/request-a-sample?report=52892 Technavio's new market intelligence sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more. Category spend intelligence researchers at Technavio highlight the increasing adoption of technology by IT infrastructure services market to gain a better understanding and provide better control of blasting activities. The technologies of today use concepts of open compute project (OCP (News - Alert)) and webscale-IT to incrase the level of customization and efficiency of processes. Some of the technological innovations in the market are listed below: Everything-as-a-Service (XaaS): This technology originated as Software-as-a-Service and later included Infrastructure-as-a-Service, Platform-as-a-Service, Desktop-as-a-Service, and Disaster Recovery-as-a-Service. It provides users with the flexibility to customize their computing environment. Amazon, an e-commerce giant, utilizes this technology to enhance their customization process and organization efficiency. Cloud 360: Cloud 360 is a service management layer containing hyperplatform solutions, which is used to connect applications and infrastructure in a cloud. It offers a 24/7 policy-based monitoring of the entire IT setup by providing 360-degree visibility and control over the entire environment in real time. International companies such as Cognizant use this technology. Hybrid cloud: Hybrid cloud uses a mix of private cloud and third-party public cloud to provide more flexibility to businesses by bringing colocation services, managed hosting, and cloud computing together in a single solution. Wipro (News - Alert) is the key end-user of this technology. Block chain: Block chain is a global database that can be used to create digital transaction ledgers. It uses tried-and-tested digital signature technology to enhance the security of transactions and reduce fraudulent activities. IBM (News - Alert) is the main end-user of this technology. Application-centric infrastructure: This technology helps reduce the total cost of ownership, accelerate data center application deployments, and automate IT tasks. It is an automation solution that enhances scalability through the integration of physical and virtual systems. Cisco (News - Alert) utilizes this technology to make their infrastructure more agile and simplify their operations. Big Data analytics: Big Data is used to examine large sets of data containing structured, semi-structured, and unstructured data and help organizations to uncover hidden patterns, market trends, unknown correlations, customer preferences, and other useful business information. IBM utilizes Big Data to improve operational efficiency and provide better customer service. The top five suppliers of the global IT infrastructure services market are:
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Do you need a report on a market in a specific geographical cluster or country but can't find what you're looking for? Don't worry, Technavio also takes client requests. Please contact [email protected] with your requirements and our analysts will be happy to create a customized report just for you. About Technavio Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. If you are interested in more information, please contact our media team at [email protected].
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