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The system infrastructure software market is poised for significant expansion, with a projected value of at USD 158.72 Billion in 2023, and is expected to reach USD 309.36 billion by 2031 according to the SNS Insider report. This remarkable growth, estimated at a CAGR of 8.7% from 2024 to 2031. This remarkable growth trajectory is primarily driven by the burgeoning adoption of cloud technologies and automation solutions across various industries. Businesses are increasingly seeking ways to optimize their IT operations, streamline workflows, and bolster security measures. System infrastructure software provides a comprehensive suite of tools that effectively addresses these critical needs.
Growing Demand for Streamlined IT Operations and Enhanced Security
The market’s scope, encompassing various software types designed to augment an organization’s IT performance. These solutions address critical areas like workforce support, business transaction management, and internal services and processes. By leveraging system infrastructure software, businesses can achieve greater operational efficiency, reduce costs, and ensure smooth functioning across departments.
key growth factors propelling the market forward. Advancements in cloud technology and virtualization are expected to significantly impact market growth. Additionally, the rising demand for automation and integrated approaches to business processes will further fuel market expansion. However, challenges such as high implementation costs and the lack of standardized frameworks may hinder market progress to some extent. Conversely, the growing trend of Bring Your Own Device (BYOD) policies presents a significant opportunity for key players in the system infrastructure software market.
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Major The Key Players of System Infrastructure Software Market
IBM Corporation, Wipro Limited, Hewlett Packard Enterprise Company, Cisco Systems, Inc., BMC Software, Inc., Amazon Web Services Inc, TIBCO Software Inc., Oracle Corporation, Dell Inc., Broadcom
Market Segmentation and Dominating Segments
- By Type
The network and system management software currently holds the dominant share. This dominance stems from the increasing emphasis on business automation across various industries. Businesses are actively seeking ways to reduce workforce costs and enhance transparency in their operations, leading them to adopt network and system management software solutions.
- By Application
This is primarily due to the growing popularity of smart buildings worldwide. Building management service providers heavily rely on system infrastructure software integrated into Building Management Systems (BMS) to efficiently manage IoT-connected devices and establish robust unified interconnection systems. These integrated systems enable centralized management with enhanced security, reliability, improved uptime, and efficient resource utilization.
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Key Market Segments
By Type
- Storage
- Network and System Management
- Security
By Application
- Building Management
- Integrated Communications
- Data Center Infrastructure
- Cloud Integrations
By Organization Size
- Large Enterprises
- Small and Medium-sized Enterprises
By End-User
- IT
- Telecom
- BFSI
- Healthcare
- Government
- Public Sector
- Retail
- Others
Recent Developments
In May 2023: General Motors announced plans to bolster its software development capabilities and collaborate with Abbott to offer revenue-generating features and digital services for both consumers and businesses. This move exemplifies the growing importance of software within the automotive sector, as companies strive to develop “software-defined vehicles” with advanced functionalities.
In May 2023: Financial institutions like Deloitte, S&P Global, and Moody’s are collaborating to promote the adoption of the Canton Network, a blockchain platform utilizing Web3 technology to bring greater clarity to financial markets.
Geopolitical Impact
The ongoing Russia-Ukraine conflict has significantly impacted the system infrastructure software market, particularly in India. Heightened cybersecurity concerns have fueled the demand for security software solutions. This trend is particularly evident in India, where businesses are increasingly wary of potential cyberattacks from Russia or its allies. During the first quarter of 2023, the Indian system infrastructure software market witnessed a remarkable 12% year-over-year growth, primarily driven by the surging demand for security software, cloud-based solutions, and open-source software. This growth trend is expected to continue, with an anticipated annual expansion of 15% for the Indian market throughout 2023.
Economic Downturn and Regional Dominance
The impending economic slowdown is expected to pose challenges for the system infrastructure software market. IT spending is likely to decline as businesses prioritize cost-saving measures during a recession. This may lead to project delays or cancellations, impacting the market growth. Cloud adoption may lead to a shift away from on-premises software purchases, potentially hindering the market for traditional software solutions. Additionally, there might be a rise in interest towards open-source software options. Despite these challenges, the first quarter of 2023 saw an 8% year-over-year growth in the European system infrastructure software market. The combined effect of these trends increased demand for security software, cloud-based solutions, and open-source software – is expected to partially offset the slowdown caused by the economic recession.
Dominant Regional Presence
The North American region currently holds the leading position in the system infrastructure software market, accounting for approximately 35-38% of the overall market share. Firstly, the prolific presence of data centers in the region encourages companies to establish independent data infrastructure systems for data processing and storage. Secondly, the emergence of numerous startups in the U.S. and Canada creates robust market opportunities.
The Asia Pacific market is anticipated to exhibit significant growth during the forecast period. This is fueled by rising investments in digital infrastructure and the growing focus of startups in the region on raising funds to accelerate product innovation and expand their client base.
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Key Takeaways
- Businesses are increasingly adopting cloud technologies and automation solutions to streamline IT operations and enhance efficiency.
- The growing threat landscape necessitates robust security software solutions, fostering market growth.
- The rise of smart buildings creates a significant demand for system infrastructure software for integrated building management systems.
- North America’s established data center infrastructure and Asia Pacific’s focus on digital transformation will drive regional market growth
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