Remote Infrastructure Management Is Estimated To Witness High...

Remote Infrastructure Management Is Estimated To Witness High Growth Owing To Growing Security And Management Concerns

Posted 2024-01-30 15:07:31

Remote infrastructure management involves centralized monitoring and management of IT infrastructure and applications located at different on-premises and remote locations. It provides various advantages such as increased visibility, reduced operational costs, enhanced security and compliance, simplified management, and improved productivity. Remote infrastructure management solutions are widely adopted across industries for managing domains like networks, servers, storage, databases, applications, endpoints etc.

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 Dynamics:

Growing security and management concerns across organizations is a key driver propelling the growth of remote infrastructure management market. Remote infrastructure management solutions help address security challenges by centralizing access controls and monitoring activities from a single console. They also simplify infrastructure management by automating routine tasks, reducing overhead costs and improving productivity. Furthermore, the rise of cloud and hybrid IT environments has augmented the need for centralized monitoring of on-premises and public/private cloud infrastructure in real-time. Remote infrastructure management provides the ability to manage multiple environments from a single dashboard.

SWOT Analysis
Strength: The Remote Infrastructure Management market offers centralized monitoring and control of multiple networks and systems spread across various locations remotely. This saves operational time and costs for companies. It provides automatic alerts and notifications of anomalies or issues which helps resolve problems quickly. Remote infrastructure management allows access to systems from any internet-connected device which provides flexibility to managers.
Weakness: Security is a major concern as remote access enables cyberattacks on critical networks and systems. Lack of physical oversight can also result in hardware issues being missed initially. Dependence on stable internet connectivity for operations is also a weakness. Transitioning existing on-premise infrastructure to remote management model requires investing in new tools and training which costs money.
Opportunity: As more organizations adopt flexible work policies, remote infrastructure management provides opportunities to better support remote/hybrid workforces. It also allows expanding IT support coverage to new offices and locations at lower costs versus hiring local teams. Growing digital transformation of industries is increasing the complexity of IT systems which is driving demand for centralized monitoring and management solutions.
Threats: Growing number of sophisticated cyber threats pose risks if security measures are not robust. Competition from open-source and cheaper alternatives can erode pricing power of vendors. Regulatory changes affecting data sovereignty and privacy can impact business models.

Key Takeaways

The global Remote Infrastructure Management Market Demand is expected to witness high growth driven by increasing complexity of IT systems across industries and growing adoption of remote working models among companies. The market size is forecast to reach US$ 48.42 Mn in 2024 and estimated to surpass US$ 65 Mn by 2031, registering a CAGR of 1.6% during the forecast period.

Regional analysis: North America currently dominates the market due to high technology adoption rates and presence of leading vendors. However, Asia Pacific is expected grow at the fastest pace during the forecast period supported by growing digital transformation spending in countries like China, India and investments in remote work technologies. Countries in Southeast Asia, Middle East and Africa also present major opportunities for market expansion.

Key players: Key players operating in the remote infrastructure management market are Sofidel Group, Kimberly-Clark Corporation, WEPA Industrie Holding SE, MetsÃ¤ 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 new product development, partnerships and mergers & acquisitions to gain shares in this growing market.