Dublin, Oct. 09, 2023 (GLOBE NEWSWIRE) -- The "System Infrastructure Software Market by Type, Application, End Use, and Region 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global system infrastructure software market achieved a remarkable size of US$ 149 Billion. The market is poised for robust growth, with a projected value of US$ 241.85 Billion by 2028. This impressive expansion is anticipated to be driven by a steady compound annual growth rate (CAGR) of 8.50% during the period spanning 2023 to 2028.
Elevated Digitalization and Cloud Adoption Fuel Market Growth
System infrastructure software plays a pivotal role in the development and maintenance of computer systems. It manages various system components, including operating systems, files, memory, processors, and peripherals. This software is crucial for ensuring the overall performance and reliability of computer systems, facilitating interactions with interfaces, applications, and users.
It offers essential services like backup, networking, and security and coordinates and manages all software applications within the system. Businesses, organizations, and individuals across various sectors, including finance and healthcare, rely on system infrastructure software for services like database management, web server software, and more.
Market Trends:
- Digital Transformation: The ongoing global digital transformation and substantial investments in software solutions for optimizing IT infrastructure, enhancing operational efficiency, and streamlining business processes are key drivers of market growth.
- Complex IT Environments: The increasing complexity of IT environments has fueled demand for robust system infrastructure software capable of managing and orchestrating diverse components such as networks, servers, storage systems, and virtualization technologies.
- Cloud Computing: The widespread adoption of cloud computing and the need for automation to improve scalability, reduce workforce costs, and enhance business process transparency favor market growth.
- Data Explosion: The exponential growth in data generated by organizations and the rising number of data centers have increased the demand for system infrastructure software to optimize resource utilization and operational efficiency.
- Compliance and Data Protection: Adherence to compliance regulations and data protection laws has driven the adoption of system infrastructure software to manage IT infrastructure and data privacy.
- Emerging Technologies: Advancements in artificial intelligence (AI), machine learning (ML), big data analytics, the Internet of Things (IoT), and virtualization technologies present growth opportunities.
Key Market Segmentation:
The report provides a comprehensive analysis of market trends and regional forecasts:
Type:
- Storage
- Network and System Management
- Security
Application:
- Building Management
- Integrated Communications
- Data Center Infrastructure
- Cloud Integrations
End Use:
- Manufacturing
- IT and Telecom
- BFSI
- Transportation and Logistics
- Retail
- Healthcare
- Others
Regional Insights:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
Competitive Landscape:
The report offers an in-depth analysis of the competitive landscape in the global system infrastructure software market. It includes detailed profiles of major companies such as Amazon Web Services Inc., Apple Inc., BMC Software Inc., Broadcom Inc., Cisco Systems, Inc., Dell Inc., Hewlett Packard Enterprise Development LP, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, and more. Please note that this is a partial list, and the complete list is available in the report.
Key Questions Addressed in the Report:
- How has the global system infrastructure software market performed and what is its growth outlook until 2028?
- What are the drivers, restraints, and opportunities in the global system infrastructure software market?
- What is the impact of each driver, restraint, and opportunity on the global system infrastructure software market?
- Which regions hold the most potential in the global system infrastructure software market?
- What is the most attractive type in the system infrastructure software market?
- What is the most promising application in the system infrastructure software market?
- What is the competitive landscape of the global system infrastructure software market?
- Who are the key players/companies in the global system infrastructure software market?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 142 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $149 Billion |
| Forecasted Market Value (USD) by 2028 | $241.85 Billion |
| Compound Annual Growth Rate | 8.4% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/osq1h3
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