Published Date: 24-Nov-2022
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According to a new report, published by KBV research, The Global System Infrastructure Software Market size is expected to reach $237.8 billion by 2028, rising at a market growth of 8.4% CAGR during the forecast period.
The Network & System Management segment is leading the Global System Infrastructure Software Market by Type in 2021 thereby, achieving a market value of $109.1 billion by 2028. The implementation of system and network management infrastructure software is being driven by the strong emphasis that various end-use companies are placing on optimizing their business operations to lower labor costs and increase the transparency of business processes.
The Building Management segment is showcasing a CAGR of 8.6% during (2022 - 2028). The strong market potential is anticipated as smart buildings gain popularity across the globe. Building Management System (BMS) software is integrated by smart building solution providers to effectively control IoT-linked devices and provide a solid, consistent connectivity system throughout the scattered network.
The IT & Telecom segment acquired maximum revenue share in the Global System Infrastructure Software Market by End-use in 2021 thereby, achieving a market value of $55.7 billion by 2028. The increase in demand for 5G connection, edge computing, and IoT services as well as an increase in internet users are both factors contributing to the growth of this segment. To increase connectivity and coverage and draw in potential business clients, telecommunications providers are modernizing their network infrastructure.
The North America market dominated the Global System Infrastructure Software Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $87.2 billion by 2028. The Europe market is exhibiting a CAGR of 8% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 8.9% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Amazon Web Services, Inc., BMC Software, Inc., Broadcom Inc., Cisco Systems, Inc., Dell Technologies, Inc., Hewlett Packard Enterprise, IBM Corporation, Microsoft Corporation, Oracle Corporation, and TIBCO Software Inc.
By End Use
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