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Market research analysts at Technavio predict that the global system infrastructure revenue market will grow at a CAGR of around 6% by 2021. The increasing shift towards service-oriented architecture is identified as one of the primary growth factors for this market. The increasing demand for innovative products and services from the SMBs has increased the need for IT frameworks for the fast delivery of products and services. Service-oriented architecture (SOA) offers IT framework for companies to manage their IT infrastructure with increased flexibility. It enables organizations to implement cloud-based solutions in a simplified way and takes lesser time for implementation. Moreover, the SOA model reduces the IT expenditures for organizations and helps in the gradual growth of small businesses. Additionally, SOA also provides loosely coupled architecture and design applications, services, and codes, which can be reused for further applications.
In terms of geographic regions, the Americas will be the major revenue contributor to the IT infrastructure revenue market throughout the forecast period. The growing popularity of digital financial services that drives the adoption of cloud-computing services propels the market’s growth in this region. Moreover, the increased adoption of the IaaS model by a majority of the SMEs in the financial services sector also drives the growth of the system infrastructure revenue market in the Americas.
The system infrastructure revenue market consists of vendors making investments towards developing customized cloud-based solutions to strengthen their global presence. Competition in the IT infrastructure revenue market is expected to increase due to a substantial rise in the demand for cloud computing services. Start-up firms and mid-size cloud computing firms have also entered the cloud computing market and provide cloud-based services for all the end-user segments.
The leading vendors in the market are -
The other prominent vendors in the market are Apprenda, Bungee Labs, CA, Engine Yard, Qlik, RACKSPACE, Red Hat, Salesforce.com, SAP, Telefónica, VMware, and Wipro.
During 2016, the SaaS segment accounted for the major shares of the system infrastructure revenue market. End-users are increasingly adopting SaaS-based software solutions for customer relationship management (CRM), core banking, wealth management, accounting, and payroll. The rising demand for predictive analysis systems such as SaaS-based software will contribute to the growth of the IT infrastructure revenue market in this segment.
According to this market research report, the BFSI segment accounted for the maximum shares of the system infrastructure revenue market during 2016. It has been estimated that the segment will retain its market dominance in the coming years due to the increasing adoption of cloud solutions such as analytics, big data, CRM, and human resource management. Moreover, huge investments in IT solutions by the BFSI firms and the rising demand for mobility services in the financial sector will also drive the growth prospects for the IT infrastructure revenue market in this end-user sector.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market size and forecast
PART 07: Market segmentation by service type
PART 08: Market segmentation by end-user
PART 09: Geographical segmentation
PART 10: Decision framework
PART 11: Drivers and challenges
PART 12: Market trends
PART 13: Five forces analysis
PART 14: Vendor landscape
PART 15: Key vendor profiles
PART 16: Appendix
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