Description
This report provides an update to our total infrastructure services market share projection for the period 2020-25. Our data was updated in 2H20 to account for the changes brought on by the COVID-19 pandemic. The changes to our projections were relatively modest as all indications are that the sector has proved to be resilient even in the face of widespread difficulties. The sector has benefited from the shift of various aspects of life and business to the online medium, while taking advantage of counter-cyclical dynamics that have created significant tailwinds. There is historical precedent for such counter-cyclical growth. The 2008-09 financial crisis caused a global economic slowdown. But the infrastructure services sector was not adversely impacted and continued to push forward steadily. It is obviously not a perfect comparison and the sector has matured a great deal over the last decade. Cloud is no longer a secret and the model is understood by IT decision-markers. But when there is a tightening of belts and initiatives to drive IT efficiency – whether organic or brought on by cataclysmic and unforeseen events – the value proposition of outsourced infrastructure resonates. And with that comes adoption, expansion and uptake in value-add services. Needless to say, this has translated into the underlying numbers. This is a sector that is expected to be worth $203.5b in 2020 and projected to grow at a five-year CAGR of 24.5%.
