Growing usage of the software tools for asset management is expected to drive the automated infrastructure management solutions market over the coming years. Asset management helps the IT administrator to proactively plan and manage the costs and expenditure associated with the infrastructure facilities. Effective control and visibility of these assets throughout the life cycle of the equipment optimizes the asset use, drives down its costs and guarantees that enterprise receives full value from investment in the technology. AIM solutions provide lifecycle management of the assets by controlling and recording the information and status of the equipment from time to time. Moreover, several benefits which are offered by these solutions include increased IT service management efficiency, optimized asset utilization, reduced security and compliance risks and control of the IT costs. Such benefits are driving the adoption of the efficient software tools, thereby providing an impetus to the automated infrastructure management solutions market.
Automated infrastructure management solutions market has been experiencing considerable growth lately with the increasing need for automated documentation in data centers and commercial buildings. With the implementation of AIM solutions at the workplace, network administrators can improve the monitoring and provisioning of network connectivity. Prior to the advent of AIM solutions, myriad companies dealing with data management had been using manual tools which were prone to human errors. In addition, network technicians had to spend more time for updating and maintaining these documents, making the entire process time-consuming and expensive.
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Considering the difficulties associated with cumbersome documentation processes, the need to obtain cost-effective returns and operational benefits became all the more rampant, leading companies in IT, telecommunication, banking, and manufacturing sectors to preferably deploy automated infrastructure management systems on a large scale. The increasing acceptance for AIM systems for speeding up operations in the workplace is thus slated to fuel automated infrastructure management solutions market.
Taking into account the increasing acceptance of AIM systems, most players in the automated infrastructure management solutions industry have been continuously harnessing new technology trends such as IoT, AI, and AR. In 2016 for instance, BMC, New Relic, and Splunk incorporated artificial intelligence (AI) features in their IT monitoring tools to analyze data very effectively. The launch of application-centric advanced data management systems will thus lead to more companies wanting to use AIM solutions to resolve several IT infrastructural related issues, thereby propelling automated infrastructure management solutions market trends.
Countries like the U.S. and Canada which have been prominently preferring automation for enhancing productivity will experience operational simplicity with the development of such IoT and cloud computing solutions, further advancing AIM solutions market growth. Incidentally, in 2017, North America held an appreciable 40% of the overall automated infrastructure management solutions market share on account of the robust digitalization and adoption of colocation services across both the aforementioned nations.
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The growing importance of AIM for security, asset management, and problem-solving across commercial business spheres is likely to impel the product demand in the future. More importantly, the transformation of a physical infrastructure into data centers aided by software intelligence will help companies to commendably enhance their operations. The surging deployment of AIM systems across myriad domains for improving data management facilities is poised to stimulate automated infrastructure management solutions market size, which is expected to surpass a revenue collection of USD 3.5 billion by the end of 2024.
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