LONDON--(BUSINESS WIRE)--According to the latest procurement intelligence report from Technavio, the global IT infrastructure services 2016-2020 is expected to grow at a CAGR of 5.3% over the next five years, driven by increased demand for cloud computing.
The research report titled ‘Global IT Infrastructure Services: Procurement Intelligence Report 2016-2020’ provides an in-depth analysis of category spend, best procurement practices and cost saving opportunities, aimed at helping organizations achieve superior business performance. The report also provides insights on pricing, supplier positioning and top companies, enabling sourcing professionals to improve their competitive advantage through procurement excellence.
“During the forecast period, the IT infrastructure services market will be driven by technological advancements such as hybrid cloud and big data analytics,” says lead Technavio procurement specialist Angad Singh for category spend intelligence. “Also, growing demand from industries such as BFSI, retail, healthcare, telecommunications and IT, manufacturing, and research and consulting, will also drive the market,” adds Angad.
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Cost saving opportunities in the IT infrastructure services market
The adoption of various cost-optimization levers helps buyers of IT infrastructure services realize direct cost savings and enhance category management and value benefits (including reduced procurement complexities).
Technavio procurement experts have segmented the cost saving opportunities in the IT infrastructure services market into the following value-enhancement opportunities:
- Adoption of technology
- Supplier Competition
- Adoption of negotiation strategies
- Optimization of procurement practices
- Bundling of services
Adoption of technology saving aspects
Technologies such as unified communication as a service, virtual platforms, and use of big data analytics tools can help cost-savings up to 30% of the total category spend.
As the amount of information being generated is increasing exponentially, buyers prefer to engage with suppliers who have adopted new technologies and have the capability of scaling and controlling data to help buyers follow market trends.
Supplier competition saving aspects
Competitive bidding among suppliers can help secure price discounts and negotiations can lead to the inclusion of value-added services. Buyers want to engage with suppliers that can scale the size, scope, and range of IT infrastructure services based on their business needs. It is also important to predict future business needs and develop technologies that will make the infrastructure flexible for end-users.
Bundling of services saving aspects
One of the most opportunistic strategic cost saving levers in the global IT infrastructure services market is the need for consolidation and unification of IT Infrastructure services. Integrated delivery of storage services, network services, end-user computing, and technical support management facilitates operational efficiency and helps optimize costs.
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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