Why the new ‘infrastructure services’ service is the right choice for your business
Posted On June 18, 2021
New data from infrastructure services provider Quinbrook reveals that businesses are investing heavily in infrastructure services to keep up with demand, and that the industry has reached an all-time high in terms of customer satisfaction.
The firm says that the investment in infrastructure service investments is on par with the investment of all of the major technology companies combined.
Quinbrook also revealed that the overall growth in infrastructure investments since the first quarter of 2019 has been at an all time high.
As of Q3 2019, Quinbrook says that all of its infrastructure service providers had invested $5.9 billion in infrastructure and infrastructure related assets, while the industry was at $3.7 billion.
For comparison, the combined investment by Google and Microsoft has been around $3 billion per quarter since the third quarter of 2017.
As the company notes, this growth in investment comes as the industry is at a peak in terms for infrastructure and has been a key driver of recent record revenue growth.
The growth in revenue has come as the number of infrastructure and related services providers has been steadily growing over the past few years.
In Q1 2019, there were over 4,000 infrastructure and associated services providers, and in Q3 2018, there was over 1,000.
According to Quinbrook, the overall sector has witnessed a 50% increase in investment over the last five years.
While Quinbrook’s data is a snapshot of what’s happening across the entire infrastructure sector, it does reveal that infrastructure service is also one of the biggest drivers of revenue growth in the industry.
Quinridge believes that the infrastructure services industry is poised to continue to grow and will become a leader in the next few years, and its research into the industry’s data and trends will help it determine where and how to build its future growth.