Cloud-Based ITSM Market worth 8.78 Billion USD by 2021

2024-11-02 05:18:52 Computer

2058

Operations and performance management solutions are expected to show positive trends during the forecast period
The operations and performance management solutions are expected to dominate the market from 2016 to 2021. This is due to the everyday need to maintain and manage organizational IT infrastructure and services. Furthermore, due to the increasing adoption of BYOD trends in enterprises, dashboard, reporting, and analytics solutions are expected to gain traction in the next 5 years.
Telecom and IT segment to grow at the highest rate during the forecast period
The telecom and IT segment is expected to grow at a rapid rate from 2016 to 2021 in the cloud-based ITSM market. The high growth rate can be attributed to the increased usage of smartphones and tablets across IT organizations. The healthcare and life science segment is expected to contribute the largest market share in the cloud-based ITSM market in 2016. The market is also projected to witness growth in the travel and hospitality, manufacturing, and education segment during the forecast period.
North America is expected to contribute the largest market share during the forecast period
North America is expected to have the largest market share and dominate the cloud-based ITSM market from 2016 to 2021, due to the rapid adoption of BYOD policies for enhanced productivity, employee satisfaction, and cost effectiveness. These policies require remote accessibility of information, which is facilitated by cloud-based ITSM solutions. Latin America offers potential growth opportunities, as there is rise in technology penetration and organizations are focusing on offering better customer experience to differentiate themselves from the competitors.
The major vendors in the cloud-based ITSM market include BMC Software, Inc., CA Technologies, ServiceNow, Cherwell Software, LLC, Hewlett Packard Enterprise Company, and HEAT Software USA, Inc., along with others. The report also includes key innovators in the market, such as ManageEngine (Zoho Corporation), CloudHealth Technologies, SysAid Technologies Ltd., Serena Software, Inc., and LANDesk Software, Inc.
Study Coverage:
The report covers detailed information regarding the major factors influencing the growth of the cloud-based ITSM market, such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been included to provide insights into their business overview, products and services, key strategies, new product launches, mergers and acquisitions, partnerships, agreements, collaborations, and recent developments associated with the cloud-based ITSM market.
For More Info - http://www.marketsandmarkets.com/Market-Reports/cloud-based-itsm-market-261087410.html
About MarketsandMarkets
MarketsandMarkets is the world?s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model ? GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M?s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com