Global Cloud-Based IT Service Management (ITSM) Industry

Global Cloud-Based IT Service Management (ITSM) Industry

  • October 2019 •
  • 108 pages •
  • Report ID: 5798170 •
  • Format: PDF
Cloud-Based IT Service Management (ITSM) market worldwide is projected to grow by US$9.4 Billion, driven by a compounded growth of 15%. Solution, one of the segments analyzed and sized in this study, displays the potential to grow at over 13.8%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$9.6 Billion by the year 2025, Solution will bring in healthy gains adding significant momentum to global growth.

- Representing the developed world, the United States will maintain a 16.2% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$372.6 Million to the region’s size and clout in the next 5 to 6 years. Over US$447.3 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Solution will reach a market size of US$689.4 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 14.8% over the next couple of years and add approximately US$1.7 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

- Competitors identified in this market include, among others, Axios Systems PLC; BMC Software, Inc.; CA Technologies, Inc.; Cherwell Software, LLC; Citrix Systems, Inc.; HEAT Software USA, Inc.; Hewlett Packard Enterprise Development LP (HPE); Hornbill Corporate Ltd.; IBM Corporation; ServiceNow, Inc.