The most recent report by MarkNtel Advisors, titled “Global IT Service Management (ITSM) MarketBy Offering (Solutions, (Service Portfolio Management, (Service Catalogue Management, Service Pipeline Management, Demand Management, Others), Configuration & Change Management (Configuration Management Database, Change Control, Version Control, Others), Service Desk Software (Incident Management, Problem Management, Service Request Management, Knowledge Base, Others), The Global IT Service Management (ITSM) Market size was valued at USD 9.98 billion in 2023 and is estimated to grow at a CAGR of around 17% during the forecast period, i.e., 2024-30. ” offers a comprehensive industry assessment and market outlook. This research presents an extensive overview of the present market conditions, encompassing market trends and the latest developments. The report delves deeply into aspects such as market size, market share, industry trends, forecasts, and the competitive landscape, providing a clear and well-supported depiction of the market through relevant statistical data.
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Global IT Service Management (ITSM) Market Driver:
Efficient Management & Enforcement of IT Processes & Policies Achieved Through Automation – In today’s globalized and highly competitive market, allocating resources to core business functions is essential. This includes rectifying any issues with the IT infrastructure that could disrupt regular operations, a risk no organization can afford to take lightly. Effective service management streamlines tasks like recovering systems or handling network faults, taking the workload off administrators’ shoulders, and minimizing downtime for prompt problem resolution. Moreover, while human intervention is initially necessary for developing guidelines & policies around these processes, automation ultimately leads to smoother overall functioning by reducing disruptive incidents, further driving the IT Service Management (ITSM) Market globally.
What do you get in this report?
- Forecasts for the Global IT Service Management (ITSM) Market, encompassing both well-established and emerging markets.
- An exploration of various market perspectives using Porter’s Five Forces analysis.
- Insights into the market sectors poised to dominate on a scale.
- Projections for regions expected to experience the most rapid growth during the forecast period.
- Examination of the latest developments, market shares, and marketing strategies employed by top competitors in the Global IT Service Management (ITSM) industry.
- Factors influencing the overall market’s growth trajectory.
- Potential barriers to the market’s expansion in the coming years.
- An in-depth look at the competitive landscape and intricate insights into the potential business opportunities for key market players.
- Pricing strategies adopted by various participants within the Global IT Service Management (ITSM) Market.
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Stay ahead of the market competition:
The report integrates factual data, numerical figures, and market insights to generate revenue assessments and market projections. This is accomplished through a diverse array of statistical tools and the expertise of industry professionals. Each prominent player undergoes a comprehensive examination, which includes a SWOT analysis, a detailed profile, and a complementary Porter’s Five Forces analysis.
To seize emerging opportunities, key market participants have consistently been revaluating and adjusting their strategies and operational methods. Our analysis extends beyond major corporations to encompass regional small and medium-sized enterprises that hold significant roles and possess substantial growth potential. This approach allows us to accurately portray the level of competition within the industry.
This section provides detailed information about the key market participants: –
ServiceNow, BMC Software, Oracle, Boardcom, ManageEngine, Ivanti, ZenDesk, GoTo, Solar Winds, Atlassian, OpenText, Symphonyai Summit, Efecte, Microsoft, IBM, Others.
In-depth analysis of Global IT Service Management (ITSM) Market Segmentation:
Our thorough analysis of market segmentation provides accurate and insightful data to assist our readers in making informed and strategic investment decisions. The research encompasses market forecasts at the global, regional, and national levels. It examines market trends within each market category for the years 2024 through 2030.
The Global IT Service Management (ITSM) Market is highly fragmented and categorized into the following segments:
By Offering
-Solutions- Market Size & Forecast 2019-2030, (USD Million)
-Service Portfolio Management- Market Size & Forecast 2019-2030, (USD Million)
-Service Catalogue Management- Market Size & Forecast 2019-2030, (USD Million)
-Service Pipeline Management- Market Size & Forecast 2019-2030, (USD Million)
-Demand Management- Market Size & Forecast 2019-2030, (USD Million)
-Others- Market Size & Forecast 2019-2030, (USD Million)
-Configuration & Change Management- Market Size & Forecast 2019-2030, (USD Million)
-Configuration Management Database- Market Size & Forecast 2019-2030, (USD Million)
-Change Control- Market Size & Forecast 2019-2030, (USD Million)
-Version Control- Market Size & Forecast 2019-2030, (USD Million)
-Others- Market Size & Forecast 2019-2030, (USD Million)
Service Desk Software- Market Size & Forecast 2019-2030, (USD Million)
-Incident Management- Market Size & Forecast 2019-2030, (USD Million)
-Problem Management- Market Size & Forecast 2019-2030, (USD Million)
-Service Request Management- Market Size & Forecast 2019-2030, (USD Million)
-Knowledge Base- Market Size & Forecast 2019-2030, (USD Million)
-Others- Market Size & Forecast 2019-2030, (USD Million)
-Operations & Performance Management- Market Size & Forecast 2019-2030, (USD Million)
-Performance Monitoring- Market Size & Forecast 2019-2030, (USD Million)
-Capacity Management- Market Size & Forecast 2019-2030, (USD Million)
-Event Management- Market Size & Forecast 2019-2030, (USD Million)
-Others- Market Size & Forecast 2019-2030, (USD Million)
Dashboard, Reporting & Analytics- Market Size & Forecast 2019-2030, (USD Million)
-Services- Market Size & Forecast 2019-2030, (USD Million)
-Managed Services- Market Size & Forecast 2019-2030, (USD Million)
-Professional Services- Market Size & Forecast 2019-2030, (USD Million)
-Consulting- Market Size & Forecast 2019-2030, (USD Million)
-Integration & Implementation- Market Size & Forecast 2019-2030, (USD Million)
-Training, Support & Maintenance- Market Size & Forecast 2019-2030, (USD Million)
By Organization Size
-Large Enterprises- Market Size & Forecast 2019-2030, (USD Million)
-SMEs- Market Size & Forecast 2019-2030, (USD Million)
By Deployment Model
-On-premises- Market Size & Forecast 2019-2030, (USD Million)
-Cloud- Market Size & Forecast 2019-2030, (USD Million)
By Vertical
-BFSI- Market Size & Forecast 2019-2030, (USD Million)
-Transaction Processing- Market Size & Forecast 2019-2030, (USD Million)
-Security Management- Market Size & Forecast 2019-2030, (USD Million)
-Compliance Management- Market Size & Forecast 2019-2030, (USD Million)
-Others- Market Size & Forecast 2019-2030, (USD Million)
-Telecommunications- Market Size & Forecast 2019-2030, (USD Million)
-Network Management- Market Size & Forecast 2019-2030, (USD Million)
-Service Provisioning- Market Size & Forecast 2019-2030, (USD Million)
-Incident Management- Market Size & Forecast 2019-2030, (USD Million)
-Others- Market Size & Forecast 2019-2030, (USD Million)
-IT/ITes- Market Size & Forecast 2019-2030, (USD Million)
Service Desk Support- Market Size & Forecast 2019-2030, (USD Million)
-Change Management- Market Size & Forecast 2019-2030, (USD Million)
-Application Development & Maintenance- Market Size & Forecast 2019-2030, (USD Million)
-Others- Market Size & Forecast 2019-2030, (USD Million)
-Government & Public Sector- Market Size & Forecast 2019-2030, (USD Million)
-eGovernment Services- Market Size & Forecast 2019-2030, (USD Million)
-IT Infrastructure Management- Market Size & Forecast 2019-2030, (USD Million)
-Security & Compliance- Market Size & Forecast 2019-2030, (USD Million)
-Others- Market Size & Forecast 2019-2030, (USD Million)
-Retail & Consumer Goods- Market Size & Forecast 2019-2030, (USD Million)
-eCommerce Platform Management- Market Size & Forecast 2019-2030, (USD Million)
-Inventory Management Systems- Market Size & Forecast 2019-2030, (USD Million)
-Customer Support- Market Size & Forecast 2019-2030, (USD Million)
-Others- Market Size & Forecast 2019-2030, (USD Million)
-Manufacturing- Market Size & Forecast 2019-2030, (USD Million)
-Manufacturing Execution Systems (MESs)- Market Size & Forecast 2019-2030, (USD Million)
-Supply Chain Management- Market Size & Forecast 2019-2030, (USD Million)
-Quality Control Systems- Market Size & Forecast 2019-2030, (USD Million)
-Others- Market Size & Forecast 2019-2030, (USD Million)
-Energy & Utilities- Market Size & Forecast 2019-2030, (USD Million)
-Smart Grid Management- Market Size & Forecast 2019-2030, (USD Million)
-SCADA Systems- Market Size & Forecast 2019-2030, (USD Million)
-Asset Management- Market Size & Forecast 2019-2030, (USD Million)
-Others- Market Size & Forecast 2019-2030, (USD Million)
-Media & Entertainment- Market Size & Forecast 2019-2030, (USD Million)
-Content Management Systems (CMSs)- Market Size & Forecast 2019-2030, (USD Million)
-Digital Rights Management (DRM)- Market Size & Forecast 2019-2030, (USD Million)
-Broadcasting Systems- Market Size & Forecast 2019-2030, (USD Million)
-Others- Market Size & Forecast 2019-2030, (USD Million)
-Healthcare- Market Size & Forecast 2019-2030, (USD Million)
-Electronic Health Records (EHRs)- Market Size & Forecast 2019-2030, (USD Million)
-Healthcare IT Systems Management- Market Size & Forecast 2019-2030, (USD Million)
-Patient Care Applications- Market Size & Forecast 2019-2030, (USD Million)
-Others- Market Size & Forecast 2019-2030, (USD Million)
-Education- Market Size & Forecast 2019-2030, (USD Million)
-Learning Management Systems (LMSs)- Market Size & Forecast 2019-2030, (USD Million)
-Student Information Systems (SISs)- Market Size & Forecast 2019-2030, (USD Million)
-Campus IT Infrastructure- Market Size & Forecast 2019-2030, (USD Million)
-Others- Market Size & Forecast 2019-2030, (USD Million)
-Others- Market Size & Forecast 2019-2030, (USD Million)
By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific.
Key Questions:
- What are the particular strategies and constraints impacting market demand?
- How will patterns, challenges, and trends influence the expansion and extent of the market?
- Which market factors will contribute to the formulation of client and corporate strategies?
- What factors, such as rising demand and ongoing market developments, are exerting an influence?
- What level of growth potential or capacity does the market possess in the near future?
- Which region is likely to command the largest market share in the upcoming period?
- Among the market segments discussed, which ones might be exploring opportunities for further expansion?
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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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