SHERIDAN, WYOMING, UNITED STATES, April 27, 2022 /EINPresswire.com/-According to the latest IMARC Group report, titled “Cloud ITSM Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027, “The global cloud ITSM market will reach US $ 6.1 Billion in 2021. It is expected, IMARC Group expects the market to reach US $ 16.7 Billion in 2027, showing a CAGR of 18.1% in 2022-2027.
We regularly monitor the direct impact of COVID-19 on the market, along with the indirect influence of related industries. These observations will be included in the report.
Cloud IT service management (ITSM) designs, deploys, delivers, supports, and manages an organization’s IT services. Hardware and software devices, cloud storage, computational resources, web and mobile applications, and virtual servers make up this infrastructure. Unexpected events, opportunities, and competitive threats require a fast, flexible, and appropriate response from the ITSM cloud. It also helps small and medium sized companies with limited resources increase their production.
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Market Trends
Cloud-based technology has evolved as a cost-effective and advanced way of managing an organization’s data by implementing various solutions and services, resulting in increasing demand for cloud ITSM. Furthermore, the rapid emergence of the COVID-19 pandemic has prompted many governments to implement lockdown rules and promote social distance measures to prevent the spread of the disease. As a result, work-from-home models are becoming more popular, increasing the demand for cloud ITSM. Furthermore, the popular bring-your-own-device (BYOD) movement has allowed employees to access organizational data and resources from anywhere, fueling the need for advanced solutions. ITSM. Several technologies have also emerged, such as Big Data, blockchain, machine learning, Internet of Things (IoT), predictive analytics, augmented reality (AI), and virtual reality.
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Segmentation:
Solutions
Operations and Performance Management
Service Portfolio Management
Desk Software Services
Dashboard Reporting and Analytics
Configuration and Modification Management
Services
Professional service
Managed services
End User Separation:
Big Business
Small and Medium Business
Breakup by Vertical:
BFSI
IT and Telecommunications
Taking care of your health
Working
Tingi
Education
The others
Geographical Separation:
North America (US and Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, etc.)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, etc.)
Latin America (Brazil, Mexico)
Middle East and Africa
Competitive Landscape:
The report also analyzed the competitive market landscape with some of the major players Axios Systems, BMC Software Inc., CA Technologies (Broadcom Inc.), Cherwell Software LLC, Citrix Systems Inc., Hewlett Packard Enterprise, International Business Machines Corporation (IBM), Micro Focus International Plc, Microsoft Corporation, Oracle Corporation, ServiceNow and SysAid Technologies Ltd.
Key report highlights:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Analysis of Porter’s Five Forces
Market Drivers and Success Factors
SWOT analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently covered by the report, we can provide it to you as part of customization.
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About us
IMARC Group is a leading market research company offering management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest value opportunities, address their most important challenges, and transform their businesses.
IMARC’s information products include key market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing techniques are at the top of the company’s expertise.
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