IT Service Management Tools Market 2022
The global IT Service Management Tools Market is poised to grow significantly over the next decade. Artificial Intelligence is expected to have an irreversible impact on day-to-day functioning. It has speech and photo recognition, smartphone personal assistants, navigation apps, ride-sharing apps, and so on. It will also help in creating greater job opportunities. This will be the scene with vertical ICT during the forecast period.
According to the market research report for IT service management tools, the global market is estimated to amount to more than US $ 5 Bn by the end of the year under analysis from a value of approximately US $ 2.6 Bn in 2017 and it is expected to grow at a high CAGR of 9.3% during the forecast period, 2017-2025.
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Understanding the various facets of the global IT service management tools market, Persistence Market Research has developed an analytical research publication entitled “IT Service Management Tools Market: Global Industry Analysis (2012- 2016) and Forecast (2017-2025) ”. The comprehensive research report on IT service management tools focuses on various developments, trends, constraints, opportunities, drivers and challenges affecting the growth of the global market of management tools IT services. These factors vary in magnitude in different regions where a detailed analysis is covered in this research report. At the same time, a detailed competition analysis and forecasts for a period of eight years, from 2017-2025, are detailed about each segment and sub-segment of the global market of IT service management tools.
Top Players:
The report describes some of the Key players that are prevalent globally such as – ServiceNow, Inc., Atlassian, IBM, CA Technologies, BMC Software, Inc., Ivanti Software, ASG Software, Axios Systems, SAP and Cherwell Software. etc.
This report covers sales volume, price, revenue, total margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future insights into IT Service Management Tools.
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Global IT Service Management Tools Market: Aspects Influencing Growth
The transition from the traditional helpdesk to IT service management tools, the transformation of the IT service catalog into the enterprise service catalog, increasing popularity of cloud services and some benefits associated with the tools IT service management such as predicting and avoiding issues before its impact on end users, improving service delivery, improved business processes and asset utilization, increasing delivery speed as well as quality of new business services, enhanced integration and faster problem solving to increase service quality and reduce costs will support the growth of the global IT service management tools market. Factors such as lack of in-house expertise, longer turnaround times and security associated with cloud deployment are driving the growth of the IT service management tools market.
Global IT Service Management Tools Market: Segmental Highlights
The global IT service management market is segmented by type, by deployment, by industry and by region.
By type, the configuration management segment is expected to show high potential in the coming years. This segment is expected to lead the global market with respect to market value. It is estimated at more than US $ 700 Mn in 2017 and is expected to reach a valuation of more than US $ 1.4 Bn by the end of the assessment period with a stable CAGR
In the deployment category, the cloud segment is expected to witness higher adoption in the future. This segment has gained rapid popularity due to the various benefits it offers. The cloud deployment segment is expected to grow at a high CAGR of 10.1% throughout the analysis period. Conversely, the on-premise segment is expected to lead the market with high estimates as it is poised to reach approximately US $ 3 Bn by the end of 2025.
According to the region, North America is expected to show higher attractiveness in the coming years. The market of IT service management tools in North America is expected to increase at a steady rate to reach a high market value of approximately US $ 2 Bn by the end of 2025. The Asia Pacific region will also shows high potential and the market in this region is expected to grow at a higher pace to register a CAGR of 10.0% throughout the forecast period.
Region Scope (Regional Production, Demand and Forecast by Countries etc.):
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East and Africa (Saudi Araia, South Africa etc.)
Key Stakeholders:
Manufacturers in the IT Service Management Tools Market
Distributors/Traders/Wholesalers in the IT Service Management Tools Market
Manufacturer Subcomponents in the IT Service Management Tools Market
Industry Association
Downstream Vendor
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IT Service Management Tools Market Report Key Questions are answered
How is the IT Service Management Tools Market expected to grow in the expected time?
What direction is the IT Service Management Tools Market expected to take in terms of quantity and value during the forecast period?
What is the impact of macroeconomic factor on IT Service Management Tools Market in the future?
What are the major market drivers in the IT Service Management Tools Market?
What are the significant opportunities and areas of improvement for the IT Service Management Tools Market manufacturers?
What are the key developments and trends driving the IT Service Management Tools Market?
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