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Cloud ITSM Market Industry Analysis, Challenges, Drivers, Trends and Forecast to 2020-2025

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Elena Anderson
Cloud ITSM Market Industry Analysis, Challenges, Drivers, Trends and Forecast to 2020-2025

According to IMARC Group’s latest report, titled “Cloud ITSM Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global cloud ITSM market to continue its moderate growth during the next five years.

Cloud IT service management (ITSM) designs, deploys, delivers, supports, and manages the IT services of an organization. It constitutes of hardware and software devices, cloud storage, computing resources, web and mobile applications, and virtual servers. Cloud ITSM provides a fast, agile, and appropriate solution to unaccustomed events, opportunities, and competitive threats. It also aids in enhancing the productivity of small or mid-sized businesses with limited resources.

Get a PDF Sample for more detailed market insights:https://www.imarcgroup.com/cloud-itsm-market/requestsample

Market Trends

Cloud-based technology has emerged as a cost-effective and advanced technique to manage the data of an organization by implementing various solutions and services, thereby driving the demand for cloud ITSM. Furthermore, the sudden outbreak of the COVID-19 pandemic has impelled several governments to impose lockdown regulations and encourage social distancing measures to curb the disease transmission. This has led to the adoption of work-from-home models which is currently augmenting the need for cloud ITSM. Moreover, the prevalent trend of bring-your-own-device (BYOD) has enabled employees to remotely access the organizational data and resources, thereby bolstering the demand for advanced ITSM solutions. Additionally, the advent of several technologies, such as Big Data, blockchain, machine learning, Internet of Things (IoT), predictive analytics, augmented reality (AI), and virtual reality (VR), is further anticipated to propel the market growth in the coming years.

Cloud ITSM Market 2020-2025 Analysis and Segmentation:

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being 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.

Breakup by Component:

  • Solutions
    • Operation and Performance Management
    • Service Portfolio Management
    • Service Desk Software
    • Dashboard Reporting and Analytics
    • Configuration and Change Management
  • Services
    • Professional Services
    • Managed Services

Breakup by End User:

  • Large Enterprises
  • Small and Medium Enterprises

Breakup by Vertical:

  • BFSI
  • IT and Telecommunication
  • Healthcare
  • Manufacturing
  • Retail
  • Education
  • Others

For more information about this report https://www.imarcgroup.com/cloud-itsm-market

Breakup by Region:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Contact US:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: [email protected]
USA: +1-631-791-1145
Follow us on twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group

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