World Cloud-Based ITSM Sector to Grow at a 14.8% CAGR through 2021, Says M&M in Its Cutting-Edge Study Published at MarketPublishers.com09 Jun 2016 • by Natalie Aster
LONDON – Globally, the cloud-based IT service management (ITSM) industry is poised to gain traction, at a 14.8% CAGR, amounting to USD 8.78 billion by 2021-end. The cloud-based ITSM market is driven by key factors like the widespread uptake of BYOD policies and expanding mobile workforce, emergence of cutting-edge technologies like IoT and big data, and advantages of swift implementation, simplified deployment, and subscription-based pricing (SBP).
The dashboard, reporting, and analytics sector is set to register high growth in the years to come. These solutions are gathering speed in the marketplace as they assist in automating the process of collecting, organising, and identifying patterns in versatile and rapidly-changing IT service settings to diagnose problems faster and improvise IT performance.
North America region enjoys the lion’s market share. It has seen fast-paced adoption of BYOD policies for improved productivity, satisfaction of employees, and cost effectiveness. Latin America is witnessing the fastest CAGR. The high demand for cloud-based ITSM solutions in region is mainly due to the fact that local organisations are focusing on offering enhanced customer experience resulting in their capability of differentiating themselves from the competitors.
In-demand research report “Cloud-Based ITSM Market” elaborated by M&M delves deep into the marketplace on a global level. It provides a breakdown of the market based on solution, service, organisation size, vertical and by geographic region; examining and projecting the market size for the segments and the overall marketplace. The research study also limelights the market dynamics investigating key market growth drivers & restraints, opportunities available, and also key challenges to the sector’s growth. The report takes a look at key industry trends including an analysis of the value chain, strategic benchmarking, and comparisons of portfolios. Valuable details about the 10 leading market players are presented in the study, and the information on the top innovators in the industry is provided as well. Additionally, an exhaustive forecast of the world cloud-based ITSM market through 2021 is at hand in the report.
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