Service Integration and Management Market By 2025 With Comprehensive Study on DXC Technology, Atos, IBM, Capgemini, Accenture, HCL Technologies, Fujitsu Global, Mindtree, Oracle, NTT DATA Services
The service integration and management market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025. The Global Market is expected to reach USD 5.4 billion by 2025 from USD 3.4 billion in 2017 and is projected to grow at a CAGR of 5.90% in the forecast period of 2018 to 2025.
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Report Forecasting Regional and Global Analysis on Service Integration and Management Market By Component (Solution, Services), Organization Size (Small And Medium-Sized Enterprises, Large Enterprises), Vertical (IT And Telecommunications, Banking, Financial Services And Insurance, Retail, Manufacturing, Energy And Utilities, Transportation And Logistics, Others(Healthcare And Government)) and Geographical Segments.
Service integration and management is an outsourcing service model which is designed for interchangeably with multi-sourcing service integration. This is operates through IT departments, which oversee several functions such as network efficiency and database management. It consists of three steps of function- Traditional multi-sourcing, total outsourcing single-outsourcing and total outsourcing and multi-sourcing. The renowned players in global service integration and management market are
· HCL Technologies
· DXC Technology
· NTT DATA
Other prominent players are Quint Wellington Redwood, ServiceNow, CGI, Cherwell , BAE Systems, Infosys, Little Fish, Keysource, Tieto , 4me, Data Ductus , Sofigate, Sopra Steria and many more. The global service integration and management market is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes market shares of Service Integration and Management market for global, Europe, North America, Asia Pacific and South America.
· In 2016, Capgemini launched the digital manufacturing services, which enabled the industrial organization to transform their business for the digital age.
· In 2018, IBM launched the cloud app management with the cloud native offerings.
Service integration and management provides IT information security, operational service management, toolset integration, service transition planning and support. This solution is expected to reduce the risk of installed products, warranty expiry dates, and delayed tasks. In addition, it provide different service levels, organization are not connected locked with single service provide which reduce risk. It is flexible to swap suppliers to connect with the requirements.
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The market is segmented based on Component, organization size and Vertical and geographical segments.
· Based on Component, the market is segmented into
· Based on solution the market is sub-segmented into business solution sand technology solutions.
The business solution is further sub-segmented into contract management, governance, risk and control, procurement, auditing and invoicing.
Technological solution is further sub-segmented into applications, infrastructure, training and support.
· Based on services market is segmented into advisory, implementation, automation.
· Based on Organization Size the market is segmented into
• Small and medium-sized enterprises
• Large enterprises
· Based on Vertical the market is segmented into
• IT and Telecommunications
• financial services and insurance
• Energy and Utilities
• Transportation and Logistics
• Others (Healthcare and Government)
· Based on geography, the market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.
· Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, South Africa, and Brazil among others.
Market Drivers and Restraints:
· Increasing demand for IT operation unit setup.
· Rising demand in supply network for delivery services.
· Rising demand for rise in outsourcing of service integration.
· Difficulty in third party integration.
· Growing demands in small and medium enterprises (SMEs).
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