Multi Vendor Support Services Market 2021 Competitive Insights - IBM Corporation, Oracle Corporation, Microsoft Corporation, Clear Technologies, Inc., Dell Technologies Inc

The Multi Vendor Support Services Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The multi vendor support services market is expected to grow at 4.1% CAGR during the forecast period of 2020-2025.

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Top Leading Companies of Multi Vendor Support Services Market are IBM Corporation, Oracle Corporation, Microsoft Corporation, Clear Technologies, Inc., Dell Technologies Inc, Evernex Group SAS, Hewlett Packard Enterprise Co, Quantum Corp, Blue Sky Group Ltd, Softcat plc and others.

Industry News and Updates

In April 2020, Fenergo and IBM Corporation entered into an OEM agreement that will see both organizations collaborate on the creation of the BFSI sector's crime solutions. The primary aim for both firms is that customers using the Fenergo platform via IBM will have access to the selection of additional support services, including IT support, system developers, predictive analytics, and multi-vendor processing.

- In June 2020, Ribbon Communications announced that ECI, which recently merged with Ribbon, has successfully participated in a wide range of 5G tests at the interoperability showcase organized by the EANTC. In the seminar, Ribbon has shown multi vendor interoperability testing of advanced transport features of 5G networks. This newly developed multi vendor service will help the company to gain a competitive edge in the market landscape.

Key Market Trends

North America Geographic Segment is Expected to Hold a Significant Share Throughout the Forecast Period

- The primary driver for the North America geographic segment's growth is the significant presence of technology providers. These players focus on entering into partnerships, merger-acquisitions, and innovative solutions offerings to stay in the regional and globally competitive landscape. Countries like the US are a significant contributor to the growth of the North American market segment. The US market is growing due to the changing IT infrastructure landscape, especially in small and medium enterprises (SMEs), who are continually focusing on outsourcing IT solutions and services.

- In November 2019, Rimini Street, Inc., a provider of IT business software products and services, announced its Application Management Services for Oracle. The service scope includes coverage for Oracle Database, and a wide range of Oracle applications including JD Edwards, E-Business Suite, PeopleSoft, and Siebel.

Regional Outlook of Multi Vendor Support Services Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Multi Vendor Support Services Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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