Press release
Global IT Service Management Tools Market to Witness Rapid Growth in Demand During 2017 - 2025
Huge Demand of Global IT Service Management Tools Market during 2022-2025New Study Reports "IT Service Management Tools Market 2022, Global Segmentation, Demand, Growth, Trend, Opportunity Forecasts 2025" has been Added on PMR.
Report Overview
The report published on the IT Service Management Tools Market is a comprehensive analysis that includes the key parameters and indicators critical in understanding the market. The data from the years 2022 to 2025 has been used to present the market status and size. The study also covers the overall market valuation along with the CAGR for the forecast period. The introductory chapter presents an overview of the IT Service Management Tools Market along with the product definition and market scope. The report also analyzes consumer trends regarding the products along with the industry development trends.
As per the research report on the market for IT service management tools, the global market is estimated to reach a value of more than US$ 5 Bn by the end of the assessment year from a value of about US$ 2.6 Bn in 2017 and is projected to grow at a high CAGR of 9.3% during the period of forecast, 2017-2025.
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Understanding various facets of the global IT service management tools market, Persistence Market Research has come up with an analytical research publication titled "IT Service Management Tools Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)". The comprehensive IT service management tools research report focuses on various developments, trends, restraints, opportunities, drivers and challenges impacting the growth of the global IT service management tools market. These factors vary in magnitude in different regions for which a detailed analyses is covered in this research report. Along with this, a detailed competition assessment and forecasts for a period of eight years, from 2017-2025, are elaborated with respect to each segment and sub-segment of the global IT service management tools market.
Key Players:
The report has profiled some of the Important players prevalent in the global like - ServiceNow, Inc., Atlassian, IBM, CA Technologies, BMC Software, Inc., Ivanti Software, ASG Software, Axios Systems, SAP and Cherwell Software. and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the IT Service Management Tools.
Global IT Service Management Tools Market: Growth Influencing Aspects
Transition from traditional helpdesk to IT service management tools, transformation of IT service catalogue to enterprise service catalogue, increasing prominence of cloud services and several benefits associated with IT service management tools such as prediction and prevention of issues before their impact on end users, improvement in delivery of services, enhanced business processes and asset utilization, rise in delivery velocity as well as quality of new business services, enhanced integration and faster resolving of problems to increase quality of service and reduce costs are supporting the growth of the global IT service management tools market. Factors like lack of in-house expertise, longer turnaround times and security associated with cloud deployment are pulling 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 showcase high potential in the years to follow. 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 period of assessment with a robust CAGR
In the deployment category, the cloud segment is expected to witness higher adoption in the future. This segment gained quick popularity owing to various benefits it offers. The cloud deployment segment is expected to grow at a high CAGR of 10.1% throughout the period of assessment. On the contrary, the on-premise segment is anticipated to lead the market with a high estimation as it is poised to reach about US$ 3 Bn by the end of 2025
By region, North America is expected to show higher attractiveness in the years to come. The IT service management tools market in North America is expected to soar at a robust rate to reach a high market value of about US$ 2 Bn by 2025 end. Asia Pacific region also shows high potential and the market in this region is projected to grow at a higher pace to register a CAGR of 10.0% throughout the period of forecast.
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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders:
IT Service Management Tools Market Manufacturers
IT Service Management Tools Market Distributors/Traders/Wholesalers
IT Service Management Tools Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
If you have any special requirements, please let us know and we will offer you the report as you want.
IT Service Management Tools Market - Report Highlights
A detailed overview of parent market of IT Service Management Tools market
Changing IT Service Management Tools market dynamics in the industry
In-depth segmentation of the IT Service Management Tools market
Historical, current, and projected IT Service Management Tools market size regarding volume and value
Recent industry trends and developments in IT Service Management Tools market
Competitive landscape of the IT Service Management Tools market
Strategies for key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on IT Service Management Tools market performance
Must-have information for IT Service Management Tools market players to sustain and enhance their market footprint.
Key Questions Answered in This Report:
What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
If you have any special requirements, please let us know and we will offer you the report as you want and also We Provide you Table of Content.
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