IT Operations And Service Management (ITOSM) Market To Witness Huge Growth By 2028: BMC Software, Oracle, IBM
Global IT Operations and Service Management (ITOSM) market was valued at USD 16.55 billion in 2021 and is expected to reach USD 37.52 billion by the year 2028, at a CAGR of 12.4%.
Management and maintenance of IT infrastructure and services is known as IT Operations and Service Management (ITOSM). Planning, delivering, managing, and optimising IT services to meet the needs of business users are all components of IT service management (ITSM). IT Operations and Service Management (ITOSM) is crucial because it helps businesses save money while still effectively managing their IT resources to serve the needs of their customers. Implementing best practises for IT service delivery, management, and optimization helps businesses save money and operate more effectively.
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Growing interest in cloud-based services is one factor propelling the ITOSM industry forward. By relying on an external provider for hardware and software maintenance and updates, cloud computing enables businesses to cut costs and increase productivity. This has fuelled the expansion of the ITOSM market by increasing demand for cloud-based services. As a result of the development of big data and analytics, another factor propelling the ITOSM market forward is the development of big data and analytics.
There will likely be numerous lucrative opportunities in the market in the coming years as cloud ITSM solutions become increasingly integrated with cutting-edge AI. During the forecast period, the market in APAC is expected to grow due to rising technology adoption in consumer goods, manufacturing, and transportation and logistics to improve the customer experience. Additionally, in a positive light. Furthermore, due to the abundance of opportunities in APAC, established players from all over the world are working to increase their footprint there.
The Report Will Include A Major Chapter
•Heat Map Analysis
•Price Trend Analysis
•Company Profiling and Competitive Positioning
•Industry Value Chain Analysis
•Market Dynamics and Factors
•Porter's Five Forces Analysis
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Segmentation Analysis of IT Operations and Service Management (ITOSM) Market:
By Product Type, IT Operations and Service Management market is segmented into IT operations and service management type (Configuration, Automation and Discovery, Event Management, Cloud Provisioning, Workload, and IT Automation), Managed Services, and Project Oriented Services.
Based on the end-user industry, the IT Operations and service management market has been segmented into BFSI, Telecom and IT, Government, Healthcare, Medical, Pharmaceutical, Aerospace, Defence, Retail and Wholesale Distribution, Education, Hospitality, Travel, Energy and Utilities.
• Configuration, Automation & Discovery
• Event Management
• Cloud Provisioning
• Workload & IT Automation
By End-User Industry
•Telecom and IT
•Retail & Wholesale Distribution
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•North America (U.S., Canada, Mexico)
•Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
•Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
•Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
•South America (Brazil, Argentina, Rest of SA)
Players Covered in IT Operations and Service Management (ITOSM) Market are:
•BMC Software Inc.
•CA Technology Inc
•Hewlett Packard Enterprise Company
•Solar Winds and other major players.
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The report provides insights on the following pointers:
1.Market Penetration: Offers comprehensive information on the market offered by the key players
2.Market Analysis: Provides detailed information on lucrative growing markets and examines market penetration across mature segments.
3. Market Diversification: Details regarding new product launches, untapped geographies, recent developments, and investments are provided.
4. Competitive Landscape: Provides an in-depth analysis of the top companies' market shares, strategies, products, certification, regulatory approvals, patent landscape, and production capabilities.
5.Industry Dynamics and Factors: Offers insightful information about future technologies, R&D initiatives, and game-changing product breakthroughs.
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