Press release
IT Management as a Service Market 2016 to grow at a CAGR of 38.2% during the period to 2020
The IT management process involves managing all resources related to IT, based on the company’s priorities and needs. The resource managed may be tangible or intangible. IT management is aimed at generating value and profits through the adoption of technology. It helps to align business strategies with the technology adopted. Deployment of IT tools has become quick and easy through software as a service (SaaS). Small and medium-sized enterprises (SMEs) with a limited budget can also adopt IT technologies and solutions delivered through SaaS that follows the pay-per-use model.
Global ITMaaS market to grow at a CAGR of 38.2% during the period 2016-2020.
ITMaaS is delivered through SaaS and helps companies manage application monitoring, service desk management, and infrastructure management to achieve cost-efficient IT operation. The complexity of IT management solutions has increased significantly in the last two years. Customers' expectations and needs have evolved into a complex mixture and are no longer addressable by the traditional IT management practices. Vendors are continuously developing solutions to enhance customer experience at a reduced cost.
Covered in this report
The report covers the present scenario and the growth prospects of the global ITMaaS market for 2016-2020. To calculate the market size, the report considers the revenue generated from IT service management (ITSM) software, tools, and solutions provided to companies over the public cloud platform.
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The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Global IT Management as a Service Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• ServiceNow
• HP
• CA Technologies
• BMC Software
Other prominent vendors
• Absolute Software
• Cherwell Software
• EMC Infra
• Epicor Software
• FrontRange Solutions
• Fujitsu
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• Hornbill
• IBM
• ManageEngine
• Microsoft
• Oracle
• SAP
• Serena Software
• Sofigate
• Sunrise Software
• SunView Software
• Symantec
• SysAid Technologies
• VMware
Market driver
• Need to reduce IT costs
• For a full, detailed list, view our report
Market challenge
• Lack of transparency in SLAs
• For a full, detailed list, view our report
Market trend
• Cloud-based service desk
• For a full, detailed list, view our report
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