Press release
Cloud-Based ITSM Market Size, Trends, Latest Insights, Analysis and Forecast 2024-2031
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The increasing adoption of artificial intelligence (AI) is propelling the demand for automation services in business processes. The surging autonomy is assisting several IT enterprises to increase productivity and reduce the time required for task execution. This is driving the demand for advanced cloud ITSM software solutions globally. Additionally, the rising concept of BYOD is anticipated to favor the global cloud ITSM market growth in the forthcoming years.
The cloud-based software services enable efficient planning, designing, operating, delivering, and controlling of several IT aspects to cater to customer demand. The global cloud IT service management (ITSM) market is fragmented by the presence of major companies that are focusing on acquiring other small companies to expand their cloud IT service management (ITSM) services portfolio and further boost their sales revenue. Additionally, other key players are adopting strategies such as the introduction of new products, expansion of the facility, and collaboration that will bode well for the market growth during the forecast period. For instance, in January 2020, ServiceNow, Inc. completed the acquisition of Loom Systems. ServiceNow's IT Service Management (ITSM) and IT Operations Management (ITOM) solutions are combined with Loom Systems Technology. This acquisition is expected to aid the company in strengthening its product portfolio to cater to the growing demand across industries.
Global Cloud-Based ITSM Market Report Segment
By Component
• Solutions
• Services
By Organization Size
• Large Enterprises
• Small & Medium Enterprises
By Industry Vertical
• IT & Telecommunication
• Healthcare
• Manufacturing
• Retail
• Education
A full report of Cloud-Based ITSM Market available @ https://www.omrglobal.com/industry-reports/cloud-based-itsm-market
Cloud-Based ITSM Market Report Segment by Region
North America
• United States
• Canada
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Middle East & Africa
• Latin America
Company Profiles
• Atlassian Corp.
• Axios Systems PLC
• BMC Software
• CA Technologies
• Cherwell Software
• Citrix Systems
• Freshworks, Inc.
• Hewlett Packard Enterprise Co.
• Hornbill Corporate Ltd.
• IBM Corp.
• Ivanti
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Email: anurag@omrglobal.com
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Company Name: Orion Market Research
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