openPR Logo
Press release

IT Operations and Service Management Market to Witness Significant Growth in the Coming Years

03-16-2018 02:30 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
IT Operations and Service Management Market to Witness

The global IT operations and service management (ITOSM) market had reached US$17.44 bn in 2015. The market is on pace to exhibit a 6.5% CAGR between 2016 and 2024. Although the adoption of enterprise IT has palpably been on the rise in larger organizations, small and mid-sized businesses are still not entirely sold on the idea of investing in IT operations and service management because they continue to remain skeptical about the return on investment. While this challenges the growth of the ITOSM market’s growth, it is also where untapped opportunities lie, TMR expects.

Nevertheless, as more organizations in the manufacturing and IT and telecom sectors vie to keep abreast of the latest trends in enterprise IT, particularly cloud computing, the deployment of IT operations and service management solutions is bound to increase, says TMR. The need for IT application management, workload management, and configuration will continue to mount, enabling the ITOSM market to be worth US$30.96 bn by the end of 2024.

Digital Service Management is a Trend Worth Taking Note Of

Digitization is making inroads into virtually every industry vertical leading multibillion-dollar opportunities to spring up for companies in the IT enterprise solutions and services business. The value of virtually each solution is being measured based on how agile, scalable, and responsive it is – especially in the context of cloud-based systems. Against this backdrop, investment sentiment relating to IT operations and service management is expected to remain positive.

Get PDF Sample of This Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=12758

This has resulted in a greater assortment of services being offered by companies competing for a larger share of the pie in the ITOSM market. A case in point would be BMC Software’s announcement in February 2016 that it would be adding digital service management services and solutions to its existing mix of ITOSM offerings. Companies are also exploring takeovers and mergers to acquire digital service management (DSM) capabilities. Cisco Systems, Inc., for instance, has adopted this strategy by announcing an interest in DSM provider, DiviTech A/S.

Asia Pacific to Exhibit Fastest Growth as Organizations Pursue a Public Cloud Strategy

Asia Pacific will be front and center of the global IT operations and service management (ITOSM) market in terms of growth rate. Countries such as China, India, Japan, and South Korea are witnessing rising investor interest in enterprise IT and, subsequently, ITOSM. This trend will manifest in the form of an 8.1% CAGR for the Asia Pacific ITOSM market through the report’s forecast period. As the number of internet users in Asia Pacific rises and technologies such as 4G LTE make inroads in emerging economies, the amount of data generated is expected to soar. This factor will augur well for the growth of the ITOSM market. SMEs represent a massive untapped opportunity in the APAC region.

View This Report - https://www.transparencymarketresearch.com/it-operations-service-management-market.html

In 2015, ITOSM represented a US$5.70-bn opportunity in North America. The traditional ITOSM market is on the cusp of a sweeping digital transformation in North America, where enterprises want to be more agile and mobile. Innovation thus remains the cornerstone of growth for companies operating in the U.S. and Canada. This trend will add value to conventional suite of ITOSM services and put the North America ITOSM market firmly on the growth track.

Press Releases @ https://www.transparencymarketresearch.com/pressrelease/it-operations-service-management-market.htm

In the Middle East and Africa, upcoming big-ticket events such as the 2022 FIFA World Cup in Qatar and the Dubai World Expo 2020 has prompted enterprises to invest more in analytics, rich media, and smart devices. This will lead to greater demand for ITOSM services and solutions in the Middle East and Africa.

Brazil leads in Latin America, in terms of technology adoption. The country is followed by others such as Mexico, Argentina, and Chile. The overall increase in IT expenditure and the launch of secure mobile platforms for enterprises will benefit the growth of the ITOSM market in Latin America.

Companies at the forefront of the global ITOSM market include: Microsoft Corporation, BMC Software Inc., Oracle Corp., IBM Corporation, HP Inc., CA Technology, Inc., and Dell, Inc.

Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release IT Operations and Service Management Market to Witness Significant Growth in the Coming Years here

News-ID: 982194 • Views: 366

More Releases from Transparency Market Research

Pre-Printed Paper Rolls Market Demand Analysis and Projected huge Growth by 2027
Pre-printed paper rolls can be a powerful marketing tool for any business. In addition to these pre-printed paper rolls can be used for several applications such as labels, tapes, QR codes, etc. Pre-printed paper rolls are cost-effective and form a brand impression on consumers. Pre-printed paper rolls can be printed in many colors. They are colorful and appealing and are not like ordinary papers. For More Detailed Analysis, Request PDF
Duffle Top Bulk Bags Market Generates Huge Revenue Till 2027- Study By Key Playe …
Duffle top bulk bags made from plastic last long and are highly durable. Duffle top bulk bags are flexible and are strong to carry heavy loads. They have lift straps fixed at the top of the bag, which helps in handling and movement of duffle top bulk bags. Duffle top bulk bags can be of various types, which include opening from the bottom or opening from top. They are lightweight
Multi-Dose Packaging System Market Demand & Future Scope Including Top Players
Medicinal wastage and error in taking proper medication lead to need for multi-dose packaging system. Multi-dose packaging system has various benefits, which includes assisting patients with complicated prescription routines and the ability to enhance patient safety. It provides high-quality, smart packaging and also provides convenience to the patients. Multi-dose packaging system provides consumers with product protection, quality, and patient comfort. It has normal handling, and the formulation present in the
Cargo Belt Market 2020 Growth Rate, Developments in Major Areas, Market Size, Dy …
Globalization leads to the need for transportation of goods over the longer distance. This will drive the demand for cargo belts in the logistics & transportation industry. During the transportation of goods, about one-fourth of the accidents occurred due to poor handling of goods, which can be avoided by using the cargo belt. They are used in light and heavy lorries, trailers trucks, ships, and air crafts. Request PDF Sample For

All 5 Releases


More Releases for ITOSM

IT Operations and Service Management (ITOSM) Market Shares, Strategies and Forec …
Global IT Operations and Service Management (ITOSM) Market Size, Status and Forecast 2018-2025 The report provides a unique tool for evaluating the Market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date Marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on Markets and materials, capacities
IT Operations and Service Management (ITOSM) Market: Large Companies Leverage De …
As organizations become decidedly clearer about investing in more agile IT infrastructure, players in the IT operations and services management (ITOSM) market are compelled to be highly responsive to this change, a new report by Transparency Market Research finds. To this end, the change in the ITOSM competitive landscape is already evident. The future of IT operations and service management will increasingly be defined by the sharp focus on an unmatched
Global IT Operations and Service Management (ITOSM) Market Projected to Touch US …
Market Research Reports Search Engine (MRRSE) has been serving as an active source to cater intelligent research report to enlighten both readers and investors. This research study titled “IT Operations and Service Management (ITOSM) Market“ Request a Free Sample Report@ https://www.mrrse.com/sample/1770 The global IT operations and service management (ITOSM) market had reached US$17.44 bn in 2015. The market is on pace to exhibit a 6.5% CAGR between 2016 and 2024. Although the
Future of IT Operations and Service Management (ITOSM) Market 2016 - 2024 - Tech …
The research report on IT operations and service management (ITOSM) market provides a detailed analysis of how various organization use ITOSM solutions that helps to monitor, identify and recognize an irregular behavior of IT infrastructure and IT services and provide solutions aimed at improvement in management of the IT infrastructure. The IT operations and service management (ITOSM) market report provides analysis for the period from 2014 to 2024, wherein the
IT Operations and Service Management (ITOSM) Market: Global Industry Size, Share …
Latest industry research report on: Global IT Operations and Service Management Market | Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts The objective of this report is to define, describe, and forecast the market on the basis of type, application, medical condition, and region. It provides detailed information regarding the major factors influencing the growth of the market. This report also tracks and analyzes competitive developments of
IT Operations and Service Management (ITOSM) Market: Key Players and Production …
As organizations become decidedly clearer about investing in more agile IT infrastructure, players in the IT operations and services management (ITOSM) market are compelled to be highly responsive to this change, a new report by Transparency Market Research finds. To this end, the change in the ITOSM competitive landscape is already evident. The future of IT operations and service management will increasingly be defined by the sharp focus on an unmatched