Industry Background:
Cloud-based ITSM is a cloud-managed service that helps organizations perform everything from the planning to the operation of IT (information technology) services. Cloud-based ITSM deals with the execution of information technology services particularly for the customer’s needs. It is carried out by the IT service provider via the right processes, people and information technology.This growth is primarily driven by Increasing Shift to Cloud-Based Technologies and Integration of Ai-Enabled Tools With ITSM Solutions.
Globally, a noticeable market trend is evident Benefits of Agile Implementation, Easy Deployment, and Opex Model. The Internet Software & Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as ServiceNow (United States), HPE (United States), IBM (United States), BMC Software (United States), CA Technologies (United States), Cherwell Software (United States), Ivanti (United States), Citrix Systems (United States), Hornbill (UK) and Axios Systems (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On Sept. 24, 2020, Serviceaide, Inc., a global provider of intelligent IT and enterprise service management solutions, today announced Luma 2.5, the industry’s first virtual service and support agent optimized for easy, conversational access to enterprise knowledge and automated services.
On 25th June 2020, ServiceNow to expand its data center capacity in the UK and Ireland. ServiceNow is developing new data center facilities in two locations: Newport, UK, and Dublin, Ireland. This expansion will increase the company's footprint in Europe and continue to ensure the scalability of its cloud services.
Market Drivers
- Increasing Shift to Cloud-Based Technologies
- Integration of Ai-Enabled Tools With ITSM Solutions
Market Trend
- Benefits of Agile Implementation, Easy Deployment, and Opex Model
Restraints
- Security and Privacy Concerns for Confidential Data and Business Processes
Opportunities
Growing Demand Among SMEs and Widespread Adoption of BYOD Trend and Increasing Mobile Workforce
Challenges
Lack of Standard Procedures and Integration Concerns With Traditional Architectures
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Cloud ITSM Study Sheds Light on
The Cloud ITSM Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Cloud ITSM industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cloud ITSM industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.