About ITSM Software
Increasing shift to cloud-based technologies will help to boost the global ITSM Software market. IT service management often referred to as ITSM is simply how IT teams to manage the end-to-end delivery of IT services to customers. This includes all the processes and activities to design, create, deliver, and support IT services. The core concept of ITSM is the belief that IT should be delivered as a service. Previously, ITSM solutions were considered to be a complex and costly on-premises affair, but currently, cloud-based versions of these solutions are easily available for SMEs. Large enterprises are opting for cloud-based ITSM solutions to manage their IT resources better and align their IT services with real-world business needs.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Leading key players are focusing on strategic partnerships to improve their products and services. Companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global ITSM Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ServiceNow, IBM (United States), ASG Technologies (United States), Atlassian (Australia), SolarWinds (United States), LogMeIn, Inc. (Hungry), BMC Software, Inc. (United States), Ivanti (United States), CA Technologies (United States) and Microsoft (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global ITSM Software market by Type (Service portfolio management, Configuration and change management, Service desk software, Operations and performance management and Dashboard, reporting, and analytics) and Region.
On the basis of geography, the market of ITSM Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Deployment Mode, the sub-segment i.e. On-premises will boost the ITSM Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Enterprise Size , the sub-segment i.e. Small and Medium Enterprises (SMEs) will boost the ITSM Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. Banking, Financial Services, and Insurance (BFSI) will boost the ITSM Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing shift to cloud-based technologies and Benefits of agile implementation, easy deployment, and OPEX model
Market Growth Drivers:
COVID-19—a catalyst to accelerate the adoption of cloud-based ITSM solutions and services
Challenges:
Lack of standard procedures and integration concerns with traditional architectures
Restraints:
Security and privacy concerns for confidential data and business processes
Opportunities:
Growing demand among small and medium-sized enterprises and Widespread adoption of BYOD trend and increasing mobile workforce
Market Leaders and their expansionary development strategies
In August 2021, Serviceaide, Inc., a global provider of intelligent, IT and enterprise service management solutions, announced the acquisition of SunView Software, a leading provider of IT Service Management (ITSM) software. With Fortune 1000 customers around the world, SunView partners with organizations to build smarter, more responsive IT service environments delivering better employee engagement, increased productivity, and improved customer satisfaction.
In May 2020, Onspring, a leading intelligent automation and real-time reporting platform that provides cloud-based solutions for risk and vendor management and internal audit, announces the launch of its newest no-code software solution.
Key Target Audience
Government Regulatory Bodies, Government Research Organizations, Private Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.