ITSM Market by End-user, Application, and Geography - Forecast and Analysis 2020-2024

 

the ITSM market and it is poised to grow by USD 3.29 bn during 2020-2024, progressing at a CAGR of almost 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Frequently Asked Questions:

• What are the major trends in the market?
  The advent of advanced technologies is a major trend driving the growth of the market.
• At what rate is the market projected to grow?
  The year-over-year growth for 2020 is estimated at 7.86% and the incremental growth of the market is anticipated to be $ 3.29 bn.
• Who are the top players in the market?
  Alemba Ltd., Fujitsu Ltd., Broadcom Inc., BMC Software Inc., Atlassian Corporation Plc, AXIOS SYSTEMS Plc, Cherwell Software LLC, Citrix Systems Inc., DXC Technology Co., EasyVista SA, and Hewlett Packard Enterprise Co, are some of the major market participants.
• What is the key market driver?
  The effective IT service incident and problem management is one of the major factors driving the market.
• How big is the North America market?
  The North America region will contribute 44% of the market share.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alemba Ltd., Fujitsu Ltd., Broadcom Inc., BMC Software Inc., Atlassian Corporation Plc, AXIOS SYSTEMS Plc, Cherwell Software LLC, Citrix Systems Inc., DXC Technology Co., EasyVista SA, and Hewlett Packard Enterprise Co are some of the major market participants. The effective IT service incident and problem management will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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ITSM market 2020-2024: Segmentation

ITSM market is segmented as below:

• End-user
• IT And Telecom
• BFSI
• Public Sector
• Others
• Application
• CM
• ITAM And ITSD
• A And PM
• NM
• Others
• Geographic Landscape
• APAC
• Europe
• MEA
• North America
• South America

ITSM market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The ITSM market report covers the following areas:

• ITSM market Size
• ITSM market Trends
• ITSM market Industry Analysis

This study identifies the advent of advanced technologies as one of the prime reasons driving the ITSM market growth during the next few years.