Cloud ITSM Market Projected to Reach $15.66 Billion by 2026 | CAGR 17.4%

Cloud ITSM Market

Cloud ITSM Market

An upsurge in the adoption of cloud-based technologies and integration of AI-Enabled tools with ITSM solutions drive the growth of the global cloud ITSM market.

PORTLAND, OREGON, UNITED STATES, September 28, 2020 /EINPresswire.com/ — Rise in adoption of cloud-based technologies and integration of AI-Enabled tools with ITSM solutions drive the growth of the global cloud ITSM market. However, security and privacy concerns for confidential data and business processes hinder the market growth. On the other hand, increasing mobile workforce and growing demand among SMEs create new opportunities in the coming years.

According to the cloud ITSM market analysis in Asia-Pacific, the market is projected to generate the highest growth rate during the forecast period, owing to increase in number of startups and adoption of artificial intelligence (AI) technologies, such as machine learning, image processing, and others.

The global cloud ITSM market generated $4.32 billion in 2018, and is estimated to reach $15.66 billion by 2026, registering a CAGR of 17.4% from 2019 to 2026. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenario.

Download Sample Report: https://www.alliedmarketresearch.com/request-sample/6309

Based on industry vertical, the IT & telecommunications segment accounted for the largest share in 2018, holding more than one-third of the total share, and is expected to maintain the largest share throughout the forecast period. However, the retail segment is estimated to portray the highest CAGR of 24.3% during the forecast period.

Based on component, the solution segment contributed to the largest share in 2018, accounting for nearly two-thirds of the total share, and is estimated to maintain its dominant position during the forecast period. However, the services segment is expected to register the highest CAGR of 18.9% from 2019 to 2026.

For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/6309

Based on region, North America contributed the highest share, accounting for more than two-fifths of the total market share in 2018, and will maintain its dominance throughout the forecast period. However, Asia-Pacific is expected to grow at the highest CAGR of 22.5% from 2019 to 2026.

Leading market players analyzed in the research include Axios Systems, BMC Software, CA Technologies, Citrix Systems, Hewlett Packard Enterprise, International Business Machines Corporation (IBM), ManageEngine, Micro Focus, Microsoft Corporation, and ServiceNow.

Access full summary at: https://www.alliedmarketresearch.com/cloud-itsm-market-A05944

Similar Reports:

Self-Organizing Networks Market is Expected to Reach $8.3 Bn by 2022
Self-Service Technology Market is Expected to Reach $31.75 Billion by 2020
Transaction Monitoring Software Market to Reach $25,419.40 Mn by 2026

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

David Correa
Allied Analytics LLP
+1 800-792-5285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn

Avenue.! An Online Subscription Based Library of Reports – Allied Market Research


Source: EIN Presswire