IT Service Management (ITSM) Market Expanding at a CAGR of 17% during 2024-2030

Global IT Service Management (ITSM) Market Overview: Latest Trends, Industry Size, Share and Growth Projection

“Markntel Advisors – Leading Market Research Company” has recently conducted a comprehensive examination of the Global IT Service Management (ITSM) Market, encompassing the forecast period from 2024-30. Utilizing data from the historical period of 2019-22, with 2023 serving as the base year, our proficient team of analysts has devoted considerable time to gather and scrutinize the latest market information. The result is a thorough and current report that proves valuable for individuals making data-driven decisions, including business owners and analysts. Whether your objective is to explore new markets, introduce a new product, or maintain a competitive edge, our research report on the IT Service Management (ITSM) Market offers well-researched facts and figures relevant to the industry.

IT Service Management (ITSM) Market Driver

Efficient Management & Enforcement of IT Processes & Policies Achieved Through Automation – In today's globalized and highly competitive market, allocating resources to core business functions is essential. This includes rectifying any issues with the IT infrastructure that could disrupt regular operations, a risk no organization can afford to take lightly. Effective service management streamlines tasks like recovering systems or handling network faults, taking the workload off administrators' shoulders, and minimizing downtime for prompt problem resolution. Moreover, while human intervention is initially necessary for developing guidelines & policies around these processes, automation ultimately leads to smoother overall functioning by reducing disruptive incidents, further driving the IT Service Management (ITSM) Market globally.

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IT Service Management (ITSM) Market Segmentation Analysis:

The IT Service Management (ITSM) Market displays a notable combination of robustness and fragmentation, featuring various segments each further subdivided into various sub-segments. Recognizing the significance of market segmentation is crucial for businesses aiming to tailor their strategies, products, and services to align with the specific needs and demands of their target customers. A thorough analysis of market segments and their associated sub-segments empowers businesses to pinpoint new growth opportunities, predict market trends, and devise impactful marketing and sales strategies.

The Global IT Service Management (ITSM) Market is segmented as follows:

By Offering

- Solutions- Market Size & Forecast 2019-2030, (USD Million)

-- Service Portfolio Management- Market Size & Forecast 2019-2030, (USD Million)

--- Service Catalogue Management- Market Size & Forecast 2019-2030, (USD Million)

--- Service Pipeline Management- Market Size & Forecast 2019-2030, (USD Million)

--- Demand Management- Market Size & Forecast 2019-2030, (USD Million)

--- Others- Market Size & Forecast 2019-2030, (USD Million)

- Configuration & Change Management- Market Size & Forecast 2019-2030, (USD Million)

--- Configuration Management Database- Market Size & Forecast 2019-2030, (USD Million)

--- Change Control- Market Size & Forecast 2019-2030, (USD Million)

--- Version Control- Market Size & Forecast 2019-2030, (USD Million)

--- Others- Market Size & Forecast 2019-2030, (USD Million)

- Service Desk Software- Market Size & Forecast 2019-2030, (USD Million)

--- Incident Management- Market Size & Forecast 2019-2030, (USD Million)

--- Problem Management- Market Size & Forecast 2019-2030, (USD Million)

--- Service Request Management- Market Size & Forecast 2019-2030, (USD Million)

--- Knowledge Base- Market Size & Forecast 2019-2030, (USD Million)

--- Others- Market Size & Forecast 2019-2030, (USD Million)

- Operations & Performance Management- Market Size & Forecast 2019-2030, (USD Million)

--- Performance Monitoring- Market Size & Forecast 2019-2030, (USD Million)

--- Capacity Management- Market Size & Forecast 2019-2030, (USD Million)

--- Event Management- Market Size & Forecast 2019-2030, (USD Million)

--- Others- Market Size & Forecast 2019-2030, (USD Million)

-- Dashboard, Reporting & Analytics- Market Size & Forecast 2019-2030, (USD Million)

- Services- Market Size & Forecast 2019-2030, (USD Million)

-- Managed Services- Market Size & Forecast 2019-2030, (USD Million)

-- Professional Services- Market Size & Forecast 2019-2030, (USD Million)

--- Consulting- Market Size & Forecast 2019-2030, (USD Million)

--- Integration & Implementation- Market Size & Forecast 2019-2030, (USD Million)

--- Training, Support & Maintenance- Market Size & Forecast 2019-2030, (USD Million)

By Organization Size

- Large Enterprises- Market Size & Forecast 2019-2030, (USD Million)

- SMEs- Market Size & Forecast 2019-2030, (USD Million)

By Deployment Model

- On-premises- Market Size & Forecast 2019-2030, (USD Million)

- Cloud- Market Size & Forecast 2019-2030, (USD Million)

By Vertical

- BFSI- Market Size & Forecast 2019-2030, (USD Million)

-- Transaction Processing- Market Size & Forecast 2019-2030, (USD Million)

-- Security Management- Market Size & Forecast 2019-2030, (USD Million)

-- Compliance Management- Market Size & Forecast 2019-2030, (USD Million)