Call Us Sign-Up/Sign-In
Spain Brazil Russia France Germany China Korea Japan

Artificial Intelligence driven Marketing Communications

IT Service Management Market is Expected to Grow at a CAGR of Approximately 12% During the Forecast Period 2017-2023

iCrowdNewswire   Jan 6, 2021  5:11 PM ET


IT service management is a method that is meant for delivering data technology services for the organizations and addressing the customers. Prime factor behind the growth is the growing number of professionals utilizing technologies at the offices. Its ability to enhance the functionality of an organization at a significant rate boosts the prospects of IT Services Management market in a great way. Estimations claim that IT service management can enhance productivity to around 75 percent.

Ability of IT service management to lower the manpower requirement of the organizations is one of the prime reasons behind the growing demand for it, and hence the growing market prospects. It makes sure that crucial tasks, like change management, property management, etc., are handled most seamlessly. Making use of the collaborative tools, it turns the IT setup way lot smarter and advanced. Upon streamlining the process, it turns things easier in terms of taking key decision making.

Advent of cloud computing is cited as one of the prime factors contributing towards the growth of IT service management market. Growing rate of adoption of technologies based on cloud has transformed the office functionality in a significant fashion, enriching the enterprises. Also, growing application of IT among all levels of industries contributes immensely towards the growth of global IT service management market. With a greater promise from government, the market is expected to be even more significant. Global IT service management market is forecasted to grow at a CAGR of 12 percent between 2017 and 2023.    

Get Free Sample Copy Report of IT Service Management Market@ 

Regional Analysis

Geographically, global IT service management market can be classified into Asia Pacific, North America, Europe, and Rest of the World. Among these, the global IT service management market in North America region is expected to remain the most significant upon enjoying the largest share of the market. Offering cost-effective ITSM solutions, like software applications and platforms that enable developers to develop customized IT solutions, the market prospect looks bright. Asia Pacific comes next after the North American market showing significant growth opportunities in the market. To be specific, nations like China, India, Japan, and South Korea are cited as the major contributors to the growth of global IT service management market.

Industry news

Global IT service management market is forecasted to grow at the highest CAGR in between the review period of 2017 and 2023 in Asia Pacific. Countries like India, China, and Japan are reportedly the major contributors to enriching the market prospect in the most noteworthy fashion during the review period.  

Access Complete Report @

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact Information:

Market Research Future
528, Amanora Chambers, Magarpatta Road, Hadapsar
Pune – 411028, Maharashtra, India

Keywords:    IT Service Management Market, IT Service Management Market Size, IT Service Management Market Trends, IT Service Management Market Growth, IT Service Management Market Analysis, IT Service Management Market Forecast

Tags:    Reportedtimes, iCN Internal Distribution, Research Newswire, English