Change Language

Select Language

Press Release:

Global Cloud ITSM Market to Grow at 18.1% During 2022-2027, Propelled by Rising Adoption of Remote Work Models

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Cloud ITSM Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global cloud ITSM market reached a value of US$ 6.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 16.7 Billion by 2027, exhibiting a CAGR of 18.1% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor. 

Cloud IT service management (ITSM) refers to the process of designing, implementing, delivering, supporting and managing IT services of an organization. It comprises hardware, software, computing resources, cloud storage, web and mobile applications, and virtual servers. It provides a fast, agile and risk-free response to unexpected events, new opportunities and competitive threats. Moreover, it assists in improving productivity in small or mid-sized businesses using limited resources. Cloud ITSM also helps in setting and meeting realistic expectations for services, which results in improved transparency and user satisfaction.

Cloud-based technology is cost-effective and aids in the deployment of various solutions and services. Apart from this, it enables organizations to manage their data efficiently and effectively. Consequently, the demand for cloud ITSM is escalating across the globe. Furthermore, owing to the sudden surge in the cases of the coronavirus disease (COVID-19), governments of various countries have imposed lockdowns and are promoting the adoption of social distancing measures to minimize the spread of the pandemic. Therefore, several organizations have resorted to working remotely, which in turn is driving the sales of cloud ITSM. Besides this, the increasing adoption of the bring your own device (BYOD) trend is allowing employees to access organizational data and resources from anywhere, which, in turn, is boosting the demand for advanced ITSM solutions. Moreover, the advent of technologies such as Big Data, blockchain, machine learning, Internet of Things (IoT), predictive analytics, augmented reality (AI) and virtual reality (VR) is anticipated to propel the market growth in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global cloud ITSM market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, end user and vertical.

Breakup by Component:

  • Solutions
    • Operation and Performance Management
    • Service Portfolio Management
    • Service Desk Software
    • Dashboard Reporting and Analytics
    • Configuration and Change Management
  • Services
    • Professional Services
    • Managed Services
       

Breakup by End User:

  • Large Enterprises
  • Small and Medium Enterprises
     

Breakup by Vertical:

  • BFSI
  • IT and Telecommunication
  • Healthcare
  • Manufacturing
  • Retail
  • Education
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Axios Systems, BMC Software Inc., CA Technologies (Broadcom Inc.), Cherwell Software LLC, Citrix Systems Inc., Hewlett Packard Enterprise, International Business Machines Corporation (IBM), Micro Focus International Plc, Microsoft Corporation, Oracle Corporation, ServiceNow and SysAid Technologies Ltd.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Component, End User, Vertical, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Axios Systems, BMC Software Inc., CA Technologies (Broadcom Inc.), Cherwell Software LLC, Citrix Systems Inc., Hewlett Packard Enterprise, International Business Machines Corporation (IBM), Micro Focus International Plc, Microsoft Corporation, Oracle Corporation, ServiceNow and SysAid Technologies Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Questions Answered in This Report:

  • How has the global cloud ITSM market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global cloud ITSM market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the end user?
  • What is the breakup of the market based on the vertical?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global cloud ITSM market and who are the key players?
  • What is the degree of competition in the industry?

1   Preface
2   Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Cloud ITSM Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Component
    6.1    Solutions
        6.1.1 Market Trends
        6.1.2 Major Types
            6.1.2.1 Operation and Performance Management
            6.1.2.2 Service Portfolio Management
            6.1.2.3 Service Desk Software
            6.1.2.4 Dashboard Reporting and Analytics
            6.1.2.5 Configuration and Change Management
        6.1.3 Market Forecast
    6.2    Services 
        6.2.1 Market Trends
        6.2.2 Major Types
            6.2.2.1 Professional Services
            6.2.2.2 Managed Services
        6.2.3 Market Forecast
7   Market Breakup by End User
    7.1    Large Enterprises
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Small and Medium Enterprises
        7.2.1 Market Trends
        7.2.2 Market Forecast
8   Market Breakup by Vertical
    8.1    BFSI
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    IT and Telecommunication
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Healthcare
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Manufacturing
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Retail
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6   Education
        8.6.1 Market Trends
        8.6.2 Market Forecast
    8.7   Others
        8.7.1 Market Trends
        8.7.2 Market Forecast
9   Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10  SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11  Value Chain Analysis
12  Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13  Price Analysis
14  Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Axios Systems
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio 
           14.3.1.3 Financials 
        14.3.2    BMC Software Inc.
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 SWOT Analysis 
        14.3.3    CA Technologies (Broadcom Inc.)
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio 
           14.3.3.3 Financials
           14.3.3.4 SWOT Analysis
        14.3.4    Cherwell Software LLC 
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio 
        14.3.5    Citrix Systems Inc.
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio 
           14.3.5.3 Financials 
           14.3.5.4 SWOT Analysis
        14.3.6    Hewlett Packard Enterprise
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio 
           14.3.6.3 Financials 
           14.3.6.4 SWOT Analysis
        14.3.7    International Business Machines Corporation (IBM)
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials 
           14.3.7.4 SWOT Analysis
        14.3.8    Micro Focus International Plc
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio 
           14.3.8.3 Financials 
        14.3.9    Microsoft Corporation
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials 
           14.3.9.4 SWOT Analysis
        14.3.10    Oracle Corporation
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio 
           14.3.10.3 Financials 
           14.3.10.4 SWOT Analysis
        14.3.11    ServiceNow
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio 
           14.3.11.3 Financials 
           14.3.11.4 SWOT Analysis
        14.3.12    SysAid Technologies Ltd.
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio 

List of Figures

Figure 1: Global: Cloud ITSM Market: Major Drivers and Challenges
Figure 2: Global: Cloud ITSM Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Cloud ITSM Market: Breakup by Component (in %), 2021
Figure 4: Global: Cloud ITSM Market: Breakup by End User (in %), 2021
Figure 5: Global: Cloud ITSM Market: Breakup by Vertical (in %), 2021
Figure 6: Global: Cloud ITSM Market: Breakup by Region (in %), 2021
Figure 7: Global: Cloud ITSM Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 8: Global: Cloud ITSM (Solutions) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Cloud ITSM (Solutions) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Cloud ITSM (Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Cloud ITSM (Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Cloud ITSM (Large Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Cloud ITSM (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Cloud ITSM (Small and Medium Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Cloud ITSM (Small and Medium Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Cloud ITSM (BFSI) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Cloud ITSM (BFSI) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Cloud ITSM (IT and Telecommunication) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Cloud ITSM (IT and Telecommunication) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Cloud ITSM (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Cloud ITSM (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Cloud ITSM (Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Cloud ITSM (Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Cloud ITSM (Retail) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Cloud ITSM (Retail) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Cloud ITSM (Education) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Cloud ITSM (Education) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Cloud ITSM (Other Verticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Cloud ITSM (Other Verticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: North America: Cloud ITSM Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: North America: Cloud ITSM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: United States: Cloud ITSM Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: United States: Cloud ITSM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Canada: Cloud ITSM Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Canada: Cloud ITSM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Asia Pacific: Cloud ITSM Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Asia Pacific: Cloud ITSM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: China: Cloud ITSM Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: China: Cloud ITSM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Japan: Cloud ITSM Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Japan: Cloud ITSM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: India: Cloud ITSM Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: India: Cloud ITSM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: South Korea: Cloud ITSM Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: South Korea: Cloud ITSM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Australia: Cloud ITSM Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Australia: Cloud ITSM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Indonesia: Cloud ITSM Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Indonesia: Cloud ITSM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Others: Cloud ITSM Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Others: Cloud ITSM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Europe: Cloud ITSM Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Europe: Cloud ITSM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Germany: Cloud ITSM Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Germany: Cloud ITSM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: France: Cloud ITSM Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: France: Cloud ITSM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: United Kingdom: Cloud ITSM Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: United Kingdom: Cloud ITSM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Italy: Cloud ITSM Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Italy: Cloud ITSM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Spain: Cloud ITSM Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Spain: Cloud ITSM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Russia: Cloud ITSM Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Russia: Cloud ITSM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Others: Cloud ITSM Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Others: Cloud ITSM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Latin America: Cloud ITSM Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Latin America: Cloud ITSM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Brazil: Cloud ITSM Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Brazil: Cloud ITSM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Mexico: Cloud ITSM Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Mexico: Cloud ITSM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Others: Cloud ITSM Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Others: Cloud ITSM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Middle East and Africa: Cloud ITSM Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Middle East and Africa: Cloud ITSM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Global: Cloud ITSM Industry: SWOT Analysis
Figure 79: Global: Cloud ITSM Industry: Value Chain Analysis
Figure 80: Global: Cloud ITSM Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Cloud ITSM Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Cloud ITSM Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Cloud ITSM Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 4: Global: Cloud ITSM Market Forecast: Breakup by Vertical (in Million US$), 2022-2027
Table 5: Global: Cloud ITSM Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Cloud ITSM Market Structure
Table 7: Global: Cloud ITSM Market: Key Players

Note: We value your privacy and will never rent or sell your email address. Privacy policy

Need more help?

  •   Speak to our experienced analysts for insights on the current market scenarios.
  •   Include additional segments and countries to customize the report as per your requirement.
  •   Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  •   For further assistance, please connect with our analysts.

Related Report

Endpoint Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Read More

Mainframe Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Read More

Video Surveillance Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Read More

Serious Games Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Read More

Serverless Architecture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Read More

Purchase Options




$ 2499

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )

Drop us an email at

sales@imarcgroup.com

Social Links