ITSM Market By Component (Solution, Services), By Function (Network Management, Performance Management, Configuration Management, Database Management System), By Deployment Mode (On-premise, Cloud), By Enterprise Size (Large Enterprise, Small and Medium-sized Enterprise), By End User (BFSI, Healthcare, Retail and E-commerce, IT and Telecom, Manufacturing, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032
IT service management (ITSM) is a general term that describes a strategic approach of using IT to design, deliver, manage, and improve businesses. ITSM includes all the discrete activities and processes that support a service throughout its lifecycle, from service and change management, to problem, incident, asset, and knowledge management. ITSM aims to align the delivery of IT services with the needs of the enterprise. The full form of ITSM is IT Service Management. The focus of ITSM tools is to deliver satisfactory service to the end-user. ITSM is a combination of a set of defined policies, processes, and methods for delivering IT products and services. It improves and supports customer-centric IT services.
An IT service enables access to information and processes to accomplish important business goals or otherwise provide value. IT services include the deployment and support of enterprise applications, such as Exchange Server; architecting and optimizing IT infrastructure such as storage, networking, and cloud resources; and the creation and management of processes such as help desk support and troubleshooting procedures. By adopting ITSM principles, organizations enhance efficiency, reduce costs, and improve customer satisfaction by delivering reliable and responsive IT services. The continual improvement aspect of ITSM emphasizes an iterative process of refining services over time, allowing organizations to adapt to changing business needs and technological advancements.
The integration of artificial intelligence (AI) and automation in IT Service Management (ITSM) processes is a growing trend that has the potential to transform how IT services are delivered, managed, and supported. AI-powered chatbots and virtual assistants are employed for quicker issue resolution, enhanced self-service options, and improved user experiences. Another trend involves the adoption of DevOps practices within ITSM, emphasizing collaboration between development and operations teams to streamline service delivery and promote a more agile and responsive IT environment. Cloud-based ITSM solutions are also gaining prominence, allowing organizations to leverage scalable and flexible platforms for service management.
The ITSM market is segmented on the basis of component, function, deployment mode, enterprise size, end user, and region. On the basis of component, the market is categorized into solution and services. On the basis of function, the market is divided into configuration management, performance management, network management, and database management system. By deployment mode, it is divided into on-premise and cloud. On the basis of enterprise size, the market is classified into large enterprise and small & medium-sized enterprise. On the basis of end user, the market is segregated into BFSI, healthcare, retail & e-commerce, IT & telecom, manufacturing, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global ITSM market is dominated by key players such as Atlassian, BMC Software, Inc., Broadcom, Cloud Software Group, Inc., Freshworks Inc., Hewlett Packard Enterprise Development LP, IBM Corporation, Ivanti, Inc., Open Text Corporation, and ServiceNow, Inc.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the itsm market analysis from 2022 to 2032 to identify the prevailing itsm market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the itsm market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global itsm market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy ComponentSolution
Services
By FunctionNetwork Management
Performance Management
Configuration Management
Database Management System
By Deployment ModeOn-premise
Cloud
By Enterprise SizeLarge Enterprise
Small and Medium-sized Enterprise
By End UserBFSI
Healthcare
Retail and E-commerce
IT and Telecom
Manufacturing
Others
By RegionNorth America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market PlayersAtlassian
Broadcom
Freshworks Inc.
IBM Corporation
Ivanti, Inc.
ServiceNow, Inc.
Cloud Software Group, Inc.
BMC Software, Inc.
Hewlett Packard Enterprise Development LP
Open Text Corporation.
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