Global Change Management Software Market to Grow at 13.6% CAGR by 2026

ALBANY, USA, 2018-May-01 — /EPR Network/ —In order to study the various trends and patterns prevailing in the overall market for change management software, Market Research Reports Search Engine (MRRSE) has included a new report titled “Global Change Management Software Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.

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The global change management software market was worth US$ 1,063.8 Mn in 2017 and is expected to reach US$ 3,294.9 Mn by 2026, expanding at a CAGR of 13.6% from 2018 to 2026. North America held the largest share of the change management software market in 2016. Change management software solution is a part of ITSM solution and is used to handle and track changes in the IT infrastructure. It helps reduce the negative impact associated with IT related changes on an organization.

Increase in digital transformation and automation of IT processes and applications are expected to drive the change management software market. Complexities involved in the integration of technologies and toolsets is expected to restrain the market. However, growth of DevOps and rise in adoption of AI are anticipated to create huge opportunity for vendors due to the increase in demand for artificial intelligence and machine learning as value added features to their solutions. Additionally, advancement in wireless technologies, deeper internet penetration, and rise in the number of connected devices are leading to the growth of Internet of Things. This, in turn, is creating new opportunities for change management software vendors, thus boosting the market globally.

Global Change Management Software Market: Scope of the report

The change management software market has been segmented on the basis of deployment type, component, end-use industry, and region. Based on deployment type, the market has been further classified into on-premise and cloud-based. In terms of component, the market has been bifurcated into software and services. Based on end-use industry, the change management software market is divided into on BFSI, telecom & IT, government, education, health care, manufacturing, retail, and others. In terms of geography, the global change management software market is categorized into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America; the regions are analyzed in terms of revenue generation. Furthermore, region-wise, prominent countries covered in the report include the U.S, Canada, the U.K., Germany, France, Japan, China, India, GCC Countries, South Africa, and Brazil.

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The change management software report also encompasses global trends, segment wise comparison matrix, market attractiveness analysis, and market positioning of key players for all regions covered in the scope of study. The comparison matrix includes segment growth matrix, 2016 – 2026 (%), segment revenue contribution, 2016 – 2026 (%), and segment compounded growth matrix (CAGR %). Market attractiveness identifies and compares segments market attractiveness on the basis of CAGR and market share index across North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Global Change Management Software Market: Research Methodology

Secondary research sources include websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, internal and external proprietary databases, relevant patent and regulatory databases, national government documents, vendor’s whitepapers, statistical databases, market reports, news articles, press releases, and webcasts specific to companies operating in the market.

Global Change Management Software Market: Competitive Dynamics

The report includes competitive landscape which encompasses competition matrix, market share analysis of major players in the change management software market based on their 2017 revenues and profiles of major players. Competition matrix benchmarks leading players on the basis of their capabilities and growth potential. Factors including market position, offerings, and R&D focus contribute to the growth of the company. Moreover, factors such as market share, segment growth, infrastructure facilities, and future outlook increase the company’s growth potential. This section also identifies and includes various recent developments carried out by leading players operating in the change management software market.

Company profile includes company overview, major business strategies, SWOT analysis, and market revenues for the year from 2015 to 2017. The global players profiled in the global change management software market report include ServiceNow Corporation, BMC Software, Inc., CA Technologies, IBM Corporation, Cherwell Software, LLC. Ivanti, Axios Systems, V EasyVista Inc., Micro Focus International Plc and Zoho Corporation.

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