IT Service Management Tools Market is predicted to reach US$ 31.1 Bn in 2030

Lakewood, Colorado, 2023-Mar-20— /EPR Network/ —According to the Regional Research Reports, the Global IT Service Management Tools Market is expected to reach USD 31.1 billion by 2030 from USD 5.6 billion in 2021. The global IT service management tools market is projected to grow at a CAGR of 20.8% from 2022 to 2030. This is due to the Increasing shift to cloud-based technologies.

IT carrier administration (ITSM) equipment encompasses the policies, planning, execution, and management surrounding IT carrier delivery. ITSM solutions assist allow agencies to diagram and supply more efficient, standardized, and effective IT services. Typically following an ITSM framework, these solutions provide users a wealth of aspects, including carrier desk elements, asset management, incident management, alternate management, and know-how bases. They additionally create consistent, repeatable workflows for exclusive IT activities.

Global IT Service Management Tools Market Segmentation

Regional Research Reports has segmented the global IT service management tools market based on components, solutions, organizational size, and vertical at a regional and global level. Geographically, the research report has considered the five regions: North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Moreover, the research study focuses on the market analysis of the tier-1 countries, such as the USA, China, Germany, India, the UK, Japan, France, Italy, Spain, Russia, South Korea, and other territories.

Global IT Service Management Tools Market Analysis by Component

  • Solutions
  • Services

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Global IT Service Management Tools Market Analysis, by Solutions

  • Service portfolio management
  • Configuration and change management
  • Service desk software
  • Operations and performance management
  • Dashboard, reporting, and analytics

Global IT Service Management Tools Market Analysis by Organizational Size

  • Small and Medium-sized Enterprises (SMEs)
  • Large Enterprises

Global IT Service Management Tools Market Analysis, by Vertical

  • Banking, Financial Services, and Insurance (BFSI)
  • Telecommunications
  • IT and ITeS
  • Government and Public Sector
  • Retail and Consumer Goods
  • Manufacturing
  • Energy and Utilities
  • Media and Entertainment
  • Healthcare and Life Sciences

Global IT Service Management Tools Market Growth, by Region and Country, 2018-2021, 2022-2030 (US$ Millions)

Global IT Service Management Tools Market Analysis, by Region and Country

  • North America (US, Canada, Mexico)
  • Europe (Germany, UK, France, Italy, Spain, Russia, Switzerland, Poland, Belgium, the Netherlands, Norway, Sweden, Czech Republic, Slovakia, Slovenia, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Malaysia, Vietnam, Singapore, Australia & New Zealand, Rest of Asia Pacific)
  • South America (Brazil, Argentina, Peru, Colombia, Rest of South America)
  • The Middle East & Africa (UAE, Saudi Arabia, South Africa, Egypt, Qatar, Northern Africa, Rest of MEA)

Global IT Service Management Tools Market Competitive: Key Players

The report includes a detailed analysis of leading market players, such as:

  • Key companies IT Service Management Tools revenues in global market, 2018-2021 (Estimated), (US$ Millions)
  • Key companies IT Service Management Tools revenues market share in global market, 2021 (%)
  • Key companies IT Service Management Tools sold in the global market, 2018-2021 (Estimated)

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Leading IT Service Management Tools Manufacturers –

  • ServiceNow
  • BMC Software
  • Cherwell Software
  • Broadcom
  • Ivanti
  • HPE
  • IBM
  • Axios Systems
  • Citrix Systems
  • Hornbill
  • Microsoft
  • EasyVista
  • Micro Focus
  • Atlassian
  • Alemba
  • SysAid
  • Freshworks
  • LogMeIn
  • ManageEngine
  • Efecte
  • EZOfficeInventory
  • Mint Service Desk
  • Device42
  • LeanIX
  • Aisera
  • ITSM
  •  Electric
  • InfraSight
  • Symphony SummitAI
  • ITarian.

(Note: The list of the key market players can be updated with the latest market scenario and trends)

IT Service Management Tools Market Report Covers Comprehensive Analysis On:

  • Market Segmentation & Regional Analysis
  • Market Size of 10 years
  • Pricing Analysis
  • Supply & Demand Analysis
  • Product Life Cycle Analysis
  • Porter’s Five Forces & Value/Supply Chain Analysis
  • Developed & Emerging Economies Analysis
  • PESTEL Analysis
  • Market and Forecast Factor Analysis
  • Market Opportunities, Risks, & Trends
  • Conclusion & Recommendation
  • Regulatory Landscape
  • Patent Analysis
  • Competition Landscape
  • 15+ Company Profiles

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IT Service Management Tools Market Research Methodology

The report is based on analysis through extensive secondary research and primary Interviews.

The secondary data sources include the company website, annual reports, investor presentations, press releases, white papers, journals, certified publications, government websites, and articles from the industry.

Similarly following is the list of a few paid secondary sources/databases,

  • Factiva
  • Statista
  • D&B Hoovers
  • Owler
  • Enlyft
  • HG Insights
  • Bloomberg
  • Crunchbase

The primary sources include CXOs, VPs, directors, technology & innovation directors, product managers, and related executives from key organizations from both the supply and demand sides. Similarly, we have also interviewed various end user organizations. We cannot reveal the end-user organizations due to non-disclosure agreements.

For instance, the region forecast is based on extensive secondary research and primary Interviews. We have conducted primary interviews across the regions to get more region-specific insights. Additionally, primary interviews were conducted with independent consultants and subject matter experts in respective regions. These experts were interviewed to obtain qualitative and quantitative information related to the market and validate the research findings and estimations. The primary and secondary data inputs referred for triangulation and forecast for the region segment are as follows,

  • Top Player’s historic revenues and Year on Year Growth
  • Top Players’ regional presence and revenue patterns
  • Recent Developments and strategies of vendors and end users (E.g., Mergers & Acquisitions, Partnerships, New Product Launch, and others)
  • R&D Investments & Innovation Landscape
  • Start-up Ecosystem and Funding Initiatives
  • Regulatory Environment and Implications (Country or region Specific)

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