IT Service Management Market

Global IT Service Management Market Size, Trends & Analysis - Forecasts to 2028 By Type (Configuration Management, DBMS Management, and IT Asset Management), By Deployment Type (On-premises and Cloud), By End-use (IT & Telecom, Healthcare, Media & Entertainment, BFSI sector, and Others), and By Region (North America, Asia Pacific, Central and South America, Europe, and Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and End User Analysis

Category Electronics, Semiconductors and Information & Communication Technology
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This report was recently updated on April 20 2024 with the latest and most recent market numbers

Global IT Service Management Market Size

The global IT service management market projected to grow at a CAGR of 20% from 2023 to 2028.

The IT service management (ITSM) market refers to the industry segment that deals with the design, implementation, and management of IT services within organisations. It involves the use of various software, tools, and methodologies to ensure efficient and effective delivery of IT services to meet the needs of businesses and their customers. In recent years, the ITSM market has experienced substantial growth as organisations increasingly depend on IT technology and seek more efficient IT operations. Organisations across various sectors, including IT, finance, healthcare, manufacturing, and retail, are recognizing the importance of ITSM in improving service quality, enhancing operational efficiency, and achieving better customer satisfaction.

Increasing reliance on technology, digital transformation initiatives, growing complexity of IT infrastructure, need for improved service quality and customer satisfaction, shift towards cloud computing and increasing adoption of AI and automation are some of the key factors driving the growth of the global IT service management market.

The increasing adoption of digital technologies and the need for organisations to align their IT services with business objectives are driving the demand for robust ITSM solutions. In the digital age, organisations are leveraging ITSM to optimize their IT operations, improve service delivery, and improve customer experiences. Furthermore, as applications, devices, and technologies proliferate, IT environments will become more complex. ITSM provides frameworks and methodologies to manage this complexity, ensuring efficient incident management, problem resolution, and change control.

Cloud computing has transformed ITSM by providing scalable, flexible, and cost-effective solutions. Cloud-based ITSM platforms enable organisations to access services from anywhere, streamline operations, and leverage advanced functionalities such as automation, self-service portals, and analytics. Additionally, Compliance regulations and the growing importance of data security are driving the adoption of ITSM solutions. ITSM frameworks help organisations establish control over IT processes, maintain compliance, and enforce security policies to protect sensitive data.

global it service management market

Global IT Service Management Market: By Type

IT asset management segment is expected to hold the largest share of the market. It enables organisations to optimize costs by providing visibility into IT assets, avoiding unnecessary purchases, and ensuring license compliance. Organisations can reduce unnecessary spending, extend asset lifecycles, and make informed decisions about asset procurement and utilisationn by effectively managing IT assets, resulting in cost savings and improved financial efficiency.

Global IT Service Management Market: By Deployment Type

The cloud segment is projected to hold the largest share of the market. The adoption of cloud-based ITSM solutions has been growing steadily due to several advantages they offer, such as scalability, flexibility, cost-effectiveness, and ease of implementation. Cloud-based ITSM solutions allow businesses to access ITSM tools and services via the internet, removing the need for on-premises infrastructure and lowering maintenance costs. These solutions also provide seamless integration with other cloud-based services, allowing organisations to create a unified and efficient IT ecosystem. Moreover, cloud-based ITSM solutions offer improved accessibility, enabling remote access to ITSM tools and services from any location and device with an internet connection. Cloud-based solution have become even more significant with the rise of remote work and the need for distributed teams to collaborate effectively.

Global IT Service Management Market: By End-use

The IT & telecom segment is projected to lead the market during the forecast period. The IT sector encompasses various services, including software development, IT infrastructure, cloud computing, cyber security, and data analytics. The telecommunication sector includes services such as telecommunications network infrastructure, mobile services, broadband connectivity, and telecommunications equipment.

The IT and telecommunication sector has experienced substantial growth due to increasing digitalization, the proliferation of mobile devices, the demand for connectivity, and the adoption of emerging technologies like 5G, IoT (Internet of Things), and AI (Artificial Intelligence). These factors have contributed to the sector's growth and its role in driving innovation and enabling digital transformation across industries.

asia pacific it service management market

Global IT Service Management Market: By Region

North America is expected to be the largest region in the global market. This is attributed to the rising number of organisations adopting IT services due to growing awareness regarding the benefits and accessibility of IT solutions in generating innovative solutions across various technological domains. They are proactively embracing cloud IT service management (ITSM) to ensure uninterrupted operations. The North America market stands out as a mature and thriving landscape due to the extensive range of cloud ITSM providers available. Furthermore, enterprises are actively increasing their investments to bolster the implementation and maintenance of cloud ITSM solutions, this factor is again expected to stimulate the regional market growth.

Asia Pacific is predicted to witness the fastest growth during the forecast period. This is ascribed to increased use of technology across consumer goods, manufacturing, and transportation industries, with a focus on enhancing customer satisfaction. Hence, a rise in end-user industries in the region is expected to drive the growth of the IT service management (ITSM) software market. Additionally, global market leaders are actively seeking opportunities to expand their market share in response to a multitude of favourable circumstances in the region, this in turn is further projected to fuel regional market growth.

Global IT Service Management Market Share and Competitor Analysis

Merck & Co. Inc., Serviceaide, Inc., IBM, Microsoft, Cherwell Software, LLC, Freshworks Inc., SysAid, SolarWinds Worldwide, LLC, TATA Consultancy Services Limited, and Infosys Limited among others, are some of the key players in the global IT service management market.

Please note: This is not an exhaustive list of companies profiled in the report.

Global IT Service Management Market: Recent Developments

In April 2023, Image Relay introduced marketing delivery to uniquely combine digital asset management with product information management. The new cloud-based solution combines and extends digital asset management (DAM) and product information management (PIM) capabilities to allow organizations to connect, organize, manage, and distribute all digital assets and product information easily, quickly, and accurately.

1          STRATEGIC INSIGHTS ON NEW REVENUE POCKETS

1.1    Strategic Opportunity & Attractiveness Analysis

1.1.1        Hot Revenue Pockets

1.1.2        Market Attractiveness Score

1.1.3        Revenue Impacting Opportunity

1.1.4        High Growing Region/Country

1.1.5        Competitor Analysis

1.1.6        Consumer Analysis

1.2    Global Market Estimates' View

1.3    Strategic Insights across Business Functions

1.3.1        For Chief Executive Officers

1.3.2        For Chief Marketing Officers

1.3.3        For Chief Strategy Officers

1.4    Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into

2          TECHNOLOGICAL TRENDS

2.1   Technological Adoption Rate

2.2   Current Trend Impact Analysis

2.3   Future Trend Impact Analysis

2.4   Data Metrics

3          GLOBAL IT SERVICE MANAGEMENT  MARKET OUTLOOK

3.1   Market Pyramid Analysis

3.1.1        Introduction

3.1.2        Adjacent Market Opportunities

3.1.3        Ancillary Market Opportunities

3.2   Demand Side Analysis

3.2.1        Market Drivers: Impact Analysis

3.2.2        Market Restraints: Impact Analysis

3.2.3        Market Opportunities: Impact Analysis

3.2.4        Market Challenges: Impact Analysis

3.3   Supply Side Analysis

3.3.1        Porter’s Five Forces Analysis

3.3.1.1 Threat of New Entrants

3.3.1.2 Threat of New Substitutes

3.3.1.3 Bargaining Power of Suppliers

3.3.1.4 Bargaining Power of Buyers

3.3.1.5 Intensity of Competitive Rivalry

3.3.2        SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)

3.3.2.1 Political Landscape

3.3.2.2 Economic Landscape

3.3.2.3 Social Landscape

3.3.2.4 Technology Landscape

3.3.3        Value Chain Analysis

3.3.4        Trend Analysis

3.3.5        Gap Analysis

3.3.6        Cost Analysis

4          GLOBAL IT SERVICE MANAGEMENT MARKET, BY TYPE

4.1   Introduction

4.2   IT Service Management Market: Type Scope Key Takeaways

4.3   Revenue Growth Analysis, 2022 & 2028

4.4   Configuration Management

4.4.1        Configuration Management Market Estimates and Forecast, 2020-2028 (USD Million)

4.5   DBMS Management

4.5.1        DBMS Management Market Estimates and Forecast, 2020-2028 (USD Million)

4.6   IT Asset Management

4.6.1        IT Asset Management Market Estimates and Forecast, 2020-2028 (USD Million)

5          GLOBAL IT SERVICE MANAGEMENT MARKET, BY DEPLOYMENT TYPE

5.1   Introduction

5.2   IT Service Management Market: Deployment Type Scope Key Takeaways

5.3   Revenue Growth Analysis, 2022 & 2028

5.4   On-premises

5.4.1        On-premises Market Estimates and Forecast, 2020-2028 (USD Million)

5.5   Cloud

5.5.1        Cloud Market Estimates and Forecast, 2020-2028 (USD Million)

6          GLOBAL IT SERVICE MANAGEMENT MARKET, BY END-USE

6.1   Introduction

6.2   IT Service Management Market: End-use Scope Key Takeaways

6.3   Revenue Growth Analysis, 2022 & 2028

6.4   IT & Telecom

6.4.1        IT & Telecom Market Estimates and Forecast, 2020-2028 (USD Million)

6.5   Healthcare

6.5.1        Healthcare Market Estimates and Forecast, 2020-2028 (USD Million)

6.6   Media & Entertainment

6.6.1        Media & Entertainment Market Estimates and Forecast, 2020-2028 (USD Million)

6.7   BFSI Sector

6.7.1        BFSI Sector Market Estimates and Forecast, 2020-2028 (USD Million)

6.8   Others

6.8.1        Others Market Estimates and Forecast, 2020-2028 (USD Million)

7          GLOBAL IT SERVICE MANAGEMENT MARKET, BY REGION

7.1   Introduction

7.2   North America IT Service Management Market Estimates and Forecast, 2020-2028 (USD Million)

7.2.1        By Type

7.2.2        By Deployment Type

7.2.3        By End-use

7.2.4        By Country

7.2.4.1     U.S. IT Service Management Market Estimates and Forecast, 2020-2028 (USD Million)

7.2.4.1.1        By Type

7.2.4.1.2        By Deployment Type

7.2.4.1.3        By End-use

7.2.4.2     Canada IT Service Management Market Estimates and Forecast, 2020-2028 (USD Million)

7.2.4.2.1        By Type

7.2.4.2.2        By Deployment Type

7.2.4.2.3        By End-use

7.2.4.3     Mexico IT Service Management Market Estimates and Forecast, 2020-2028 (USD Million)

7.2.4.3.1        By Type

7.2.4.3.2        By Deployment Type

7.2.4.3.3        By End-use

7.3   Europe IT Service Management Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.1        By Type

7.3.2        By Deployment Type

7.3.3        By End-use

7.3.4        By Country

7.3.4.1     Germany IT Service Management Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.4.1.1        By Type

7.3.4.1.2        By Deployment Type

7.3.4.1.3        By End-use

7.3.4.2     U.K. IT Service Management Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.4.2.1        By Type

7.3.4.2.2        By Deployment Type

7.3.4.2.3        By End-use

7.3.4.3     France IT Service Management Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.4.3.1        By Type

7.3.4.3.2        By Deployment Type

7.3.4.3.3        By End-use

7.3.4.4     Italy IT Service Management Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.4.4.1        By Type

7.3.4.4.2        By Deployment Type

7.2.4.4.3        By End-use

7.3.4.5     Spain IT Service Management Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.4.5.1        By Type

7.3.4.5.2        By Deployment Type

7.2.4.5.3        By End-use

7.3.4.6     Netherlands IT Service Management Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.4.6.1        By Type

7.3.4.6.2        By Deployment Type

7.2.4.6.3        By End-use

7.3.4.7     Rest of Europe IT Service Management Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.4.7.1        By Type

7.3.4.7.2        By Deployment Type

7.2.4.7.3        By End-use

7.4   Asia Pacific IT Service Management Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.1        By Type

7.4.2        By Deployment Type

7.4.3        By End-use

7.4.4        By Country

7.4.4.1     China IT Service Management Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.1.1        By Type

7.4.4.1.2        By Deployment Type

7.4.4.1.3        By End-use

7.4.4.2     Japan IT Service Management Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.2.1        By Type

7.4.4.2.2        By Deployment Type

7.4.4.2.3        By End-use

7.4.4.3     India IT Service Management Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.3.1        By Type

7.4.4.3.2        By Deployment Type

7.4.4.3.3        By End-use

7.4.4.4     South Korea IT Service Management Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.4.1        By Type

7.4.4.4.2        By Deployment Type

7.4.4.4.3        By End-use

7.4.4.5     Singapore IT Service Management Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.5.1        By Type

7.4.4.5.2        By Deployment Type

7.4.4.5.3        By End-use

7.4.4.6     Malaysia IT Service Management Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.6.1        By Type

7.4.4.6.2        By Deployment Type

7.4.4.6.3        By End-use

7.4.4.7     Thailand IT Service Management Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.7.1        By Type

7.4.4.7.2        By Deployment Type

7.4.4.7.3        By End-use

7.4.4.8     Indonesia IT Service Management Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.8.1        By Type

7.4.4.8.2        By Deployment Type

7.4.4.8.3        By End-use

7.4.4.9     Vietnam IT Service Management Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.9.1        By Type

7.4.4.9.2        By Deployment Type

7.4.4.9.3        By End-use

7.4.4.10  Taiwan IT Service Management Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.10.1 By Type

7.4.4.10.2 By Deployment Type

7.4.4.10.3 By End-use

7.4.4.11  Rest of Asia Pacific IT Service Management Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.11.1 By Type

7.4.4.11.2 By Deployment Type

7.4.4.11.3 By End-use

7.5   Middle East and Africa IT Service Management Market Estimates and Forecast, 2020-2028 (USD Million)

7.5.1        By Type

7.5.2        By Deployment Type

7.5.3        By End-use

7.5.4        By Country

7.5.4.1     Saudi Arabia IT Service Management Market Estimates and Forecast, 2020-2028 (USD Million)

7.5.4.1.1        By Type

7.5.4.1.2        By Deployment Type

7.5.4.1.3        By End-use

7.5.4.2     U.A.E. IT Service Management Market Estimates and Forecast, 2020-2028 (USD Million)

7.5.4.2.1        By Type

7.5.4.2.2        By Deployment Type

7.5.4.2.3        By End-use

7.5.4.3     Israel IT Service Management Market Estimates and Forecast, 2020-2028 (USD Million)

7.5.4.3.1        By Type

7.5.4.3.2        By Deployment Type

7.5.4.3.3        By End-use

7.5.4.4     South Africa IT Service Management Market Estimates and Forecast, 2020-2028 (USD Million)

7.5.4.4.1        By Type

7.5.4.4.2        By Deployment Type

7.5.4.4.3        By End-use

7.5.4.5     Rest of Middle East and Africa IT Service Management Market Estimates and Forecast, 2020-2028 (USD Million)

7.5.4.5.1        By Type

7.5.4.5.2        By Deployment Type

7.5.4.5.2        By End-use

7.6   Central & South America IT Service Management Market Estimates and Forecast, 2020-2028 (USD Million)

7.6.1        By Type

7.6.2        By Deployment Type

7.6.3        By End-use

7.6.4        By Country

7.6.4.1     Brazil IT Service Management Market Estimates and Forecast, 2020-2028 (USD Million)

7.6.4.1.1        By Type

7.6.4.1.2        By Deployment Type

7.6.4.1.3        By End-use

7.6.4.2     Argentina Eaporative Air Cooler Market Estimates and Forecast, 2020-2028 (USD Million)

7.6.4.2.1        By Type

7.6.4.2.2        By Deployment Type

7.6.4.2.3        By End-use

7.6.4.3     Chile IT Service Management Market Estimates and Forecast, 2020-2028 (USD Million)

7.6.4.3.1        By Type

7.6.4.3.2        By Deployment Type

7.6.4.3.3        By End-use

7.6.4.4     Rest of Central & South America IT Service Management Market Estimates and Forecast, 2020-2028 (USD Million)

7.6.4.4.1        By Type

7.6.4.4.2        By Deployment Type

7.6.4.4.3        By End-use

8          COMPETITIVE LANDCAPE

8.1   Company Market Share Analysis

8.2   Four Quadrant Positioning Matrix

8.2.1        Market Leaders

8.2.2        Market Visionaries

8.2.3        Market Challengers

8.2.4        Niche Market Players

8.3   Vendor Landscape

8.3.1        North America

8.3.2        Europe

8.3.3        Asia Pacific

8.3.4        Rest of the World

8.4   Company Profiles  

8.4.1        Merck & Co. Inc.

8.4.1.1 Business Description & Financial Analysis

8.4.1.2 SWOT Analysis

8.4.1.3 Products & Services Offered

8.4.1.4 Strategic Alliances between Business Partners

8.4.2        Serviceaide, Inc.

8.4.2.1 Business Description & Financial Analysis

8.4.2.2 SWOT Analysis

8.4.2.3 Products & Services Offered

8.4.2.4 Strategic Alliances between Business Partners

8.4.3        IBM

8.4.3.1 Business Description & Financial Analysis

8.4.3.2 SWOT Analysis

8.4.3.3 Products & Services Offered

8.4.3.4 Strategic Alliances between Business Partners

8.4.4        Microsoft

8.4.4.1 Business Description & Financial Analysis

8.4.4.2 SWOT Analysis

8.4.4.3 Products & Services Offered

8.4.4.4 Strategic Alliances between Business Partners

8.4.5        Cherwell Software, LLC

8.4.5.1 Business Description & Financial Analysis

8.4.5.2 SWOT Analysis

8.4.5.3 Products & Services Offered

8.4.5.4 Strategic Alliances between Business Partners

8.4.6        Freshworks Inc.

8.4.6.1 Business Description & Financial Analysis

8.4.6.2 SWOT Analysis

8.4.6.3 Products & Services Offered

8.4.6.4 Strategic Alliances between Business Partners

8.4.7        SysAid  

8.4.7.1 Business Description & Financial Analysis

8.4.7.2 SWOT Analysis

8.4.7.3 Products & Services Offered

8.4.8.4 Strategic Alliances between Business Partners

8.4.8        SolarWinds Worldwide, LLC.

8.4.8.1 Business Description & Financial Analysis

8.4.8.2 SWOT Analysis

8.4.8.3 Products & Services Offered

8.4.8.4 Strategic Alliances between Business Partners

8.4.9        TATA Consultancy Services Limited

8.4.9.1 Business Description & Financial Analysis

8.4.9.2 SWOT Analysis

8.4.9.3 Products & Services Offered

8.4.9.4 Strategic Alliances between Business Partners

8.4.10       Infosys Limited

8.4.10.1 Business Description & Financial Analysis

8.4.10.2 SWOT Analysis

8.4.10.3 Products & Services Offered

8.4.10.4 Strategic Alliances between Business Partners

8.4.11      Other Companies

8.4.11.1 Business Description & Financial Analysis

8.4.11.2 SWOT Analysis

8.4.11.3 Products & Services Offered

8.4.11.4 Strategic Alliances between Business Partners

9          RESEARCH METHODOLOGY

9.1   Market Introduction

9.1.1        Market Definition

9.1.2        Market Scope & Segmentation

9.2   Information Procurement

9.2.1        Secondary Research

9.2.1.1 Purchased Databases

9.2.1.2 GMEs Internal Data Repository

9.2.1.3 Secondary Resources & Third Party Perspectives

9.2.1.4 Company Information Sources

9.2.2        Primary Research

9.2.2.1 Various Types of Respondents for Primary Interviews

9.2.2.2 Number of Interviews Conducted throughout the Research Process

9.2.2.3 Primary Stakeholders

9.2.2.4 Discussion Guide for Primary Participants

9.2.3        Expert Panels

9.2.3.1 Expert Panels Across 30+ Industry

9.2.4        Paid Local Experts

9.2.4.1 Paid Local Experts Across 30+ Industry Across each Region

9.3   Market Estimation

9.3.1        Top-Down Approach

9.3.1.1 Macro-Economic Indicators Considered

9.3.1.2 Micro-Economic Indicators Considered

9.3.2        Bottom Up Approach

9.3.2.1 Company Share Analysis Approach

9.3.2.2 Estimation of Potential Product Sales

9.4   Data Triangulation

9.4.1        Data Collection

9.4.2        Time Series, Cross Sectional & Panel Data Analysis

9.4.3        Cluster Analysis

9.5   Analysis and Output

9.5.1        Inhouse AI Based Real Time Analytics Tool

9.5.2        Output From Desk & Primary Research

9.6   Research Assumptions & Limitations

9.7.1        Research Assumptions

9.7.2        Research Limitations

LIST OF TABLES

1 Global IT Service Management Market, By Type, 2020-2028 (USD Mllion)

2 Configuration Management Market, By Region, 2020-2028 (USD Mllion) 

3 DBMS Management Market, By Region, 2020-2028 (USD Mllion)      

4 IT Asset Management Market, By Region, 2020-2028 (USD Mllion)  

5 Global IT Service Management Market, By Deployment Type, 2020-2028 (USD Mllion

6 On-Premises Market, By Region, 2020-2028 (USD Mllion)    

7 Cloud Market, By Region, 2020-2028 (USD Mllion)

8 Global IT Service Management Market, By End-use, 2020-2028 (USD Mllion)

9 IT & Telecom Market, By Region, 2020-2028 (USD Mllion)     

10 Healthcare Market, By Region, 2020-2028 (USD Mllion)      

11 Media & Entertainment Market, By Region, 2020-2028 (USD Mllion)             

12 BFSI Sector Market, By Region, 2020-2028 (USD Mllion)

13 Others Market, By Region, 2020-2028 (USD Mllion)

14 Regional Analysis, 2020-2028 (USD Mllion)

15 North America IT Service Management Market, By Type, 2020-2028 (USD Million)

16 North America IT Service Management Market, By Deployment Type, 2020-2028 (USD Million)

17 North America IT Service Management Market, By End-use, 2020-2028 (USD Million)

18 North America IT Service Management Market, By Country, 2020-2028 (USD Million)

19 U.S IT Service Management Market, By Type, 2020-2028 (USD Million)

20 U.S IT Service Management Market, By Deployment Type, 2020-2028 (USD Million)

21 U.S IT Service Management Market, By End-use, 2020-2028 (USD Million)

22 Canada IT Service Management Market, By Type, 2020-2028 (USD Million)

23 Canada IT Service Management Market, By Deployment Type, 2020-2028 (USD Million)

24 Canada IT Service Management Market, By End-use, 2020-2028 (USD Million)

25 Mexico IT Service Management Market, By Type, 2020-2028 (USD Million)

26 Mexico IT Service Management Market, By Deployment Type, 2020-2028 (USD Million)

27 Mexico IT Service Management Market, By End-use, 2020-2028 (USD Million)

28 Europe IT Service Management Market, By Type, 2020-2028 (USD Million)

29 Europe IT Service Management Market, By Deployment Type, 2020-2028 (USD Million)

30 Europe IT Service Management Market, By End-use, 2020-2028 (USD Million)

31 Europe IT Service Management Market, By country, 2020-2028 (USD Million)

32 Germany IT Service Management Market, By Type, 2020-2028 (USD Million)

33 Germany IT Service Management Market, By Deployment Type, 2020-2028 (USD Million)

34 Germany IT Service Management Market, By End-use, 2020-2028 (USD Million)

35 UK IT Service Management Market, By Type, 2020-2028 (USD Million)

36 UK IT Service Management Market, By Deployment Type, 2020-2028 (USD Million)

37 UK IT Service Management Market, By End-use, 2020-2028 (USD Million)

38 France IT Service Management Market, By Type, 2020-2028 (USD Million)

39 France IT Service Management Market, By Deployment Type, 2020-2028 (USD Million)

40 France IT Service Management Market, By End-use, 2020-2028 (USD Million)

41 Italy IT Service Management Market, By Type, 2020-2028 (USD Million)

42 Italy IT Service Management Market, By T End Use Type, 2020-2028 (USD Million)

43 Italy IT Service Management Market, By End-use, 2020-2028 (USD Million)

44 Spain IT Service Management Market, By Type, 2020-2028 (USD Million)

45 Spain IT Service Management Market, By Deployment Type, 2020-2028 (USD Million)

46 Spain IT Service Management Market, By End-use, 2020-2028 (USD Million)

47 Rest Of Europe IT Service Management Market, By Type, 2020-2028 (USD Million)

48 Rest Of Europe IT Service Management Market, By Deployment Type, 2020-2028 (USD Million)

49 Rest of Europe IT Service Management Market, By End-use, 2020-2028 (USD Million)

50 Asia Pacific IT Service Management Market, By Type, 2020-2028 (USD Million)

51 Asia Pacific IT Service Management Market, By Deployment Type, 2020-2028 (USD Million)

52 Asia Pacific IT Service Management Market, By End-use, 2020-2028 (USD Million)

53 Asia Pacific IT Service Management Market, By Country, 2020-2028 (USD Million)

54 China IT Service Management Market, By Type, 2020-2028 (USD Million)

55 China IT Service Management Market, By Deployment Type, 2020-2028 (USD Million)

56 China IT Service Management Market, By End-use, 2020-2028 (USD Million)

57 India IT Service Management Market, By Type, 2020-2028 (USD Million)

58 India IT Service Management Market, By Deployment Type, 2020-2028 (USD Million)

59 India IT Service Management Market, By End-use, 2020-2028 (USD Million)

60 Japan IT Service Management Market, By Type, 2020-2028 (USD Million)

61 Japan IT Service Management Market, By Deployment Type, 2020-2028 (USD Million)

62 Japan IT Service Management Market, By End-use, 2020-2028 (USD Million)

63 South Korea IT Service Management Market, By Type, 2020-2028 (USD Million)

64 South Korea IT Service Management Market, By Deployment Type, 2020-2028 (USD Million)

65 South Korea IT Service Management Market, By End-use, 2020-2028 (USD Million)

66 Middle East and Africa IT Service Management Market, By Type, 2020-2028 (USD Million)

67 Middle East and Africa IT Service Management Market, By Deployment Type, 2020-2028 (USD Million)

68 Middle East and Africa IT Service Management Market, By End-use, 2020-2028 (USD Million)

69 Middle East and Africa IT Service Management Market, By Country, 2020-2028 (USD Million)

70 Saudi Arabia IT Service Management Market, By Type, 2020-2028 (USD Million)

71 Saudi Arabia IT Service Management Market, By Deployment Type, 2020-2028 (USD Million)

72 Saudi Arabia IT Service Management Market, By End-use, 2020-2028 (USD Million)

73 UAE IT Service Management Market, By Type, 2020-2028 (USD Million)

74 UAE IT Service Management Market, By Deployment Type, 2020-2028 (USD Million)

75 UAE IT Service Management Market, By End-use, 2020-2028 (USD Million)

76 Middle East and Africa IT Service Management Market, By Type, 2020-2028 (USD Million)

77 Middle East and Africa IT Service Management Market, By Deployment Type, 2020-2028 (USD Million)

78 Middle East and Africa IT Service Management Market, By End-use, 2020-2028 (USD Million)

79 Central & South America IT Service Management Market, By Type, 2020-2028 (USD Million)

80 Central & South America IT Service Management Market, By Deployment Type, 2020-2028 (USD Million)

81 Central & South America IT Service Management Market, By End-use, 2020-2028 (USD Million)

82 Central & South America IT Service Management Market, By Country, 2020-2028 (USD Million)

83 Brazil IT Service Management Market, By Type, 2020-2028 (USD Million)

84 Brazil IT Service Management Market, By Deployment Type, 2020-2028 (USD Million)

85 Brazil IT Service Management Market, By End-use, 2020-2028 (USD Million)

86 Merck & Co. Inc.: Products & Services Offering

87 Serviceaide, Inc.: Products & Services Offering     

88 IBM: Products & Services Offering  

89 Microsoft: Products & Services Offering  

90 Cherwell Software, LLC: Products & Services Offering    

91 FRESHWORKS INC.: Products & Services Offering     

92 SysAid : Products & Services Offering          

93 SolarWinds Worldwide, LLC.: Products & Services Offering          

94 TATA Consultancy Services Limited, Inc: Products & Services Offering    

95  Infosys Limited: Products & Services Offering      

96 Other Companies: Products & Services Offering    

LIST OF FIGURES

1 Global IT Service Management Market Overview

2 Global IT Service Management Market Value From 2020-2028 (USD Mllion)

3 Global IT Service Management Market Share, By Type (2022)

4 Global IT Service Management Market Share, By Deployment Type (2022)

5 Global IT Service Management Market Share, By End-use (2022)

6 Global IT Service Management Market, By Region (Asia Pacific Market)

7 Technological Trends In Global IT Service Management Market

8 Four Quadrant Competitor Positioning Matrix

9 Impact Of Macro & Micro Indicators On The Market

10 Impact Of Key Drivers On The Global IT Service Management Market

11 Impact Of Challenges On The Global IT Service Management Market

12 Porter’s Five Forces Analysis

13 Global IT Service Management Market: By Type Scope Key Takeaways

14 Global IT Service Management Market, By Type Segment: Revenue Growth Analysis

15 Configuration Management Market, By Region, 2020-2028 (USD Mllion)

16 DBMS Management Market, By Region, 2020-2028 (USD Mllion)

17 IT Asset Management Market, By Region, 2020-2028 (USD Mllion) 

18 Global IT Service Management Market: By Deployment Type Scope Key Takeaways

19 Global IT Service Management Market, By Deployment Type Segment: Revenue Growth Analysis

20 On-Premises Market, By Region, 2020-2028 (USD Mllion)    

21 Cloud Market, By Region, 2020-2028 (USD Mllion)

22 Global IT Service Management Market: By End-use Scope Key Takeaways

23 Global IT Service Management Market, By End-use Segment: Revenue Growth Analysis

24 IT & Telecom Market, By Region, 2020-2028 (USD Mllion)     

25 Healthcare Market, By Region, 2020-2028 (USD Mllion)

26 Media & Entertainment Market, By Region, 2020-2028 (USD Mllion)

27 BFSI Sector Market, By Region, 2020-2028 (USD Mllion)

28 Others Market, By Region, 2020-2028 (USD Mllion)                

29 Regional Segment: Revenue Growth Analysis

30 Global IT Service Management Market: Regional Analysis

31 North America IT Service Management Market Overview

32 North America IT Service Management Market, By Type

33 North America IT Service Management Market, By Deployment Type

34 North America IT Service Management Market, By End-use

35 North America IT Service Management Market, By Country

36 U.S. IT Service Management Market, By Type

37 U.S. IT Service Management Market, By Deployment Type

38 U.S. IT Service Management Market, By End-use

39 Canada IT Service Management Market, By Type

40 Canada IT Service Management Market, By Deployment Type

41 Canada IT Service Management Market, By End-use

42 Mexico IT Service Management Market, By Type

43 Mexico IT Service Management Market, By Deployment Type

44 Mexico IT Service Management Market, By End-use

45 Four Quadrant Positioning Matrix

46 Company Market Share Analysis

47 Merck & Co. Inc.: Company Snapshot

48 Merck & Co. Inc.: SWOT Analysis

49 Merck & Co. Inc.: Geographic Presence

50 Serviceaide, Inc.: Company Snapshot

51 Serviceaide, Inc.: SWOT Analysis

52 Serviceaide, Inc.: Geographic Presence

53 IBM: Company Snapshot

54 IBM: SWOT Analysis

55 IBM: Geographic Presence

56 Microsoft: Company Snapshot

57 Microsoft: Swot Analysis

58 Microsoft: Geographic Presence

59 Cherwell Software, LLC: Company Snapshot

60 Cherwell Software, LLC: SWOT Analysis

61 Cherwell Software, LLC: Geographic Presence

62 FRESHWORKS INC.: Company Snapshot

63 FRESHWORKS INC.: SWOT Analysis

64 FRESHWORKS INC.: Geographic Presence

65 SysAid : Company Snapshot

66 SysAid : SWOT Analysis

67 SysAid : Geographic Presence

68 SolarWinds Worldwide, LLC.: Company Snapshot

69 SolarWinds Worldwide, LLC.: SWOT Analysis

70 SolarWinds Worldwide, LLC.: Geographic Presence

71 TATA Consultancy Services Limited, Inc.: Company Snapshot

72 TATA Consultancy Services Limited, Inc.: SWOT Analysis

73 TATA Consultancy Services Limited, Inc.: Geographic Presence

74  Infosys Limited: Company Snapshot

75  Infosys Limited: SWOT Analysis

76  Infosys Limited: Geographic Presence

77 Other Companies: Company Snapshot

78 Other Companies: SWOT Analysis

79 Other Companies: Geographic Presence

The Global IT Service Management Market has been studied from the year 2019 till 2028. However, the CAGR provided in the report is from the year 2023 to 2028. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

IT Service Management Market Size

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the IT Service Management Market.

IT Service Management Market Growth

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

IT Service Management Market Trends

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

IT Service Management Market Share

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Frequently Asked Questions

The global IT service management market is projected to grow at a CAGR of 20% from 2023 to 2028.
Merck & Co. Inc., Serviceaide, Inc., IBM, Microsoft, Cherwell Software, LLC, Freshworks Inc., SysAid, SolarWinds Worldwide, LLC, TATA Consultancy Services Limited, and Infosys Limited among others, are some of the key players in the global IT service management market.
Opportunities prevailing in the global IT service management market include the growing demand for cloud-based ITSM solutions, the adoption of AI and automation for process optimization, the expansion of ITSM into emerging industries, the need for advanced cybersecurity solutions, and the increasing focus on delivering personalized and seamless customer experiences.
Factors such as increasing reliance on technology, digital transformation initiates, growing complexity of IT infrastructure, need for improved service quality and customer satisfaction, shift towards cloud computing and increasing adoption of AI and automation are propelling the growth of the global IT service management market.

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