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Increasing Adoption Of Cloud Computing Among Organizations Is Likely To Propel Growth Of The IT Operations And Services Market

The global IT operations and services management market valued US$ 26.2 Billion in 2021 and is likely to reach US$ 27.8 Billion by 2022. IT operations and services management (ITOSM) market is expected to reach a valuation of US$ 53.2 Billion during the forecast period, 2022-2032.

From 2021 to 2022, the market is expected to exhibit a Y-o-Y growth rate of 6.1%.  Expansion of the market can be attributed to the growing demand for cloud-based ITSM solutions and services owing to the increasing adoption of cloud computing among organizations.

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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of IT Operations And Services market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of IT Operations And Services

This newly published and insightful report sheds light on Market Insights of IT Operations And Services, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of IT Operations And Services Market.

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Competitive Landscape

Key players in the global IT operations and services management market focus on product development, mergers & acquisition, and collaborations. Players are taking various efforts to collaborate with several technologies provider to offer lucrative results. Recent Key developments among players are:

  • In January 2020, Freshworks Inc., disclosed its partnership with Splashtop, a player that provides remote support solutions, remote access, and collaboration. The partnership is expected to offer remote support solutions to the users of Freshworks’ ITSM software.
  • In July 2020, SolarWinds expanded its IT operations management portfolio to meet the demands of IT professionals functioning in hybrid IT realities and sustain economic pressures.
Report Attributes Details
Anticipated Base Year Value (2021) US$ 26.2 Billion
Expected Market Value (2022) US$ 27.8 Billion
Projected Forecast Value (2022-2032) US$ 53.2 Billion
Anticipated Market Size of China (2032) US$ 3.8 Billion
Projected CAGR of Japan (2022-2032) 6.5%
Expected Market Size of Australia US$ 1.6 Billion
Key Players in the Global IT Operations and Services Management Market IBM CorporationOracle CorporationHP Inc.Compuware CorporationServiceNow, Inc.

From 2021 to 2022, the market is expected to exhibit a Y-o-Y growth rate of 6.1%.  Expansion of the market can be attributed to the growing demand for cloud-based ITSM solutions and services owing to the increasing adoption of cloud computing among organizations.

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Key Segments Profiled in the Global IT Operations and Services Management Market

  • IT Operations and Services Management Market by Type :
    • IT Operations and Services Management by ITSM
    • IT Operations and Services Management by ITOM
  • IT Operations and Services Management Market by ITOM Type :
    • IT Operations and Services Management by Configuration Automation and Discovery
    • IT Operations and Services Management by Event Management
    • IT Operations and Services Management by Cloud Provisioning
    • IT Operations and Services Management by Workload and IT Automation
  • IT Operations and Services Management Market by Industry Verticals :
    • IT Operations and Services Management by BFSI
    • IT Operations and Services Management by Telecom and IT
    • IT Operations and Services Management by Government
    • IT Operations and Services Management by Healthcare/ Medical/ Pharmaceutical
    • IT Operations and Services Management by Aerospace/ Defense
    • IT Operations and Services Management by Retail/ Wholesale/Distribution
    • IT Operations and Services Management by Manufacturing
    • IT Operations and Services Management by Education
    • IT Operations and Services Management by Hospitality/ Entertainment/ Recreation/ Travel
    • IT Operations and Services Management by Energy Utilities
    • Others
  • IT Operations and Services Management Market by Region :
    • IT Operations and Services Management in North America
    • IT Operations and Services Management in Europe
    • IT Operations and Services Management in Asia Pacific
    • IT Operations and Services Management in Middle East & Africa
    • IT Operations and Services Management in Latin America


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Key Question answered in the survey of IT Operations And Services    market report:

  • Sales and Demand of IT Operations And Services
  • Growth of IT Operations And Services   Market
  • Market Analysis of IT Operations And Services
  • Market Insights of IT Operations And Services
  • Key Drivers Impacting the IT Operations And Services   market
  • Which are the Key drivers impacted by IT Operations And Services   market
  • Restraints IT Operations And Services  Market Growth
  • Market Survey of IT Operations And Services


More Valuable Insights on IT Operations And Services Market

Fact.MR, in its new report, offers an unbiased Market Analysis of IT Operations And Services, Sales and Demand of IT Operations And Services, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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