Cloud-Based ITSM Market Revenue, Opportunity, Segment and Key Trends 2017-2027
Cloud based technologies and services are opted for business purpose by most of the organization due to increase in usage of smartphones and tablets which enables employees to work remotely. With the help of cloud-based ITSM, many organizations are moving towards BYOD trend which allows user to access organizational data and resources from different location. Cloud based ITSM provides transparency to value added services and satisfying business needs by ensuring high quality solutions. Cloud-based ITSM is a new way of offering IT and business services without on premises deployment of the system thereby reducing setup cost which helps for managing and maintenance of backend infrastructure. The three service strategies used in cloud-based ITSM are Portfolio management, demand management and financial management. These services are effectively used for workload and cost calculations to meet the rapidly increasing workload demand. Cloud-based ITSM is a way to improve a current service or to implement new service.
Cloud based technologies and services are opted for business purpose by most of the organization due to increase in usage of smartphones and tablets which enables employees to work remotely. With the help of cloud-based ITSM, many organizations are moving towards BYOD trend which allows user to access organizational data and resources from different location. Cloud based ITSM provides transparency to value added services and satisfying business needs by ensuring high quality solutions. Cloud-based ITSM is a new way of offering IT and business services without on premises deployment of the system thereby reducing setup cost which helps for managing and maintenance of backend infrastructure.
The three service strategies used in cloud-based ITSM are Portfolio management, demand management and financial management. These services are effectively used for workload and cost calculations to meet the rapidly increasing workload demand. Cloud-based ITSM is a way to improve a current service or to implement new service.
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<strong>Cloud</strong>-<strong>Based</strong> <strong>ITSM</strong> <strong>Market</strong>: Global Industry Analysis <strong>and</strong><br />
<strong>Opportunity</strong> Assessment <strong>2017</strong>-<strong>2027</strong><br />
March <strong>2017</strong><br />
Report Id : REP-GB-2948<br />
Status : Ongoing<br />
Category : Electronics, Semiconductors, <strong>and</strong> ICT<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved
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<strong>Cloud</strong>-<strong>Based</strong> <strong>ITSM</strong> <strong>Market</strong><br />
<strong>Cloud</strong> based technologies <strong>and</strong> services are opted for business purpose by most of the organization due to<br />
increase in usage of smartphones <strong>and</strong> tablets which enables employees to work remotely. With the help of<br />
cloud-based <strong>ITSM</strong>, many organizations are moving towards BYOD trend which allows user to access<br />
organizational data <strong>and</strong> resources from different location. <strong>Cloud</strong> based <strong>ITSM</strong> provides transparency to value<br />
added services <strong>and</strong> satisfying business needs by ensuring high quality solutions. <strong>Cloud</strong>-based <strong>ITSM</strong> is a new<br />
way of offering IT <strong>and</strong> business services without on premises deployment of the system thereby reducing<br />
setup cost which helps for managing <strong>and</strong> maintenance of backend infrastructure.<br />
The three service strategies used in cloud-based <strong>ITSM</strong> are Portfolio management, dem<strong>and</strong> management <strong>and</strong><br />
financial management. These services are effectively used for workload <strong>and</strong> cost calculations to meet the<br />
rapidly increasing workload dem<strong>and</strong>. <strong>Cloud</strong>-based <strong>ITSM</strong> is a way to improve a current service or to<br />
implement new service.<br />
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<strong>Cloud</strong>-<strong>Based</strong> <strong>ITSM</strong>:Drivers <strong>and</strong> Challenges<br />
The major factors driving the adoption cloud-based <strong>ITSM</strong> are increase in mobile workforce, security <strong>and</strong><br />
privacy concern. In enterprise application, the drift towards cloud technology has created huge impact on<br />
cloud- based <strong>ITSM</strong> market which helps to improve security of data, integrity <strong>and</strong> delivery of services. <strong>Cloud</strong><br />
based solutions delivers business enabling IT services quickly <strong>and</strong> flexibly at lower cost. Most of the<br />
companies are adopting advent advanced technologies such as Bigdata <strong>and</strong> internet of things. These<br />
technology are used due to its advance feature like agile implementation, easy deployment <strong>and</strong> subscription<br />
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<strong>Cloud</strong>-<strong>Based</strong> <strong>ITSM</strong> <strong>Market</strong><br />
based pricing.<br />
The major restrains faced by cloud-based <strong>ITSM</strong> market is increased business scrutiny <strong>and</strong> complexity. Now-adays,<br />
due to substantial adoption of internet of things for various cloud based applications <strong>and</strong> excess use of<br />
remote application, most of the organizations are facing problem such as compliance which causes<br />
complexity in business.<br />
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<strong>Cloud</strong>-<strong>Based</strong> <strong>ITSM</strong>: <strong>Key</strong> Players<br />
Some of the key players of cloud-based <strong>ITSM</strong> are:BMC Software, Inc., CA Technologies, Service Now,<br />
Cherwell Software, LLC, Hewlett Packard Enterprise Company, <strong>and</strong> HEAT Software USA.<br />
<strong>Cloud</strong>-<strong>Based</strong> <strong>ITSM</strong>: Regional Overview<br />
Presently, North American region is holding the largest market share of cloud-based <strong>ITSM</strong> market due to<br />
rapid adoption of BYOD policies. Moreover, it offers enhanced productivity by remote access <strong>and</strong> it is also<br />
helps to lower down the initial setup cost.<br />
The market of cloud-based <strong>ITSM</strong> is witnessing high growth rate in the region of Latin America due to rise in<br />
<strong>ITSM</strong>technology penetration. Vendors are trying to focus more on customer satisfaction in this region.<br />
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<strong>Cloud</strong>-<strong>Based</strong> <strong>ITSM</strong> <strong>Market</strong><br />
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