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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><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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