IT Operations and Services Management in Japan is Anticipated to Generate US$ 2.8 Billion by 2032
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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Why is it anticipated that APAC would grow at the highest CAGR during the forecast period?
Building infrastructure in various economies that are changing in order to benefit the local market
Asia is anticipated to grow at the fastest CAGR during the forecast period, according to the report. Due to the existence of several emerging countries in the area, the regional market has grown. China is anticipated to generate a market value of US$ 3.8 billion by 2032, while Japan is anticipated to generate US$ 2.8 billion throughout the projection period, according to Fact. MR. China and Japan are expected to have CAGRs of 6.8% and 6.5%, respectively.
Throughout the forecast period, a rise in technology adoption from consumer products, the manufacturing sector, and transportation and logistics to provide a better customer experience is anticipated to fuel the market in APAC. additionally with favour. Furthermore, due to the existence of several chances, established players from around the world are working to increase their presence in APAC.
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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.
Key Companies Profiled:
- IBM Corporation
- Oracle Corporation
- HP Inc.
- Compuware Corporation
- ServiceNow, Inc.
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Key Segments Profiled in the Global IT Operations and Services Management Market
- by Type :
- ITSM
- ITOM
- by ITOM Type :
- Configuration Automation and Discovery
- Event Management
- Cloud Provisioning
- Workload and IT Automation
- by Industry Verticals :
- BFSI
- Telecom and IT
- Government
- Healthcare/ Medical/ Pharmaceutical
- Aerospace/ Defense
- Retail/ Wholesale/Distribution
- Manufacturing
- Education
- Hospitality/ Entertainment/ Recreation/ Travel
- Energy Utilities
- Others
Key Questions Covered in the IT Operations and Services Management Market Report
- What is the projected value of the IT Operations and Services Management factors Industry in 2022?
- At what rate will the global IT Operations and Services Management factors market size grow until 2032?
- Which are the factors hampering the growth of IT Operations and Services Management factors?
- Which region is expected to lead in the global IT Operations and Services Management factors market By 2032?
- Which are the factors driving the IT Operations and Services Management factors Industry during the forecast period?
- What is the expected market value of the IT Operations and Services Management factors market during the forecast period?
Regional Analysis For IT Operations and Services Management Market:
- APAC (Japan, China, South Korea, Australia, India, and the rest of APAC; the rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
- North America (USA, Canada and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Saudi Arabia, United Arab Emirates, South Africa)
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