Increasing Demand of Cloud-Based ITSM Solutions Among the SMES

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MarketsandMarkets Presents
Cloud-Based ITSM Market worth 8.78 Billion USD by
2021     http//www.marketsandmarkets.com/Market-R
eports/cloud-based-itsm-market-261087410.html

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According to a new market research
report, "Cloud-Based ITSM Market by Solution
(Service Portfolio Management, Change
Configuration Management, Service Desk Software,
Operations Performance Management, Dashboard,
Reporting, Analytics), Service, Vertical,
Region - Global Forecast to 2021", published by
MarketsandMarkets, the global market is estimated
to grow from USD 4.41 Billion in 2016 to USD 8.78
Billion by 2021, at a Compound Annual Growth Rate
(CAGR) of 14.8 from 2016 to 2021.   Browse gtgt
58 Data Tables 57 Figures
167 Pages and in-depth TOC on Cloud-Based ITSM
Market" http//www.marketsandmarkets.com/Market-R
eports/cloud-based-itsm-market-261087410.html Ear
ly buyers will receive 10 customization on this
report.
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The operations and performance management
solutions are expected to dominate the market
from 2016 to 2021. This is due to the everyday
need to maintain and manage organizational IT
infrastructure and services. Furthermore, due to
the increasing adoption of BYOD trends in
enterprises, dashboard, reporting, and analytics
solutions are expected to gain traction in the
next 5 years. Telecom and IT segment to grow at
the highest rate during the forecast period
The telecom and IT segment is expected to grow
at a rapid rate from 2016 to 2021 in the
Cloud-Based ITSM Market. The high growth rate can
be attributed to the increased usage of
smartphones and tablets across IT organizations.
The healthcare and life science segment is
expected to contribute the largest market share
in the Cloud-Based ITSM Market in 2016. The
market is also projected to witness growth in the
travel and hospitality, manufacturing, and
education segment during the forecast period.
http//www.marketsandmarkets.com/Market-Reports/cl
oud-based-itsm-market-261087410.html
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North America is expected to contribute the
largest market share during the forecast
period  North America is expected to have the
largest market share and dominate the Cloud-Based
ITSM Market from 2016 to 2021, due to the rapid
adoption of BYOD policies for enhanced
productivity, employee satisfaction, and cost
effectiveness. These policies require remote
accessibility of information, which is
facilitated by cloud-based ITSM solutions. Latin
America offers potential growth opportunities, as
there is rise in technology penetration and
organizations are focusing on offering better
customer experience to differentiate themselves
from the competitors. Key Players The major
vendors in the Cloud-Based ITSM Market include
BMC Software, Inc., CA Technologies, ServiceNow,
Cherwell Software, LLC, Hewlett Packard
Enterprise Company, and HEAT Software USA, Inc.,
along with others. The report also includes key
innovators in the market, such as ManageEngine
(Zoho Corporation), CloudHealth Technologies,
SysAid Technologies Ltd., Serena Software, Inc.,
and LANDesk Software, Inc.
http//www.marketsandmarkets.com/Market-Reports/c
loud-based-itsm-market-261087410.html  
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oud-based-itsm-market-261087410.html
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