Product Code: VMR11210904
Global Cloud-Based ITSM Market size is anticipated to grow from USD 23.63 Billion in 2024 to USD 120 Billion by 2033, showcasing a robust Compound Annual Growth Rate (CAGR) of 19.79% during the forecast period of 2026 to 2033.
The cloud-based IT service management (ITSM) market is experiencing rapid growth, driven by the increasing need for organizations to streamline their IT operations and enhance service delivery. As businesses transition to digital-first strategies, the demand for flexible and scalable ITSM solutions is surging. Cloud-based ITSM platforms offer numerous advantages, including reduced infrastructure costs, improved accessibility, and the ability to integrate with other cloud services. This shift towards cloud adoption is enabling organizations to respond more effectively to changing business needs and customer expectations, ultimately enhancing operational efficiency and service quality.
Technological advancements are significantly shaping the cloud-based ITSM landscape, with innovations in artificial intelligence (AI) and machine learning (ML) enhancing the capabilities of IT service management tools. These technologies enable predictive analytics, automated ticketing, and intelligent routing of service requests, allowing IT teams to proactively address issues and improve response times. Additionally, the integration of chatbots and virtual assistants into ITSM platforms is streamlining user interactions and providing instant support, further enhancing the overall user experience. As organizations increasingly recognize the value of leveraging technology to optimize their IT operations, the cloud-based ITSM market is expected to witness robust growth.
The future of the cloud-based ITSM market will also be influenced by the growing emphasis on cybersecurity and data protection. As organizations migrate their IT services to the cloud, ensuring the security of sensitive data becomes paramount. Cloud-based ITSM providers are responding by implementing advanced security measures, such as encryption, multi-factor authentication, and compliance with industry regulations. Furthermore, the rise of remote work is driving the demand for ITSM solutions that facilitate collaboration and support distributed teams. As the market continues to evolve, cloud-based ITSM will play a crucial role in enabling organizations to navigate the complexities of modern IT environments while ensuring service excellence and security.
Our reports are meticulously crafted to provide clients with comprehensive and actionable insights into various industries and markets. Each report encompasses several critical components to ensure a thorough understanding of the market landscape:
Market Overview: A detailed introduction to the market, including definitions, classifications, and an overview of the industry's current state.
Market Dynamics: In-depth analysis of key drivers, restraints, opportunities, and challenges influencing market growth. This section examines factors such as technological advancements, regulatory changes, and emerging trends.
Segmentation Analysis: Breakdown of the market into distinct segments based on criteria like product type, application, end-user, and geography. This analysis highlights the performance and potential of each segment.
Competitive Landscape: Comprehensive assessment of major market players, including their market share, product portfolio, strategic initiatives, and financial performance. This section provides insights into the competitive dynamics and key strategies adopted by leading companies.
Market Forecast: Projections of market size and growth trends over a specified period, based on historical data and current market conditions. This includes quantitative analyses and graphical representations to illustrate future market trajectories.
Regional Analysis: Evaluation of market performance across different geographical regions, identifying key markets and regional trends. This helps in understanding regional market dynamics and opportunities.
Emerging Trends and Opportunities: Identification of current and emerging market trends, technological innovations, and potential areas for investment. This section offers insights into future market developments and growth prospects.
SEGMENTATION COVERED IN THE REPORT
By Deployment Model
- Public Cloud
- Private Cloud
- Hybrid Cloud
By Organization Size
- Small and Medium-sized Enterprises (SMEs)
- Large Enterprises
By Industry Vertical
- IT and Telecom
- Banking and Financial Services
- Manufacturing
- Healthcare
- Retail and Consumer Goods
By Functionality
- Incident Management
- Problem Management
- Change Management
- Service Level Management
- Configuration Management
By Vendor Type
- Pure-play Cloud ITSM Vendors
- Traditional ITSM Vendors with Cloud Offerings
- Managed Service Providers (MSPs)
- COMPANIES PROFILED
- BMC Software
- SAP
- Pegasystems
- Micro Focus
- Microsoft
- Freshworks
- IBM
- Atlassian
- Oracle
- Salesforce
- Ivanti
- ManageEngine
- ServiceNow
- Cherwell Software.
- The above list can be customized.
TABLE OF CONTENTS
1. PREFACE
- 1.1. Report Description
- 1.1.1 Objective
- 1.1.2 Target Audience
- 1.1.3 Unique Selling Proposition (USP) & offerings
- 1.2. Research Scope
- 1.3. Research Methodology
- 1.3.1 Market Research Process
- 1.3.2 Market Research Methodology
2. EXECUTIVE SUMMARY
- 2.1. Highlights of Market
- 2.2. Global Market Snapshot
3. CLOUD-BASED ITSM INDUSTRY ANALYSIS
- 3.1. Introduction - Market Dynamics
- 3.2. Market Drivers
- 3.3. Market Restraints
- 3.4. Opportunities
- 3.5. Industry Trends
- 3.6. Porter's Five Force Analysis
- 3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Deployment Model
- 3.7.2 Market Attractiveness Analysis By Organization Size
- 3.7.3 Market Attractiveness Analysis By Industry Vertical
- 3.7.4 Market Attractiveness Analysis By Functionality
- 3.7.5 Market Attractiveness Analysis By Vendor Type
- 3.7.6 Market Attractiveness Analysis By Region
4. VALUE CHAIN ANALYSIS
- 4.1. Value Chain Analysis
- 4.2. Raw Material Analysis
- 4.2.1 List of Raw Materials
- 4.2.2 Raw Material Manufactures List
- 4.2.3 Price Trend of Key Raw Materials
- 4.3. List of Potential Buyers
- 4.4. Marketing Channel
- 4.4.1 Direct Marketing
- 4.4.2 Indirect Marketing
- 4.4.3 Marketing Channel Development Trend
5. GLOBAL CLOUD-BASED ITSM MARKET ANALYSIS BY DEPLOYMENT MODEL
- 5.1. Overview By Deployment Model
- 5.2. Historical and Forecast Data Analysis By Deployment Model
- 5.3. Public Cloud Historic and Forecast Sales By Regions
- 5.4. Private Cloud Historic and Forecast Sales By Regions
- 5.5. Hybrid Cloud Historic and Forecast Sales By Regions
6. GLOBAL CLOUD-BASED ITSM MARKET ANALYSIS BY ORGANIZATION SIZE
- 6.1. Overview By Organization Size
- 6.2. Historical and Forecast Data Analysis By Organization Size
- 6.3. Small and Medium-sized Enterprises (SMEs) Historic and Forecast Sales By Regions
- 6.4. Large Enterprises Historic and Forecast Sales By Regions
7. GLOBAL CLOUD-BASED ITSM MARKET ANALYSIS BY INDUSTRY VERTICAL
- 7.1. Overview By Industry Vertical
- 7.2. Historical and Forecast Data Analysis By Industry Vertical
- 7.3. IT and Telecom Historic and Forecast Sales By Regions
- 7.4. Banking and Financial Services Historic and Forecast Sales By Regions
- 7.5. Manufacturing Historic and Forecast Sales By Regions
- 7.6. Healthcare Historic and Forecast Sales By Regions
- 7.7. Retail and Consumer Goods Historic and Forecast Sales By Regions
8. GLOBAL CLOUD-BASED ITSM MARKET ANALYSIS BY FUNCTIONALITY
- 8.1. Overview By Functionality
- 8.2. Historical and Forecast Data Analysis By Functionality
- 8.3. Incident Management Historic and Forecast Sales By Regions
- 8.4. Problem Management Historic and Forecast Sales By Regions
- 8.5. Change Management Historic and Forecast Sales By Regions
- 8.6. Service Level Management Historic and Forecast Sales By Regions
- 8.7. Configuration Management Historic and Forecast Sales By Regions
9. GLOBAL CLOUD-BASED ITSM MARKET ANALYSIS BY VENDOR TYPE
- 9.1. Overview By Vendor Type
- 9.2. Historical and Forecast Data Analysis By Vendor Type
- 9.3. Pure-play Cloud ITSM Vendors Historic and Forecast Sales By Regions
- 9.4. Traditional ITSM Vendors with Cloud Offerings Historic and Forecast Sales By Regions
- 9.5. Managed Service Providers (MSPs) Historic and Forecast Sales By Regions
10. GLOBAL CLOUD-BASED ITSM MARKET ANALYSIS BY GEOGRAPHY
- 10.1. Regional Outlook
- 10.2. Introduction
- 10.3. North America Sales Analysis
- 10.3.1 Overview, Historic and Forecast Data Sales Analysis
- 10.3.2 North America By Segment Sales Analysis
- 10.3.3 North America By Country Sales Analysis
- 10.3.4 United States Sales Analysis
- 10.3.5 Canada Sales Analysis
- 10.3.6 Mexico Sales Analysis
- 10.4. Europe Sales Analysis
- 10.4.1 Overview, Historic and Forecast Data Sales Analysis
- 10.4.2 Europe By Segment Sales Analysis
- 10.4.3 Europe By Country Sales Analysis
- 10.4.4 United Kingdom Sales Analysis
- 10.4.5 France Sales Analysis
- 10.4.6 Germany Sales Analysis
- 10.4.7 Italy Sales Analysis
- 10.4.8 Russia Sales Analysis
- 10.4.9 Rest Of Europe Sales Analysis
- 10.5. Asia Pacific Sales Analysis
- 10.5.1 Overview, Historic and Forecast Data Sales Analysis
- 10.5.2 Asia Pacific By Segment Sales Analysis
- 10.5.3 Asia Pacific By Country Sales Analysis
- 10.5.4 China Sales Analysis
- 10.5.5 India Sales Analysis
- 10.5.6 Japan Sales Analysis
- 10.5.7 South Korea Sales Analysis
- 10.5.8 Australia Sales Analysis
- 10.5.9 South East Asia Sales Analysis
- 10.5.10 Rest Of Asia Pacific Sales Analysis
- 10.6. Latin America Sales Analysis
- 10.6.1 Overview, Historic and Forecast Data Sales Analysis
- 10.6.2 Latin America By Segment Sales Analysis
- 10.6.3 Latin America By Country Sales Analysis
- 10.6.4 Brazil Sales Analysis
- 10.6.5 Argentina Sales Analysis
- 10.6.6 Peru Sales Analysis
- 10.6.7 Chile Sales Analysis
- 10.6.8 Rest of Latin America Sales Analysis
- 10.7. Middle East & Africa Sales Analysis
- 10.7.1 Overview, Historic and Forecast Data Sales Analysis
- 10.7.2 Middle East & Africa By Segment Sales Analysis
- 10.7.3 Middle East & Africa By Country Sales Analysis
- 10.7.4 Saudi Arabia Sales Analysis
- 10.7.5 UAE Sales Analysis
- 10.7.6 Israel Sales Analysis
- 10.7.7 South Africa Sales Analysis
- 10.7.8 Rest Of Middle East And Africa Sales Analysis
11. COMPETITIVE LANDSCAPE OF THE CLOUD-BASED ITSM COMPANIES
- 11.1. Cloud-Based ITSM Market Competition
- 11.2. Partnership/Collaboration/Agreement
- 11.3. Merger And Acquisitions
- 11.4. New Product Launch
- 11.5. Other Developments
12. COMPANY PROFILES OF CLOUD-BASED ITSM INDUSTRY
- 12.1. Top Companies Market Share Analysis
- 12.2. Market Concentration Rate
- 12.3. BMC Software
- 12.3.1 Company Overview
- 12.3.2 Company Revenue
- 12.3.3 Products
- 12.3.4 Recent Developments
- 12.4. SAP
- 12.4.1 Company Overview
- 12.4.2 Company Revenue
- 12.4.3 Products
- 12.4.4 Recent Developments
- 12.5. Pegasystems
- 12.5.1 Company Overview
- 12.5.2 Company Revenue
- 12.5.3 Products
- 12.5.4 Recent Developments
- 12.6. Micro Focus
- 12.6.1 Company Overview
- 12.6.2 Company Revenue
- 12.6.3 Products
- 12.6.4 Recent Developments
- 12.7. Microsoft
- 12.7.1 Company Overview
- 12.7.2 Company Revenue
- 12.7.3 Products
- 12.7.4 Recent Developments
- 12.8. Freshworks
- 12.8.1 Company Overview
- 12.8.2 Company Revenue
- 12.8.3 Products
- 12.8.4 Recent Developments
- 12.9. IBM
- 12.9.1 Company Overview
- 12.9.2 Company Revenue
- 12.9.3 Products
- 12.9.4 Recent Developments
- 12.10. Atlassian
- 12.10.1 Company Overview
- 12.10.2 Company Revenue
- 12.10.3 Products
- 12.10.4 Recent Developments
- 12.11. Oracle
- 12.11.1 Company Overview
- 12.11.2 Company Revenue
- 12.11.3 Products
- 12.11.4 Recent Developments
- 12.12. Salesforce
- 12.12.1 Company Overview
- 12.12.2 Company Revenue
- 12.12.3 Products
- 12.12.4 Recent Developments
- 12.13. Ivanti
- 12.13.1 Company Overview
- 12.13.2 Company Revenue
- 12.13.3 Products
- 12.13.4 Recent Developments
- 12.14. ManageEngine
- 12.14.1 Company Overview
- 12.14.2 Company Revenue
- 12.14.3 Products
- 12.14.4 Recent Developments
- 12.15. ServiceNow
- 12.15.1 Company Overview
- 12.15.2 Company Revenue
- 12.15.3 Products
- 12.15.4 Recent Developments
- 12.16. Cherwell Software
- 12.16.1 Company Overview
- 12.16.2 Company Revenue
- 12.16.3 Products
- 12.16.4 Recent Developments
Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies