The global IT Operations and Service
Management (ITOSM) market is anticipated to reach $29.7 billion by 2026,
registering a CAGR of 12.4% from 2021 to 2026.
IT Operations and Service Management also continues to witness significant demand in the cosmetic industry attributed to increasing vitamin A properties. These factors are expected to impact growth of the global IT Operations and Service Management market during the forecast period.
The IT Operations and Service Management market is segmented by type and application. Growth between segments over the period 2022-2028 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.
The Major Players In The IT Operations and Service Management Market Include:
· Microsoft Corporation
· BMC Software Inc.
· Oracle Corp
· IBM Corporation
· HP Inc
· CA Technology Inc
· Dell Inc
· Toshiba Corporation
· Hewlett Packard Enterprise Company
Market has segmented the global IT Operations and Service Management market on the basis of type, application, and region:
· ITOM type
· Automation and Discovery
· Event Management
· Cloud Provisioning
· Workload and IT Automation
· Managed Services
· Project Oriented Services
· Telecom and IT
· Retail and Wholesale Distribution
· Energy and Utilities
By Regional Outlook (Revenue, USD Billion, 2017 – 2028)
Covid-19 Impact and Recovery Analysis on Industry:
The COVID-19 pandemic has had devastating effects on several industry verticals globally. To constrain the number of cases and slow the coronavirus spread, various public health guidelines were implemented in different countries across the globe. COVID-19 protocols ranging from declaring national emergency states, enforcing stay-at-home orders, closing nonessential business operations and schools, banning public gatherings, imposing curfews, distributing digital passes, and allowing police to restrict citizen movements within a country, as well as closing international borders. With the growing vaccination rate, governments are uplifting the protocols to give a boost to the stagnant economy. Like other industries, IT Operations and Service Management Market have experienced slowdown the growth, however market is expected bounce back as restrictions are being lifted up by governments across the globe.
Report covered the major key points: