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Service Integration and Management Market by Component, Solution, Service, Organization Size, Vertical And Region - Global Forecast to 2023

Service Integration and Management Market: Global Forecast until 2023

  • August 2018
  • 159 pages
  • ID: 5090297
In this report:
The market size of the application lifecycle management segment is expected to grow from USD ##.## million in 2018 to USD ##.## million by 2023, at a CAGR of ##.##% during the forecast period.
The market size of the IT and telecommunications vertical is expected to grow from USD ##.## million in 2018 to USD ##.## million by 2023, at a CAGR of ##.##% during the forecast period.

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The overall service integration and management market size to grow at a Compound Annual Rise rate of 5.70 percent during the forecast period.

The overall service integration and management market size is forecasted to grow from ~$3.7B in 2018 to ~$4.8B by 2023, at a Compound Annual Increase rate of 5.70 percent during the forecast period. Main increase factors for the industry contain growing complexities of service management, increasing use of cost-effective SIAM framework, and a increasing demand for multi-vendor outsourcing. Nevertheless, lack of uniform Service-Level Agreements and stringent regulations could restrain the market increase.

Services component segment to grow at a better compound annual growth rate during the outlook period

Services play a vital role in the global SIAM market, as these services help firms in the effective functioning of the entire IT infrastructure system, along with specific advisory and implementation services for digital transformation of business processes.SIAM helps seamlessly integrate interdependent services from a multitude of internal and external service providers into single end-to-end services to meet business requirements.

SIAM services are gaining traction among companies, as they are cost-efficient with no requirement to purchase, install, and maintain the system.

North America continent to hold the biggest sector size, and Asia Pacific (APAC) to grow at the maximal rate during the estimate period.

North America (NA) is forecasted to hold the biggest industry size in the overall SIAM market, as it is a technologically advanced area.The USA and Canada (CA) are main contributors to the rise of SIAM market.

These countries have been implementing SIAM solutions extensively with the rising adoption of enterprise mobility solutions.The North American SIAM market is increasing, due to the adoption of cloud, commoditization of IT operations, and progression of third-party platforms, including social, mobile, analytics, and IoT.

As various firms based in the USA are expanding their presence across the world, they need to outsource many of their services to offer effective and efficient core services to their respective clients. The growing need for outsourcing of services has led them to take the SIAM solutions to manage multiple vendors.

Asia-Pac is expected to grow at the highest compound annual growth rate (CAGR) during the outlook period.The territory is attesting dynamic changes in the adoption of new technologies and advancements in the IT vertical.

APAC firms' IT budget is growing increasing, and a main portion of the budget is being spent on regulatory compliance and in implementing better reporting standards.The rising overall competition and the high economic increase in the emerging countries, such as china (CN) and India (IN), are boosting the increase of SIAM market in Asia-Pacific.

China (CN) plays a main role in the technological landscape of APAC and is heavily dependent on technological innovations. Therefrom, institutions are quickly adopting the SIAM solutions to rise the global operational efficiency and reduce the operating costs.

In the process of finding out and checking the market size of different segments and sub-segments collected by secondary research, extensive primary audit sessions were managed with the top people. The primary participants' profile breakup is like:

• By Organization: Tier 1 - 30 %, Tier 2 - 40.0 percent, and Tier 3 - 30.0 percent

• By Description: C-suite - 72.0 percent, D-level - 14.0 percent, and Others - 14.0 percent

• By Area: North America continent - 57.0 percent, Europe (EU) - 14.0 percent, Asia-Pac, and rest of the world - 29.0 percent

Main vendors in the overall SIAM market contain IBM (NYSE:IBM), Capgemini, HCL Technologies, DXC Technology, Atos, TCS, Wipro, Accenture, Fujitsu (TYO:6702), Mindtree, Oracle Corporation (NYSE:ORCL), NTT DATA, Quint Wellington Redwood, ServiceNow, and CGI. Other actors contain Cherwell, BAE Systels (BAESF), Infosys, Little Fish, Keysource, Tieto, 4me, Data Ductus, Sofigate, and Sopra Steria.

Segment Research

The market research includes an detailed competitive review of main actors in the overall SIAM market, together with their company descriptions, recent evolutions, and key industries strategies. The document breaks down the overall SIAM market by component (solution and services), business solutions, technology solutions, organization size, vertical and territories.

Why Purchasing This Study Can Help You:

The industry report on the overall SIAM market will facilitate industry top players/new sector entrants in the sector in these ways:

1. The overall SIAM market size has been derived from the incomes generated by sellers offering dedicated SIAM solutions and services that help different enterprises to manage their multiple vendors across business operations. Because, the market scope excludes the income generated from third-party managed service providers. The study offers the best approximations of the revenue data for the global market and sub-segments. The industry numbers are further split into localities.

2. The analysis benefits partners comprehend the pulse of the sector and offers them with info on the main market drivers, market restraints, opportunities, and alternatives.

3. The market research benefits partners to comprehend players and obtain additional insights to better their market position. The competitive outlook section includes competitor landscape, new industry product developments, alliances, and mergers and acquisitions.

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