クラウドITSM市場 – 2024年までの世界予測

Cloud ITSM Market - Global Forecast to 2029

クラウドITSM市場 : 提供内容 [ソリューション (変更&構成管理、運用&パフォーマンス管理)&サービス]、導入モード (パブリック、プライベート、ハイブリッドクラウド)、組織の規模、業種&地域別 - 2029年までの世界予測
Cloud ITSM Market by Offering (Solutions (Change & Configuration Management, Operations & Performance Management), and Services), Deployment Mode (Public, Private, Hybrid Cloud), Organization Size, Vertical and Region - Global Forecast to 2029
出版MarketsandMarkets
出版年月2024年5月
ページ数327
図表数351
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The Cloud ITSM market size is expected to grow from USD 9.5 billion in 2024 to USD 17.8 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 13.5% during the forecast period.

クラウドITSM市場規模は、予測期間中に13.5%の年間平均成長率(CAGR)で、2024年の95億米ドルから2029年までに178億米ドルに成長すると予想されています。

クラウドITSM市場 - 2024年までの世界予測

IT teams know the privacy breach, downtime and service interruption, and potential data transfer risks between devices and the cloud. Cloud ITSM addresses these concerns by minimizing the need for extensive data transfer in specific environments. By leveraging a cloud platform, organizations can locally filter sensitive data and only transmit essential information required for model building to the cloud. This approach enables enterprises to maintain robust security measures and compliance frameworks tailored to their specific requirements while ensuring adherence to audit standards.

“By Offering, the services segment will record a higher CAGR during the forecast period. ”
Cloud ITSM market, the services segment is estimated to achieve the most substantial Compound Annual Growth Rate (CAGR) during the forecast period. This projection underscores the critical role of related services, particularly professional and managed services, in facilitating effective ITSM implementation. Professional services encompass a spectrum of offerings, from education and training to consulting and support, essential for the seamless execution of ITSM solutions. Conversely, managed services deliver tailored software solutions to meet specific user needs, guiding them through every stage of software utilization. Given factors like limited technical know-how and a focus on core business functions, ITSM services are indispensable for fostering widespread adoption among enterprises.

クラウドITSM市場 - 2024年までの世界予測 ecosystem

“By Deployment mode, Public Cloud will hold the largest market share during the forecast period.”
Public cloud deployment involves accessing IT service management solutions and resources provided by third-party vendors over the Internet. This model offers scalability, flexibility, and cost-effectiveness as organizations can pay only for their services without needing upfront infrastructure investments. Public cloud providers manage and maintain the underlying infrastructure, allowing businesses to focus on their core activities rather than IT management tasks. However, it may raise concerns regarding data security, compliance, and potential vendor lock-in. Since multiple tenants share the same infrastructure, limited customization options and performance variations might be based on resource allocation. Despite these challenges, public cloud deployment remains popular due to its rapid provisioning, global accessibility, and ability to support diverse workloads, making it an attractive option for organizations seeking agility and innovation in their ITSM strategies.

“By Vertical, the IT & ITeS Industry is projected to record the highest CAGR during the forecast period.”
During the forecast period, the IT & ITeS industry is set to experience the highest growth rate in the Cloud ITSM market. This surge is fueled by the sector’s growing need for sophisticated ITSM solutions to optimize operations, enhance service quality, and ensure compliance. As these companies expand and innovate, their need for effective ITSM frameworks to manage intricate IT systems becomes more critical. These solutions are vital to boosting efficiency, minimizing downtime, and improving resource management, all of which are essential for maintaining a competitive edge and achieving operational excellence in the dynamic IT sector.

クラウドITSM市場 - 2024年までの世界予測 region

The breakup of the profiles of the primary participants is below:

  •  By Company Type: Tier I: 29%, Tier II: 45%, and Tier III: 26%
  •  By Designation: C-Level Executives: 30%, Director Level: 25%, and *Others: 45%
  •  By Region: North America: 40%, Europe: 30%, Asia Pacific: 25%, **RoW: 5%

* Others include sales managers, marketing managers, and product managers
**RoW include Middle East & Africa and Latin America
Note: Tier 1 companies have revenues of more than USD 100 million; tier 2 companies’ revenue ranges from USD 10 million to USD 100 million; and tier 3 companies’ revenue is less than 10 million
Source: Secondary Literature, Expert Interviews, and MarketsandMarkets Analysis

Key Players
Some of the key players operating in the Cloud ITSM market are ServiceNow (US), BMC Software (US), Broadcom (US), ManageEngine (US), Ivanti (US), Zendesk (US), Freshworks (US), SolarWinds (US), Atlassian (Australia), OpenText (US), among others.

Research coverage:
The market analysis in all its areas covers the Cloud ITSM market. Its goal is to project market size and development potential in several segments, including Offerings, Deployment Mode, organization size, verticals, and regions. It comprises a thorough competition analysis of the major market players, company biographies, important insights regarding their offers in terms of goods and services, current advancements, and crucial market strategies.

Reasons to buy this report:
The study will include information on the closest approximations of revenue figures for the Cloud ITSM market and its subsegments, which will assist market leaders and new entrants. Stakeholders will receive additional insights and a better understanding of the competitive landscape, enabling them to position their companies better and develop go-to-market (GTM) strategies. Additionally, the research offers information on major market drivers, constraints, opportunities, and challenges to help stakeholders understand the state of the industry.

The report provides insights on the following pointers:
• Analysis of key drivers (Cloud ITSM enables organizations to scale their IT services based on demand, ensuring resources are efficiently allocated; Organizations can reduce the need for on-premises infrastructure with Cloud ITSM, leading to lower capital and operational costs; Cloud ITSM provides users access to IT services from anywhere, providing greater flexibility for the remote workforce; Cloud ITSM solutions agility helps businesses quickly adapt to changing business requirements and technological advancements), restraints (Concerns on adoption of Cloud ITSM solutions owing to data security and privacy breaches; Regulatory standards and industry-specific rules can hinder the adoption of cloud ITSM solutions in sectors needing strict data protection), opportunities (Potential for Cloud ITSM providers to (further) integrate their solutions with other cloud-based services; Leveraging AI and automation technologies within Cloud ITSM opens avenues for innovation and growth; Rapid adoption of Cloud ITSM solutions across sectors by delivering industry-specific tailored Cloud ITSM solutions based on demand), and challenges (Data security and privacy breach concerns; Challenges due to downtime and service interruptions) influencing the proliferation of the Cloud ITSM market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development (R&D) activities, and new product & service launches in the Cloud ITSM market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the Cloud ITSM market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the Cloud ITSM market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players such as ServiceNow, BMC Software, Broadcom, and ManageEngine in the Cloud ITSM market.

Table of Contents

1            INTRODUCTION            32

1.1         STUDY OBJECTIVES      32

1.2         MARKET DEFINITION   32

1.2.1      INCLUSIONS AND EXCLUSIONS 33

1.3         MARKET SCOPE             33

1.3.1      MARKET SEGMENTATION         34

FIGURE 1           CLOUD ITSM MARKET SEGMENTATION             34

1.3.2      REGIONS COVERED      34

FIGURE 2           CLOUD ITSM MARKET: REGIONAL SEGMENTATION     34

1.3.3      YEARS CONSIDERED     35

FIGURE 3           STUDY PERIOD CONSIDERED   35

1.4         CURRENCY CONSIDERED          35

TABLE 1             USD EXCHANGE RATES, 2018–2023         36

1.5         STAKEHOLDERS            36

1.6         SUMMARY OF CHANGES            36

1.6.1      RECESSION IMPACT      37

2            RESEARCH METHODOLOGY     38

2.1         RESEARCH APPROACH 38

FIGURE 4           CLOUD ITSM MARKET: RESEARCH DESIGN       39

2.1.1      SECONDARY DATA       40

2.1.2      PRIMARY DATA 40

2.1.2.1   Breakup of primary profiles             41

FIGURE 5           BREAKUP OF PRIMARY INTERVIEWS, BY COMPANY TYPE, DESIGNATION, AND REGION    41

2.1.2.2   Key industry insights          41

FIGURE 6           INSIGHTS FROM INDUSTRY EXPERTS   41

2.2         DATA TRIANGULATION             42

FIGURE 7           DATA TRIANGULATION             42

2.3         MARKET SIZE ESTIMATION       43

FIGURE 8           CLOUD ITSM MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES   43

FIGURE 9           MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS          45

FIGURE 10         BOTTOM-UP APPROACH (SUPPLY SIDE): COLLECTIVE REVENUE OF ITSM VENDORS    45

FIGURE 11         SUPPLY SIDE: ILLUSTRATION OF VENDOR REVENUE ESTIMATION    46

FIGURE 12         DEMAND SIDE: REVENUE GENERATED VERTICALS       46

FIGURE 13         APPROACH 2 (DEMAND SIDE): ITSM MARKET   47

2.4         MARKET FORECAST      47

TABLE 2             FACTOR ANALYSIS        47

2.5         RESEARCH ASSUMPTIONS         48

2.6         IMPACT OF RECESSION ON GLOBAL CLOUD ITSM MARKET      50

TABLE 3             RECESSION IMPACT      50

2.7         STUDY LIMITATIONS    51

3            EXECUTIVE SUMMARY 52

FIGURE 14         CLOUD ITSM MARKET SNAPSHOT, 2021–2029 (USD BILLION)              53

FIGURE 15         TOP MARKET SEGMENTS IN TERMS OF GROWTH RATE              54

FIGURE 16         NORTH AMERICA TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD       55

4            PREMIUM INSIGHTS      56

4.1         ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN CLOUD ITSM MARKET  56

FIGURE 17         RISE IN DEMAND FOR CONTENT MANAGEMENT ACROSS VERTICALS AND INCREASING DIGITIZATION TO DRIVE CLOUD ITSM MARKET GROWTH          56

4.2         CLOUD ITSM MARKET, BY OFFERING   56

FIGURE 18         CLOUD ITSM SOLUTIONS TO ACCOUNT FOR LARGEST SHARE IN 2024 56

4.3         CLOUD ITSM MARKET, BY SOLUTION   57

FIGURE 19         OPERATIONS & PERFORMANCE MANAGEMENT TO ACCOUNT FOR LARGEST SHARE IN 2024    57

4.4         CLOUD ITSM MARKET, BY SERVICE       57

FIGURE 20         PROFESSIONAL SERVICES TO ACCOUNT FOR LARGER SHARE IN 2024 AND 2029           57

4.5         CLOUD ITSM MARKET, BY DEPLOYMENT MODE            58

FIGURE 21         DEPLOYMENT & INTEGRATION TO ACCOUNT FOR LARGEST SHARE IN 2024  58

4.6         CLOUD ITSM MARKET, BY BUSINESS FUNCTION            58

FIGURE 22         HUMAN RESOURCES TO ACCOUNT FOR LARGEST SHARE IN 2024      58

4.7         CLOUD ITSM MARKET, BY ORGANIZATION SIZE            59

FIGURE 23         LARGE ENTERPRISES SEGMENT TO ACCOUNT FOR LARGEST SHARE IN 2024  59

4.8         CLOUD ITSM MARKET, BY VERTICAL    59

FIGURE 24         BFSI TO ACCOUNT TO BE LARGEST VERTICAL IN 2024 AND 2029      59

4.9         CLOUD ITSM MARKET, BY REGION        60

FIGURE 25         ASIA PACIFIC TO EMERGE AS BEST MARKET FOR INVESTMENTS IN NEXT FIVE YEARS      60

5            MARKET OVERVIEW AND INDUSTRY TRENDS   61

5.1         INTRODUCTION            61

5.2         MARKET DYNAMICS     61

FIGURE 26         CLOUD ITSM MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES    61

5.2.1      DRIVERS            62

5.2.1.1   Scalability of IT services based on demand, ensuring resources are efficiently allocated 62

5.2.1.2   Reduced need for on-premise infrastructure leading to lower capital and operational costs  62

FIGURE 27         FACTORS CONSIDERED BY ENTERPRISES WHILE SELECTING CLOUD IT SERVICE MANAGEMENT/ENTERPRISE SERVICE MANAGEMENT SOLUTION, 2021             62

5.2.1.3   Access to IT services providing greater flexibility for remote workforce    63

5.2.1.4   Agility to quickly adapt to changing business requirements and technological advancements      63

FIGURE 28         DEPARTMENTS IN ORGANIZATIONS USING SERVICE DESK SOFTWARE/MODEL TO MANAGE WORKFLOWS, 2021    63

5.2.2      RESTRAINTS     64

5.2.2.1   Regulatory standards and industry-specific rules in sectors needing strict data protection            64

5.2.3      OPPORTUNITIES           64

5.2.3.1   Potential to further integrate their solutions with other cloud-based services              64

5.2.3.2   Leveraging AI and automation technologies to open avenues for innovation and growth   64

5.2.3.3   Rapid adoption across sectors by delivering industry-specific tailored solutions based on demand 65

5.2.4      CHALLENGES   65

5.2.4.1   Data security and privacy breach concerns     65

5.2.4.2   Challenges due to downtime and service interruptions 65

5.3         CASE STUDY ANALYSIS 66

5.3.1      ALGAR TECH IMPROVED ITS IT SERVICE MANAGEMENT USING BROADCOM SOLUTIONS           66

5.3.2      GRUPO MOURA USED BMC HELIX TO DRIVE OPTIMAL USER EXPERIENCES   67

5.3.3      DEUTSCHE TELEKOM MET DEMAND FOR IT EFFICIENCY WITH SERVICENOW ITSM       68

5.3.4      OPENTEXT’S SMAX SAAS CREATED ROBUST & SCALABLE ITSM SOLUTION, IMPROVING USER EFFICIENCY FOR ZURICH AIRPORT         68

5.3.5      FRESHWORKS’S STREAMLINED, CLOUD-BASED SUPPORT PLATFORM TRANSFORMED USERS’ RELATIONSHIP TO IT FOR ELSEVIER    69

5.4         ECOSYSTEM ANALYSIS 70

FIGURE 29         CLOUD ITSM MARKET: ECOSYSTEM ANALYSIS 70

5.5         SUPPLY CHAIN ANALYSIS          71

FIGURE 30         SUPPLY CHAIN ANALYSIS          72

5.6         TECHNOLOGY ANALYSIS           72

5.6.1      KEY TECHNOLOGIES    72

5.6.1.1   Self-service portals            72

5.6.1.2   Microservices      73

5.6.1.3   API integrations  73

5.6.2      COMPLEMENTARY TECHNOLOGIES     73

5.6.2.1   ChatOps 73

5.6.2.2   Artificial Intelligence         73

5.6.2.3   Machine Language            74

5.6.3      ADJACENT TECHNOLOGIES      74

5.6.3.1   Augmented reality (AR) & virtual reality (VR)             74

5.6.3.2   5G technology     74

5.7         PRICING ANALYSIS        75

5.7.1      INDICATIVE PRICING ANALYSIS OF ITSM SOLUTIONS   76

TABLE 4             INDICATIVE PRICING ANALYSIS OF ITSM SOLUTIONS OFFERED BY KEY PLAYERS        76

5.7.2      AVERAGE SELLING PRICE TREND          76

5.8         BUSINESS MODELS       77

5.8.1      PRICING MODELS         77

5.8.1.1   Subscription-based model  77

5.8.1.2   Freemium model 77

5.8.1.3   Pay-per-use model            78

5.8.1.4   Value-based pricing           78

5.8.2      CONSULTING & IMPLEMENTATION SERVICES  78

5.8.3      PARTNERSHIPS & ECOSYSTEMS             78

5.8.4      CUSTOMER RETENTION & UPSELLING 79

5.9         INVESTMENT LANDSCAPE AND FUNDING SCENARIO   79

FIGURE 31         LEADING MAJOR CLOUD ITSM MARKET VENDORS, BY NUMBER OF INVESTORS AND FUNDING ROUNDS, 2023 79

5.10       PATENT ANALYSIS        80

FIGURE 32         NUMBER OF PATENTS PUBLISHED, 2012–2023   80

FIGURE 33         TOP FIVE (GLOBAL) PATENT OWNERS, 2023     80

TABLE 5             TOP TEN PATENT OWNERS, 2023           81

TABLE 6             PATENTS GRANTED TO VENDORS IN ITSM MARKET     81

5.11       PORTER’S FIVE FORCES ANALYSIS         84

FIGURE 34         PORTER’S FIVE FORCES ANALYSIS         84

TABLE 7             IMPACT OF PORTER’S FIVE FORCES ON CLOUD ITSM MARKET              84

5.11.1    THREAT OF NEW ENTRANTS    85

5.11.2    THREAT OF SUBSTITUTES         85

5.11.3    BARGAINING POWER OF SUPPLIERS     85

5.11.4    BARGAINING POWER OF BUYERS           85

5.11.5    INTENSITY OF COMPETITIVE RIVALRY 85

5.12       REGULATORY IMPLICATIONS AND INDUSTRY STANDARDS      86

5.12.1    INDUSTRY STANDARDS             86

5.12.1.1 ISO/IEC 20000   86

5.12.1.2 ISO/IEC 27001   86

5.12.1.3 NIST SP 800-53  86

5.12.1.4 COBIT  86

5.12.1.5 GDPR   86

5.12.1.6 SOC      87

5.12.1.7 FedRAMP           87

5.12.2    REGULATORY LANDSCAPE       87

TABLE 8             NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         87

TABLE 9             EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 88

TABLE 10           ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         89

TABLE 11           ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          90

5.13       KEY CONFERENCES & EVENTS  92

TABLE 12           CLOUD ITSM: KEY CONFERENCES & EVENTS, 2024–2025 92

5.14       TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES              93

FIGURE 35         REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN CLOUD ITSM MARKET           93

5.15       KEY STAKEHOLDERS AND BUYING CRITERIA    94

5.15.1    KEY STAKEHOLDERS IN BUYING PROCESS         94

FIGURE 36         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP VERTICALS            94

TABLE 13           INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP VERTICALS            94

5.15.2    BUYING CRITERIA         95

FIGURE 37         KEY BUYING CRITERIA FOR TOP VERTICALS     95

TABLE 14           KEY BUYING CRITERIA FOR TOP VERTICALS     95

5.16       ITSM FRAMEWORKS      96

5.16.1    INFORMATION TECHNOLOGY INFRASTRUCTURE LIBRARY (ITIL)              96

5.16.2    DEVOPS             96

5.16.3    AGILE  96

5.16.4    LEAN IT             96

5.16.5    SCALED AGILE FRAMEWORK (SAFE)     96

5.16.6    SERVICE INTEGRATION AND MANAGEMENT (SIAM)     96

6            CLOUD ITSM MARKET, BY OFFERING   97

6.1         INTRODUCTION            98

6.1.1      ITSM PROCESSES           98

6.1.1.1   Service strategy    98

6.1.1.2   Service design      98

6.1.1.3   Service transition 99

6.1.1.4   Service operation 99

6.1.1.5   Continual Service Improvement (CSI)           100

FIGURE 38         CLOUD ITSM SOLUTIONS TO ACCOUNT FOR LARGER MARKET IN 2024             100

6.1.2      OFFERING: CLOUD ITSM MARKET DRIVERS      100

TABLE 15           CLOUD ITSM MARKET, BY OFFERING, 2019–2023 (USD MILLION)          101

TABLE 16           CLOUD ITSM MARKET, BY OFFERING, 2024–2029 (USD MILLION)          101

6.2         SOLUTIONS      101

6.2.1      CLOUD ITSM SOLUTIONS AID IN COST REDUCTION, TIME-SAVING, AND PROCESS AGILITY 101

FIGURE 39         OPERATIONS & PERFORMANCE MANAGEMENT TO ACCOUNT FOR LARGEST MARKET IN 2024 102

TABLE 17           CLOUD ITSM MARKET, BY SOLUTION, 2019–2023 (USD MILLION)          102

TABLE 18           CLOUD ITSM MARKET, BY SOLUTION, 2024–2029 (USD MILLION)          102

TABLE 19           CLOUD ITSM SOLUTIONS MARKET, BY REGION, 2019–2023 (USD MILLION) 103

TABLE 20           CLOUD ITSM SOLUTIONS MARKET, BY REGION, 2024–2029 (USD MILLION) 103

6.2.2      SERVICE PORTFOLIO MANAGEMENT   103

TABLE 21           SERVICE PORTFOLIO MANAGEMENT MARKET, BY REGION, 2019–2023 (USD MILLION)          104

TABLE 22           SERVICE PORTFOLIO MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION)          104

6.2.2.1   Service catalog management            104

6.2.2.2   Service pipeline management           104

6.2.2.3   Demand management        105

6.2.2.4   Service level management  105

6.2.2.5   Other service portfolio management solutions             105

6.2.3      CONFIGURATION & CHANGE MANAGEMENT   105

TABLE 23           CONFIGURATION & CHANGE MANAGEMENT MARKET, BY REGION, 2019–2023 (USD MILLION)       106

TABLE 24           CONFIGURATION & CHANGE MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION)       106

6.2.3.1   Configuration management database             106

6.2.3.2   Change control    107

6.2.3.3   Version control    107

6.2.3.4   Asset management             107

6.2.3.5   Other configuration & change management solutions  107

6.2.4      SERVICE DESK SOFTWARE         108

TABLE 25           SERVICE DESK SOFTWARE MARKET, BY REGION, 2019–2023 (USD MILLION) 108

TABLE 26           SERVICE DESK SOFTWARE MARKET, BY REGION, 2024–2029 (USD MILLION) 108

6.2.4.1   Incident management        108

6.2.4.2   Problem management        109

6.2.4.3   Service request management            109

6.2.4.4   Knowledge base   109

6.2.4.5   Other service desk software solutions             109

6.2.5      OPERATIONS & PERFORMANCE MANAGEMENT             110

TABLE 27           OPERATIONS & PERFORMANCE MANAGEMENT MARKET, BY REGION, 2019–2023 (USD MILLION)       110

TABLE 28           OPERATIONS & PERFORMANCE MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION)       110

6.2.5.1   Performance monitoring    111

6.2.5.2   Capacity management       111

6.2.5.3   Event management            111

6.2.5.4   IT operations automation  111

6.2.5.5   Other operations & performance management solutions            111

6.2.6      DASHBOARD, REPORTING, AND ANALYTICS     112

TABLE 29           DASHBOARD, REPORTING, AND ANALYTICS SOLUTIONS MARKET, BY REGION, 2019–2023 (USD MILLION)            112

TABLE 30           DASHBOARD, REPORTING, AND ANALYTICS SOLUTIONS MARKET, BY REGION, 2024–2029 (USD MILLION)            112

6.2.6.1   Dashboard creation           113

6.2.6.2   Reporting tools    113

6.2.6.3   Analytics              113

6.2.6.4   SLA reporting      113

6.2.6.5   Other dashboard, reporting, and analytics solutions     113

6.3         SERVICES          114

6.3.1      MANAGED AND PROFESSIONAL SERVICES HELP LEVERAGE ITSM ADOPTION AMONG ENTERPRISES        114

FIGURE 40         PROFESSIONAL CLOUD ITSM SERVICES TO LEAD MARKET IN 2024      114

TABLE 31           CLOUD ITSM MARKET, BY SERVICE, 2019–2023 (USD MILLION)              114

TABLE 32           CLOUD ITSM MARKET, BY SERVICE, 2024–2029 (USD MILLION)              115

TABLE 33           CLOUD ITSM SERVICES MARKET, BY REGION, 2019–2023 (USD MILLION)          115

TABLE 34           CLOUD ITSM SERVICES MARKET, BY REGION, 2024–2029 (USD MILLION)          115

6.3.2      MANAGED SERVICES    115

TABLE 35           CLOUD ITSM MANAGED SERVICES MARKET, BY REGION, 2019–2023 (USD MILLION)     116

TABLE 36           CLOUD ITSM MANAGED SERVICES MARKET, BY REGION, 2024–2029 (USD MILLION)     116

6.3.3      PROFESSIONAL SERVICES          116

TABLE 37           CLOUD ITSM PROFESSIONAL SERVICES MARKET, BY REGION, 2019–2023 (USD MILLION)          117

TABLE 38           CLOUD ITSM PROFESSIONAL SERVICES MARKET, BY REGION, 2024–2029 (USD MILLION)          117

6.3.3.1   Consulting           117

6.3.3.2   Integration & implementation          117

6.3.3.3   Training, support, and maintenance 118

7            CLOUD ITSM MARKET, BY ORGANIZATION SIZE            119

7.1         INTRODUCTION            120

FIGURE 41         LARGE ENTERPRISES TO ACCOUNT FOR LARGER MARKET IN 2024      120

7.1.1      ORGANIZATION SIZE: CLOUD ITSM MARKET DRIVERS 120

TABLE 39           CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION) 121

TABLE 40           CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION) 121

7.2         LARGE ENTERPRISES    121

7.2.1      NEED FOR MANAGEMENT AND OPERATIONAL IMPROVEMENT TO LEAD TO LARGE-SCALE ADOPTION OF ITSM SERVICES 121

TABLE 41           CLOUD ITSM MARKET FOR LARGE ENTERPRISES, BY REGION, 2019–2023 (USD MILLION)          122

TABLE 42           CLOUD ITSM MARKET FOR LARGE ENTERPRISES, BY REGION, 2024–2029 (USD MILLION)          122

7.3         SMES    122

7.3.1      SMES GAIN COMPETITIVE ADVANTAGE WITH CLOUD ITSM ADOPTION, PRACTICE, AND IMPLEMENTATION            122

TABLE 43           CLOUD ITSM MARKET FOR SMES, BY REGION, 2019–2023 (USD MILLION)          123

TABLE 44           CLOUD ITSM MARKET FOR SMES, BY REGION, 2024–2029 (USD MILLION)          123

8            CLOUD ITSM MARKET, BY DEPLOYMENT MODE            124

8.1         INTRODUCTION            125

FIGURE 42         PUBLIC CLOUD DEPLOYMENT TO ACCOUNT FOR LARGER MARKET IN 2024             125

8.1.1      DEPLOYMENT MODE: CLOUD ITSM MARKET DRIVERS 125

TABLE 45           CLOUD ITSM MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION) 126

TABLE 46           CLOUD ITSM MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION) 126

8.2         PUBLIC CLOUD 126

8.2.1      SCALABLE AND COST-EFFECTIVE IT SERVICE MANAGEMENT WITH RAPID DEPLOYMENT AND ACCESSIBILITY FROM ANYWHERE   126

TABLE 47           PUBLIC CLOUD ITSM MARKET, BY REGION, 2019–2023 (USD MILLION)          127

TABLE 48           PUBLIC CLOUD ITSM MARKET, BY REGION, 2024–2029 (USD MILLION)          127

8.3         PRIVATE CLOUD           127

8.3.1      ENHANCED SECURITY, COMPLIANCE, AND CUSTOMIZATION OPTIONS TAILORED TO SPECIFIC ORGANIZATIONAL NEEDS AND REGULATORY REQUIREMENTS 127

TABLE 49           PRIVATE CLOUD ITSM MARKET, BY REGION, 2019–2023 (USD MILLION)          128

TABLE 50           PRIVATE CLOUD ITSM MARKET, BY REGION, 2024–2029 (USD MILLION)          128

8.4         HYBRID CLOUD             128

8.4.1      FLEXIBILITY OF CLOUD SCALABILITY WITH SECURITY AND CUSTOMIZATION FOR OPTIMIZED SOLUTIONS ACROSS DIVERSE WORKLOADS AND ENVIRONMENTS      128

TABLE 51           HYBRID CLOUD ITSM MARKET, BY REGION, 2019–2023 (USD MILLION)          129

TABLE 52           HYBRID CLOUD ITSM MARKET, BY REGION, 2024–2029 (USD MILLION)          129

9            CLOUD ITSM MARKET, BY VERTICAL    130

9.1         INTRODUCTION            131

FIGURE 43         IT & ITES VERTICAL TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD       131

9.1.1      VERTICAL: CLOUD ITSM MARKET DRIVERS       131

TABLE 53           CLOUD ITSM MARKET, BY VERTICAL, 2019–2023 (USD MILLION)          132

TABLE 54           CLOUD ITSM MARKET, BY VERTICAL, 2024–2029 (USD MILLION)          133

9.2         BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI)           133

TABLE 55           BFSI: CLOUD ITSM MARKET, BY REGION, 2019–2023 (USD MILLION)          134

TABLE 56           BFSI: CLOUD ITSM MARKET, BY REGION, 2024–2029 (USD MILLION)          134

9.2.1      BFSI: APPLICATION AREAS        134

9.2.1.1   Transaction processing      134

9.2.1.2   Security management        134

9.2.1.3   Compliance management  135

9.2.1.4   Other BFSI applications    135

9.3         TELECOMMUNICATIONS          135

TABLE 57           CLOUD ITSM MARKET IN TELECOMMUNICATIONS, BY REGION, 2019–2023 (USD MILLION)       135

TABLE 58           CLOUD ITSM MARKET IN TELECOMMUNICATIONS, BY REGION, 2024–2029 (USD MILLION)       136

9.3.1      TELECOMMUNICATIONS: APPLICATION AREAS             136

9.3.1.1   Network management        136

9.3.1.2   Service provisioning           136

9.3.1.3   Incident management        136

9.3.1.4   Other telecommunication applications          136

9.4         IT & ITES            137

TABLE 59           CLOUD ITSM MARKET IN IT & ITES, BY REGION, 2019–2023 (USD MILLION) 137

TABLE 60           CLOUD ITSM MARKET IN IT & ITES, BY REGION, 2024–2029 (USD MILLION) 137

9.4.1      IT & ITES: APPLICATION AREAS 138

9.4.1.1   Service desk support          138

9.4.1.2   Change management         138

9.4.1.3   Application development & maintenance       138

9.4.1.4   Other IT & ITeS applications          138

9.5         GOVERNMENT & PUBLIC SECTOR         138

TABLE 61           CLOUD ITSM MARKET IN GOVERNMENT & PUBLIC SECTOR, BY REGION, 2019–2023 (USD MILLION)  139

TABLE 62           CLOUD ITSM MARKET IN GOVERNMENT & PUBLIC SECTOR, BY REGION, 2024–2029 (USD MILLION)  139

9.5.1      GOVERNMENT & PUBLIC SECTOR: APPLICATION AREAS           139

9.5.1.1   eGovernment services       139

9.5.1.2   IT infrastructure management         139

9.5.1.3   Security & compliance       140

9.5.1.4   Other government & public sector applications            140

9.6         RETAIL & CONSUMER GOODS  140

TABLE 63           CLOUD ITSM MARKET IN RETAIL & CONSUMER GOODS, BY REGION, 2019–2023 (USD MILLION)       141

TABLE 64           CLOUD ITSM MARKET IN RETAIL & CONSUMER GOODS, BY REGION, 2024–2029 (USD MILLION)       141

9.6.1      RETAIL & CONSUMER GOODS: APPLICATION AREAS     141

9.6.1.1   eCommerce platform management  141

9.6.1.2   Inventory management systems       141

9.6.1.3   Customer support 142

9.6.1.4   Other retail & consumer goods applications   142

9.7         MANUFACTURING        142

TABLE 65           CLOUD ITSM MARKET IN MANUFACTURING, BY REGION, 2019–2023 (USD MILLION)          142

TABLE 66           CLOUD ITSM MARKET IN MANUFACTURING, BY REGION, 2024–2029 (USD MILLION)          143

9.7.1      MANUFACTURING: APPLICATION AREAS           143

9.7.1.1   Manufacturing Execution Systems (MESs)    143

9.7.1.2   Supply chain management 143

9.7.1.3   Quality control systems      143

9.7.1.4   Other manufacturing applications    143

9.8         ENERGY & UTILITIES    144

TABLE 67           CLOUD ITSM MARKET IN ENERGY & UTILITIES, BY REGION, 2019–2023 (USD MILLION)          144

TABLE 68           CLOUD ITSM MARKET IN ENERGY & UTILITIES, BY REGION, 2024–2029 (USD MILLION)          144

9.8.1      ENERGY & UTILITIES: APPLICATION AREAS      145

9.8.1.1   Smart grid management     145

9.8.1.2   SCADA systems   145

9.8.1.3   Asset management             145

9.8.1.4   Other energy & utilities applications 145

9.9         MEDIA & ENTERTAINMENT      146

TABLE 69           CLOUD ITSM MARKET IN MEDIA & ENTERTAINMENT, BY REGION, 2019–2023 (USD MILLION)       146

TABLE 70           CLOUD ITSM MARKET IN MEDIA & ENTERTAINMENT, BY REGION, 2024–2029 (USD MILLION)       146

9.9.1      MEDIA & ENTERTAINMENT: APPLICATION AREAS         147

9.9.1.1   Content Management Systems (CMSs)         147

9.9.1.2   Digital Rights Management (DRM) 147

9.9.1.3   Broadcasting systems         147

9.9.1.4   Other media & entertainment applications    147

9.10       HEALTHCARE & LIFE SCIENCES 148

TABLE 71           CLOUD ITSM MARKET IN HEALTHCARE & LIFE SCIENCES, BY REGION, 2019–2023 (USD MILLION)       148

TABLE 72           CLOUD ITSM MARKET IN HEALTHCARE & LIFE SCIENCES, BY REGION, 2024–2029 (USD MILLION)       148

9.10.1    HEALTHCARE: APPLICATION AREAS     149

9.10.1.1 Electronic Health Records (EHRs)  149

9.10.1.2 Healthcare ITSM Integration           149

9.10.1.3 Patient care applications    149

9.10.1.4 Other healthcare & life sciences applications 149

9.11       EDUCATION     150

TABLE 73           CLOUD ITSM MARKET IN EDUCATION, BY REGION, 2019–2023 (USD MILLION) 150

TABLE 74           CLOUD ITSM MARKET IN EDUCATION, BY REGION, 2024–2029 (USD MILLION) 150

9.11.1    EDUCATION: APPLICATION AREAS       150

9.11.1.1 Learning Management System (LMS)           150

9.11.1.2 Student Information System (SIS)   151

9.11.1.3 Campus IT infrastructure  151

9.11.1.4 Other education applications           151

9.12       OTHER VERTICALS       151

TABLE 75           CLOUD ITSM MARKET IN OTHER VERTICALS, BY REGION, 2019–2023 (USD MILLION)          152

TABLE 76           CLOUD ITSM MARKET IN OTHER VERTICALS, BY REGION, 2024–2029 (USD MILLION)          152

10          ITSM MARKET, BY REGION        153

10.1       INTRODUCTION            154

FIGURE 44         ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD       154

TABLE 77           CLOUD ITSM MARKET, BY REGION, 2019–2023 (USD MILLION)              155

TABLE 78           CLOUD ITSM MARKET, BY REGION, 2024–2029 (USD MILLION)              155

10.2       NORTH AMERICA          155

10.2.1    NORTH AMERICA: CLOUD ITSM MARKET DRIVERS        156

10.2.2    NORTH AMERICA: RECESSION IMPACT 156

FIGURE 45         NORTH AMERICA: MARKET SNAPSHOT 158

TABLE 79           NORTH AMERICA: CLOUD ITSM MARKET, BY OFFERING, 2019–2023 (USD MILLION)     158

TABLE 80           NORTH AMERICA: CLOUD ITSM MARKET, BY OFFERING, 2024–2029 (USD MILLION)     159

TABLE 81           NORTH AMERICA: CLOUD ITSM MARKET, BY SOLUTION, 2019–2023 (USD MILLION)     159

TABLE 82           NORTH AMERICA: CLOUD ITSM MARKET, BY SOLUTION, 2024–2029 (USD MILLION)     159

TABLE 83           NORTH AMERICA: CLOUD ITSM MARKET, BY SERVICE, 2019–2023 (USD MILLION)     159

TABLE 84           NORTH AMERICA: CLOUD ITSM MARKET, BY SERVICE, 2024–2029 (USD MILLION)     160

TABLE 85           NORTH AMERICA: CLOUD ITSM MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)          160

TABLE 86           NORTH AMERICA: CLOUD ITSM MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)          160

TABLE 87           NORTH AMERICA: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION) 160

TABLE 88           NORTH AMERICA: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION) 161

TABLE 89           NORTH AMERICA: CLOUD ITSM MARKET, BY VERTICAL, 2019–2023 (USD MILLION)     161

TABLE 90           NORTH AMERICA: CLOUD ITSM MARKET, BY VERTICAL, 2024–2029 (USD MILLION)     162

TABLE 91           NORTH AMERICA: CLOUD ITSM MARKET, BY COUNTRY, 2019–2023 (USD MILLION)     162

TABLE 92           NORTH AMERICA: CLOUD ITSM MARKET, BY COUNTRY, 2024–2029 (USD MILLION)     162

10.2.3    US         163

10.2.3.1 FedRAMP initiative for regulating cloud services         163

TABLE 93           US: CLOUD ITSM MARKET, BY OFFERING, 2019–2023 (USD MILLION)          163

TABLE 94           US: CLOUD ITSM MARKET, BY OFFERING, 2024–2029 (USD MILLION)          163

TABLE 95           US: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION) 163

TABLE 96           US: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION) 164

10.2.4    CANADA            164

10.2.4.1 Big data integration and government digital services thrive in Canada     164

TABLE 97           CANADA: CLOUD ITSM MARKET, BY OFFERING, 2019–2023 (USD MILLION) 164

TABLE 98           CANADA: CLOUD ITSM MARKET, BY OFFERING, 2024–2029 (USD MILLION) 164

TABLE 99           CANADA: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)          165

TABLE 100         CANADA: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)          165

10.3       EUROPE             165

10.3.1    EUROPE: CLOUD ITSM MARKET DRIVERS          165

10.3.2    EUROPE: RECESSION IMPACT   166

TABLE 101         EUROPE: CLOUD ITSM MARKET, BY OFFERING, 2019–2023 (USD MILLION)          166

TABLE 102         EUROPE: CLOUD ITSM MARKET, BY OFFERING, 2024–2029 (USD MILLION)          167

TABLE 103         EUROPE: CLOUD ITSM MARKET, BY SOLUTION, 2019–2023 (USD MILLION) 167

TABLE 104         EUROPE: CLOUD ITSM MARKET, BY SOLUTION, 2024–2029 (USD MILLION) 167

TABLE 105         EUROPE: CLOUD ITSM MARKET, BY SERVICE, 2019–2023 (USD MILLION)          167

TABLE 106         EUROPE: CLOUD ITSM MARKET, BY SERVICE, 2024–2029 (USD MILLION)          168

TABLE 107         EUROPE: CLOUD ITSM MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)          168

TABLE 108         EUROPE: CLOUD ITSM MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)          168

TABLE 109         EUROPE: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)          168

TABLE 110         EUROPE: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)          169

TABLE 111         EUROPE: CLOUD ITSM MARKET, BY VERTICAL, 2019–2023 (USD MILLION)          169

TABLE 112         EUROPE: CLOUD ITSM MARKET, BY VERTICAL, 2024–2029 (USD MILLION)          170

TABLE 113         EUROPE: CLOUD ITSM MARKET, BY COUNTRY, 2019–2023 (USD MILLION)          170

TABLE 114         EUROPE: CLOUD ITSM MARKET, BY COUNTRY, 2024–2029 (USD MILLION)          170

10.3.3    UK         171

10.3.3.1 Initiatives by UK government and European Parliament targeting substantial enhancements to servers and data storage products      171

TABLE 115         UK: CLOUD ITSM MARKET, BY OFFERING, 2019–2023 (USD MILLION)          171

TABLE 116         UK: CLOUD ITSM MARKET, BY OFFERING, 2024–2029 (USD MILLION)          171

TABLE 117         UK: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION) 172

TABLE 118         UK: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION) 172

10.3.4    GERMANY         172

10.3.4.1 Evolution of Industry 4.0, significant investments in industrial technology, and rise of smart urban centers       172

TABLE 119         GERMANY: CLOUD ITSM MARKET, BY OFFERING, 2019–2023 (USD MILLION) 173

TABLE 120         GERMANY: CLOUD ITSM MARKET, BY OFFERING, 2024–2029 (USD MILLION) 173

TABLE 121         GERMANY: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)          173

TABLE 122         GERMANY: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)          173

10.3.5    FRANCE             174

10.3.5.1 Digital France Plan for 2025 for companies to grow     174

TABLE 123         FRANCE: CLOUD ITSM MARKET, BY OFFERING, 2019–2023 (USD MILLION)          174

TABLE 124         FRANCE: CLOUD ITSM MARKET, BY OFFERING, 2024–2029 (USD MILLION)          174

TABLE 125         FRANCE: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)          175

TABLE 126         FRANCE: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)          175

10.3.6    ITALY   175

10.3.6.1 Smart city initiatives and 5G deployment for edge computing solutions in Italy              175

TABLE 127         ITALY: CLOUD ITSM MARKET, BY OFFERING, 2019–2023 (USD MILLION)          176

TABLE 128         ITALY: CLOUD ITSM MARKET, BY OFFERING, 2024–2029 (USD MILLION)          176

TABLE 129         ITALY: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)     176

TABLE 130         ITALY: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)     176

10.3.7    REST OF EUROPE           177

TABLE 131         REST OF EUROPE: CLOUD ITSM MARKET, BY OFFERING, 2019–2023 (USD MILLION)     177

TABLE 132         REST OF EUROPE: CLOUD ITSM MARKET, BY OFFERING, 2024–2029 (USD MILLION)     177

TABLE 133         REST OF EUROPE: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION) 177

TABLE 134         REST OF EUROPE: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION) 178

10.4       ASIA PACIFIC    178

10.4.1    ASIA PACIFIC: CLOUD ITSM MARKET DRIVERS 178

10.4.2    ASIA PACIFIC: RECESSION IMPACT        179

FIGURE 46         ASIA PACIFIC: MARKET SNAPSHOT       180

TABLE 135         ASIA PACIFIC: CLOUD ITSM MARKET, BY OFFERING, 2019–2023 (USD MILLION) 181

TABLE 136         ASIA PACIFIC: CLOUD ITSM MARKET, BY OFFERING, 2024–2029 (USD MILLION) 181

TABLE 137         ASIA PACIFIC: CLOUD ITSM MARKET, BY SOLUTION, 2019–2023 (USD MILLION) 181

TABLE 138         ASIA PACIFIC: CLOUD ITSM MARKET, BY SOLUTION, 2024–2029 (USD MILLION) 181

TABLE 139         ASIA PACIFIC: CLOUD ITSM MARKET, BY SERVICE, 2019–2023 (USD MILLION) 182

TABLE 140         ASIA PACIFIC: CLOUD ITSM MARKET, BY SERVICE, 2024–2029 (USD MILLION) 182

TABLE 141        ASIA PACIFIC: CLOUD ITSM MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)          182

TABLE 142        ASIA PACIFIC: CLOUD ITSM MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)          182

TABLE 143         ASIA PACIFIC: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)          183

TABLE 144         ASIA PACIFIC: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)          183

TABLE 145         ASIA PACIFIC: CLOUD ITSM MARKET, BY VERTICAL, 2019–2023 (USD MILLION) 183

TABLE 146         ASIA PACIFIC: CLOUD ITSM MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 184

TABLE 147         ASIA PACIFIC: CLOUD ITSM MARKET, BY COUNTRY, 2019–2023 (USD MILLION) 184

TABLE 148         ASIA PACIFIC: CLOUD ITSM MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 184

10.4.3    CHINA  185

10.4.3.1 Free trade ecosystem and ‘Belt and Road’ initiatives to increase need for cloud ITSM infrastructure           185

TABLE 149         CHINA: CLOUD ITSM MARKET, BY OFFERING, 2019–2023 (USD MILLION)          185

TABLE 150         CHINA: CLOUD ITSM MARKET, BY OFFERING, 2024–2029 (USD MILLION)          185

TABLE 151         CHINA: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)     185

TABLE 152         CHINA: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)     186

10.4.4    JAPAN  186

10.4.4.1 Automation push to propel demand for cloud ITSM solutions within automation and industrial robotics       186

TABLE 153         JAPAN: CLOUD ITSM MARKET, BY OFFERING, 2019–2023 (USD MILLION)          186

TABLE 154         JAPAN: CLOUD ITSM MARKET, BY OFFERING, 2024–2029 (USD MILLION)          186

TABLE 155         JAPAN: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)     187

TABLE 156         JAPAN: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)     187

10.4.5    AUSTRALIA & NEW ZEALAND   187

10.4.5.1 Demand for data processing and information interaction with high internet usage              187

TABLE 157         AUSTRALIA & NEW ZEALAND: CLOUD ITSM MARKET, BY OFFERING, 2019–2023 (USD MILLION)   187

TABLE 158         AUSTRALIA & NEW ZEALAND: CLOUD ITSM MARKET, BY OFFERING, 2024–2029 (USD MILLION)   188

TABLE 159         AUSTRALIA & NEW ZEALAND: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)            188

TABLE 160         AUSTRALIA & NEW ZEALAND: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)            188

10.4.6    REST OF ASIA PACIFIC  188

TABLE 161         REST OF ASIA PACIFIC: CLOUD ITSM MARKET, BY OFFERING, 2019–2023 (USD MILLION)          189

TABLE 162         REST OF ASIA PACIFIC: CLOUD ITSM MARKET, BY OFFERING, 2024–2029 (USD MILLION)          189

TABLE 163         REST OF ASIA PACIFIC: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)            189

TABLE 164         REST OF ASIA PACIFIC: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)            189

10.5       MIDDLE EAST & AFRICA             190

10.5.1    MIDDLE EAST & AFRICA: CLOUD ITSM MARKET DRIVERS          190

10.5.2    MIDDLE EAST & AFRICA: RECESSION IMPACT   191

TABLE 165         MIDDLE EAST & AFRICA: CLOUD ITSM MARKET, BY OFFERING, 2019–2023 (USD MILLION)          192

TABLE 166         MIDDLE EAST & AFRICA: CLOUD ITSM MARKET, BY OFFERING, 2024–2029 (USD MILLION)          192

TABLE 167        MIDDLE EAST & AFRICA: CLOUD ITSM MARKET, BY SOLUTION, 2019–2023 (USD MILLION)          192

TABLE 168        MIDDLE EAST & AFRICA: CLOUD ITSM MARKET, BY SOLUTION, 2024–2029 (USD MILLION)          193

TABLE 169         MIDDLE EAST & AFRICA: CLOUD ITSM MARKET, BY SERVICE, 2019–2023 (USD MILLION)          193

TABLE 170         MIDDLE EAST & AFRICA: CLOUD ITSM MARKET, BY SERVICE, 2024–2029 (USD MILLION)          193

TABLE 171         MIDDLE EAST & AFRICA: CLOUD ITSM MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)            193

TABLE 172         MIDDLE EAST & AFRICA: CLOUD ITSM MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)            194

TABLE 173         MIDDLE EAST & AFRICA: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)            194

TABLE 174         MIDDLE EAST & AFRICA: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)            194

TABLE 175         MIDDLE EAST & AFRICA: CLOUD ITSM MARKET, BY VERTICAL, 2019–2023 (USD MILLION)          195

TABLE 176         MIDDLE EAST & AFRICA: CLOUD ITSM MARKET, BY VERTICAL, 2024–2029 (USD MILLION)          195

TABLE 177         MIDDLE EAST & AFRICA: CLOUD ITSM MARKET, BY COUNTRY/REGION, 2019–2023 (USD MILLION) 196

TABLE 178         MIDDLE EAST & AFRICA: CLOUD ITSM MARKET, BY COUNTRY/REGION, 2024–2029 (USD MILLION) 196

10.5.3    GCC COUNTRIES (GULF COOPERATION COUNCIL)       196

10.5.3.1 Saudi Arabia        196

10.5.3.1.1            Saudi Vision 2030 for cloud, ITSM, big data, analytics, and AI/ML              196

TABLE 179         SAUDI ARABIA: CLOUD ITSM MARKET, BY OFFERING, 2019–2023 (USD MILLION)     197

TABLE 180         SAUDI ARABIA: CLOUD ITSM MARKET, BY OFFERING, 2024–2029 (USD MILLION)     197

TABLE 181         SAUDI ARABIA: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION) 197

TABLE 182         SAUDI ARABIA: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION) 197

10.5.3.2 UAE      198

10.5.3.2.1            High mobile device penetration supported by government initiatives              198

TABLE 183         UAE: CLOUD ITSM MARKET, BY OFFERING, 2019–2023 (USD MILLION)          198

TABLE 184         UAE: CLOUD ITSM MARKET, BY OFFERING, 2024–2029 (USD MILLION)          198

TABLE 185         UAE: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)     198

TABLE 186         UAE: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)     199

10.5.3.3 Rest of GCC Countries      199

TABLE 187         REST OF GCC COUNTRIES: CLOUD ITSM MARKET, BY OFFERING, 2019–2023 (USD MILLION)   199

TABLE 188         REST OF GCC COUNTRIES: CLOUD ITSM MARKET, BY OFFERING, 2024–2029 (USD MILLION)   199

TABLE 189         REST OF GCC COUNTRIES: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)            200

TABLE 190         REST OF GCC COUNTRIES: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)            200

10.5.4    SOUTH AFRICA 200

10.5.4.1 High usage of mobile technologies and colocation facilities in South Africa              200

TABLE 191         SOUTH AFRICA: CLOUD ITSM MARKET, BY OFFERING, 2019–2023 (USD MILLION)     201

TABLE 192         SOUTH AFRICA: CLOUD ITSM MARKET, BY OFFERING, 2024–2029 (USD MILLION)     201

TABLE 193         SOUTH AFRICA: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION) 201

TABLE 194         SOUTH AFRICA: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION) 201

10.5.5    REST OF THE MIDDLE EAST & AFRICA  202

TABLE 195         REST OF MIDDLE EAST & AFRICA: CLOUD ITSM MARKET, BY OFFERING, 2019–2023 (USD MILLION)   202

TABLE 196         REST OF MIDDLE EAST & AFRICA: CLOUD ITSM MARKET, BY OFFERING, 2024–2029 (USD MILLION)   202

TABLE 197         REST OF MIDDLE EAST & AFRICA: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)            203

TABLE 198         REST OF MIDDLE EAST & AFRICA: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)            203

10.6       LATIN AMERICA             203

10.6.1    LATIN AMERICA: CLOUD ITSM MARKET DRIVERS          203

10.6.2    LATIN AMERICA: RECESSION IMPACT   204

TABLE 199         LATIN AMERICA: CLOUD ITSM MARKET, BY OFFERING, 2019–2023 (USD MILLION)     205

TABLE 200         LATIN AMERICA: CLOUD ITSM MARKET, BY OFFERING, 2024–2029 (USD MILLION)     205

TABLE 201         LATIN AMERICA: CLOUD ITSM MARKET, BY SOLUTION, 2019–2023 (USD MILLION)     205

TABLE 202         LATIN AMERICA: CLOUD ITSM MARKET, BY SOLUTION, 2024–2029 (USD MILLION)     205

TABLE 203         LATIN AMERICA: CLOUD ITSM MARKET, BY SERVICE, 2019–2023 (USD MILLION)     206

TABLE 204         LATIN AMERICA: CLOUD ITSM MARKET, BY SERVICE, 2024–2029 (USD MILLION)     206

TABLE 205         LATIN AMERICA: CLOUD ITSM MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)          206

TABLE 206         LATIN AMERICA: CLOUD ITSM MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)          206

TABLE 207         LATIN AMERICA: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION) 207

TABLE 208         LATIN AMERICA: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION) 207

TABLE 209         LATIN AMERICA: CLOUD ITSM MARKET, BY VERTICAL, 2019–2023 (USD MILLION)     207

TABLE 210         LATIN AMERICA: CLOUD ITSM MARKET, BY VERTICAL, 2024–2029 (USD MILLION)     208

TABLE 211         LATIN AMERICA: CLOUD ITSM MARKET, BY COUNTRY, 2019–2023 (USD MILLION)     208

TABLE 212         LATIN AMERICA: CLOUD ITSM MARKET, BY COUNTRY, 2024–2029 (USD MILLION)     208

10.6.3    BRAZIL 209

10.6.3.1 5G deployment to attract more cloud players to Brazil 209

TABLE 213         BRAZIL: CLOUD ITSM MARKET, BY OFFERING, 2019–2023 (USD MILLION)          209

TABLE 214         BRAZIL: CLOUD ITSM MARKET, BY OFFERING, 2024–2029 (USD MILLION)          209

TABLE 215         BRAZIL: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)     209

TABLE 216         BRAZIL: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)     210

10.6.4    MEXICO             210

10.6.4.1 Increased investments from global giants and opportunities for content delivery providers             210

TABLE 217         MEXICO: CLOUD ITSM MARKET, BY OFFERING, 2019–2023 (USD MILLION)          210

TABLE 218         MEXICO: CLOUD ITSM MARKET, BY OFFERING, 2024–2029 (USD MILLION)          210

TABLE 219         MEXICO: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)          211

TABLE 220         MEXICO: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)          211

10.6.5    REST OF LATIN AMERICA          211

TABLE 221         REST OF LATIN AMERICA: CLOUD ITSM MARKET, BY OFFERING, 2019–2023 (USD MILLION)   212

TABLE 222         REST OF LATIN AMERICA: CLOUD ITSM MARKET, BY OFFERING, 2024–2029 (USD MILLION)   212

TABLE 223         REST OF LATIN AMERICA: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)            212

TABLE 224         REST OF LATIN AMERICA: CLOUD ITSM MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)            212

11          COMPETITIVE LANDSCAPE       213

11.1       INTRODUCTION            213

11.2       KEY PLAYER STRATEGIES/RIGHT TO WIN          213

TABLE 225         OVERVIEW OF STRATEGIES ADOPTED BY KEY VENDORS              213

11.3       MARKET SHARE ANALYSIS, 2023             216

TABLE 226         MARKET SHARE OF KEY VENDORS, 2023             217

FIGURE 47         CLOUD ITSM MARKET: MARKET SHARE ANALYSIS, 2023              218

11.4       CLOUD ITSM MARKET: VENDOR PRODUCTS/BRANDS COMPARISON              219

FIGURE 48         VENDOR PRODUCTS/BRANDS COMPARISON    219

11.5       REVENUE ANALYSIS      220

FIGURE 49         HISTORICAL REVENUE ANALYSIS, 2019–2023 (USD MILLION)              220

11.6       COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023   222

FIGURE 50         COMPANY EVALUATION MATRIX FOR KEY PLAYERS: CRITERIA WEIGHTAGE     222

11.6.1    STARS  223

11.6.2    EMERGING LEADERS    223

11.6.3    PERVASIVE PLAYERS     223

11.6.4    PARTICIPANTS 223

FIGURE 51         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023   224

11.6.5    COMPANY FOOTPRINT: KEY PLAYERS  225

FIGURE 52         CLOUD ITSM MARKET: COMPANY FOOTPRINT, 2023    225

TABLE 227         CLOUD ITSM MARKET: REGIONAL FOOTPRINT, 2023    225

TABLE 228         CLOUD ITSM MARKET: COMPANY OFFERING FOOTPRINT, 2023      226

TABLE 229         CLOUD ITSM MARKET: COMPANY VERTICAL FOOTPRINT, 2023      226

11.7       COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023          227

FIGURE 53         COMPANY EVALUATION MATRIX FOR STARTUPS/SMES: CRITERIA WEIGHTAGE 227

11.7.1    PROGRESSIVE COMPANIES       228

11.7.2    RESPONSIVE COMPANIES          228

11.7.3    DYNAMIC COMPANIES 228

11.7.4    STARTING BLOCKS       228

FIGURE 54         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023              229

11.7.5    COMPETITIVE BENCHMARKING: STARTUPS/SMES        230

11.7.5.1 Detailed list of key startups/SMEs   230

TABLE 230         OVERALL COMPANY FOOTPRINT FOR STARTUPS/SMES, 2023              230

TABLE 231         COMPETITIVE BENCHMARKING OF STARTUPS/SMES   230

11.8       COMPANY VALUATION AND FINANCIAL METRICS OF KEY VENDORS              231

11.8.1    COMPANY VALUATION 231

FIGURE 55         COMPANY VALUATION OF KEY VENDORS, 2024 (USD BILLION)              231

11.8.2    FINANCIAL METRICS    232

FIGURE 56         EV/EBITDA RATIO OF KEY VENDORS, 2024        232

FIGURE 57         YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK BETA OF KEY VENDORS, 2024    232

11.9       COMPETITIVE SCENARIO AND TRENDS             233

11.9.1    PRODUCT LAUNCHES  233

TABLE 232         CLOUD ITSM MARKET: PRODUCT LAUNCHES, MARCH 2022–MAY 2024           233

11.9.2    DEALS  240

TABLE 233         CLOUD ITSM MARKET: DEALS, JANUARY 2022–MARCH 2024              240

12          COMPANY PROFILES    247

12.1       INTRODUCTION            247

12.2       KEY PLAYERS   247

(Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)*

12.2.1    SERVICENOW   247

TABLE 234         SERVICENOW: COMPANY OVERVIEW    247

FIGURE 58         SERVICENOW: COMPANY SNAPSHOT   248

TABLE 235         SERVICENOW: PRODUCTS/SOLUTIONS/SERVICES OFFERED              248

TABLE 236         SERVICENOW: PRODUCT ENHANCEMENTS       250

TABLE 237         SERVICENOW: DEALS   251

TABLE 238         SERVICENOW: EXPANSIONS      254

12.2.2    BMC SOFTWARE            256

TABLE 239         BMC SOFTWARE: COMPANY OVERVIEW             256

TABLE 240         BMC SOFTWARE: PRODUCTS/SOLUTIONS/SERVICES OFFERED          256

TABLE 241         BMC SOFTWARE: PRODUCT LAUNCHES & ENHANCEMENTS              258

TABLE 242         BMC SOFTWARE: DEALS            260

12.2.3    BROADCOM      264

TABLE 243         BROADCOM: COMPANY OVERVIEW      264

FIGURE 59         BROADCOM: COMPANY SNAPSHOT      265

TABLE 244         BROADCOM: PRODUCTS/SOLUTIONS/SERVICES OFFERED              265

TABLE 245         BROADCOM: PRODUCT ENHANCEMENTS         266

TABLE 246         BROADCOM: DEALS      268

12.2.4    MANAGEENGINE           269

TABLE 247         MANAGEENGINE: COMPANY OVERVIEW            269

TABLE 248         MANAGEENGINE: PRODUCTS/SOLUTIONS/SERVICES OFFERED          269

TABLE 249         MANAGEENGINE: PRODUCT LAUNCHES & ENHANCEMENTS              270

TABLE 250         MANAGEENGINE: EXPANSIONS 271

12.2.5    IVANTI 273

TABLE 251         IVANTI: COMPANY OVERVIEW 273

TABLE 252         IVANTI: PRODUCTS/SOLUTIONS/SERVICES OFFERED  273

TABLE 253         IVANTI: PRODUCT ENHANCEMENTS    274

TABLE 254         IVANTI: DEALS 275

12.2.6    ZENDESK          277

TABLE 255         ZENDESK: COMPANY OVERVIEW           277

TABLE 256         ZENDESK: PRODUCTS/SOLUTIONS/SERVICES OFFERED              277

TABLE 257         ZENDESK: PRODUCT LAUNCHES           278

TABLE 258         ZENDESK: DEALS           278

12.2.7    FRESHWORKS   280

TABLE 259         FRESHWORKS: COMPANY OVERVIEW   280

FIGURE 60         FRESHWORKS: COMPANY SNAPSHOT   281

TABLE 260         FRESHWORKS: PRODUCTS/SOLUTIONS/SERVICES OFFERED              281

TABLE 261         FRESHWORKS: PRODUCT ENHANCEMENTS      283

TABLE 262         FRESHWORKS: DEALS   283

12.2.8    SOLARWINDS   284

TABLE 263         SOLARWINDS: COMPANY OVERVIEW    284

FIGURE 61         SOLARWINDS: COMPANY SNAPSHOT   285

TABLE 264         SOLARWINDS: PRODUCTS/SOLUTIONS/SERVICES OFFERED              285

TABLE 265         SOLARWINDS: PRODUCT LAUNCHES & ENHANCEMENTS              286

TABLE 266         SOLARWINDS: DEALS   288

12.2.9    ATLASSIAN       289

TABLE 267         ATLASSIAN: COMPANY OVERVIEW        289

FIGURE 62         ATLASSIAN: COMPANY SNAPSHOT        290

TABLE 268         ATLASSIAN: PRODUCTS/SOLUTIONS/SERVICES OFFERED              290

TABLE 269         ATLASSIAN: PRODUCT ENHANCEMENTS           291

TABLE 270         ATLASSIAN: DEALS       292

12.2.10  OPENTEXT       293

TABLE 271         OPENTEXT: COMPANY OVERVIEW        293

FIGURE 63         OPENTEXT: COMPANY SNAPSHOT        294

TABLE 272         OPENTEXT: PRODUCTS/SOLUTIONS/SERVICES OFFERED              295

TABLE 273         OPENTEXT: PRODUCT ENHANCEMENTS           296

TABLE 274         OPENTEXT: DEALS        296

*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies.

12.3       OTHER PLAYERS           298

12.3.1    MICROSOFT      298

12.3.2    IBM       299

12.3.3    GOTO  300

12.3.4    IFS         301

12.3.5    SYMPHONYAI SUMMIT 302

12.3.6    EFECTE 303

12.3.7    EASYVISTA        303

12.3.8    ITARIAN             304

12.3.9    SYSAID TECHNOLOGIES            305

12.3.10  INVGATE           305

12.3.11  ALEMBA            306

12.3.12  HORNBILL        306

12.3.13  NINJAONE         307

12.3.14  HALOITSM        308

12.3.15  AISERA 309

12.3.16  4ME      309

12.3.17  TOPDESK          310

12.3.18  TEAMDYNAMIX             310

13          ADJACENT AND RELATED MARKETS     311

13.1       INTRODUCTION            311

13.1.1    RELATED MARKETS      311

13.2       ITSM MARKET  311

TABLE 275         ITSM MARKET, BY OFFERING, 2018–2022 (USD MILLION)              311

TABLE 276         ITSM MARKET, BY OFFERING, 2023–2028 (USD MILLION)              312

TABLE 277         ITSM MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD MILLION)          312

TABLE 278         ITSM MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)          312

TABLE 279         ITSM MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD MILLION)          312

TABLE 280         ITSM MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION)          313

TABLE 281         ITSM MARKET, BY VERTICAL, 2018–2022 (USD MILLION)              313

TABLE 282         ITSM MARKET, BY VERTICAL, 2023–2028 (USD MILLION)              314

13.3       CONFIGURATION MANAGEMENT MARKET       314

TABLE 283         CONFIGURATION MANAGEMENT MARKET, BY MODULE, 2017–2024 (USD MILLION)     314

TABLE 284         CONFIGURATION MANAGEMENT MARKET, BY SYSTEM, 2017–2024 (USD MILLION)     315

TABLE 285         CONFIGURATION MANAGEMENT MARKET, BY COMPONENT, 2017–2024 (USD MILLION)          315

TABLE 286         CONFIGURATION MANAGEMENT MARKET, BY ENTERPRISE SIZE, 2017–2024 (USD MILLION) 315

TABLE 287         CONFIGURATION MANAGEMENT MARKET, BY END-USE VERTICAL, 2017–2024 (USD MILLION)    315

TABLE 288         CONFIGURATION MANAGEMENT MARKET, BY REGION, 2017–2024 (USD MILLION)     316

14          APPENDIX         317

14.1       DISCUSSION GUIDE      317

14.2       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             323

14.3       CUSTOMIZATION OPTIONS      325

14.4       RELATED REPORTS       325

14.5       AUTHOR DETAILS         326