Cloud Based IT Service Management Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Cloud ITSM Market Companies & Share and it is segmented by solution (Content Management, Case Management, Workflow Management, Record Management, and Digital Asset Management), Deployment Model (Public Cloud, Private Cloud, and Hybrid Cloud), end-user industry (BFSI, Medical, and Healthcare, Manufacturing, and Retail), Service (Professional and Managed), Organization Size (Small and Medium Enterprises, Large Enterprises), and Geography (North America, Europe, Asia Pacific, Latin America, Middle East & Africa). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

Cloud Based IT Service Management Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Cloud Information Technology Service Management (ITSM) Industry Overview

The Cloud ITSM (Information Technology Service Management) Market is highly fragmented with the presence of major players like IBM Corporation, BMC Software Inc., Micro Focus International PLC, Atlassian Inc., and ASG Technologies Group, Inc. The companies in the market are making some new features on only the cloud version of their ITSM product, and also adopting strategies such as partnerships, innovations, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

  • May 2022 - IBM announced that it signed a Strategic Collaboration Agreement (SCA) with Amazon Web Services Inc. (AWS), with plans to offer a broad array of its software catalog as Software-as-a-Service (SaaS) on AWS. The first-of-its-kind agreement between IBM and AWS would provide clients with quick and easy access to IBM software that spans automation, data and AI, security, and sustainability capabilities built on Red Hat OpenShift Service on AWS (ROSA) and runs cloud-native on AWS.
  • May 2022 - ServiceNow announced several significant solutions to improve service operations management, low-code governance, and government services. These include, Service Operations Workspace: It consolidates service and operations data into a single experience to provide shared visibility into issues across teams, and App Engine Management Center: It consolidates governance for low-code development. Public Sector Digital Service: It improves service delivery for government organizations.

Cloud Information Technology Service Management (ITSM) Market Leaders

  1. IBM Corporation

  2. BMC Software Inc.

  3. Micro Focus International PLC

  4. Atlassian Inc.

  5. ASG Technologies Group, Inc.

  6. *Disclaimer: Major Players sorted in no particular order
Cloud Information Technology Service Management (ITSM) Market Concentration

Cloud Information Technology Service Management Market Report Snapshots

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