By the end of 2027, the anticipated value of the global service integration and management market is expected to have increased from just over US$ 6.7 billion in 2017. It is predicted to grow quickly during the projection period, 2017–2027, at a CAGR of 9.2%. The market for service integration and management is expanding as a result of the implementation of managed services and IT.
The service integration and management industry has been the subject of substantial research by Future industry Insights. FMI has been able to uncover fresh information about the many trends, opportunities, drivers, and restraints affecting the development of the global service integration and management market.
The research has become more fact-based and analytical, providing in-depth insight into the global market for service integration and management thanks to the examination of each segment of the global market.
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Global Service Integration and Management Market: Dynamics
Increasing expectations from users, increasing service targets, rise in multi-vendor and selective sourcing, rising supply network for delivery services, improvisation in IT performance, rising infrastructure services, increasing complexity of service management, rise in outsourcing of service integration, need for better IT delivery, rising customers and requirement changes and need for fast and seamless transition of new services have supported the growth of the global service integration and management market.
However, factors such as cultural gap, high cost of IT, challenges faced by small organizations, lack of key performance indicators, lack of proper implementation, and challenges related to process and interface standards are interfering with the growth of the global service integration and management market.
Global Service Integration and Management Market: Forecast Projections
According to the fact-based research report, the global service integration and management market are anticipated to grow at a meteoric growth rate to register a high CAGR of 9.2% during the period forecast. The global service integration and management market is valued at about US$ 6.8 Bn in 2017 and is estimated to reach a valuation of more than US$ 16 Bn by the end of the assessment period.
Global Service Integration and Management Market: Segmental Highlights
The global service integration and management market is segmented by IT solutions, by enterprise type, by industry, and by region.
- By region, the service integration and management market in Asia Pacific excluding Japan (APEJ) region is projected to grow at the highest pace in the coming years to register a CAGR of 13.0%. North America is considered to be an attractive and the largest market. The service integration and management market in North America is poised to reflect a higher value of more than US$ 5 Billion by 2027 end and is thus expected to dominate the global market
- By IT solution type, the IT infrastructure management segment is the largest segment with respect to value and is poised to grow significantly. The compliance and risk management segment is projected to be the fastest growing segment to register an exponential CAGR of 11.4% throughout the period of assessment
- By enterprise type, the small and medium enterprise segment is expected to gain high traction in the coming years and is poised to grow at a higher rate. The large enterprise segment is the largest and is estimated to reflect a higher market value of more than US$ 8.9 Bn by the end of the assessment year
Global Service Integration and Management Market: Key Players
The analytical research report on the global service integration and management market has included profiling of key players involved in service integration and management. Key companies such as Capgemini, HCL Technologies Limited, Oracle Corporation, Wipro Limited, Fujitsu Limited, Cisco Systems, Inc., Accenture PLC, ATOS SE, Service Now Inc., Capita PLC, Tata Consultancy Services, CGI Group Inc., Quint Group, NTT Data Corporation, DXC Technology, and Sofigate Oy are included in this research report.
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Market Segmentation
By IT Solutions:
- IT Infrastructure Management
- Network Management
- Compliance & Risk Management
- Others
By Enterprise Type:
- Small & Medium Enterprise
- Large Enterprise
By Industry:
- IT & telecom
- BFSI
- Government
- Healthcare
- Oil & Gas and Energy
- Others
By Region:
- North America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Latin America
- MEA
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