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Follow on Google News | Cloud IT Service Management Market to reach a market size of $14.6 billion by 2025 - KBV ResearchBy: KBV Research North America is anticipated to hold the largest market share in the global ITSM cloud market by 2025 because as competition increases in the region's cloud IT service management industry will bring professional services across vertical lines to competitive advantage. That being said, the APAC region is expected to proliferate at the highest growth rate during the forecast period. The rapid growth rate can be associated with a swift increase in cloud-based ITSM solutions. Based on component, the solutions segment gained significant market share in Cloud IT services management in 2018 and is anticipated to remain dominant over the forecast period. The growth of this segment is primarily attributable to the increased need to manage IT operations and to manage the design, planning, delivery, and control of cloud and IT services, which is the main driver of the market. Global Cloud IT Service Management (ITSM) Market Segmentation By Component • Solution • Operations & Performance Management • Service Portfolio Management • Configuration & Change Management • Reporting & Analytics • Services By Organization Size • Large Enterprises • Small & Medium Enterprises By End User • Telecom & IT • BFSI • Manufacturing • Retail • Healthcare • Others By Geography North America • US • Canada • Mexico • Rest of North America Europe • Germany • UK • France • Russia • Spain • Italy • Rest of Europe Asia Pacific • China • Japan • India • South Korea • Singapore • Australia • Rest of Asia Pacific LAMEA • Brazil • Argentina • UAE • Saudi Arabia • South Africa • Nigeria • Rest of LAMEA Companies Profiled • IBM Corporation • Microsoft Corporation • Hewlett Packard Enterprise Company • Citrix Systems, Inc. • ServiceNow, Inc. • BMC Software, Inc. (KKR & Co., Inc.) • Atlassian Corporation PLC • Serviceaide, Inc. • Cherwell Software, LLC • Freshworks, Inc. Structural Insights: https://www.kbvresearch.com/ End
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