According to a new report, published by KBV research, The Global Service Integration and Management Market size is expected to reach $6.9 billion by 2030, rising at a market growth of 5.0% CAGR during the forecast period.
The Services segment is experiencing a CAGR of 5.5% during (2023 - 2030). The increasing demand for services in the service integration and management market reflects the need for expertise, support, and specialized capabilities in implementing, managing, and optimizing complex service integration environments. To ensure the successful implementation and operation of SIAM, the demand for these services will continue to increase as companies strive for more efficient IT service management.
The Large Enterprises segment is leading the Global Service Integration and Management Market by Organization Size in 2022; thereby, achieving a market value of $5 billion by 2030. Large enterprises often have complex IT landscapes with diverse systems, applications, and technologies. SIAM solutions help them integrate and manage these disparate elements more effectively, ensuring seamless operations across the organization. By streamlining IT service delivery and management processes, SIAM solutions can help large enterprises optimize costs. These solutions enable better resource utilization, reduce duplication of efforts, and enhance overall operational efficiency, leading to cost savings.
The Manufacturing segment is registering a CAGR of 2.8 % during (2023 - 2030). Modern manufacturing ecosystems are highly complex, often involving multiple suppliers, partners, and technologies. SIAM provides a framework for integrating and managing these diverse elements, ensuring seamless collaboration and communication across the entire ecosystem. Many manufacturers operate in global supply chains, sourcing components and raw materials from multiple locations. SIAM enables manufacturers to integrate their supply chain partners and manage end-to-end service delivery across geographies, improving agility and responsiveness.
The North America region dominated the Global Service Integration and Management Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2.4 billion by 2030. The Europe region is anticipating a CAGR of 4.7% during (2023 - 2030). Additionally, The Asia Pacific region would exhibit a CAGR of 5.8% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/service-integration-and-management-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of IBM Corporation, HCL Technologies Ltd. (HCL Enterprises), Wipro Limited, Fujitsu Limited, Atos Group, TATA Consultancy Services Ltd., DXC Technology Company, Infosys Limited, CGI, Inc., and Accenture PLC.
By Component
By Organization Size
By Vertical
By Geography
Companies Profiled
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