AWS has 32% of the market and generated more revenue than the next three largest combined, Azure is at 19% of the market, Google Cloud at 7%, Alibaba Cloud … North America is a developed market due to the presence of many players offering cloud ITSM solutions. Even the research report that examines Cloud … Industries, such as IT and ITeS, telecom, online retail/commerce, media, and BFSI, are expected to increase spending on cloud-based services to sustain their business. Furthermore, SMEs and large-scale organizations are increasingly adopting cloud solutions as they provide security, reliability, and result in optimum utilization of resources. Owing to the cost-saving benefits offered, the demand for cloud computing is expected to rise which will lead to the expansion of the global cloud computing market at a CAGR of over 16% during the forecast period. The "Cloud ITSM Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering. In 2018, the SaaS segment had a significant market share, and this trend is expected to continue over the forecast period. Nov 03, 2020 (The Expresswire) -- The emerging technologies, such as big data, Artificial Intelligence, and Machine Learning are gaining traction, which is ultimately leading to the growth of the cloud ITSM market globally. The cloud ITSM market size is expected to grow from $4.7 billion in 2020 to $12.2 billion by 2025, at a CAGR of 21.2% during the forecast period, according to MarketsandMarkets. 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The report contains granular information & analysis pertaining to the Cloud Computing Market size, share, growth, trends, segment, and forecasts from 2020-2026. According to the research report, ” Global cloud computing market … The report also focuses on global major leading industry players of worldwide Cloud Computing market providing information like company profiles, product picture and specification, capacity, production, price, cost, revenue and get in touch with information. This network architecture is being implemented by large-scale enterprises with the advent of IoT devices and growing demand for the management of data generated by these devices. List of the Top Key Players of Cloud Computing Market: The scope of the report covers all the main system technologies that are currently being implemented within the global Cloud Computing industry. The MarketWatch News Department was not involved in the creation of this content. Also, our global cloud computing market report looks at factors such as the increased inclination toward cloud computing for cost-cutting, control of data backup and recovery, and increased use of containers boosting cloud adoption. This report additionally states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins. ‘Global Cloud Services Market 2020 Report’ can be an increasingly excellent researching the market report comprises a debut on new tendencies which could direct the players performing from the Cloud Services industry to know the current sector and create the plans to get their enterprise growth consequently. Global Cloud Based BPO Market Overview. Finally, the feasibility of latest investment projects is assessed and overall research conclusions offered. The study on the Global Cloud Based BPO Industry as well as the product description offers a brief summary of the market. Increased inclination toward cloud computing for cost-cutting Enterprises are increasingly adopting cloud services for their computing needs as it helps them in minimizing their overall CAPEX. The trend is expected to continue during the forecast period. Moreover, enterprises are increasing their budgets to accommodate cloud ITSM solutions. The major driving factors favoring the adoption of cloud ITSM solutions among SMEs include reliability, scalability, integration, flexibility, and improved productivity. iCrowdNewswire Dec 14, 2020 1:00 AM ET. The cloud ITSM market size is expected to grow from $4.7 billion in 2020 to $12.2 billion by 2025, at a CAGR of 21.2% during the forecast period, according to MarketsandMarkets. How do I select a data control solution for my business? Cloud ITSM is another technological segment where enterprises in North America had stayed ahead in the curve to fulfil business continuity needs. Organizations across verticals use these ITSM solutions for enhanced visibility as well as to prevent service outages and achieve maximized operational agility. https://www.marketreportsworld.com/enquiry/request-sample/14005318, https://www.marketreportsworld.com/enquiry/request-covid19/14005318, https://www.marketreportsworld.com/enquiry/pre-order-enquiry/14005318, https://www.marketreportsworld.com/TOC/14005318, Cloud Computing Market Size, Share Research Report 2020: Global Industry Analysis, Business Development, Trends, Future Growth, Forecast To 2023, European stocks and U.S. futures rise despite Trump’s threat to derail COVID-19 aid bill, These electric trucks are coming soon—here’s prices, how far they’ll go and how much they’ll tow, 2020 set to become first year in U.S. history with more than 3 million deaths, 3 things to know about the COVID-19 vaccine supply chain, Moderna Inc. stock underperforms Tuesday when compared to competitors. 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