Cloud IT Service Management Market

The global Cloud IT Service Management (ITSM) market was valued at US$ 6713.1 million in 2022 and is projected to reach US$ 20460 million by 2029, at a CAGR of 17.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

The USA market for Global Cloud IT Service Management market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

The China market for Global Cloud IT Service Management market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

The Europe market for Global Cloud IT Service Management market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

ITSM focuses on the management of the IT infrastructure, including hardware, software, processes, and services. While these services can be delivered independently, you'll find more value from solutions that combine capabilities for essential business functions, such as the delivery of business services, support for agile development and DevOps , and support for cloud services.

Cloud IT Service Management Market aims to provide a comprehensive presentation of the global market for Cloud IT Service Management (ITSM), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Cloud IT Service Management (ITSM). Cloud IT Service Management Market contains market size and forecasts of Cloud IT Service Management (ITSM) in global, including the following market information:

• Global Cloud IT Service Management (ITSM) Market Revenue, 2018-2023, 2024-2030, ($ millions)
• Global top five companies in 2022 (%)

Service Portfolio Management Segment to Reach $ Million by 2029, with a % CAGR in next six years.

The global key manufacturers of Cloud IT Service Management (ITSM) include ServiceNow, HPE, IBM, BMC Software, CA Technologies, Cherwell Software, Ivanti, Citrix Systems and Hornbill, etc. in 2022, the global top five players have a share approximately % in terms of revenue.

We surveyed the Cloud IT Service Management (ITSM) companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

• Service Portfolio Management
• Configuration & Change Management
• Operations & Performance Management

• BFSI
• IT & Telecommunication
• Retail & Consumer Goods

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• The Middle East and Africa (Middle East, Africa)
• South and Central America (Brazil, Argentina, Rest of SCA)

Competitor Analysis

• Key companies Cloud IT Service Management (ITSM) revenues in global market, 2018-2023 (estimated), ($ millions)
• Key companies Cloud IT Service Management (ITSM) revenues share in global market, 2022 (%)

• ServiceNow
• HPE
• IBM
• BMC Software
• CA Technologies
• Cherwell Software
• Ivanti
• Citrix Systems
• Hornbill
• Axios Systems
• Efecte
• ManageEngine
• EasyVista
• Atlassian
• Alemba
• SysAid
• Microsoft
• LogMein
• Micro Focus
• Freshworks