Service Integration and Management Market Dynamics Trends, Segmentation, Key Players, Application
by Rahul Gautam ManagerThe service integration and management market is expected to reach $5.1 billion by 2023, according to P&S
Intelligence.
Cost reduction, value enhancement, and service quality
enhancement leading to process efficiency are the major factors responsible for
the high growth of the global service integration and management market.
Improvement in service quality leads to smoother flow of end-to-end processes,
which include maintaining coordination between the customer organization and
service providers and enabling the customer organization to easily switch
between the service providers, if needed, to ensure quality. This not only
ensures consistent management of services and access to top-notch service
technologies but also allows sharing of knowledge and continual improvement in
services.
Insights
on market segments
The service integration and management market is
categorized into technology and business; of which, the business category is
projected to witness higher growth during the forecast period. This is because
of the increasing investments in governance strategies and procurement
activities by many global players. Based on the organization type, large enterprises
are expected to continue generating a larger share of the service integration
and management revenues, as compared to small and medium enterprises (SMEs).
Europe is expected to continue being the largest
service integration and management market in the forthcoming years, on account
of the growing need of organizations to adapt their IT system infrastructure to
the changing information services environment. Because of the increasing usage
of SaaS and IaaS cloud services by the European companies, the demand for the
service integration and management model is also growing in the region.
Lack of flexibility in business models can be viewed
as an opportunity for growth of the service integration and management market.
Many organizations face flexibility issues while implementing changes in their
process flow, which often generates the need for a flexible model such as
muti-vendor outsourcing. At present, many organizations are implementing a
stable model, but with the increasing adoption of a dynamic multi-vendor
outsourcing model, this model is expected to have increased prevalence in the
near future.
Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/service-integration-and-management-market/report-sample
By
Service
·
Consulting and Implementation
·
Assessment and Advisory
·
Integration and Automation
By
Organization Type
·
Large Enterprise
·
Small and Medium Enterprise (SME)
By
Industry
·
Telecom and IT
·
Banking, Financial Services, and Insurance (BFSI)
·
Retail and Manufacturing
·
Energy and Utility
·
Transportation and Logistics
·
Others (Include Government, Life Sciences, and Healthcare)
Some of the key players operating in this market are
Oracle Corporation, Hewlett Packard Enterprise (HPE), International Business
Machines Corporation (IBM), HCL Technologies Limited, Infosys Limited, Mindtree
Limited, Capgemini SE, and Atos SE.
Sponsor Ads
Created on Jul 5th 2019 03:09. Viewed 275 times.