Service Integration and Management Market Worth $4.85 Billion by 2023
According to a new market research report "Service Integration and Management Market by Component (Solutions & Services), Solution (Business & Technology), Service (Implementation, Advisory), Organization Size, Vertical (IT & Telecommunications, Manufacturing), and Region - Global Forecast to 2023", published by MarketsandMarkets, the global market size is expected to grow from USD 3.67 billion in 2018 to USD 4.85 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 5.7% during the forecast period.
- According to a new market research report "Service Integration and Management Market by Component (Solutions & Services), Solution (Business & Technology), Service (Implementation, Advisory), Organization Size, Vertical (IT & Telecommunications, Manufacturing), and Region - Global Forecast to 2023", published by MarketsandMarkets, the global market size is expected to grow from USD 3.67 billion in 2018 to USD 4.85 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 5.7% during the forecast period.
- Major growth factors for the market include an increasing demand for multi-vendor outsourcing and growing use of cost-effective SIAM framework.
- The solution enables a service integration company to enhance its decision-making process through better performance analysis of technicians.
- North America is projected to hold the largest market size and continue to dominate the global Service Integration and Management Market during the forecast period.