An Incisive, In-depth Analysis on the Service Integration And Management Market
This study offers a comprehensive, 360 degree analysis on the Service Integration And Management market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Service Integration And Management market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Global service integration and management market to witness a 2.4x increase in revenue by the end of the assessment period
As per Future Market Insights analysis, the global service integration and management market is estimated to reach a value of more than US$ 16.4 Bn by the end of 2027 from an estimate of a bit above US$ 6.7 Bn in 2017. It is expected to grow a high CAGR of 9.2% throughout the period of forecast, 2017-2027. The service integration and management market growth can be attributed to increasing deployment of IT and managed services. Revenue from the market is also increasing due to adoption of new technologies such as big data analytics in order to improve performance and delivery of services on time. Increasing global ICT spending is expected to support the robust growth of the service integration and management market in the years to come.
Government and Oil & Gas and Energy industry segments to witness growth clash in the coming years
Government and oil & gas segments in the industry category are anticipated to grow at the same pace in the coming years. Both these segments are expected to register a high CAGR of 11.8% throughout the period of assessment owing to increased adoption of service integration and management process in these industries. However, the government segment holds a high market share as of 2017 reflecting a higher market valuation and is likely to advance with this trend in the years to come. By the end of 2027, the government segment is estimated to reach US$ 2.5 Bn, a market value higher than that of the oil & gas and energy segment. Increasing investment on service integration & management solutions by governments of various countries has pushed the growth of the government segment in this market.
IT and Telecom sector highly lucrative in the service integration and management market
According to the analysis of the research report, the IT and telecom segment in the industry category has been enjoying a lion’s share since 2016. In 2017, this segment reflected a value of about US$ 2.2 Bn and is projected to reach a valuation of more than US$ 4 Bn by the end of the assessment period. This segment, however, shows a comparatively slow growth rate during the period of forecast. The higher revenue generation can be attributed towards the increasing digitalization in business processes worldwide.
Healthcare segment in the industry category is also catching steam and is poised to reflect a higher potential in the coming years. The healthcare segment is projected to grow at a robust CAGR of 10.9% throughout the period of assessment, 2017-2027 and is estimated to reach a value of about US$ 2.8 Bn by the end of the forecasted year from a mere US$ 990 Mn in 2017. This tremendous growth in the healthcare industry segment has contributed to the overall growth of the global service integration and management market. On the other hand, the BFSI industry segment is the second largest and is valued at US$ 1.5 Bn in 2017. It is anticipated to reach a significant valuation by the end of 2027 owing to a high 8.6% CAGR during the forecast period.
With a view to get a clear market picture of service integration and management, Future Market Insights has presented key acumen in a systematic format in its new report “Service Integration and Management Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)”. It uncovers each and every aspect of the market, with the help of a robust research platform. It unmasks numerous acumen on the macroeconomic factors, SWOT analysis, regulatory aspects, and other angles which govern the dynamics of the market influencing its growth. These traits help in devising an accurate marketing strategy or entry tactic or even expansion, simultaneously dealing with the unforeseen events present within the market scenario.
A robust research methodology to collate pertinent market data and information
At Future Market Insights, a unique research methodology is applied to gather the necessary market intelligence. Secondary research followed by primary research and key opinions from domain experts, market observers and other external sources is carried out. The initial secondary research is initiated which is extensive in nature and covers all the angles of the service integration and management market following which a primary research is carried out with which further deep diving is carried out. Simultaneously, market observers and domain experts which have a completely unbiased knowledge about the market, are interviewed to gain essentials of the market pertaining to the market scenario in different regions across the globe. Each key aspect or statistic or number is cross checked, re-verified, evaluated, analysed and validated over the course of the entire research. As every conversation gives a more or less different view, the statistics and data undergo a triangulation process to arrive at a certain number. This data point reflects maximum accuracy which fuels the credibility of the information that the report contains.
Market Segmentation
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By IT Solutions |
By Enterprise Type |
By Industry |
By Region |
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The research report on global service integration and management market includes a separate chapter on competitive assessment that includes several key players involved in the operations associated with service integration and management. Key information on these players such as current scenario, their geographical spread, their expansion plans, the new strategies they have come up with, new developments in their products as well as innovation to enhance their product portfolio, mergers and acquisitions as an expansion strategy, marketing strategies, market share, revenue, company strength, strategic alliances, etc., has been covered in this chapter. This can give the reader a broad idea of the happening events in the market, initiated by these players with the support of which new plans or tactics can be developed and implemented.
To sum up the characteristic features of the global service integration and management market research report, it presents an unbiased opinion of the global market along with key recommendations, it reflects a global perspective covering major geographies, includes a weighted market segmentation, provides actionable acumen that can be used runtime, covers a detailed competitive scenario and puts forth a realistic and accurate picture of the global market to support the reader in making informed decisions and gaining advantage in the long run.
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