London, 01 October 2014 – TechNavio, a global tech-focused research firm has announced the publication of its market research report on the Global ITMaaS Market 2014-2018.
About IT Management-as-a-Service (ITMaaS)
ITMaaS is a cloud-based IT service management tool and solution that provides service desk management, incident management, change and configuration management and problem management.
The Global ITMaaS market is expected to grow at a CAGR of 43.67 percent during the forecast period.
The latest report by TechNavio focuses on the need to drive down IT costs while maintaining flexibility. Cloud-based systems provide customization and integration benefits for enterprises that result in drastic reduction in the total costs for the company. The report also highlights the popularity of IT Management among SMEs, which is contributing to the overall market growth. Some of the key end users highlighted in this report include:
- Technology and Telecom
- BFSI
- Government and Education
- Healthcare
- Manufacturing and Automotive
- Retail
“One of the major reasons for the increased adoption of cloud-based IT management services is the reduction of investment and operational costs associated with computing resource provisioning within enterprises. As cloud services are provided over the cloud infrastructure, there is a considerable reduction in the associated capital and operational expenditure. SMEs have a smaller budget and often opt for public cloud services to meet their business requirements,” says Faisal Ghaus, Vice President of TechNavio.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Need to Drive Down IT Costs while Gaining Flexibility
- For a full detailed list, view our report.
Market Challenges:
- Lack of Transparency in SLAs
- For a full detailed list, view our report.
Market Trends:
- Popularity of IT Management among SMEs
- For a full detailed list, view our report
Key Vendors:
- BMC Software Inc.
- CA Technologies Inc.
- Hewlett-Packard Co. (HP)
- ServiceNow Inc.
Other Prominent Vendors:
- Absolute Software
- Cherwell Software
- EMC Infra
- Epicor Software
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
