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the global integration and management of services Marlet should go from $ 4.5 billion in 2020 at 6.71 billion dollars in 2027 at a CAGR of 4.5% during the forecast period, 2021-2027. Technology solutions for infrastructure are growing in popularity as they provide businesses with critical infrastructure, including networks and mobility. In addition, the market is driven by the growing trend of adopting GRC management solutions. These factors will increase the global service integration and management market during the forecast period.
Factors affecting the service integration and management market during the forecast period
The main drivers of the global SIAM market are the increasing complexity of service management and a profitable SIAM platform. Improving service quality contributing to process efficiency as well as improving value drive the global market. In addition, due to the creative and innovative technology that it brings to the business, the appropriate use of qualified and limited capital and the reduction in the costs of implementing processes, the cost of management service for organizations is minimized by the implementation of the SIAM model.
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The growing need for the convergence of management strategies with the strategic initiative of the organization offers more opportunities for the SIAM market. More prospects are being generated for the market by the increasing demand of automation industries and the lack of versatility of business models.
Lack of skills and expertise poses many challenges to the global SIAM market
- The major constraints in the global service integration and management market are the lack of standardization, regulatory enforcement, and an effective integrated SIAM process.
- Growing management issues hamper market growth in cross-functional teams and divergent tooling priorities of various service providers.
- The lack of expertise and the inability to adopt new or emerging technologies and services present major challenges for the global market.
Impact of COVID-19 on the service integration and management market
Governments, organizations, and businesses are gradually embracing service integration and management during the COVID-19 pandemic to perform and perform recurring functions or procedures where physical effort may be substituted. Social distancing during COVID-19 has caused organizations and businesses to cut back on the provision of services to customers. Additionally, SIAM vendors are creatively integrating new and modern technologies to help businesses tackle the coronavirus outbreak. This is fueling the global growth of the service integration and management market.
Scope of the report
The report describes the global service integration and management market research based on components, organization size, and end-user.
On the basis of components, the service integration and management market has been segmented into –
- Business solutions
- Contract management
- Risk and control
- Audit and Invoicing
- Technological solutions
- Training and support
- Business solutions
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Depending on the size of the organization, the integration and management of services the market has been segmented into –
- Small and medium-sized enterprises (SMEs)
- Large companies
Depending on the end user, the integration and management of services the market has been segmented into –
- IT and Telecommunications
- Bank Financial Services and Insurance
- Energy and utilities
- Transport and logistics
- Health and government
Service integration and management market: regional perspectives
The global service integration and management market is segmented into five geographic regions, namely, North America, Asia-Pacific, South America, Europe and Middle East and l ‘Africa (MEA). In 2020, North America held the largest share of the global service integration and management market, followed by Asia Pacific and Europe. Many companies in North America are striving to provide SIAM solutions as part of their enhanced mobility system, which is driving the market in the region. Further, Asia-Pacific is expected to project the highest CAGR of the global market during the forecast period.
The major global competitors in the service integration and management market include
The global service integration and management market is highly fragmented, with the presence of a large number of small players across the globe. Major players operating in the global service integration and management market include–
- IBM Company
- Capgemini SE
- HCL Technologies Limited
- DXC technology
- Atos SE
- Tata Consultancy Services Limited
- Wipro Limited
- Accenture PLC
- Fujitsu Limited
- Mindtree Limited
- Oracle Corporation
- NTT DATA Corporation
- Service now
- CGI Group Incorporated
- Infosys Limited
- Hewlett Packard Companies.
The Service Integration and Management market report provides an in-depth analysis of the macroeconomic factors and market attractiveness of each segment. The report will comprise an in-depth qualitative and quantitative assessment of the segmental / regional outlook with the presence of market players in the segment and the respective region / country.
The Service Integration and Management Market report covers comprehensive analysis on
- Market segmentation and regional analysis
- 10 year market size
- Price Analysis
- Supply and demand analysis
- Product lifecycle analysis
- Porter’s Five Forces and Value Chain Analysis
- Analysis of developed and emerging economies
- PEST analysis
- Factor analysis of the market and forecasts
- Market opportunities, risks and trends
- Conclusion and recommendation
- Regulatory landscape
- Patent analysis
- Competition landscape
- 15+ company profiles
The regional analysis of the Service Integration and Management Market includes
- North America (United States, Canada, Mexico)
- South America (Brazil, Argentina, Colombia, Peru, rest of Latin America)
- Europe (Germany, Italy, France, United Kingdom, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, rest of Asia-Pacific)
- The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, rest of the MEA
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Service integration and management market: target audience
- Integration and service management companies
- End-use companies
- Suppliers of integration and management software solutions
- Systems integrators and IT service providers
- Specialized publications and magazines
- Government authorities, associations and organizations
Main issues addressed
- What is the size of the market by various segmentations of integration and service management by region and their respective countries?
- What are customer buying behavior, key takeaways, and Porter’s 5 strengths in the service integration and management market?
- What are the main opportunities and trends for manufacturers involved in service integration and supply chain management?
- What are the fundamental dynamics (drivers, constraints, opportunities and challenges) of the market?
- What and how do regulations, regimes, patents and policies impact the growth of the market?
- What are the upcoming technological solutions influencing market trends? How will existing businesses adapt to new technological change?
- How will advanced technologies impact the service integration and management market?
- What has been the impact of COVID-19 on integration and service management demand and sales in the global market? Also, the expected number of decrease or increase in the market BPS and the period of recovery expected by the market.
- Detailed analysis of competitors and their latest launch, and what are the top startups introduced in the target market? In addition, detailed profiling of more than 25 leading and eminent companies in the market.
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