Enjoy complimentary customisation on priority with our Enterprise License!
Technavio’s research analyst predicts the global IT management as a service (ITMaaS) market to grow significantly at a CAGR of 38% during the forecast period. The increased need to reduce IT costs is the primary growth driver for this market. For most organizations, and specifically SMEs, the IT environment accounts for a significant portion of their investment budget. Also, a large amount is spent on the management of the IT environment. With ITMaaS, the software requirements associated with IT management and maintenance are shifted from internal IT departments to ITMaaS vendors or service providers. This reduces the burden on in-house IT departments and implementation costs.
The growing adoption of BYOD in this market is expected to boost market growth during the forecast period. BYOD poses a serious challenge to companies in terms of data security. Organizations, though aware of the potential risks, are working on their BYOD policies rather than restricting their employees to connect to the company networks through their own devices. This will lead to increased adoption of IT management solutions by companies that are embracing the BYOD policy.
The systems and network monitoring and management segment dominated the market during 2015, with a market share of 53%. Additional features such as cloud analytics tools that run over performance monitoring products are gradually being used by many organizations. This helps in accurately measuring and interpreting performance data, which improves the performance of systems and networks through the predictive analysis.
IT and telecom accounted for 29% of the market share during 2015. This sector collects a vast amount of customer data. Storing such information and using it effectively require efficient usage of the IT environment. Hence, the sector extensively uses cloud-based IT management solutions for effective management of its IT systems and networks.
The Americas accounted for 58% of the global IT management as a service market in 2015. The dominance of this region stems from the presence of major IT firms in the region. Being an early adopter, many companies have already, or are working to adopt, cloud-based IT management solutions.
The global IT management as a service market is highly competitive. Vendors are providing additional cloud application features to remain competitive in the market. Further, with many organizations now adopting a hybrid cloud infrastructure by utilizing the best of both private and public cloud models, the need for the ITMaaS is increasing. Large vendors are trying to increase their market share by acquiring small vendors.
The leading vendors in the market are -
Other prominent vendors in the market include Absolute Software, Cherwell Software, EMC Infra, Epicor Software, FrontRange Solutions, Fujitsu, Hornbill, IBM, ManageEngine, Microsoft, Oracle, SAP, Serena Software, Sofigate, Sunrise Software, SunView Software, Symantec, SysAid Technologies, and VMware.
Technavio also offers customization on reports based on specific client requirement.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Economic overview
PART 06: Public cloud services ecosystem
PART 07: Market landscape
PART 08: Market segmentation by application
PART 09: Market segmentation by end-user
PART 10: Geographical segmentation
PART 11: Market drivers
PART 12: Impact of drivers
PART 13: Market challenges
PART 14: Impact of drivers and challenges
PART 15: Market trends
PART 16: Vendor landscape
PART 17: Key vendor analysis
PART 18: Appendix
PART 19: Explore Technavio
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.