DUBLIN--(BUSINESS WIRE)--The "Service Integration and Management Market by Component, Solution, Service, Organization Size, Vertical, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global service integration and management (SIAM) 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 increasing complexities of service management, growing use of cost-effective SIAM framework, and a growing demand for multi-vendor outsourcing. However, lack of uniform Service-Level Agreements (SLAs) and stringent regulations could restrain the market growth.
Services play a vital role in the overall SIAM market, as these services help enterprises in the effective functioning of the entire IT infrastructure system, along with specific advisory and implementation services for digital transformation of business processes. SIAM helps seamlessly integrate interdependent services from a multitude of internal and external service providers into single end-to-end services to meet business requirements. SIAM services are gaining traction among enterprises, as they are cost-efficient with no requirement to purchase, install, and maintain the system.
Market Dynamics
Drivers
- Increasing Complexities of Service Management
- Growing Use of Cost-Effective Siam Framework
- Increasing Demand for Multi-Vendor Outsourcing
Restraints
- Lack of Uniform SLAS and Regulatory Compliances
Opportunities
- Growing Need for Aligning Management Strategies With Organizations' Strategic Initiatives
- Increasing Demand for Automation in Business Processes
Challenges
- Lack of Skills and Expertise
- Reluctance in Adoption of New Technologies and Services
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Service Integration and Management Market, By Component
7 Market By Solution
8 Service Integration and Management Market, By Service
9 Market By Organization Size
10 Service Integration and Management Market, By Vertical
11 Service Integration and Management Market, By Region
12 Competitive Landscape
13 Company Profiles
- 4ME
- ATOS
- Accenture
- Bae Systems
- CGI
- Capgemini
- Cherwell
- DXC Technology
- Data Ductus
- Fujitsu
- HCL Technologies
- IBM
- Infosys
- Keysource
- Little Fish
- Mindtree
- NTT Data
- Oracle
- Quint Wellington Redwood
- Servicenow
- Sofigate
- Sopra Steria
- Tata Consultancy Services
- Tieto
- Wipro
