IT Operations and Service Management (ITOSM) refers to the entirety of activities – directed by policies, organized and structured in processes and supporting procedures – that are performed by an organization to design, plan, deliver, operate and control information technology (IT) services offered to customers.
The adoption of enterprise IT has palpably been on the rise in larger organizations, small and mid-sized businesses are still not entirely sold on the idea of investing in IT operations and service management because they continue to remain skeptical about the return on investment. While this challenges the growth of the ITOSM market’s growth, it is also where untapped opportunities lie, TMR expects.

Market Analysis and Insights: Global IT Operations and Service Management (ITOSM) Market
The global IT Operations and Service Management (ITOSM) market size is projected to reach US$ 9166.1 million by 2027, from US$ 6863.5 million in 2020, at a CAGR of 4.2% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global IT Operations and Service Management (ITOSM) market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global IT Operations and Service Management (ITOSM) market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global IT Operations and Service Management (ITOSM) market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global IT Operations and Service Management (ITOSM) market.

Global IT Operations and Service Management (ITOSM) Scope and Market Size
IT Operations and Service Management (ITOSM) market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global IT Operations and Service Management (ITOSM) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
ITSM
ITOM

Segment by Application
BFSI
Telecom and IT
Government
Healthcare/Medical/Pharmaceutical
Aerospace/Defense
Retail/Wholesale/Distribution
Manufacturing
Education
Others

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
Microsoft Corporation
BMC Software
Oracle
IBM
HP
Broadcom
Dell