The IT management as a service market size is expected to reach US$ 37.68 billion by 2031 from US$ 11.13 billion in 2023. The market is estimated to record a CAGR of 16.5% from 2023 to 2031. The rising demand for cloud computing is likely to remain a key market trend.
IT Management as a Service Market Analysis
The IT management as a service market is predicted to grow during the forecast period due to the growing trend of working remotely. This has spurred the need to set up new IT infrastructure among organizations. In addition, with the growing software advancements, increasing integration of cloud infrastructure, and growing adoption of automation technology, the complexity of organizations' IT infrastructure is increasing. As having an in-house IT team can be very expensive for organizations, they are moving to ITMaaS service providers to cater to this infrastructure complexity problem. Furthermore, the growing adoption of ITMaaS services in the healthcare industry to carry out IT operations is expected to create an opportunity for the growth of the IT management as a service market during the forecast period. Moreover, the rising digitization in SMEs is expected to propel the growth of the market.
IT Management as a Service Market Overview
IT management as a service (ITMaaS) is a comprehensive suite of managed services that enables skilled IT professionals to manage all aspects of a company's IT infrastructure, including servers, networks, security, applications, and data. ITMaaS services help businesses decrease IT expenses by preventing outages, eliminating disruptions, and improving security. It also helps companies to improve end-user experience and optimize IT resources by giving them access to state-of-the-art technology, skilled IT specialists, and clear contract formats. Furthermore, ITMaaS helps shift IT duties from the organization's IT team to an outside service provider, reducing the intangibles of hiring and maintaining internal IT workers.
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IT Management as a Service Market: Strategic Insights
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IT Management as a Service Market Drivers and Opportunities
Rising Demand for Remote Work Culture to Favor Market
Remote work is becoming the new normal for many organizations and has become a phenomenon in recent years, especially after the COVID-19 pandemic. According to Gallup, Inc. report of June 2022, remote work is continuously perceived as positive, with almost 65% of full-time employees ready to work remotely. Working remotely helps employees reduce their traveling and maintain a work-life balance. A study conducted by the National Bureau of Economic Research in January 2023 showed that remote work saved an average of 72 minutes spent by employees on their daily travel to and from their on-site jobs during 2021–2022. Due to all these factors, the demand for remote work is increasing among the employees. To maintain flexibility in working conditions, organizations are working on implementing a remote working model. However, this growing adoption of the remote working model fuels the need to set up new IT infrastructure among organizations. To cater to these needs, various organizations are moving to ITMaaS, as they help organizations manage all their IT operations at low cost, increasing their demand globally. ITMaaS service providers can help organizations take care of sourcing, deployment, and management of routine IT infrastructure. Thus, the rising demand for remote work culture propels the IT management as a service market growth.
Rising Adoption of ITMaaS in Healthcare Industry
IT for healthcare is more complicated than ever. Many healthcare executives wish to give digital transformation top priority; however, it is becoming more and more expensive to hire technical staff to manage hundreds of systems. Because of this, healthcare firms are adopting IT management as a service (ITMaaS), as these service providers can help companies handle their IT operations. These service providers can assist healthcare firms with IT operations, email, help desk, data security, and cloud hosting. Additionally, they can manage continuous IT services, which facilitate innovation, expansion, and transformation. Hence, the rising adoption of ITMaaS among healthcare organizations is expected to create an opportunity for the growth of the IT management as a service market during the forecast period.
IT Management as a Service Market Report Segmentation Analysis
Key segments that contributed to the derivation of the IT management as a service market analysis are application, enterprise size, and end user.
- Based on application, the IT management as a service market is categorized into system and network monitoring, compliance and security management, asset management, infrastructure performance management, configuration and change management, and others. The system and network monitoring segment held the largest market share in 2023.
- In terms of enterprise size, the market is categorized into SMEs and large enterprises. The large enterprises segment dominated the market in 2023.
- In terms of end user, the IT management as a service market is segmented into IT and telecom, BFSI, healthcare & lifesciences, manufacturing, higher education, retail, energy, and utilities, non-profit, and others. The IT and telecom segment dominated the market in 2023.
IT Management as a Service Market Share Analysis by Geography
- The IT management as a service market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. North America dominated the market in 2023, followed by Europe and APAC.
- North America is witnessing tremendous growth in the IT management as a service market, owing to the presence of various market players who are continuously working on the advancement of IT management as a service. In January 2024, Hitachi Vantara, along with Cisco, introduced an innovative suite of hybrid cloud services specifically designed to address ongoing data management challenges faced by various enterprises. This new Hitachi EverFlex with Cisco Powered Hybrid Cloud integrates automation solutions and predictive analytics to provide organizations with advanced infrastructure management, operational effectiveness, and cost efficiency. Thus, product innovations by the market players in the region are fueling the growth of IT management as a service market in the region.
IT Management as a Service Market Report Scope
IT Management as a Service Market News and Recent Developments
The IT management as a service market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the IT management as a service market are listed below:
- IBM Consulting and Microsoft announced the opening of the IBM-Microsoft Experience Zone in Bangalore, India – a first of its kind for the collaboration. The Experience Zone provides a dedicated space for clients to explore how generative AI, hybrid cloud, and other Microsoft products and technologies can accelerate their business transformation journeys and help them gain a strategic advantage.
(Source: IBM, Press Release, April 2024)
- Fujitsu launched a Cyber Security Services division, taking expertise from acquisitions and investments across the region and funneling it into one team led by Stuart Kilduff.
(Source: Fujitsu, Press Release, April 2024)
IT Management as a Service Market Report Coverage and Deliverables
The "IT Management as a Service Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:
- IT management as a service market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- IT management as a service market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- IT management as a service market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the IT management as a service market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Rising demand for cloud computing is anticipated to play a significant role in the global IT management as a service market in the coming years.
The incremental growth expected to be recorded for the global IT management as a service market during the forecast period is US$ 26,550.24 billion.
Rising demand for remote work culture and increasing complexity of IT infrastructure are the major factors that propel the IT management as a service market.
The key players holding majority shares in the global IT management as a service market are IBM Corp, Fujitsu Ltd, Amazon Web Services Inc, Cisco Systems Inc, and Cognizant Technology Solutions Corp
The global IT management as a service market was estimated to be US$ 1.28 billion in 2023 and is expected to grow at a CAGR of 10.2% during the forecast period 2024 - 2031.
The global IT management as a service market is expected to reach US$ 37.68 billion by 2031.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. IT Management as a Service Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 ITMaaS Service Providers:
4.3.2 Regulatory Bodies:
4.3.3 End Users:
4.3.4 List of Vendors in the Value Chain
5. IT Management as a Service Market – Key Market Dynamics
5.1 IT Management as a Service Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Rising Demand for Remote Work Culture
5.2.2 Increasing Complexity of IT Infrastructure
5.3 Market Restraints
5.3.1 Growing Data Privacy and Security Concerns
5.4 Market Opportunities
5.4.1 Rising Adoption of ITMaaS in Healthcare Industry
5.4.2 Growing Digitization in SMEs
5.5 Market Trends
5.5.1 Rising Demand for Cloud Computing
5.6 Impact of Drivers and Restraints:
6. IT Management as a Service Market – Global Market Analysis
6.1 IT Management as a Service Market Revenue (US$ Million), 2021–2031
6.2 IT Management as a Service Market Forecast Analysis
7. IT Management as a Service Market Analysis – by Application
7.1 System and Network Monitoring
7.1.1 Overview
7.1.2 System and Network Monitoring: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Compliance and Security Management
7.2.1 Overview
7.2.2 Compliance and Security Management: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Asset Management
7.3.1 Overview
7.3.2 Asset Management: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
7.4 Infrastructure Performance Management
7.4.1 Overview
7.4.2 Infrastructure Performance Management: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
7.5 Configuration and Change Management
7.5.1 Overview
7.5.2 Configuration and Change Management: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
8. IT Management as a Service Market Analysis – by Enterprise Size
8.1 Large Enterprises
8.1.1 Overview
8.1.2 Large Enterprises: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
8.2 SMEs
8.2.1 Overview
8.2.2 SMEs: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
9. IT Management as a Service Market Analysis – by End User
9.1 IT and Telecom
9.1.1 Overview
9.1.2 IT and Telecom: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
9.2 BFSI
9.2.1 Overview
9.2.2 BFSI: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
9.3 Healthcare and Lifesciences
9.3.1 Overview
9.3.2 Healthcare and Lifesciences: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
9.4 Manufacturing
9.4.1 Overview
9.4.2 Manufacturing: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
9.5 Higher Education
9.5.1 Overview
9.5.2 Higher Education: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
9.6 Retail
9.6.1 Overview
9.6.2 Retail: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
9.7 Energy and Utilities
9.7.1 Overview
9.7.2 Energy and Utilities: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
9.8 Non Profit
9.8.1 Overview
9.8.2 Non Profit: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
9.9 Others
9.9.1 Overview
9.9.2 Others: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
10. IT Management as a Service Market – Geographical Analysis
10.1 Overview
10.2 North America
10.2.1 North America IT Management as a Service Market Overview
10.2.2 North America: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
10.2.3 North America: IT Management as a Service Market Breakdown, by Application
10.2.3.1 North America: IT Management as a Service Market – Revenue and Forecast Analysis – by Application
10.2.4 North America: IT Management as a Service Market Breakdown, by Enterprise Size
10.2.4.1 North America: IT Management as a Service Market – Revenue and Forecast Analysis – by Enterprise Size
10.2.5 North America: IT Management as a Service Market Breakdown, by End User
10.2.5.1 North America: IT Management as a Service Market – Revenue and Forecast Analysis – by End User
10.2.6 North America: IT Management as a Service Market – Revenue and Forecast Analysis – by Country
10.2.6.1 North America: IT Management as a Service Market – Revenue and Forecast Analysis – by Country
10.2.6.2 United States: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
10.2.6.2.1 United States: IT Management as a Service Market Breakdown, by Application
10.2.6.2.2 United States: IT Management as a Service Market Breakdown, by Enterprise Size
10.2.6.2.3 United States: IT Management as a Service Market Breakdown, by End User
10.2.6.3 Canada: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
10.2.6.3.1 Canada: IT Management as a Service Market Breakdown, by Application
10.2.6.3.2 Canada: IT Management as a Service Market Breakdown, by Enterprise Size
10.2.6.3.3 Canada: IT Management as a Service Market Breakdown, by End User
10.2.6.4 Mexico: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
10.2.6.4.1 Mexico: IT Management as a Service Market Breakdown, by Application
10.2.6.4.2 Mexico: IT Management as a Service Market Breakdown, by Enterprise Size
10.2.6.4.3 Mexico: IT Management as a Service Market Breakdown, by End User
10.3 Europe
10.3.1 Europe IT Management as a Service Market Overview
10.3.2 Europe: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
10.3.3 Europe: IT Management as a Service Market Breakdown, by Application
10.3.3.1 Europe: IT Management as a Service Market – Revenue and Forecast Analysis – by Application
10.3.4 Europe: IT Management as a Service Market Breakdown, by Enterprise Size
10.3.4.1 Europe: IT Management as a Service Market – Revenue and Forecast Analysis – by Enterprise Size
10.3.5 Europe: IT Management as a Service Market Breakdown, by End User
10.3.5.1 Europe: IT Management as a Service Market – Revenue and Forecast Analysis – by End User
10.3.6 Europe: IT Management as a Service Market – Revenue and Forecast Analysis – by Country
10.3.6.1 Europe: IT Management as a Service Market – Revenue and Forecast Analysis – by Country
10.3.6.2 United Kingdom: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.2.1 United Kingdom: IT Management as a Service Market Breakdown, by Application
10.3.6.2.2 United Kingdom: IT Management as a Service Market Breakdown, by Enterprise Size
10.3.6.2.3 United Kingdom: IT Management as a Service Market Breakdown, by End User
10.3.6.3 Germany: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.3.1 Germany: IT Management as a Service Market Breakdown, by Application
10.3.6.3.2 Germany: IT Management as a Service Market Breakdown, by Enterprise Size
10.3.6.3.3 Germany: IT Management as a Service Market Breakdown, by End User
10.3.6.4 France: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.4.1 France: IT Management as a Service Market Breakdown, by Application
10.3.6.4.2 France: IT Management as a Service Market Breakdown, by Enterprise Size
10.3.6.4.3 France: IT Management as a Service Market Breakdown, by End User
10.3.6.5 Italy: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.5.1 Italy: IT Management as a Service Market Breakdown, by Application
10.3.6.5.2 Italy: IT Management as a Service Market Breakdown, by Enterprise Size
10.3.6.5.3 Italy: IT Management as a Service Market Breakdown, by End User
10.3.6.6 Russia: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.6.1 Russia: IT Management as a Service Market Breakdown, by Application
10.3.6.6.2 Russia: IT Management as a Service Market Breakdown, by Enterprise Size
10.3.6.6.3 Russia: IT Management as a Service Market Breakdown, by End User
10.3.6.7 Rest of Europe: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.7.1 Rest of Europe: IT Management as a Service Market Breakdown, by Application
10.3.6.7.2 Rest of Europe: IT Management as a Service Market Breakdown, by Enterprise Size
10.3.6.7.3 Rest of Europe: IT Management as a Service Market Breakdown, by End User
10.4 Asia Pacific
10.4.1 Asia Pacific IT Management as a Service Market Overview
10.4.2 Asia Pacific: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
10.4.3 Asia Pacific: IT Management as a Service Market Breakdown, by Application
10.4.3.1 Asia Pacific: IT Management as a Service Market – Revenue and Forecast Analysis – by Application
10.4.4 Asia Pacific: IT Management as a Service Market Breakdown, by Enterprise Size
10.4.4.1 Asia Pacific: IT Management as a Service Market – Revenue and Forecast Analysis – by Enterprise Size
10.4.5 Asia Pacific: IT Management as a Service Market Breakdown, by End User
10.4.5.1 Asia Pacific: IT Management as a Service Market – Revenue and Forecast Analysis – by End User
10.4.6 Asia Pacific: IT Management as a Service Market – Revenue and Forecast Analysis – by Country
10.4.6.1 Asia Pacific: IT Management as a Service Market – Revenue and Forecast Analysis – by Country
10.4.6.2 China: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.2.1 China: IT Management as a Service Market Breakdown, by Application
10.4.6.2.2 China: IT Management as a Service Market Breakdown, by Enterprise Size
10.4.6.2.3 China: IT Management as a Service Market Breakdown, by End User
10.4.6.3 Japan: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.3.1 Japan: IT Management as a Service Market Breakdown, by Application
10.4.6.3.2 Japan: IT Management as a Service Market Breakdown, by Enterprise Size
10.4.6.3.3 Japan: IT Management as a Service Market Breakdown, by End User
10.4.6.4 South Korea: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.4.1 South Korea: IT Management as a Service Market Breakdown, by Application
10.4.6.4.2 South Korea: IT Management as a Service Market Breakdown, by Enterprise Size
10.4.6.4.3 South Korea: IT Management as a Service Market Breakdown, by End User
10.4.6.5 India: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.5.1 India: IT Management as a Service Market Breakdown, by Application
10.4.6.5.2 India: IT Management as a Service Market Breakdown, by Enterprise Size
10.4.6.5.3 India: IT Management as a Service Market Breakdown, by End User
10.4.6.6 Australia: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.6.1 Australia: IT Management as a Service Market Breakdown, by Application
10.4.6.6.2 Australia: IT Management as a Service Market Breakdown, by Enterprise Size
10.4.6.6.3 Australia: IT Management as a Service Market Breakdown, by End User
10.4.6.7 Rest of APAC: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.7.1 Rest of APAC: IT Management as a Service Market Breakdown, by Application
10.4.6.7.2 Rest of APAC: IT Management as a Service Market Breakdown, by Enterprise Size
10.4.6.7.3 Rest of APAC: IT Management as a Service Market Breakdown, by End User
10.5 Middle East and Africa
10.5.1 Middle East and Africa IT Management as a Service Market Overview
10.5.2 Middle East and Africa: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
10.5.3 Middle East and Africa: IT Management as a Service Market Breakdown, by Application
10.5.3.1 Middle East and Africa: IT Management as a Service Market – Revenue and Forecast Analysis – by Application
10.5.4 Middle East and Africa: IT Management as a Service Market Breakdown, by Enterprise Size
10.5.4.1 Middle East and Africa: IT Management as a Service Market – Revenue and Forecast Analysis – by Enterprise Size
10.5.5 Middle East and Africa: IT Management as a Service Market Breakdown, by End User
10.5.5.1 Middle East and Africa: IT Management as a Service Market – Revenue and Forecast Analysis – by End User
10.5.6 Middle East and Africa: IT Management as a Service Market – Revenue and Forecast Analysis – by Country
10.5.6.1 Middle East and Africa: IT Management as a Service Market – Revenue and Forecast Analysis – by Country
10.5.6.2 United Arab Emirates: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
10.5.6.2.1 United Arab Emirates: IT Management as a Service Market Breakdown, by Application
10.5.6.2.2 United Arab Emirates: IT Management as a Service Market Breakdown, by Enterprise Size
10.5.6.2.3 United Arab Emirates: IT Management as a Service Market Breakdown, by End User
10.5.6.3 Saudi Arabia: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
10.5.6.3.1 Saudi Arabia: IT Management as a Service Market Breakdown, by Application
10.5.6.3.2 Saudi Arabia: IT Management as a Service Market Breakdown, by Enterprise Size
10.5.6.3.3 Saudi Arabia: IT Management as a Service Market Breakdown, by End User
10.5.6.4 South Africa: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
10.5.6.4.1 South Africa: IT Management as a Service Market Breakdown, by Application
10.5.6.4.2 South Africa: IT Management as a Service Market Breakdown, by Enterprise Size
10.5.6.4.3 South Africa: IT Management as a Service Market Breakdown, by End User
10.5.6.5 Rest of Middle East and Africa: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
10.5.6.5.1 Rest of Middle East and Africa: IT Management as a Service Market Breakdown, by Application
10.5.6.5.2 Rest of Middle East and Africa: IT Management as a Service Market Breakdown, by Enterprise Size
10.5.6.5.3 Rest of Middle East and Africa: IT Management as a Service Market Breakdown, by End User
10.6 South and Central America
10.6.1 South and Central America IT Management as a Service Market Overview
10.6.2 South and Central America: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
10.6.3 South and Central America: IT Management as a Service Market Breakdown, by Application
10.6.3.1 South and Central America: IT Management as a Service Market – Revenue and Forecast Analysis – by Application
10.6.4 South and Central America: IT Management as a Service Market Breakdown, by Enterprise Size
10.6.4.1 South and Central America: IT Management as a Service Market – Revenue and Forecast Analysis – by Enterprise Size
10.6.5 South and Central America: IT Management as a Service Market Breakdown, by End User
10.6.5.1 South and Central America: IT Management as a Service Market – Revenue and Forecast Analysis – by End User
10.6.6 South and Central America: IT Management as a Service Market – Revenue and Forecast Analysis – by Country
10.6.6.1 South and Central America: IT Management as a Service Market – Revenue and Forecast Analysis – by Country
10.6.6.2 Brazil: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
10.6.6.2.1 Brazil: IT Management as a Service Market Breakdown, by Application
10.6.6.2.2 Brazil: IT Management as a Service Market Breakdown, by Enterprise Size
10.6.6.2.3 Brazil: IT Management as a Service Market Breakdown, by End User
10.6.6.3 Argentina: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
10.6.6.3.1 Argentina: IT Management as a Service Market Breakdown, by Application
10.6.6.3.2 Argentina: IT Management as a Service Market Breakdown, by Enterprise Size
10.6.6.3.3 Argentina: IT Management as a Service Market Breakdown, by End User
10.6.6.4 Rest of South and Central America: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
10.6.6.4.1 Rest of South and Central America: IT Management as a Service Market Breakdown, by Application
10.6.6.4.2 Rest of South and Central America: IT Management as a Service Market Breakdown, by Enterprise Size
10.6.6.4.3 Rest of South and Central America: IT Management as a Service Market Breakdown, by End User
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Product News & Company News
12.4 Collaboration and Mergers & Acquisitions
13. Company Profiles
13.1 Cisco Systems Inc
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Cognizant Technology Solutions Corp
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Wipro Ltd
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Amazon Web Services Inc
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 International Business Machines Corp
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Fujitsu Ltd
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Persistent Systems Ltd
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 BMC Software, Inc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 HCL Technologies Ltd
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Hewlett Packard Enterprise Co
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
13.11 Capgemini SE
13.11.1 Key Facts
13.11.2 Business Description
13.11.3 Products and Services
13.11.4 Financial Overview
13.11.5 SWOT Analysis
13.11.6 Key Developments
13.12 Atos SE
13.12.1 Key Facts
13.12.2 Business Description
13.12.3 Products and Services
13.12.4 Financial Overview
13.12.5 SWOT Analysis
13.12.6 Key Developments
13.13 Kyndryl Holdings Inc
13.13.1 Key Facts
13.13.2 Business Description
13.13.3 Products and Services
13.13.4 Financial Overview
13.13.5 SWOT Analysis
13.13.6 Key Developments
13.14 Avanade Inc.
13.14.1 Key Facts
13.14.2 Business Description
13.14.3 Products and Services
13.14.4 Financial Overview
13.14.5 SWOT Analysis
13.14.6 Key Developments
13.15 Integris
13.15.1 Key Facts
13.15.2 Business Description
13.15.3 Products and Services
13.15.4 Financial Overview
13.15.5 SWOT Analysis
13.15.6 Key Developments
13.16 Thrive Operations LLC
13.16.1 Key Facts
13.16.2 Business Description
13.16.3 Products and Services
13.16.4 Financial Overview
13.16.5 SWOT Analysis
13.16.6 Key Developments
13.17 Rimini Street, Inc.
13.17.1 Key Facts
13.17.2 Business Description
13.17.3 Products and Services
13.17.4 Financial Overview
13.17.5 SWOT Analysis
13.17.6 Key Developments
13.18 Neudesic, LLC
13.18.1 Key Facts
13.18.2 Business Description
13.18.3 Products and Services
13.18.4 Financial Overview
13.18.5 SWOT Analysis
13.18.6 Key Developments
14. Appendix
14.1 Word Index
14.2 About The Insight Partners
List of Tables
Table 1. IT Management as a Service Market Segmentation
Table 2. List of Vendors
Table 3. IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
Table 4. IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 5. IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million) – by Enterprise Size
Table 6. IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 7. North America: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 8. North America: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 9. North America: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 10. North America: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 11. United States: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 12. United States: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 13. United States: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 14. Canada: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 15. Canada: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 16. Canada: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 17. Mexico: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 18. Mexico: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 19. Mexico: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 20. Europe: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 21. Europe: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 22. Europe: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 23. Europe: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 24. United Kingdom: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 25. United Kingdom: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 26. United Kingdom: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 27. Germany: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 28. Germany: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 29. Germany: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 30. France: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 31. France: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 32. France: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 33. Italy: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 34. Italy: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 35. Italy: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 36. Russia: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 37. Russia: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 38. Russia: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 39. Rest of Europe: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 40. Rest of Europe: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 41. Rest of Europe: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 42. Asia Pacific: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 43. Asia Pacific: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 44. Asia Pacific: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 45. Asia Pacific: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 46. China: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 47. China: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 48. China: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 49. Japan: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 50. Japan: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 51. Japan: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 52. South Korea: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 53. South Korea: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 54. South Korea: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 55. India: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 56. India: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 57. India: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 58. Australia: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 59. Australia: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 60. Australia: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 61. Rest of APAC: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 62. Rest of APAC: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 63. Rest of APAC: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 64. Middle East and Africa: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 65. Middle East and Africa: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 66. Middle East and Africa: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 67. Middle East and Africa: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 68. United Arab Emirates: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 69. United Arab Emirates: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 70. United Arab Emirates: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 71. Saudi Arabia: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 72. Saudi Arabia: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 73. Saudi Arabia: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 74. South Africa: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 75. South Africa: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 76. South Africa: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 77. Rest of Middle East and Africa: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 78. Rest of Middle East and Africa: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million) – by Enterprise Size
Table 79. Rest of Middle East and Africa: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 80. South and Central America: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 81. South and Central America: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 82. South and Central America: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 83. South and Central America: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 84. Brazil: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 85. Brazil: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 86. Brazil: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 87. Argentina: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 88. Argentina: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 89. Argentina: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 90. Rest of South and Central America: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 91. Rest of South and Central America: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million) – by Enterprise Size
Table 92. Rest of South and Central America: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 93. Company Positioning & Concentration
Table 94. List of Abbreviation
List of Figures
Figure 1. IT Management as a Service Market Segmentation, by Geography
Figure 2. PEST Analysis
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. IT Management as a Service Market Revenue (US$ Million), 2021–2031
Figure 5. IT Management as a Service Market Share (%) – by Application (2023 and 2031)
Figure 6. System and Network Monitoring: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
Figure 7. Compliance and Security Management: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
Figure 8. Asset Management: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
Figure 9. Infrastructure Performance Management: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
Figure 10. Configuration and Change Management: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. Others: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
Figure 12. IT Management as a Service Market Share (%) – by Enterprise Size (2023 and 2031)
Figure 13. Large Enterprises: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
Figure 14. SMEs: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
Figure 15. IT Management as a Service Market Share (%) – by End User (2023 and 2031)
Figure 16. IT and Telecom: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
Figure 17. BFSI: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
Figure 18. Healthcare and Lifesciences: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
Figure 19. Manufacturing: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
Figure 20. Higher Education: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
Figure 21. Retail: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
Figure 22. Energy and Utilities: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
Figure 23. Non Profit: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
Figure 24. Others: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
Figure 25. IT Management as a Service Market Breakdown by Region, 2023 and 2031 (%)
Figure 26. North America: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million)
Figure 27. North America: IT Management as a Service Market Breakdown, by Application (2023 and 2031)
Figure 28. North America: IT Management as a Service Market Breakdown, by Enterprise Size (2023 and 2031)
Figure 29. North America: IT Management as a Service Market Breakdown, by End User (2023 and 2031)
Figure 30. North America: IT Management as a Service Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 31. United States: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million)
Figure 32. Canada: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million)
Figure 33. Mexico: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million)
Figure 34. Europe: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million)
Figure 35. Europe: IT Management as a Service Market Breakdown, by Application (2023 and 2031)
Figure 36. Europe: IT Management as a Service Market Breakdown, by Enterprise Size (2023 and 2031)
Figure 37. Europe: IT Management as a Service Market Breakdown, by End User (2023 and 2031)
Figure 38. Europe: IT Management as a Service Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 39. United Kingdom: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million)
Figure 40. Germany: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million)
Figure 41. France: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million)
Figure 42. Italy: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million)
Figure 43. Russia: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million)
Figure 44. Rest of Europe: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million)
Figure 45. Asia Pacific: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million)
Figure 46. Asia Pacific: IT Management as a Service Market Breakdown, by Application (2023 and 2031)
Figure 47. Asia Pacific: IT Management as a Service Market Breakdown, by Enterprise Size (2023 and 2031)
Figure 48. Asia Pacific: IT Management as a Service Market Breakdown, by End User (2023 and 2031)
Figure 49. Asia Pacific: IT Management as a Service Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 50. China: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million)
Figure 51. Japan: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million)
Figure 52. South Korea: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million)
Figure 53. India: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million)
Figure 54. Australia: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million)
Figure 55. Rest of APAC: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million)
Figure 56. Middle East and Africa: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million)
Figure 57. Middle East and Africa: IT Management as a Service Market Breakdown, by Application (2023 and 2031)
Figure 58. Middle East and Africa: IT Management as a Service Market Breakdown, by Enterprise Size (2023 and 2031)
Figure 59. Middle East and Africa: IT Management as a Service Market Breakdown, by End User (2023 and 2031)
Figure 60. Middle East and Africa: IT Management as a Service Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 61. United Arab Emirates: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million)
Figure 62. Saudi Arabia: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million)
Figure 63. South Africa: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million)
Figure 64. Rest of Middle East and Africa: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
Figure 65. South and Central America: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million)
Figure 66. South and Central America: IT Management as a Service Market Breakdown, by Application (2023 and 2031)
Figure 67. South and Central America: IT Management as a Service Market Breakdown, by Enterprise Size (2023 and 2031)
Figure 68. South and Central America: IT Management as a Service Market Breakdown, by End User (2023 and 2031)
Figure 69. South and Central America: IT Management as a Service Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 70. Brazil: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million)
Figure 71. Argentina: IT Management as a Service Market – Revenue and Forecast to 2031(US$ Million)
Figure 72. Rest of South and Central America: IT Management as a Service Market – Revenue and Forecast to 2031 (US$ Million)
Figure 73. Heat Map Analysis by Key Players
The List of Companies - IT Management as a service Market
- Cisco Systems Inc
- Cognizant Technology Solutions Corp
- Wipro Ltd
- Amazon Web Services Inc
- International Business Machines Corp
- Fujitsu Ltd
- Persistent Systems Ltd
- BMC Software, Inc.
- HCL Technologies Ltd
- Hewlett Packard Enterprise Co
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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