IT Service Management (ITSM) Software Market Size is expected to be valued at USD 2.5 billion in 2022 and grow at a 12.1% CAGR over the forecast period. Standardization and Integration, enhanced ROI, easier visualization, cost reduction, assets management act as drivers to the global market. There are few restrain which hung the growth such as integration issues and scalability issues. Better employee performance assessment and ITSM for Security provide significant opportunities to the global IT service management (ITSM) software market. The report studies the market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global IT service management (ITSM) software market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global IT service management (ITSM) software market.
In June 2020, ServiceNow to expand its data center capacity in the UK and Ireland. ServiceNow is developing new data center facilities in two locations: Newport, UK, and Dublin, Ireland. This expansion will increase the company’s footprint in Europe and continue to ensure the scalability of its cloud services.