World News: 09:13 GMT Friday 14th September 2018. [Research and Markets via Globe Newswire via SPi World News]
Dublin, Sept. 14, 2018 (GLOBE NEWSWIRE) -- The report has been added to offering. The service integration and management market is expected to reach $5.1 billion by 2023.Cost reduction, value enhancement, and service quality enhancement leading to process efficiency are the major factors responsible for the high growth of the global service integration and management market. Improvement in service quality leads to smoother flow of end-to-end processes, which include maintaining coordination between the customer organization and service providers and enabling the customer organization to easily switch between the service providers, if needed, to ensure quality. This not only ensures consistent management of services and access to top-notch service technologies but also allows sharing of knowledge and continual improvement in services.The service integration and management market is categorized into technology and business; of which, the business category is projected to witness higher growth during the forecast period. This is because of the increasing investments in governance strategies and procurement activities by many global players. Based on the organization type, large enterprises are expected to continue generating a larger share of the service integration and management revenues, as compared to small and medium enterprises (SMEs).On the basis on service, the service integration and management market has been categorized into consulting and implementation; assessment and advisory; and integration and automation. Among these, consulting and implementation services are expected to continue holding the largest share in the market in the coming years. Based on industry, the market is divided into telecom and IT; BFSI; retail and manufacturing; energy and utility; and transportation and logistics, out of which, the telecom and IT industry is expected to continue generating the largest revenue in the market in the coming years.Europe is expected to continue being the largest service integration and management market in the forthcoming years, on account of the growing need of organizations to adapt their IT system infrastructure to the changing information services environment. Because of the increasing usage of SaaS and IaaS cloud services by the European companies, the demand for the service integration and management model is also growing in the region.Some of the key players operating in this market are Oracle Corporation, Hewlett Packard Enterprise (HPE), International Business Machines Corporation (IBM), HCL Technologies Limited, Infosys Limited, Mindtree Limited, Capgemini SE, and Atos SE. 1.1 Research Objectives1.2 Market Definition1.3 Research Scope1.4 Key Stakeholders2.1 Secondary Research2.2 Primary Research2.3 Market Size Estimation2.4 Data Triangulation2.5 Assumptions For The Study4.1 Definition Of Market Segments4.1.1 By Solution126.96.36.199 Business188.8.131.52.1 Procurement184.108.40.206.2 Auditing And Invoicing220.127.116.11.3 Contract Management18.104.22.168.4 Grc Management22.214.171.124 Technology126.96.36.199.1 Application188.8.131.52.1.1 Development184.108.40.206.1.2 Testing220.127.116.11.1.3 Lifecycle Management18.104.22.168.2 Infrastructure22.214.171.124.2.1 Data Center126.96.36.199.2.2 Security188.8.131.52.2.3 Mobility184.108.40.206.2.4 Network220.127.116.11.2.5 Others18.104.22.168.3 Training And Support4.1.2 By Organization Type22.214.171.124 Large Enterprise126.96.36.199 Small And Medium Enterprise (Sme)4.1.3 By Service188.8.131.52 Assessment And Advisory184.108.40.206 Consulting And Implementation220.127.116.11 Integration And Automation4.1.4 By Industry4.2 Siam Evolution4.3 Siam Roadmap4.4 Siam Tower Model4.5 Key Elements To Siam In Real World4.6 Supply Chain Analysis4.7 Siam Success Strategies4.8 Considerations For Effective Siam4.9 Siam Success Factors4.10 Siam Challenging Areas4.11 Drivers For Adopting Siam4.12 Impact Of Siam On The Overall Cost Structure4.12.1 Reduced Governance Costs4.12.2 Standardization Benefits4.12.3 Productivity Enhancement4.12.4 Business-It Alignment4.13 Market Dynamics4.13.1 Trends18.104.22.168 Increasing Adoption Of Grc Management Solutions4.13.2 Drivers22.214.171.124 Service Quality Enhancement Leading To Process Efficiency126.96.36.199 Cost Efficiency And Value Enhancement188.8.131.52 Impact Analysis Of Drivers On Market Forecast4.13.3 Restraints184.108.40.206 Rising Management Issues In Cross-Functional Teams220.127.116.11 Lack Of Standardized And Efficient Integrated Siam Process18.104.22.168 Divergent Tooling Preferences Of Different Service Providers22.214.171.124 Impact Analysis Of Restraints On Market Forecast4.13.4 Opportunities126.96.36.199 Lack Of Flexibility In Business Models4.14 Future Outlook4.15 Porter's Five Forces Analysis4.15.1 Bargaining Power Of Buyers4.15.2 Bargaining Power Of Suppliers4.15.3 Intensity Of Rivalry4.15.4 Threat Of New Entrants4.15.5 Threat Of Substitutes5.1 By Solution5.1.1 Technology Solution Market, By Type188.8.131.52 Infrastructure Technology Solution Market, By Type184.108.40.206 Application Technology Solution Market, By Type5.1.2 Business Solution Market, By Type5.2 By Service5.3 By Organization Type5.4 By Industry5.5 By Region6.1 By Solution6.1.1 Technology Solution Market, By Type220.127.116.11 Infrastructure Technology Solution Market, By Type18.104.22.168 Application Technology Solution Market, By Type6.1.2 Business Solution Market, By Type6.2 By Service6.3 By Organization Type6.4 By Industry6.5 By Country11.1 Global Strategic Developments Of Key Players11.2 Global Infrastructure Outsourcing Players Competitive Analysis
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Globe Newswire: 09:13 GMT Friday 14th September 2018
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