Cloud ITSM market size to grow to $12.2 billion by 2025

Read the original article: Cloud ITSM market size to grow to $12.2 billion by 2025


The cloud ITSM market size is expected to grow from $4.7 billion in 2020 to $12.2 billion by 2025, at a CAGR of 21.2% during the forecast period, according to MarketsandMarkets. The flexibility and agility of cloud-based models would support the IT service needs of enterprises. The leading CSPs/hyperscalers—Microsoft, IBM, and AWS—are expected to increase their CapEx primarily for data center expansion to support the increasing workload for their internal and external stakeholders. The increasing … More

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Read the original article: Cloud ITSM market size to grow to $12.2 billion by 2025