Security News > 2020 > December > Cloud ITSM market size to grow to $12.2 billion by 2025
2020-12-18 04:00
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.
Increased cloud adoption of cloud among SMEs is driving the cloud ITSM market.
The cloud ITSM market for SMEs is expected to gain traction as it provides flexibility and scalability along with reduced costs.
North America is a developed market due to the presence of many players offering cloud ITSM solutions.
The increasing budgets are favoring the growth of the cloud ITSM market in North America.
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