Global IT-as-a-service Market 2017-2021

Overview of the global IT-as-a-service market

Market research analysts at Technavio predict that the global IT as a service market will grow steadily at a CAGR of more than 22% by 2021. This market research analysis identifies the increased need for intra-department cost-benefit analysis as one of the primary growth factors for this market. The cumbersome allocation of budgets and the unequal usage of shared resources makes it difficult for the organization to estimate benefits between the departments. The key players in the market provide service catalog tools that create a service catalog and also enables users to order and consume IT services directly. Additionally, this tool also aids organizations to decipher the exact volume of the consumption of services listed in the catalog.

Enterprise mobility is gaining traction due to the increasing preference for  bring your own device (BYOD) since it enables the employees to use their personal devices for professional purposes. BYOD requires a specific management system and IT service delivery framework to guarantee electronically secure and productive work environments to access secure computer networks. The implementation of BYOD policy has increased the demand for cloud-based database management system with flexible storage system and quick access to data. According to this market research and analysis, the rise in adoption of bring your own device (BYOD) policy will be one of the key trends behind the growth of this market.

Competitive landscape and key vendors