In a recent published report, Kenneth Research has updated the market report for Service Integration and Management (SIAM) Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Service Integration and Management (SIAM) Market products.
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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global Service Integration and Management (SIAM) Market is estimated to reach $6.25 billion by 2025; growing at a CAGR of 9.4% from 2017 to 2025. Service integration is the co-ordination of people, processes, tools & technology, data and governance across multiple suppliers, to ensure effective and efficient operations of the end-to-end service delivery to the business user. SIAM’s service management structure coordinates various roles across the organization such as forecasting business demand and receiving capability plans from IT service providers. SIAM’s coordination plays a very crucial role in all service management processes, which include delivery of new cross-supplier services, incident resolutions, and coordinated disaster recovery. SIAM technologies help the IT organization to create better business agenda, visibility, security, and proper control over the operation.
The growth of the global service integration and management (SIAM) Market is mainly driven by the factors such as cost-effectiveness of the SIAM model, and service quality enhancement due to multi-supplier management models. In addition, governance cost reduction and productivity improvements are also supporting the growth of the market. However, lack of uniform SLAs, skill & expertise, and regulatory compliance are some of the restraint that would hamper the market growth. Though, complexity of it services and rising number of service providers are expected to equally influence the overall growth of market during the forecast period.
The global service integration and management (SIAM) market is segmented on the basis of solution, service, organization size, vertical, and geography. Solution segment is categorized into technology solutions and business solutions. Service segment comprises automation services, implementation services and advisory services. By organization size, the market is segmented into SMEs and large enterprises. Further, vertical segment is classified into telecom, manufacturing, BFSI, retail, transportation & logistics, energy and utilities, and other verticals (healthcare and government).
Based on geography, global service integration and management (SIAM) market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico whereas Europe segment consist of UK, Russia, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
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The major key market players include Wipro Limited, Atos SE, Accenture, CGI Group Inc., FUJITSU, Oracle, Tata Consultancy Services Limited, Hewlett Packard Enterprise, HCL Technologies Limited, and Capgemini, among others.
The key takeaways from the report
The report will provide detailed analysis of Global Service Integration and Management (SIAM) Market with respect to major segments such as solution, service, organization size, industry vertical, and geography
The report will include the qualitative and quantitative analysis with market estimation over 2016 – 2025 and compound annual growth rate (CAGR) between 2017 and 2025
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Global Service Integration and Management (SIAM) Market has been included in the report
Profile of the key players in the Global Service Integration and Management (SIAM) Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Service Integration and Management (SIAM) Market
Solution Segments
Technology Solutions
Business Solutions
Service Segments
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Automation Services
Implementation Services
Advisory Services
Organization Size Segments
SMEs
Large Enterprises
Vertical Segments
Telecom
Manufacturing
BFSI
Retail
Transportation & Logistics
Energy and Utilities
Other Verticals (Include Healthcare and Government)
Geographical Segments
North America
U.S.
Canada
Mexico
Europe
UK
Russia
Germany
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
RoW
South America
Middle East
Africa
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