Cloud ITSM Market Report 2023-2031 | Growth, Trends, Key Players & Regional Insights

The global Cloud IT Service Management (ITSM) market is experiencing rapid growth, driven by increasing adoption of cloud-based solutions and the need for efficient IT management across industries. Cloud ITSM solutions offer a wide range of benefits such as enhanced scalability, reduced costs, and seamless integration with existing IT systems. The market was valued at USD 8,150.12 Million in 2022 and is projected to reach USD 34,030.18 Million by 2031, growing at a Compound Annual Growth Rate (CAGR) of 17.2% from 2023 to 2031.