Jul 14, 2021 (The Expresswire) -- The global cloud IT service management market size is expected to reach USD 15.65 billion by 2027 while exhibiting a stellar CAGR of 18.2% between 2020 and 2027. This is attributable to the increasing focus on integrating advanced technologies such as artificial intelligence (AI) with cloud IT service management solutions across the globe. This information is published by Fortune Business Insights , in its latest report, titled, “ Cloud IT Service Management Market Share , Size, Share and COVID-19 Impact Analysis, By Component (Solution and Services), By Organization Size (Small and Medium Enterprises (SMEs) and Large Enterprises), By Industry (IT and Telecommunication, BFSI, Healthcare, Retail and Consumer Goods, Media and Entertainment, Manufacturing, Government and Public and Others) and Regional Forecast, 2020-2027.” The report observes that the market stood at USD 4.15 billion in 2019 and is projected to gain momentum in the forthcoming years.
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