Chicago, April 08, 2024 (GLOBE NEWSWIRE) -- The Service Integration And Management Market size is expected to grow from USD 4.8 billion in 2023 to USD 6.0 billion by 2028 at a compound annual growth rate (CAGR) of 4.3% during the forecast period, according to a new report by MarketsandMarkets™.  Browse in-depth TOC on "Service Integration And Management Market" 328 - Tables 74 - Figures 399 - Pages Download Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=243697815 Service Integration and Management Market Dynamics: Drivers: Growing demand for unified service management platforms Increasing complexities in service management across industries Increased spending on public cloud Rising demand for multi-vendor outsourcing Restraints: Lack of skilled professionals Data security and privacy concerns Opportunities: Advent of big data and analytics Rising government investment in digitalization Rapid globalization List of Key Players in Service Integration and Management Market: IBM HCLTech Wipro Fujitsu Atos TCS DXC Technology CGI Infosys LTIMindtree  The service integration and management market is driven by the growing complexity of IT ecosystems in organizations, which requires a more structured and comprehensive approach to service management. As businesses increasingly rely on a combination of in-house and external service providers, they need a way to coordinate and streamline these services to ensure they work together seamlessly. Service integration and management provide a framework to achieve this. Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=243697815 Secondly, the need for agility and flexibility is pushing organizations to adopt service integration and management practices. In today's fast-paced business environment, companies must be able to adapt quickly to changing market conditions. Service integration and management allow organizations to manage their service providers more effectively, making it easier to scale services up or down as needed, implement new technologies, and respond to customer demands rapidly. Thirdly, service integration and management help businesses establish clear governance structures, service level agreements (SLAs), and performance metrics for their service providers, ensuring they deliver the expected value and quality. The component segment of the service integration and management market is segmented into solutions and services. The solutions segment is estimated to hold the largest market share during the forecasted period. The solutions segment in the service integration and management market is pivotal in enabling organizations to manage and streamline their diverse IT services effectively. This solutions segment is divided into business solutions and technology solutions. Moreover, SIAM is a framework designed to address the challenges of managing multiple service providers and integrating their services seamlessly within an organization. The solutions ...