The global service integration and management market size to grow at a Compound Annual Growth Rate (CAGR) of 5.7%
BAE SYSTEMS PLC S/ADR (BAESY)
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Source: PR Newswire
NEW YORK, Sept. 20, 2018 /PRNewswire/ -- Read the full report: https://www.reportlinker.com/p05090297 The global service integration and management (SIAM) market size is expected to grow from USD 3.67 billion in 2018 to USD 4.85 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 5.7% during the forecast period. Major growth factors for the market include increasing complexities of service management, growing use of cost-effective SIAM framework, and a growing demand for multi-vendor outsourcing. However, lack of uniform Service-Level Agreements (SLAs) and stringent regulations could restrain the market growth.Services component segment to grow at a higher CAGR during the forecast periodServices play a vital role in the overall SIAM market, as these services help enterprises in the effective functioning of the entire IT infrastructure system, along with specific advisory and implementation services for digital transformation of business processes.SIAM helps seamlessly integrat
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