Middle East IT Operations and Service Management Market Forecast to 2031 - Regional Analysis - by Type (Solution and Services), Application (Operation and Performance Management, Dashboard Reporting and Analytics, Configuration Automation and Discovery an

The Middle East IT operations and service management market was valued at US$ 1,443.72 million in 2023 and is expected to reach US$ 2,753.47 million by 2031; it is estimated to register a CAGR of 8.4% from 2023 to 2031.

Shift Toward Cloud-Based Solutions Boost Middle East IT Operations and Service Management Market

Businesses nowadays are becoming increasingly dependent on cloud services and applications due to the recent shift toward remote work. Cloud platforms provide access to cutting-edge technologies such as machine learning, big data analytics, and artificial intelligence, allowing enterprises to make better decisions and extract insightful information from collected data. Furthermore, more than half of enterprise IT spending will shift to the cloud by 2025. According to Spacelift, Inc., 84% of companies use the private cloud. Also, public cloud spending is expected to grow from less than 17% in 2021 to more than 45% in 2026. The growing adoption of cloud computing by organizations is raising the need for ITOSM solutions for cloud migration and deployment. After cloud migration, ITOSM providers help organizations manage cloud infrastructure, including provisioning, configuring, and managing cloud infrastructure components such as virtual machines and networks. Furthermore, ITOSM service providers assist in implementing plans to monitor cloud expenditure, offer cost-saving techniques, and guarantee that resources are optimized and used appropriately. Thus, the shift towards cloud-based solutions is likely to be a key trend in the IT operations and service management (ITOSM) market in the coming years.

Middle East IT Operations and Service Management Market Overview

Digital transformation is a key focus in the Middle East as governments of various countries in the region recognize the need to adapt to the digital age and leverage technology for economic diversification and sustainability. Many Gulf Cooperation Council (GCC) nations are implementing ambitious economic diversification initiatives aimed at reducing their dependency on oil and gas. Governments of various countries such as Bahrain, Saudi Arabia, and the UAE in the Middle East are playing a crucial role in driving digital transformation through initiatives and investments, as well as extensive use of sophisticated technology. For example, the government of Saudi Arabia launched Saudi Vision 2030 to attain the objective of enhanced economic, social, and cultural diversity. The Saudi Vision 2030, led by Crown Prince Mohammed bin Salman, places a strong emphasis on digital transformation that drives innovation, diversification, and inclusive growth. Thus, such initiatives in the region are anticipated to propel the market over the forecast period.

Middle East IT Operations and Service Management Market Revenue and Forecast to 2031 (US$ Million)

Middle East IT Operations and Service Management Market Segmentation

The Middle East IT operations and service management market is categorized into type, application, deployment, enterprise size, industry, and country.

Based on type, the Middle East IT operations and service management market is bifurcated into solution and services. The solution segment held a larger Middle East IT operations and service management market share in 2023.

In terms of application, the Middle East IT operations and service management market is segmented into operation and performance management, dashboard reporting and analytics, configuration automation and discovery and others. The operation and performance management segment held the largest Middle East IT operations and service management market share in 2023.

By deployment, the Middle East IT operations and service management market is divided into cloud and on premises. The cloud segment held a larger Middle East IT operations and service management market share in 2023.

Based on enterprise size, the Middle East IT operations and service management market is bifurcated into large enterprises and SMEs. The large enterprises segment held a larger Middle East IT operations and service management market share in 2023.

By industry, the Middle East IT operations and service management market is segmented into IT and telecom, BFSI, healthcare, manufacturing, government and others. The IT and telecom segment held the largest Middle East IT operations and service management market share in 2023.

By country, the Middle East IT operations and service management market is segmented into the UAE, Saudi Arabia, Qatar, Oman, Bahrain, and the Rest of Middle East. The UAE dominated the Middle East IT operations and service management market share in 2023.

Fujitsu Ltd; Oracle Corp; BMC Software, Inc.; Happiest Minds; ServiceNow Inc; NTT Data Corp; PROV INTERNATIONAL INC.; Alnafitha IT; and International Business Machines Corp. are some of the leading companies operating in the Middle East IT operations and service management market.

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