global Next-generation IT Service Management (ITSM) Platform market| CAGR of 12.4%

According to a new report from Intel Market Research, the global Next-generation IT Service Management (ITSM) Platform market was valued at USD 50.9 million in 2024 and is projected to reach USD 142 million by 2032, growing at a CAGR of 12.4% during the forecast period (2024-2032). This growth is driven by accelerating digital transformation initiatives, rising demand for intelligent automation in IT operations, and the need for improved IT governance frameworks.

What is Next-generation ITSM?

Next-generation IT Service Management (ITSM) platforms represent the evolution of traditional service management solutions, integrating cutting-edge technologies like artificial intelligence, machine learning, and predictive analytics. These advanced platforms significantly enhance IT service delivery through features such as intelligent automation, real-time analytics, and self-service portals. By automating routine tasks and providing actionable insights, they enable organizations to achieve higher operational efficiency, improved service quality, and proactive issue resolution.

This comprehensive report provides an in-depth analysis of the global Next-generation ITSM Platform market, covering every critical aspect from macro market trends to detailed competitive intelligence. Our analysis includes market sizing, growth projections, technological trends, competitive benchmarking, and strategic recommendations for stakeholders.

The report helps industry participants understand the competitive dynamics while identifying opportunities for growth and innovation. It offers a structured framework for evaluating market positioning and includes detailed profiles of leading players with insights into their strategies, product offerings, and market share.

📥 Download Sample Report: Next-generation IT Service Management (ITSM) Platform Market – View in Detailed Research Report

Key Market Drivers

1. Digital Transformation Accelerating ITSM Modernization
   The global rush toward digital transformation remains the primary catalyst for Next-generation ITSM adoption, with enterprises increasingly prioritizing cloud-based service management solutions. Recent data shows enterprise adoption exceeding 65% among Fortune 500 companies, with year-over-year market growth reaching 18.7% in 2023. Organizations are recognizing that modern ITSM platforms serve as the operational backbone for digital initiatives, enabling seamless service delivery across hybrid environments.
2. AI and Automation Revolutionizing IT Operations
   The integration of AI-powered capabilities is transforming service management through:

• Intelligent automation reducing resolution times by up to 40%
• Predictive analytics enabling proactive issue prevention
• Conversational AI enhancing user experiences through natural language interfaces

Over 72% of enterprises now prioritize AI-driven features when selecting ITSM solutions, demonstrating the technology’s critical role in modern IT operations.

➤ “Next-generation ITSM platforms deliver measurable business value, reducing operational costs by 32% while improving system uptime by 28% on average” – Verified Market Data

Market Challenges

• Integration Complexities with Legacy Infrastructure – Approximately 58% of organizations report implementation challenges when connecting modern ITSM platforms with existing systems, extending deployment timelines by 22% on average.
• Technical Skills Shortage – The market faces a 34% deficit of certified professionals capable of managing advanced ITSM platforms, according to recent industry surveys.
• Budget Constraints – Economic uncertainties have caused 42% of mid-size enterprises to delay ITSM upgrades, with total ownership costs rising 19% since 2021.

Emerging Opportunities

The SME sector represents a significant growth frontier for Next-generation ITSM solutions, with adoption rates climbing at 27% annually. Cloud-based offerings with modular pricing models are enabling smaller organizations to access enterprise-grade capabilities. Regional markets like Asia-Pacific show particular promise, projected to grow at 31% through 2025, fueled by digital infrastructure development and increasing technology investments.

📥 Download Sample PDF: Next-generation IT Service Management (ITSM) Platform Market – View in Detailed Research Report

Regional Market Insights

• North America dominates with 38% market share, driven by strong enterprise adoption and technological innovation.
• Europe shows robust growth in GDPR-compliant solutions, particularly in the UK and Germany.
• Asia-Pacific emerges as the fastest-growing region, with China projecting a 15.2% CAGR.
• Latin America and MEA demonstrate accelerating adoption as digital transformation initiatives gain momentum.

Market Segmentation

By Type

• Cloud-based Solutions
• On-premises Platforms
• Hybrid Deployments

By Application

• Incident Management
• Problem Management
• Change Management
• Service Request Management
• Asset Management

By Organization Size

• SMEs
• Large Enterprises

By Vertical

• BFSI
• Healthcare
• IT & Telecom
• Government
• Retail
• Others

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

📘 Get Full Report Here: Next-generation IT Service Management (ITSM) Platform Market – View Detailed Research Report

Competitive Landscape

The Next-generation ITSM market features a mix of established technology leaders and innovative specialists. Wipro, ServiceNow, and BMC Software collectively hold significant market share, while emerging players like Rezolve.ai and EasyVista are carving niches through specialized solutions.

Key competitive differentiators include:

• AI and automation capabilities
• Cloud-native architectures
• Industry-specific functionality
• Integration ecosystem

The report provides detailed competitive analysis of 15+ major vendors, including their market positioning, product strategies, and growth trajectories.

Report Deliverables

• Global market size and forecast through 2032
• Comprehensive regional analysis
• In-depth technology trend assessment
• Competitive benchmarking
• Strategic recommendations
• SWOT and PESTLE analysis

📘 Get Full Report Here: Next-generation IT Service Management (ITSM) Platform Market – View Detailed Research Report

📥 Download Sample Report: Next-generation IT Service Management (ITSM) Platform Market – View in Detailed Research Report

About Intel Market Research

Intel Market Research is a leading provider of strategic intelligence, offering actionable insights in technology, digital transformation, and enterprise IT infrastructure. Our research capabilities include:

• Real-time competitive benchmarking
• Emerging technology tracking
• Vendor capability assessment
• Over 500+ technology reports annually

Trusted by Fortune 500 companies, our insights empower decision-makers to navigate complex technology landscapes with confidence.

🌐 Website: https://www.intelmarketresearch.com
📞 Asia-Pacific: +91 9169164321
🔗 LinkedIn: Follow Us