Increasing Adoption of Service Lifecycle Management Applications to Augment Growth of Service Lifecycle Management Application Market

Service Lifecycle Management Application Market


 Service lifecycle management is an important aspect of the overall service delivery process. The software helps you to measure customer satisfaction, reduce waste, improve customer retention and improve the company's ability to compete in today's marketplace. It is a complete system that integrates the strategic goals of your organization and the most effective approaches to deliver quality services while conserving resources. The main objective of service lifecycle management is to support the long-term sustainability of your company and help it achieve its goals in an increasingly competitive environment. To ensure your organization remains at the forefront of technology, you must be agile in your approach to technology.

Market Dynamics

Increasing adoption of service lifecycle management applications is expected to propel growth of the global service lifecycle management application market. For instance, in February 2021, Mobileum Inc., a provider of analytics-based roaming and network services, telco security, risk management, and testing and monitoring solutions, expanded its partnership with Developing Solutions, a privately held network testing firm that focuses on testing 3G/4G/5G wireless and IMS core interfaces.

R&D in automated service lifecycle management is expected to offer lucrative growth opportunities for players in the service lifecycle management application market. For instance, in April 2018, ADVA Optical Networking, a cloud and mobile services provider, and Amartus, software development and integration company, demonstrated automated service lifecycle management using MEF 3.0 architecture at MPLS + SDN + NFV WORLD in Paris. Moreover, launch of open-source service hubs is also expected to aid in growth of the market. For instance, in October 2020, Kubermatic, a Germany-based startup, launched an open-source tool called KubeCarrier that automates lifecycle management of services, applications, and hardware using Kubernetes Operators.

The global service lifecycle management application market is witnessing several M&A activities. For instance, in February 2021, Beyond Technologies acquired Ibridia, a provider of SAP solution manager/SAP application lifecycle management solutions for SMEs and large enterprises.

Competitive Analysis

Major players operating in the global service lifecycle management application market include, Dassault Systems, PTC, Inc., IBM Corporation, Tech Mahindra Limited, Astea International, Inc., Wipro Limited, Oracle Corporation, Siemens AG, SirionLabs, Mobileum Inc., Tata Consultancy Service Limited, and Atos SE.

Major players operating in the global service lifecycle management application market are focused on adopting partnership strategies to enhance their market share. For instance, in February 2021, SirionLabs partnered with KPMG, the audit, tax and advisory firm, for helping enterprises accelerate their business transformation journey to drive better outcomes in third party relationships.

Comments

Post a Comment

Popular posts from this blog

Bourbon Whiskey Is the Most Popular Whiskey in America and In Many Other Countries around the World

Image
  Whiskey or single malt whiskey is simply a form of distilled beverage made by distilling alcohol from grain mash or even by blending both. Different grains are utilized for different types, such as corn, barley, rye, and wheat. In Scotland, they call their whiskey black tea, a lighter caramel scotch, Irish cream, and liqueur. Whichever form is utilized, the result is usually a flavorful and smooth drink that has a distinct taste, and many people prefer a whiskey with a lower alcohol content. For example, single malt whiskey is the least expensive. The highest price however is the least distilled; that is Bourbon whiskey. Bourbon whiskey is the most popular whiskey in America and in many other countries around the world. Its price range is very wide, starting from as low as about US$ 12 a bottle to over a hundred dollars. So the price definitely varies. Whichever class you belong to, there is always a whiskey that will suit your preference. Single malt scotch whiskey is made ...
Read more

Viral Vectors And Plasmid DNA Manufacturing Market Is Gaining Major Traction With Oxford Biomedica Plc Entering Into A 3-Year Agreement With Boehringer Ingelheim For The Manufacture And Supply Of Various Types Of Viral Vectors

Image
  Viral Vectors are proteins that have been discovered to be essential for the spread of various viruses and infectious agents. These proteins can cause serious health risks if they are improperly introduced or if a wrong agent is used to fight them off. Viral vectors have often been used in various gene therapy procedures with the ultimate objective of curing various ailments in the biological fields of neurology, gene therapy, cancer, and metabolic disorder. Clinical studies regarding viral vectors remain one of the key factors in the manufacturing of viral vectors. Plasmids are used to deliver DNA contain genes for antibiotic resistance. In fact, scientists have developed many uses of plasmids and created software to record the DNA sequences of plasmids for applications in various techniques. Thus, such continuous R&D activities can potentially stimulate growth of the viral vectors and plasmid DNA manufacturing market . Recently, in April 2021, Oxford Biomedica plc entered...
Read more

Hard Surface Flooring Market Is Expected To Witness Robust Growth As Mohawk Industries Introduces Newly Imagined 30,000-Square Foot Floor Space At The International Surface Event (TISE)

Image
  There are many reasons why people choose hard surface floors over other types of flooring. Hard surfaces offer a level of durability and are very aesthetically pleasing. Unfortunately, choosing this type of flooring can be confusing and costly. There are four main hard surface varieties namely vinyl plank, laminate, solid hardwood, and engineered wood. Each has their own style strengths and provide different advantages. Increasing population coupled with rapid urbanization is expected to drive growth of the global hard surface flooring market . According to the United Nations (UN), by 2050, around 68% of the global population is expected to live in urban areas, increasing from 55% in 2018. According to the same source, in 2018, around 4.2 billion people were living in urban areas, increasing from 751 million in 1950. Furthermore, according to the World Bank, in 2019, the global population reached 7.674 billion, increasing from 6.84 billion in 2009. As a result of this, building...
Read more