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Service Integration and Management (SIAM) Market And its Growth prospect in the Near Future

A key driving factor of the SIAM market is the provision of service quality improvement leading to process efficiency. The adoption of SIAM results in the improvement of service quality, which encourages the companies to shift their focus from achieving the routine contractual targets to service enhancement and research & development.

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Service Integration and Management (SIAM) Market And its Growth prospect in the Near Future

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  1. Chemicals & Materials Service Integration and Management (SIAM) Market to Witness the Highest Growth Globally in Coming Years © P&S Intelligence. All rights reserved 1

  2. In 2017, the global service integration and management (SIAM) market reached a value of $2,995.3 million and is projected to advance at a 9.4% CAGR during the forecast period (2018–2023). Service quality enhancement leading to process efficiency and cost efficiency and value enhancement are the major factors resulting in the growth of the market. The governance, management, and coordination of services, such as IT and business, which are provided by multiple suppliers and integration of these services for providing solo business-facing service model is referred to as SIAM. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market- analysis/service-integration-and-management-market/report-sample When service is taken into consideration, the SIAM market is categorized into integration & automation, consulting & implementation, and assessment & advisory. Out of these, the consulting & implementation category dominated the market during the historical period (2013–2017) and is further predicted to hold the largest share of © P&S Intelligence. All rights reserved 2

  3. the market during the forecast period. The integration & automation and assessment & advisory categories are expected to grow at a faster pace than consulting & implementation category during the forecast period. In terms of industry, the SIAM market is divided into banking, financial services, and insurance (BFSI), energy & utility, telecom & IT, retail & manufacturing, transportation & logistics, and others (which include healthcare, government, and life sciences). Among these, the telecom & IT industry held the largest share of the market during the historical period and is predicted to retain its position during the forecast period. The reason for this is the increased complexity of IT services and the growing number of service providers around the world. Make Enquiry Before Purchase @ https://www.psmarketresearch.com/send- enquiry?enquiry-url=service-integration-and-management-market A key driving factor of the SIAM market is the provision of service quality improvement leading to process efficiency. The adoption of SIAM results in the improvement of service quality, which encourages the companies to shift their focus from achieving the routine contractual targets to service enhancement and research & development. Due to enhanced service quality, enterprises can achieve consistency in meeting their service-level targets, including resolving problems on time and end-to- end service reliability and availability. Furthermore, improved service quality results in increased customer satisfaction, which is why organizations are adopting SIAM models. © P&S Intelligence. All rights reserved 3

  4. Disclaimer: P&S Intelligence always keeps its customers’ interests at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations, as it is based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided by the key industry players of the concerned domain. The information or analysis in P&S Intelligence publications represents opinions based on research and should not be interpreted as statements of fact. Information in this report was believed to be correct at the time of publication, but cannot be guaranteed. P&S Intelligence does not endorse any product, service, or vendor depicted in its research publications. All intellectual properties, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance can these be reproduced in any form without prior written agreement of their owners. An order for market research report is intended for internal use of the company only and not for disclosure to third parties or any other publication in general. No service, report, or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including but not limited to, all forms of optical-based media, magnetic, electronic, or digital, without a written permission from Prescient & Strategic Intelligence Pvt. Ltd. Kindly write to: enquiry@psmarketresearch.com B-13, Sector – 2, Noida, U.P. – 201301, INDIA Contact No: +91 120 4541 337 US/Canada Toll-Free: 1-888-778-7886 © P&S Intelligence. All rights reserved 4

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