According to a new market report added by Market Research HUB titled ‘IBM Bluemix Services Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026″, the global IBM Bluemix services market is expected to reach US$ 38,847 Mn by 2026. The market is projected to expand at a CAGR of 24.55% during the forecast period from 2018 to 2026.
According to the report, the global IBM Bluemix services market will continue to be influenced by the increasing adoption of IBM Bluemix services across a wide range of end-users such as BFSI, IT & telecom, healthcare, media & entertainment, among others. Asia Pacific region is projected to be at the forefront of global demand, with the market in the region expanding at a CAGR above 26%during the forecast period.
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Watson segment to expand at a rapid pace throughout the forecast period
The global IBM Bluemix services market can be segmented based on application type into DevOps, application services, analytics, Watson, mobile, IoT, and others. These different applications of IBM Bluemix services have several benefits associated with them, which promotes their usage.
For instance, DevOps services focuses on reduction of the downtime of redeploying applications so they are increasingly used for development of applications. The Watson segment is expected to expand rapidly as it allows the successful integration of powerful AI into applications developed by developers.
Furthermore, IBM is introducing several services in the Watson and AI segments in order to stay ahead in the PaaS space. In January 2018, IBM announced a partnership with Mendix, a low code software platform.
The partnership is expected to bring Mendix’s services to the IBM cloud, and the company plans to integrate them with its own tools. Through this move, IBM hopes to attract more users to its portfolio.
This report analyzes and forecasts the market forIBM Bluemix Servicesat the global and regional level. The market has been forecasted based on revenue (US$ Mn) from 2018 to 2026.
The study includes drivers and restraints of the global IBM Bluemix Servicesmarket. It also covers the impact of these drivers and restraints for IBM Bluemix Servicesduring the forecast period.
The report comprises a detailed ecosystem analysis, which provides a comprehensive view of the global IBM Bluemix Servicesmarket. The study encompasses market attractiveness analysis, wherein, end-users are benchmarked based on their market size, growth rate, and general attractiveness.
North America is expected to continue to hold significant share in the overall market
North America is expected to hold a prominent share of the IBM Bluemix services market during the forecast period. This is mainly due to the booming IBM Bluemix services marketplace with the presence of well-established partners of IBM Bluemix across the region.
Furthermore, North America is witnessing significant adoption of IBM Bluemix services by the continuously expanding IT industry.
IBM Bluemix services are gaining popularity across Asia Pacific, especially in economies such as China, Japan, and India. Rise in awareness in the region pertaining to the advantages associated with the different services offered by IBM Bluemixis expected to fuel the IBM Bluemix services market in the region.
China is projected to hold a significant market share owing to rise in the number of players in the region who are readily opting for partnerships with IBM and want to benefit from IBM Bluemix services.
Tata Consultancy Services Limited, Infosys Limited, Capgemini, Robert Bosch GmbH, Datamato Technologies Pvt. Ltd., Prolifics, Inc., Tech Mahindra Limited, Perficient Inc., Wipro Limited, and DXC Technology Company are some of the major players operating in the IBM Bluemix services market profiled in this study.
Details such as financials, business strategies, recent developments, product implementation expertise, key contracts, certified professionals, IBM Bluemix services offerings, and other such strategic information pertaining to these players have been duly provided as part of company profiling.
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