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ServiceNow’s Rapid Rise Empowers Australian Enterprises
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary
ServiceNow's growth in Australia is outpacing the global market, as detailed in the 2023 ISG Provider Lens™ report. The report highlights a 23% increase in ServiceNow's global revenue for 2022, with local anecdotal evidence suggesting even stronger performance in Australia. As companies prioritize workflow automation and digital transformation, the demand for integrated solutions beyond single modules is rising. The report evaluates 28 providers, identifying leaders such as Accenture and Deloitte. Additionally, rising stars include AC3 and Kinetic IT, indicating a dynamic and competitive ecosystem.
Positive
ServiceNow's global revenue increased by 23% in fiscal 2022.
Australian ServiceNow market growth is reportedly exceeding global rates.
Strong focus on workflow automation and digital transformation among enterprises in Australia.
Rising demand for integrated solutions indicates healthy market dynamics.
ISG identifies multiple leaders and rising stars in the local ecosystem.
Negative
None.
ServiceNow ecosystem and client requirements are maturing as companies pursue workflow automation, digital transformation, ISG Provider Lens™ report says
SYDNEY--(BUSINESS WIRE)--
A fast-growing and rapidly maturing ServiceNow ecosystem in Australia has enabled many enterprises to optimize their operations and improve business results, according to a new research report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm.
The 2023 ISG Provider Lens™ ServiceNow Ecosystem Partners report for Australia finds that, in 2022, the ServiceNow market appears to have grown even faster in Australia than it did globally. The vendor’s global revenue grew by 23 percent in fiscal 2022, and though ServiceNow does not break out figures for Australia, anecdotal evidence from ServiceNow partners, clients and others indicates the local ecosystem is booming even more than that, ISG says.
“ServiceNow is one of the biggest enterprise technology success stories of the past few years,” said Michael Gale, ISG partner. “It enables change in enterprise IT, which has become a top priority for most companies in Australia.”
ServiceNow’s growth in Australia in 2022, a continuation of the trend ISG reported in its 2021 report, resulted from both ongoing digital transformation at Australian enterprises and continued expansion of the platform’s capabilities, the report says. Companies are no longer buying single ServiceNow modules, so they require integration in areas such as security, processes and IT service and operations management.
Organizations in Australia are focusing on enterprise service management, especially through workflow automation, as they work to contain costs while improving customer and employee experience and business outcomes, ISG says. The power of ServiceNow to accelerate the automation of IT, HR, customer support, security and compliance makes it a compelling value proposition for companies navigating the disruptive business environment of recent years.
Flexibility, scalability and relative ease of use are also driving ServiceNow’s growth in Australia, the report says. Relatively easy configuration and ease of use by non-technical employees are important criteria for enterprises embarking on transformations.
“Configuration enables workflow solutions to meet the needs of individual clients rather than the needs of the software,” said Jan Erik Aase, partner and global leader, ISG Provider Lens Research. “Providers play a major role in making ServiceNow deployments work for each enterprise.”
Rapid expansion has made the ServiceNow partner ecosystem extremely dynamic both locally and globally, ISG says. In Australia, as in other countries, providers are scrambling and competing to build out resources to meet the rising demand.
The report also explores several other trends in the Australian ServiceNow ecosystem, such as increasing mergers and acquisitions and a set of challenges ServiceNow faces in building its ecosystem.
The 2023 ISG Provider Lens™ ServiceNow Ecosystem Partners report for Australia evaluates the capabilities of 28 providers across three quadrants: ServiceNow Consulting Services, ServiceNow Implementation and Integration Services, and ServiceNow Managed Services Providers.
The report names Accenture, Capgemini, Deloitte, Enable and Infosys as Leaders in all three quadrants. It names HCLTech, Kinetic IT, KPMG, Thirdera and Wipro as Leaders in two quadrants each. AC3, Cognizant, EY and TCS are named as Leaders in one quadrant each.
In addition, AC3, Kinetic IT and KPMG are named as Rising Stars — companies with a “promising portfolio” and “high future potential” by ISG’s definition — in one quadrant each.
Customized versions of the report are available from AC3 and Kinetic IT.
The 2023 ISG Provider Lens™ ServiceNow Ecosystem Partners report for Australia is available to subscribers or for one-time purchase on this webpage.
About ISG Provider Lens™ Research
The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. For more information about ISG Provider Lens research, please visit this webpage.
A companion research series, the ISG Provider Lens Archetype reports, offer a first-of-its-kind evaluation of providers from the perspective of specific buyer types.
About ISG
ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 900 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,600 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com.
Julianna Sheridan, Matter Communications for ISG +1 978-518-4520
isg@matternow.com
Source: Information Services Group, Inc.
FAQ
What did the 2023 ISG Provider Lens report say about ServiceNow in Australia?
The report indicates that the ServiceNow ecosystem in Australia is growing faster than the global market, with significant demand for workflow automation and integrated solutions.
How much did ServiceNow's global revenue grow in 2022?
ServiceNow's global revenue grew by 23% in fiscal 2022.
Who were the leaders identified in the ISG Provider Lens report for ServiceNow ecosystem partners?
Leaders include Accenture, Capgemini, Deloitte, Enable, and Infosys, according to the report.
What trends were noted in the Australian ServiceNow ecosystem?
The report notes trends of increasing mergers and acquisitions, along with a growing focus on workflow automation among companies.
Which companies were named as rising stars in the ISG report?
AC3, Kinetic IT, and KPMG were identified as rising stars in the ISG report.
