IT Asset Management (ITAM) Software Market

Asset management software is a dedicated application used to track and record an asset throughout its life cycle, starting from procurement to disposal. The asset management software is used for management of both hardware and software assets. Asset management software is also called asset management tool. This includes a record of asset from its procurement to its disposal. In other words, it is a set of processes that enables a company to understand information regarding asset usage, location, and performance to take proper decisions at every phase of lifecycle. With ITAM software, an organization can manage its IT inventory efficiently and effectively at affordable cost and with enhanced productivity it provides various features such as vendor audit and policy compliance, optimization of costs for licensing, analyzing vendor performance, streamlining of procurement processes, and optimization of supplier portfolio. Asset management software offers various advantages such as maximum utilization and value of assets, service and asset management, proactive licensing compliance, etc.

Market Dynamics

Increasing need for centralization and automation in IT infrastructure to reduce the operation and IT assets cost is expected to drive the global IT asset management (ITAM) software market in the forecast period. Implementation of automation to a centralized IT environment allows constant monitoring of activities. Moreover, organization-wide centralization ITAM facilitates inventory visibility across the organization and helps in budgetary planning. Asset inventory management enables an organization to record and track when equipment is procured, to what extent it has been utilized and whether there is a lease lapsing on the asset. Moreover, it is the same case with software where it is necessary to stay up-to-date regarding the latest software and OS. It also provides information enabling advance planning for future asset requirements thereby capitalizing on existing asset utilization and minimizing unnecessary IT expenditures. It also allows managers to isolate any pertaining vulnerabilities and prevent major issues thereby ensuring compliance corporate security policies. Thus increasing 

Market Taxonomy

This report segments the global IT asset management (ITAM) software market on the basis of Company Size, Deployment, End-use Sector and region. On the basis of Enterprise Size, global IT asset management (ITAM) software market is segmented into SME, Large Enterprise. On the basis of Deployment, the global IT asset management (ITAM) software market is segmented into On Premise, Cloud and Hybrid. On the basis of End-use Sector, the global IT asset management (ITAM) software market is segmented into BFSI, Telecom and IT, Healthcare, Transportation, Government, Energy and Utilities and Manufacturing. On the basis of region, global IT asset management (ITAM) software market is segmented into North America, Latin America, Europe, Asia pacific, Middle East and Africa.

Key features of the study:

• This report provides an in-depth analysis of the global IT asset management (ITAM) software market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2019-2027), considering 2018 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
• It profiles leading players in the global IT asset management (ITAM) software market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered in the global IT asset management (ITAM) software market includes Snow Software, Hewlett Packard Enterprise Development LP, Oracle Corporation, BMC Software Inc., Aspera Technologies Inc., CA Technologies Inc., LANDESK Software, Broadcom Inc., ServiceNow Inc., Flexera Software LLC, and Cherwell Software Inc.
• These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
• The global IT asset management (ITAM) software market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global IT asset management (ITAM) software market.

Detailed Segmentation:

• Global IT Asset Management (ITAM) Software Market, By Enterprise Size:
• SME
• Large Enterprise
• Global IT Asset Management (ITAM) Software Market, By Deployment:
• On Premise
• Cloud
• Hybrid
• Global IT Asset Management (ITAM) Software Market, By End-use Sector:
• BFSI
• Telecom and IT
• Healthcare
• Transportation
• Government
• Energy and Utilities
• Manufacturing
• Global IT Asset Management (ITAM) Software Market, By Region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
• Company Profiles
• Snow Software*
• Company Overview
• Product Portfolio
• Financial Performance
• Key Strategies
• Recent Developments
• Future Plans
• Hewlett Packard Enterprise Development LP
• Oracle Corporation
• BMC Software Inc.
• Aspera Technologies Inc.
• CA Technologies Inc.
• LANDESK Software
• Broadcom Inc.
• ServiceNow Inc.
• Flexera Software LLC
• Cherwell Software Inc.

*Browse all the market data tables and figures on “Global IT Asset Management (ITAM) Software Market- Forecast to 2027”