IT Asset Management Software Market, By Type, By Deployment Type, By End-use Industry, By Geography

Description

The Global IT Asset Management (ITAM) software Market is estimated to be valued at US$ 2.17 Bn in 2024 and is expected to reach US$ 3.28 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 2.17 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	6.10%	2031 Value Projection:	US$ 3.28 Bn

Figure. IT Asset Management (ITAM) software Market Share (%), By Region 2024

IT Asset Management Software Market - IMG1

Global IT Asset Management (ITAM) software refers to solutions that enable organizations to gain increased visibility, control and optimize their Information Technology assets portfolio. With an increasing number of devices and technologies being utilized within enterprises, ITAM software helps streamline asset lifecycle processes including procurement, deployment, inventory management and disposals. These solutions offer capabilities for hardware and software license tracking, contract and subscription management, inventory scanning and vulnerability assessments. Given the rising complexity of today's IT ecosystems comprised of diverse vendor products, an integrated ITAM platform is crucial for IT leaders to achieve financial and operational efficiencies.

Market Dynamics:

The Global IT Asset Management (ITAM) Software Market is driven by the growing need for organizations to strengthen IT governance and control escalating operational costs. As BYOD trends continue and remote work becomes mainstream, controlling the sprawl of assets has become imperative for businesses. Additionally, strict compliance norms and increasing audits are prompting enterprises to adopt formal processes for tracking software licenses and subscription renewals. However, high upfront investment required for implementation and maintenance of dedicated ITAM solutions restricts their adoption to some extent. Emergence of cloud-based and AI-powered versions is opening new profitable avenues by addressing these budgetary concerns and offering enhanced capabilities. Ongoing digital transformations across end-user industries are further fueling investments to streamline aging on-premise infrastructures.

Key features of the study:

This report provides in-depth analysis of the global IT Asset Management software market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global IT Asset Management software market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Altaro Software, Atlassian, BMC Software Inc., Cherwell Software, Deloitte, Flexera Software LLC, Hewlett Packard Enterprise Development LP, IBM Corporation, JustSAMIt, Microsoft Corporation, Oracle Corp., Samanage, Scalable Software, ServiceNow Inc., Snow Software
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global IT Asset Management software market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global IT Asset Management software market.

Detailed Segmentation:

By Type
- Hardware
- Software
By Deployment Type
- Cloud
- On-premise
By End-use Industry
- IT and Telecom
- BFSI
- Healthcare
- Retail
- Manufacturing
- Government
- Others
By Regional
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players Insights
- Altaro Software
- Atlassian
- BMC Software Inc.
- Cherwell Software
- Deloitte
- Flexera Software LLC
- Hewlett Packard Enterprise Development LP
- IBM Corporation
- JustSAMIt
- Microsoft Corporation
- Oracle Corp.
- Samanage
- Scalable Software
- ServiceNow Inc.
- Snow Software

Product Code: CMI3768

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Type
- Market Snippet, By Deployment Type
- Market Snippet, By End-use Industry
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of COVID-19 Pandemic

4. Global IT Asset Management (ITAM) software Market, By Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Hardware
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Software
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

5. Global IT Asset Management (ITAM) software Market, By Deployment Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Cloud
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
On-premise
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

6. Global IT Asset Management (ITAM) software Market, By End-use Industry, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
IT and Telecom
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
BFSI
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Healthcare
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Retail
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Manufacturing
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Government
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

7. Global IT Asset Management (ITAM) software Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
North America
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Deployment Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - U.S.
  - Canada
Europe
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Deployment Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - U.K.
  - Germany
  - France
  - Russia
  - Rest of Europe
Asia Pacific
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Deployment Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Latin America
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Deployment Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Deployment Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - South Africa
  - GCC Countries
  - Rest of the Middle East & Africa

8. Competitive Landscape

Company Profiles
- Altaro Software
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Atlassian
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- BMC Software Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Cherwell Software
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Deloitte
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Flexera Software LLC
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Hewlett Packard Enterprise Development LP
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- IBM Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- JustSAMIt
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Microsoft Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Oracle Corp.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Samanage
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Scalable Software
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- ServiceNow Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Snow Software
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Research Methodology

References
Research Methodology
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