Market Highlights:
According to a recent study report published by the Market Research Future, The global IT Asset Management Software Market is booming and expected to gain prominence over the forecast period. The Market is forecasted to demonstrate a huge growth by 2027, surpassing its previous growth records in terms of value with a whooping CAGR during the anticipated period (2016 – 2027).
IT Asset Management Software refers to those software which are being used to monitor the IT assets in the organization. This software plays very vital role in the cost minimization and excess purchase of IT Assets. It involves the identification and deep collection of information about hardware and software which are being used in the organization and helps in the purchase decision. Currently this market has seen marvellous growth as every organization needs IT products for effective process and this software helps to monitor the IT Assets.
There is a potential scope for ITAM software Solutions to evolve further ahead of maintaining static inventory spreadsheets for desktops, laptops and servers to software, contracts and maintenance agreements and should empower IT departments to self-sufficiently manage the whole IT gamut effortlessly, states the MRFR Research Analyst while discussing upon the Market Analysis.
The major factors that help in the growth of IT asset management software market are the growing need for improving the productivity of the organization by deploying advanced technology to meet the business needs. Additionally, the reduced cost of software licensing by relocating non-utilized resources is expected to fuel the growth of the market. IT asset management can be categorized as hardware asset management, digital asset management, and software asset management.
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Major key Players
ServiceNow, Inc. (US), Microsoft Corporation (US), BMC Software Inc. (US), IBM Corporation (US), HP Inc. (US), Oracle Corp (US), Dell Inc. (US), LANDESK Software (US), Samanage Ltd. (US), and Symantec Corp. (US), are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global IT Asset Management Software Market.
According to MRFR, Global IT Asset Management Software Market is estimated to grow at a CAGR of 8% during the forecast period 2017-2023
Competitive Analysis
The businesses in this trade area are combining their resources to attain their vision for achieving a substantial portion of the business as early as possible. This has raised the possibilities for the approaching growth period significantly. The merchandise that are being provided presently differ greatly because of the rationale of the robust pace of technological discoveries. This consequence is productive for companies so they can aim to uphold their commercial enterprise’s liquidity to take the most effective decisions in terms of strategy execution and designing. The profitable situations accessible in this market are being utilized by candidates who are trying to increase their market coverage by focused development which can encourage the expansion of this business sector.
Segments
For the Better understanding of this report the Global IT Asset Management Software Market has been segmented in to 3 key dynamics.
Segmentation By Types : Comprises Hardware Asset Management And Software Asset Management
Segmentation By Deployment: Comprises On-Premise IT Asset Management Software, Cloud-Based IT Asset Management Software and Hybrid IT Asset Management Software.
Segmentation By Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Regional Analysis
The region wise division of the market for IT asset management software has been categorized into Europe, Asia Pacific, North America and Rest of the World. Presently, the North American region is controlling the industry for IT Asset Management Software with a market share of reasonable size owing to the backing from the Canadian and US markets as these countries are well industrialized. The European market has emerged in the second position in terms of market split owing to the intense industrialization in the past couple of years in diverse countries that are a part of this region. However, the IT asset management software industry in the Asia-Pacific region has emerged as one of the most swiftly expanding segments with an exceptional CAGR per cent and is anticipated to reach significant millions in revenue by the end of forecast period.
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Intended Audience
- Professional Service Provider
- Advisory firms
- Training Service Providers
- Support and Maintenance Service Providers
- Software Developers
- Procurement Managers
- Distribution Centers
- Manufacturing Companies
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