As it has become extremely important to monitor and keep track of the IT assets of an organization, this sector is experiencing unparalleled growth. Market Research Future which concentrates on market reports linked to the Information and Communications Technology sector amongst others recently made available a report on this sector. The industry will diversify at a rapid pace due to high levels of revenue achieved by addressing the increased demand from consumer end.
The software for IT asset management will be instrumental for maintaining a track of the IT assets in the organization. Its advanced ability to collect information and tracking functions has increased the demand for this industry from the consumer end. The industry is primarily motivated by the increasing demand for IT asset management software that is cloud-based.
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
Dell Inc. (US),
Microsoft Corporation (US),
IBM Corporation (US),
BMC Software Inc. (US),
HP Inc. (US),
ServiceNow, Inc. (US)
Oracle Corp (US)
According to MRFR, Global IT Asset Management Software Market is estimated to grow at a CAGR of 8% during the forecast period 2017-2023
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.
Currently North America is dominating the market of IT Asset Management Software Market with the largest market share due to support from the US and Canada as these countries are well developed. Europe stands as second position in prospect of market share due to the heavy industrialization in past couple of years in various countries that belongs to this region. IT Asset Management Software Market in Asia-Pacific has emerged as fastest growing market with a substantial CAGR and expected to reach to astronomical amounts by the end of forecasted period. Currently Asia-Pacific holds a considerable market share.
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- 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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