New York, According to a new market research report published by Global Insight Services “IT Asset Management Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
The Information Technology Asset Management (ITAM) industry is composed of best practices, processes, and people that manage an organization’s technology assets throughout their entire lifecycle. The goal of ITAM is to optimize an organization’s investment in technology, align IT assets with business objectives, and mitigate risks associated with IT assets.
ITAM includes the full spectrum of activities required to manage an organization’s IT assets, from acquisition and deployment through retirement and disposal. These activities must be carried out in a coordinated manner in order to be effective.
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Key Trends
There are a few key trends in IT asset management technology:
1. The move towards cloud-based solutions: More and more businesses are moving their IT infrastructure to the cloud, and asset management solutions are following suit.
2. The rise of mobile asset management: With the proliferation of smartphones and tablets, mobile asset management solutions are becoming increasingly popular. These solutions allow users to track and manage their assets from anywhere, at any time.
Key Drivers
There are a number of key drivers of the IT Asset Management market.
Firstly, the need to manage and monitor IT assets more effectively has never been greater. With the ever-increasing complexity of IT systems and the reliance of businesses on these systems, it is essential that companies have a clear and concise view of their IT assets.
Secondly, the growth of cloud computing and virtualization has led to a need for IT asset management solutions that can provide visibility and control over these new technologies.
Finally, the increasing regulation and compliance requirements placed on businesses, particularly in relation to data privacy, have created a need for IT asset management solutions that can help businesses to meet these requirements.
Market Segments
The IT asset management market is segmented by deployment, end-user, and region. By deployment, the market is classified into on-premise, cloud-based, and hybrid. Based on the end-user, it is bifurcated into BFSI, telecom, IT, retail, manufacturing, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
Key Players
The global IT asset management market includes players such as Dell Inc., Microsoft Corporation, IBM Corporation, BMC Software Inc., HP Inc., ServiceNow Inc., Oracle Corp, Flexera Software LLC, Ivanti, Aspera Technologies Inc., and others.
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Reasons to buy IT Asset Management Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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