Press release
IT Asset Management Software Market to witness growth opportunities worth USD 1.84 Bn.by 2029 at a CAGR of 6.8 percent
IT Asset Management Software Market
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IT Asset Management Software Market Report Scope and Research Methodology
The report aims to provide a thorough assessment of the market, including insightful facts, historical data, industry-validated market data, and projections based on a suitable set of assumptions and methodology.
The report also analyzes the dynamics of the IT asset management software market, and its structure by identifying and analyzing market segments and projecting the global market size. Furthermore, the report focuses on a competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PESTLE analysis, PORTER's analysis, and SWOT analysis to address questions from shareholders and prioritize efforts and investment in the emerging segment of the IT asset management software market.
The report examines the impact of the COVID-19 pandemic on the sales revenue of market leaders, market followers, and disrupters and reflects the same in the analysis.
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IT Asset Management Software Market Dynamics
The production of smart device usage and the increasing trend of bring-your-own-device (BYOD) in various leading telecom and IT companies have significantly influenced the IT asset management software market. Initially preferred by large enterprises for maintenance and risk reduction associated with IT agreement and licensing management, IT asset management software solutions are gaining recognition among SMEs across the globe as an operative solution to balance expenditure with return on investments.
IT asset management software is used in different end-use industries, including banking, financial services, and insurance, transportation, manufacturing, telecom and IT, government, healthcare, and energy and utilities. Among these, the telecom and IT sector lead the IT asset management software market, while the energy and utilities sector is expected to expand at the fastest rate during the forecast period.
Major factors driving the growth of the IT asset management software market include the increasing need to improve the productivity of the organization by deploying advanced technology to achieve business needs. Additionally, the reduced cost of software licensing by relocating non-utilized resources is projected to fuel the growth of the market. IT asset management can be classified as hardware asset management, digital asset management, and software asset management.
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IT Asset Management Software Market Regional Insights
North America currently leads the global IT asset management software market due to the massive growth of the IT industry and growing awareness of the advantages of IT asset management. North America is expected to hold its lead in the IT asset management software market during the forecast period due to the surge in government regulations and strict software audit policies. The increasing demand for centralization and automation is also driving the growth of the IT asset management software market in this region. Organizations are focusing on reducing operational expenses by cutting down expenses in IT asset management through the deployment of IT asset management software.
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IT Asset Management Software Market Segmentation
By Enterprise Size:
• SME
• Large Enterprise
By Deployment Type:
• On Premise
• Cloud
• Hybrid
By End Use:
• BFSI
• Telecom and IT
• Government
• Healthcare
• Transportation
• Manufacturing
• Energy and Utilities
• Others
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IT Asset Management Software Market Key
Competitors include:
• BMC Software
• SysAid Technologies Ltd
• ServiceNow, Inc
• Asset Panda
• Samanage Ltd
• Microsoft Corporation
• Wasp Barcode Technologies
• IBM Corporation
• HP, Inc
• Oracle Corporation
• Landesk Software
• CA Technologies
• Freshworks Inc.
• Hewlett Packard
• Cherwell Software Inc.
• Aspera Technologies, Inc.
• Deloitte
• Snow Software
• Symantec
• Dell Inc.
• Freshworks Inc
Table of Content for IT Asset Management Software Market
Global IT Asset Management Software Market: Research Methodology
Global IT Asset Management Software Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global IT Asset Management Software Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global IT Asset Management Software Market Segmentation
Global Market, by Enterprise Size (2021-2029)
Global Market, by Deployment Type (2021-2029)
Global Market, by End Use (2021-2029)
Regional IT Asset Management Software Market (2021-2029)
Regional Market, by Enterprise Size (2021-2029)
Regional Market, by Deployment Type (2021-2029)
Regional Market, by End Use (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Enterprise Size, Deployment Type and End Use
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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