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IT Asset Management Software Market Set for Steady Growth at a CAGR of 6.8% by 2030

07-10-2024 08:24 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Maximize Market Research pvt. Ltd.

๐ˆ๐“ ๐€๐ฌ๐ฌ๐ž๐ญ ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ ๐’๐จ๐Ÿ๐ญ๐ฐ๐š๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ

๐ˆ๐“ ๐€๐ฌ๐ฌ๐ž๐ญ ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ ๐’๐จ๐Ÿ๐ญ๐ฐ๐š๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ

๐ˆ๐“ ๐€๐ฌ๐ฌ๐ž๐ญ ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ ๐’๐จ๐Ÿ๐ญ๐ฐ๐š๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ซ ๐ƒ๐ž๐ฆ๐š๐ง๐ ๐ˆ๐ง๐œ๐ซ๐ž๐š๐ฌ๐ž ๐จ๐ซ ๐ƒ๐ž๐œ๐ซ๐ž๐š๐ฌ๐ž ๐Ÿ๐จ๐ซ ๐ฐ๐ก๐š๐ญ ๐œ๐จ๐ง๐ญ๐š๐ข๐ง๐ฌ :

The IT Asset Management (ITAM) software market is on a strong upward trajectory, with analysts predicting continued growth in the coming years. This rise in demand is fueled by several factors. Firstly, businesses are increasingly reliant on complex IT environments with a growing number of devices and software licenses. ITAM software helps organizations track and manage these assets efficiently, optimizing costs and ensuring compliance with regulations. Secondly, the rise of cloud computing and Bring Your Own Device (BYOD) policies necessitates robust asset management solutions. ITAM software helps maintain visibility and control over these distributed assets, reducing security risks and improving overall IT operations.

๐ˆ๐“ ๐€๐ฌ๐ฌ๐ž๐ญ ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ ๐’๐จ๐Ÿ๐ญ๐ฐ๐š๐ซ๐ž ๐‚๐€๐†๐‘ ๐„๐ฌ๐ญ๐ข๐ฆ๐š๐ญ๐ข๐จ๐ง:

With a compound annual growth rate (CAGR) of 6.8%, the market for IT asset management software is projected to grow from its 2023 valuation of US$ 1.23 billion to US$ 1.96 billion by 2030.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐š๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐๐ž๐ญ๐š๐ข๐ฅ๐ฌ ๐›๐ฒ ๐œ๐ฅ๐ข๐œ๐ค๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ž๐: https://www.maximizemarketresearch.com/request-sample/25475/

๐ˆ๐“ ๐€๐ฌ๐ฌ๐ž๐ญ ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ ๐’๐จ๐Ÿ๐ญ๐ฐ๐š๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

๐›๐ฒ ๐„๐ง๐ญ๐ž๐ซ๐ฉ๐ซ๐ข๐ฌ๐ž ๐’๐ข๐ณ๐ž

SME
Large Enterprise

๐›๐ฒ ๐ƒ๐ž๐ฉ๐ฅ๐จ๐ฒ๐ฆ๐ž๐ง๐ญ ๐“๐ฒ๐ฉ๐ž

On Premise
Cloud
Hybrid

The market for IT asset management software has been greatly impacted by the rise in bring-your-own-device (BYOD) adoption among top telecom and IT organizations, as well as the production of smart device usage. Large businesses initially favored IT asset management software because it minimized maintenance risks and managed IT agreements and licenses. These solutions are gradually becoming more widely acknowledged by SMEs worldwide as a practical way to strike a balance between costs and returns on investments.Numerous end-use industries, such as banking, insurance, and financial services, as well as manufacturing, transportation, telecom, and IT, government, healthcare, energy, and utilities, employ IT asset management software.

๐›๐ฒ ๐„๐ง๐ ๐”๐ฌ๐ž

BFSI
Telecom and IT
Government
Healthcare
Transportation
Manufacturing
Energy and Utilities
Others

๐ˆ๐“ ๐€๐ฌ๐ฌ๐ž๐ญ ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ ๐’๐จ๐Ÿ๐ญ๐ฐ๐š๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

Market Growth: Analysts predict a robust increase in ITAM software adoption. Estimates suggest the market size could reach over $13.9 billion by 2032, with a Compound Annual Growth Rate (CAGR) exceeding 8%.
Demand Drivers: This growth is fueled by several factors. Firstly, companies are managing increasingly complex IT environments with a surge in devices, software licenses, and cloud adoption. ITAM software provides much-needed visibility and control, streamlining asset management and saving costs.
Benefits: ITAM software offers a range of advantages, including:
Improved asset tracking and utilization
Enhanced cost optimization through license management
Streamlined compliance with software licensing regulations
Increased security by identifying and managing vulnerabilities in the IT infrastructure.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐š๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐๐ž๐ญ๐š๐ข๐ฅ๐ฌ ๐›๐ฒ ๐œ๐ฅ๐ข๐œ๐ค๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ž๐: https://www.maximizemarketresearch.com/request-sample/25475/

๐ˆ๐“ ๐€๐ฌ๐ฌ๐ž๐ญ ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ ๐’๐จ๐Ÿ๐ญ๐ฐ๐š๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ซ ๐ƒ๐ž๐ฆ๐š๐ง๐ ๐ข๐ง ๐ฐ๐ก๐ข๐œ๐ก ๐ซ๐ž๐ ๐ข๐จ๐ง๐ฌ??

Established Markets: North America and Europe currently hold the biggest share of the ITAM software market. This dominance can be attributed to factors like stringent regulations regarding software licensing and a strong focus on cost optimization. These regions have a long history of IT adoption, leading to complex IT environments that necessitate robust ITAM solutions.

Emerging Markets: The Asia Pacific region is poised for the fastest growth in ITAM software. This is driven by rapid digital transformation initiatives across various industries. As these economies mature and invest heavily in IT infrastructure, the need for efficient asset management becomes increasingly crucial. The growing adoption of cloud services and BYOD policies in this region further fuels the demand for ITAM solutions.

๐ˆ๐“ ๐€๐ฌ๐ฌ๐ž๐ญ ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ ๐’๐จ๐Ÿ๐ญ๐ฐ๐š๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐œ๐จ๐ฉ๐ž ๐š๐ง๐ ๐Œ๐ž๐ญ๐ก๐จ๐๐จ๐ฅ๐จ๐ ๐ฒ:

The IT Asset Management (ITAM) software market goes beyond just tracking laptops and desktops. It's the command center for an organization's entire IT ecosystem. This software tackles everything from discovering and cataloging all hardware, software, and cloud assets to managing licenses and monitoring their lifecycles. Essentially, ITAM software keeps everything organized, compliant, and optimized.

To understand the true scale of this market, research firms employ a multi-step approach. They delve into existing data on IT spending and software trends, then gather insights directly from IT professionals and industry experts through surveys and interviews. Finally, they leverage data analytics to paint a clear picture of the market size, growth trajectory, and key trends shaping its future.

๐…๐จ๐ซ ๐š ๐๐ž๐ž๐ฉ๐ž๐ซ ๐ฎ๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐๐ข๐ง๐ , ๐œ๐ฅ๐ข๐œ๐ค ๐จ๐ง ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/request-sample/25475/

๐ˆ๐“ ๐€๐ฌ๐ฌ๐ž๐ญ ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ ๐’๐จ๐Ÿ๐ญ๐ฐ๐š๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ

1.BMC Software
2.SysAid Technologies Ltd
3.ServiceNow, Inc
4.Asset Panda
5.Samanage Ltd
6.Microsoft Corporation
7.Wasp Barcode Technologies
8.IBM Corporation
9.HP, Inc
10.Oracle Corporation

๐“๐จ ๐š๐œ๐œ๐ž๐ฌ๐ฌ ๐ฆ๐จ๐ซ๐ž ๐œ๐จ๐ฆ๐ฉ๐ซ๐ž๐ก๐ž๐ง๐ฌ๐ข๐ฏ๐ž ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง, ๐œ๐ฅ๐ข๐œ๐ค ๐ก๐ž๐ซ๐ž: https://www.maximizemarketresearch.com/market-report/global-it-asset-management-software-market/25475/

๐Š๐ž๐ฒ ๐ช๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐š๐ง๐ฌ๐ฐ๐ž๐ซ๐ž๐ ๐ข๐ง ๐ญ๐ก๐ž ๐ˆ๐“ ๐€๐ฌ๐ฌ๐ž๐ญ ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ ๐’๐จ๐Ÿ๐ญ๐ฐ๐š๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐š๐ซ๐ž:

โ€ข What is ๐ˆ๐“ ๐€๐ฌ๐ฌ๐ž๐ญ ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ ๐’๐จ๐Ÿ๐ญ๐ฐ๐š๐ซ๐ž Market ?
โ€ข What is the growth rate of the ๐ˆ๐“ ๐€๐ฌ๐ฌ๐ž๐ญ ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ ๐’๐จ๐Ÿ๐ญ๐ฐ๐š๐ซ๐ž Market?
โ€ข Which are the factors expected to drive the ๐ˆ๐“ ๐€๐ฌ๐ฌ๐ž๐ญ ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ ๐’๐จ๐Ÿ๐ญ๐ฐ๐š๐ซ๐ž market growth?
โ€ข What are the different segments of the ๐ˆ๐“ ๐€๐ฌ๐ฌ๐ž๐ญ ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ ๐’๐จ๐Ÿ๐ญ๐ฐ๐š๐ซ๐ž Market?
โ€ข What growth strategies are the players considering to increase their presence in ๐ˆ๐“ ๐€๐ฌ๐ฌ๐ž๐ญ ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ ๐’๐จ๐Ÿ๐ญ๐ฐ๐š๐ซ๐ž?
โ€ข What are the upcoming industry applications and trends for the ๐ˆ๐“ ๐€๐ฌ๐ฌ๐ž๐ญ ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ ๐’๐จ๐Ÿ๐ญ๐ฐ๐š๐ซ๐ž Market?
โ€ข What are the recent industry trends that can be implemented to generate additional revenue streams for the ๐ˆ๐“ ๐€๐ฌ๐ฌ๐ž๐ญ ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ ๐’๐จ๐Ÿ๐ญ๐ฐ๐š๐ซ๐ž Market?
โ€ข What major challenges could the ๐ˆ๐“ ๐€๐ฌ๐ฌ๐ž๐ญ ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ ๐’๐จ๐Ÿ๐ญ๐ฐ๐š๐ซ๐ž Market face in the future?
โ€ข What segments are covered in the ๐ˆ๐“ ๐€๐ฌ๐ฌ๐ž๐ญ ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ ๐’๐จ๐Ÿ๐ญ๐ฐ๐š๐ซ๐ž Market?
โ€ข Who are the leading companies and what are their portfolios in ๐ˆ๐“ ๐€๐ฌ๐ฌ๐ž๐ญ ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ ๐’๐จ๐Ÿ๐ญ๐ฐ๐š๐ซ๐ž Market?
โ€ข What segments are covered in the ๐ˆ๐“ ๐€๐ฌ๐ฌ๐ž๐ญ ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ ๐’๐จ๐Ÿ๐ญ๐ฐ๐š๐ซ๐ž Market?
โ€ข Who are the key players in the ๐ˆ๐“ ๐€๐ฌ๐ฌ๐ž๐ญ ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ ๐’๐จ๐Ÿ๐ญ๐ฐ๐š๐ซ๐ž market?

๐‘๐ž๐ฅ๐š๐ญ๐ž๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ:

โ™ฆ Global Nanowire Market https://www.maximizemarketresearch.com/market-report/global-nanowire-market/102233/

โ™ฆ Global Inkjet Printers Market https://www.maximizemarketresearch.com/market-report/global-inkjet-printers-market/103093/

โ™ฆ Global Tunable Laser Market https://www.maximizemarketresearch.com/market-report/global-tunable-laser-market/110632/

โ™ฆ Global Liquefied Petroleum Gas Market https://www.maximizemarketresearch.com/market-report/global-liquefied-petroleum-gas-market/44363/

โ™ฆ Global E Cigarette Market https://www.maximizemarketresearch.com/market-report/global-e-cigarette-market/23441/

โ™ฆ Orthopaedic Devices Market https://www.maximizemarketresearch.com/market-report/orthopaedic-devices-market/11284/

โ™ฆ Future Of Electric Vehicle In Asia Pacific https://www.maximizemarketresearch.com/market-report/future-of-electric-vehicle-in-asia-pacific/188204/

โ™ฆ Edible Insect Animal Feed Market https://www.maximizemarketresearch.com/market-report/edible-insect-animal-feed-market/190566/

โ™ฆ Plasma Powder Market https://www.maximizemarketresearch.com/market-report/plasma-powder-market/186187/

โ™ฆ Microfluidics Market https://www.maximizemarketresearch.com/market-report/microfluidics-market/164690/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

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๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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Bangladesh Ceramics Tiles Market size was valued at USD 882.56 Million in 2023 and the total Bangladesh Ceramics Tiles Market revenue is expected to grow at a CAGR of 13.71 % from 2024 to 2030, reaching nearly USD 2169.38 Million. Bangladesh Ceramics Tiles Market Overview: The Bangladesh ceramics tiles market is a vital component of the country's construction and building materials industry, driven by rapid urbanization, infrastructure development, and rising disposable incomes.โ€ฆ
Furfural Market to Reach Nearly USD 1 Trillion by 2030, Propelled by a 6.8% CAGR
09-05-2025 | Advertising, Media Consulting, โ€ฆ
MAXIMIZE MARKET RESEARCH PVT. LTD.
Furfural Market to Reach Nearly USD 1 Trillion by 2030, Propelled by a 6.8% CAGR
Furfural Market size was valued at USD 630.2Mn in 2023. The Furfural Market revenue is growing at a CAGR of 6.8 % from 2023 to 2029, reaching nearly USD 998.30 Bn by 2030. Furfural Market Overview: The furfural market is centered around an organic compound derived primarily from agricultural byproducts such as corn cobs, sugarcane bagasse, and rice husks through a process of acid hydrolysis. As one of the oldest renewable chemicals,โ€ฆ
Chemical Protective Clothing Market Valued at USD 1.57 Bn in 2024, Projected to Grow at a 5.59% CAGR Through 2032
09-05-2025 | Advertising, Media Consulting, โ€ฆ
MAXIMIZE MARKET RESEARCH PVT. LTD.
Chemical Protective Clothing Market Valued at USD 1.57 Bn in 2024, Projected to โ€ฆ
Chemical Protective Clothing Market size was valued at USD 1.57 Billion in 2024 and the total Chemical Protective Clothing revenue is expected to grow at a CAGR of 5.59% from 2025 to 2032, reaching nearly USD 2.42 Billion. Chemical Protective Clothing Market Overview: The Chemical Protective Clothing (CPC) market comprises garments and accessories specifically designed to shield workers from exposure to hazardous chemicals, liquids, and particulate matter across a wide range ofโ€ฆ
Prefabricated Homes Market Valued at USD 18.58 Bn in 2024, Poised for 6.19% CAGR Growth to 2032
09-05-2025 | Advertising, Media Consulting, โ€ฆ
MAXIMIZE MARKET RESEARCH PVT. LTD.
Prefabricated Homes Market Valued at USD 18.58 Bn in 2024, Poised for 6.19% CAGR โ€ฆ
Prefabricated Homes Market size was valued at USD 18.58 Billion in 2024 and the total Prefabricated Homes revenue is expected to grow at a CAGR of 6.19% from 2025 to 2032, reaching nearly USD 30.04 Billion. Prefabricated Homes Market Overview: The prefabricated homes market, also known as modular or off-site construction, involves the manufacturing of building components in a controlled factory environment before their assembly at the final location. This method revolutionizesโ€ฆ

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More Releases for ITAM

06-19-2025 | Business, Economy, Finances, B โ€ฆ
Exactitude Consultancy
IT Asset Management (ITAM) Services Market Key Players, Share and Forecast Outlo โ€ฆ
"The global IT Asset Management (ITAM) services market is anticipated to reach an estimated value of $12 billion in 2024. This market is projected to grow significantly, with an expected market value of approximately $22 billion by 2034, reflecting a Compound Annual Growth Rate (CAGR) of about 6.5% during the forecast period from 2025 to 2034." Exactitude Consultancy., Ltd. released a research report titled "IT Asset Management (ITAM) Services Market". Thisโ€ฆ
05-03-2024 | IT, New Media & Software
FCS - IT-Experten
Criteria for selecting the right ITAM software
Comprehensive guide to selecting IT asset management software: Optimizing efficiency and cost control with Asset.Desk The most important facts in a nutshell * Introduction: This guide takes you through the process of selecting IT asset management software to ensure efficient management and cost control of IT assets. * Definition of ITAM: IT asset management improves the deployment and management of an organization's IT assets throughout their lifecycle. * Fundamentals of software selection: Selecting theโ€ฆ
12-17-2018 | Advertising, Media Consulting, โ€ฆ
Transparecny Market Research
IT Asset Management (ITAM) Software Market: Growing Demand for Centralization an โ€ฆ
Some of the most prominent names in the global IT asset management software market have a very strong presence in North America, making the regional market an immensely competitive one. According to a study by Transparency Market Research (TMR), ServiceNow Inc., Cherwell Software Inc., Hewlett Packard Enterprise Development, and Aspera Technologies, Inc. are some of the leading names operating in the North America market. In order to gain competitive advantageโ€ฆ
04-27-2017 | Industry, Real Estate & Constr โ€ฆ
Research N Reports
Global IT Asset Management (ITAM) Software Market Drivers and Challenges Report โ€ฆ
โ€œGlobal IT Asset Management (ITAM) Software Market by Manufacturers, Regions, Type and Application, Forecast to 2021โ€œPurchase This Report by calling ResearchnReports.com at +1-888-631-6977. The report analyzes the IT Asset Management (ITAM) Software market and gives an intricate examination of its applications. The report includes a detailed cost evaluation analysis of products that are available in the worldwide IT Asset Management (ITAM) Software market with regard to existing manufacturer profit margins. Itโ€ฆ
02-21-2017 | Advertising, Media Consulting, โ€ฆ
Research beam Market Reports
Global IT Asset Management ITAM Software Market - Opportunities, Forecasts, Dema โ€ฆ
IT Asset Management (ITAM) Software is the software to implement the IT asset management activities. IT asset management (ITAM) is the set of business practices that join financial, contractual and inventory functions to support life cycle management and strategic decision making for the IT environment. Scope of the Report: โ€ข This report focuses on the IT Asset Management (ITAM) Software in Global market, especially in North America, Europe and Asia-Pacific, South America, Middleโ€ฆ
01-04-2017 | IT, New Media & Software
Big Market - Research Industry
Global IT Asset Management ITAM Software Market Size & Application Forecasts 202 โ€ฆ
Bigmarketresearch.com include new market research reportโ€ Drones for Wind Turbine Inspection Market in the Global 2016-2021โ€ to its huge collection of research reports. IT Asset Management (ITAM) Software is the software to implement the IT asset management activities. IT asset management (ITAM) is the set of business practices that join financial, contractual and inventory functions to support life cycle management and strategic decision making for the IT environment. Scope of the Report: Thisโ€ฆ