IT Asset Management Software Market Analysis by Current Industry Status & Growth Opportunities, Top Key Players, Target Audience and Forecast to 2027

Thu Apr 12, 2018 - 1:30pm UTC

Market Research Future published a half cooked Research report on “Global IT Asset Management Software Market Research Report – Forecast to 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.

Pune, India – April 12, 2018

IT Asset Management Software Market – Overview

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.

IT Asset Management Software Market is predominantly driven by the shift of IT Sectors towards the centralized automation of IT infrastructure. This shift is attributed the evolving Cloud intervention that has initially changed the mode of operation in the sector.

Global Competitive Analysis

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. The well-known players in the industry for IT Asset Management Software are Dell Inc. (US), Microsoft Corporation (US), IBM Corporation (US), BMC Software Inc. (US), HP Inc. (US), ServiceNow, Inc. (US) and Oracle Corp (US).

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Detailed 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.

Industry Updates:

Feb 2018 MacAulay-Brown, Inc. which has established itself as a leading company in national security and delivers cybersecurity and product solutions along with advanced engineering services, stated recently that the firm and its business partner, xAssets LLC, have received Software Certification for the xAssets Client Version 7.x of the Information Technology Asset Management and Network Discovery Tool (ITAM-ND). The software of late was approved for the comprehensive certification process given by the Department of the Air Force for both server and client applications. This certification is a result of work by xAssets and MacB project managers, technical engineers, and other experts to reach the exacting values necessary by the U.S. Air Force to attain software certification status.

Industry Segments

The industry for IT asset management software has been divided into the categories of type and deployment. The segmentation on the basis of types comprises of software asset management and hardware asset management. The division on the basis of Deployment comprises of cloud-based IT asset management software, on-premise IT asset management software and hybrid IT asset management software.

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Contact Info:
Name: Abhishek sawant
Organization: Market Research Future
Phone: +1 646 845 9312

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