It Asset Management Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032

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  • Number of Pages: 250
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Market Snapshot

CAGR:8.06
2023
2032

Source: Market Expertz

RND-Favicon
Study Period 2019-2032
Base Year 2023
Forcast Year 2023-2032
CAGR 8.06
Information & Technology-companies
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Report Overview

The IT Asset Management Market is projected to grow at a CAGR of 8.91% between 2022 and 2032. The market size is forecast to increase by USD 3,743.22 million during this period. The growth of the IT Asset Management Market is driven by the increasing complexity of IT environments, the need for cost optimization, and compliance with software licensing regulations.

Market Overview:

Drivers:

The IT Asset Management Market is experiencing growth due to the rising adoption of cloud services, virtualization, and remote work. Managing IT assets across diverse environments requires efficient tracking and optimization.

Moreover, the need for accurate inventory management and compliance with software licenses is driving market demand. IT asset management solutions help organizations avoid penalties and audits related to unauthorized software use.

Trends:

The adoption of Artificial Intelligence (AI) and Machine Learning (ML) in IT asset management is a prominent trend. AI-driven solutions can automate inventory discovery, optimize asset utilization, and predict hardware failures.

Furthermore, the integration of IT asset management with Service Management and IT Operations Management (ITOM) tools is influencing the market. This integration streamlines IT service delivery and incident management.

Restraints:

Challenges related to data accuracy and integration can restrain market growth. Gathering reliable data from disparate sources and systems can be complex and time-consuming.

Additionally, concerns about data security and privacy in cloud-based IT asset management solutions can impact adoption. Organizations must ensure data protection and compliance with data protection regulations.

IT Asset Management Market Segmentation by Component:

The software segment is expected to witness significant growth during the forecast period. IT asset management software provides tools for inventory tracking, license compliance, and software deployment.

IT Asset Management Market Segmentation by Deployment:

The cloud deployment segment is anticipated to experience strong growth in the IT Asset Management Market. Cloud-based IT asset management offers scalability, remote access, and reduced infrastructure costs.

Regional Overview:


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North America is expected to lead the global IT Asset Management Market, driven by the region's extensive use of IT technologies, large enterprises, and regulatory compliance requirements.

Moreover, the Europe region is projected to experience substantial growth as organizations in the region prioritize efficient IT resource management and digital transformation.

IT Asset Management Market Customer Landscape:

The report includes insights into the customer landscape, identifying industries and sectors that extensively use IT asset management solutions. It outlines customer requirements, such as asset discovery, software optimization, and integration capabilities.

Major IT Asset Management Market Companies:

Companies in the IT Asset Management Market are adopting strategies such as partnerships, acquisitions, and technological advancements to strengthen their market position.

Sample companies in the IT Asset Management Market include:

  • IBM Corporation
  • ServiceNow, Inc.
  • Microsoft Corporation
  • SolarWinds Worldwide, LLC
  • BMC Software, Inc.
  • Ivanti, Inc.
  • Snow Software AB
  • Flexera Software, LLC
  • Cherwell Software, LLC
  • SysAid Technologies Ltd.

Segment Overview:

The IT Asset Management Market report provides revenue forecasts at global, regional, and country levels, analyzing trends and opportunities from 2019 to 2032.

  • Component Outlook (USD Million, 2019 - 2032)
    • Software
    • Services
  • Deployment Outlook (USD Million, 2019 - 2032)
    • On-Premises
    • Cloud
  • Geography Outlook (USD Million, 2019 - 2032)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • Japan
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • Middle East & Africa
      • UAE
      • South Africa
      • Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL IT Asset Management MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition   

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. IT Asset Management MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. IT Asset Management Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

    4.5.1. Power Of Suppliers

    4.5.2. Power Of Buyers

    4.5.3. Threat Of Substitutes

    4.5.4. Threat Of New Entrants

    4.5.5. Competitive Rivalry

Chapter 5. IT Asset Management MARKET BY type landscape

SIGHTS & TRENDS                                                               

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 Hardware

    5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Software

    5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. IT Asset Management MARKET BY deployment type INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 Cloud

    6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 On-premise

    6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. IT Asset Management MARKET REGIONAL OUTLOOK

7.1. IT Asset Management Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

    7.2.1. North America IT Asset Management Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.2. North America IT Asset Management Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.3. North America IT Asset Management Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.4. North America IT Asset Management Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

    7.2.5.1. U.S. IT Asset Management Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.5.2. U.S. IT Asset Management Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.5.3. U.S. IT Asset Management Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.5.4. U.S. IT Asset Management Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

    7.2.6.1. Canada IT Asset Management Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.6.2. Canada IT Asset Management Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.6.3. Canada IT Asset Management Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.6.4. Canada IT Asset Management Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

    7.3.1. Europe IT Asset Management Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.2. Europe IT Asset Management Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.3. Europe IT Asset Management Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.4. Europe IT Asset Management Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

    7.3.5.1. Germany IT Asset Management Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.5.2. Germany IT Asset Management Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.5.3. Germany IT Asset Management Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.5.4. Germany IT Asset Management Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

    7.3.6.1. France IT Asset Management Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.6.2. France IT Asset Management Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.6.3. France IT Asset Management Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.6.4. France IT Asset Management Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

    7.3.7.1. U.K. IT Asset Management Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.7.2. U.K. IT Asset Management Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.7.3. U.K. IT Asset Management Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.7.4. U.K. IT Asset Management Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

    7.4.1. Asia Pacific IT Asset Management Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.2. Asia Pacific IT Asset Management Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.3. Asia Pacific IT Asset Management Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.4. Asia Pacific IT Asset Management Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

 7.4.5. CHINA

     7.4.5.1. China IT Asset Management Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.5.2. China IT Asset Management Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.5.3. China IT Asset Management Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.5.4. China IT Asset Management Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

     7.4.6.1. India IT Asset Management Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.6.2. India IT Asset Management Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.6.3. India IT Asset Management Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.6.4. India IT Asset Management Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

     7.4.7.1. Japan IT Asset Management Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.7.2. Japan IT Asset Management Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.7.3. Japan IT Asset Management Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.7.4. Japan IT Asset Management Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

    7.4.8.1. Australia IT Asset Management Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.8.2. Australia IT Asset Management Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.8.3. Australia IT Asset Management Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.8.4. Australia IT Asset Management Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

    7.5.1. Mea IT Asset Management Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.5.2. Mea IT Asset Management Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.5.3. Mea IT Asset Management Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.5.4. Mea IT Asset Management Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

     7.6.1. Latin America IT Asset Management Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.6.2. Latin America IT Asset Management Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.6.3. Latin America IT Asset Management Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.6.4. Latin America IT Asset Management Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

    7.6.5. Latin America IT Asset Management Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

    8.2.1. New Product Launches

    8.2.2. Investment & Expansion

    8.2.3. Acquisitions

    8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

     8.3.1. North American Suppliers

     8.3.2. European Suppliers

     8.3.3. Asia-Pacific Suppliers

     8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 Dell

    9.1.1. Company Overview

    9.1.2. Financial Performance

    9.1.3. Product Insights

    9.1.4. Strategic Initiatives

9.2 Microsoft Corporation

    9.2.1. Company Overview

    9.2.2. Financial Performance

    9.2.3. Product Insights

    9.2.4. Strategic Initiatives

9.3 IBM Corporation

    9.3.1. Company Overview

    9.3.2. Financial Performance

    9.3.3. Product Insights

    9.3.4. Strategic Initiatives

9.4 BMC Software

    9.4.1. Company Overview

    9.4.2. Financial Performance

    9.4.3. Product Insights

    9.4.4. Strategic Initiatives

9.5 HP

    9.5.1. Company Overview

    9.5.2. Financial Performance

    9.5.3. Product Insights

    9.5.4. Strategic Initiatives

9.6 Company 6

    9.6.1. Company Overview

    9.6.2. Financial Performance

    9.6.3. Product Insights

    9.6.4. Strategic Initiatives

9.7 Company 7

   9.7.1. Company Overview

    9.7.2. Financial Performance

    9.7.3. Product Insights

    9.7.4. Strategic Initiatives

9.8 Company 8

    9.8.1. Company Overview

    9.8.2. Financial Performance

    9.8.3. Product Insights

    9.8.4. Strategic Initiatives

9.9 Company 9

    9.9.1. Company Overview

    9.9.2. Financial Performance

    9.9.3. Product Insights

    9.9.4. Strategic Initiatives

9.10 Company 10

    9.10.1. Company Overview

    9.10.2. Financial Performance

    9.10.3. Product Insights

    9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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