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IT Asset Management Software Market to grow at a CAGR of 6.77% by 2026| Driven by Rapid Adoption of Asset Management Software & the Growing Importance of Asset Tracking | TechnavioNEW YORK, April 19, 2022 /PRNewswire/ -- The global IT asset management software market size is expected to grow by USD 4.23 billion from 2021 to 2026, at a CAGR of 6.77% as per the latest market report by Technavio. The growing adoption of cloud-based asset management software services is one of the key IT asset management software market trends that is expected to impact the industry positively in the forecast period. Organizations across the industries such as BFSI, telecom, healthcare, and manufacturing, including small, medium, and large-sized organizations, are focusing on reducing their overall capital expenditure (CAPEX) by adopting new technologies such as the cloud. SMEs are leveraging cloud-based solutions to increase the scalability of hardware and resources offered by cloud solution providers. With the rise in the adoption of cloud-based services, vendors in the market also started offering asset management SaaS. Vendors such as IBM and Aspera Technologies are offering cloud-based asset management solutions to organizations. Furthermore, the early adoption of IT asset management software will boost the market growth in the coming years.
To know about the other trends - Download the FREE sample report in MINUTES Read the 120-page report with TOC on "IT Asset Management Software Market Analysis Report by Deployment (On-premises and Cloud-based) and Geography (North America, Europe, APAC, Middle East and Africa, and South America), and the Segment Forecasts,2022-2026". Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales, and supply functions. https://www.technavio.com/report/report/it-asset-management-software-market-share-industry-analysis IT Asset Management Software Market: Drivers & Challenges The key factors driving the global information technology (IT) asset management software market growth is the rapid adoption of asset management software and the growing importance of asset tracking. IT asset management and tracking systems are aimed at reducing the labor required for extracting information on the location, configuration, and identification of computer hardware and software while increasing the reliability and completeness of this information. Furthermore, asset management systems also reduce the risks associated with regulatory compliance, software licensing, and security vulnerabilities. With the growing importance of asset management solutions, vendors such as BMC (Boston Medical Center) Software, Infor, IBM, HPE, and ServiceNow are offering asset management and tracking solutions. Therefore, such factors are expected to drive the IT asset management software market during the forecast period. However, the key challenges to the global information technology asset management software market growth are the integration and implementation issues. The selection of the right asset management tool is a major challenge faced by organizations. The organizations that fail to understand or conduct proper research on their business requirements and capabilities and limitations of solutions could end up with ineffective deployments. Furthermore, organizations also find it difficult to integrate IT asset management software into the existing business applications due to the lack of expertise and knowledge of customization of asset management software according to the business needs, which acts as a major challenge for the growth of the global IT asset management software market. Moreover, the deployment cost of asset management solutions is another challenge faced by organizations. Such factors may hamper the market growth during the forecast period. To know about more drivers & challenges - Download a free sample now! Some of the key IT Asset Management Software Players: The IT asset management software market is fragmented and the vendors are deploying growth strategies such as technological innovations, mergers, and partnerships to compete in the market.
IT Asset Management Software Market: Segmentation Analysis Deployment Outlook (Revenue, USD bn, 2021-2026)
Geography Outlook (Revenue, USD bn, 2021-2026)
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Table of Content 1. Executive Summary 1.1 Market overview Exhibit 01: Executive Summary – Chart on Market Overview Exhibit 02: Executive Summary – Data Table on Market Overview Exhibit 03: Executive Summary – Chart on Global Market Characteristics Exhibit 04: Executive Summary – Chart on Market by Geography Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment Exhibit 06: Executive Summary – Chart on Incremental Growth Exhibit 07: Executive Summary – Data Table on Incremental Growth Exhibit 08: Executive Summary – Chart on Vendor Market Positioning 2. Market Landscape 2.1 Market ecosystem Exhibit 09: Parent market Exhibit 10: Market Characteristics 3. Market Sizing 3.1 Market definition Exhibit 11: Offerings of vendors included in the market definition 3.2 Market segment analysis Exhibit 12: Market segments 3.3 Market size 2021 3.4 Market outlook: Forecast for 2021-2026 Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million) Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million) Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%) Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%) 4. Five Forces Analysis 4.1 Five Forces Summary Exhibit 17: Five forces analysis - Comparison between2021 and 2026 4.2 Bargaining power of buyers Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026 4.3 Bargaining power of suppliers Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026 4.4 Threat of new entrants Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026 4.5 Threat of substitutes Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026 4.6 Threat of rivalry Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026 4.7 Market condition Exhibit 23: Chart on Market condition - Five forces 2021 and 2026 5. Market Segmentation by Deployment 5.1 Market segments Exhibit 24: Chart on Deployment - Market share 2021-2026 (%) Exhibit 25: Data Table on Deployment - Market share 2021-2026 (%) 5.2 Comparison by Deployment Exhibit 26: Chart on Comparison by Deployment Exhibit 27: Data Table on Comparison by Deployment 5.3 On-premises - Market size and forecast 2021-2026 Exhibit 28: Chart on On-premises - Market size and forecast 2021-2026 ($ million) Exhibit 29: Data Table on On-premises - Market size and forecast 2021-2026 ($ million) Exhibit 30: Chart on On-premises - Year-over-year growth 2021-2026 (%) Exhibit 31: Data Table on On-premises - Year-over-year growth 2021-2026 (%) 5.4 Cloud-based - Market size and forecast 2021-2026 Exhibit 32: Chart on Cloud-based - Market size and forecast 2021-2026 ($ million) Exhibit 33: Data Table on Cloud-based - Market size and forecast 2021-2026 ($ million) Exhibit 34: Chart on Cloud-based - Year-over-year growth 2021-2026 (%) Exhibit 35: Data Table on Cloud-based - Year-over-year growth 2021-2026 (%) 5.5 Market opportunity by Deployment Exhibit 36: Market opportunity by Deployment ($ million) 6. Customer landscape Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria 6.1 Customer landscape overview Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria 7. Geographic Landscape 7.1 Geographic segmentation Exhibit 38: Chart on Market share by geography 2021-2026 (%) Exhibit 39: Data Table on Market share by geography 2021-2026 (%) 7.2 Geographic comparison Exhibit 40: Chart on Geographic comparison Exhibit 41: Data Table on Geographic comparison 7.3 North America - Market size and forecast 2021-2026 Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million) Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million) Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%) Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%) 7.4 Europe- Market size and forecast 2021-2026 Exhibit 46: Chart on Europe- Market size and forecast 2021-2026 ($ million) Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million) Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%) Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%) 7.5 APAC - Market size and forecast 2021-2026 Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million) Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million) Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%) Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%) 7.6 Middle East and Africa - Market size and forecast 2021-2026 Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million) Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million) Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%) Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%) 7.7 South America - Market size and forecast 2021-2026 Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million) Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million) Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%) Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%) 7.8 US - Market size and forecast 2021-2026 Exhibit 62: Chart on US- Market size and forecast 2021-2026 ($ million) Exhibit 63: Data Table on US- Market size and forecast 2021-2026 ($ million) Exhibit 64: Chart on US- Year-over-year growth 2021-2026 (%) Exhibit 65: Data Table on US- Year-over-year growth 2021-2026 (%) 7.9 China - Market size and forecast 2021-2026 Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million) Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million) Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%) Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%) 7.10 Germany - Market size and forecast 2021-2026 Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million) Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million) Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%) Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%) 7.11 Canada - Market size and forecast 2021-2026 Exhibit 74: Chart on Canada - Market size and forecast 2021-2026 ($ million) Exhibit 75: Data Table on Canada - Market size and forecast 2021-2026 ($ million) Exhibit 76: Chart on Canada - Year-over-year growth 2021-2026 (%) Exhibit 77: Data Table on Canada - Year-over-year growth 2021-2026 (%) 7.12 UK - Market size and forecast 2021-2026 Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million) Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million) Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%) Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%) 7.13 Market opportunity by geography Exhibit 82: Market opportunity by geography ($ million) 8. Drivers, Challenges, and Trends 8.1 Market drivers 8.1.1 Rapid adoption of asset management software and the growing importance of asset tracking 8.1.2 Increasing need to comply with asset management standards 8.1.3 Expansion of IT infrastructure 8.2 Market challenges 8.2.1 Integration and implementation issues 8.2.2 Increasing availability of open-source asset management solutions 8.2.3 Asset diversity 8.3 Impact of drivers and challenges Exhibit 83: Impact of drivers and challenges in 2021 and 2026 8.4 Market trends 8.4.1 Growing adoption of cloud-based asset management software services 8.4.2 Rapid proliferation of bring your own device (BYOD) policy 8.4.3 Evolution of the Internet of Things (IoT) and a rapidly growing number of IoT devices 9. Vendor Landscape 9.1 Overview 9.2 Vendor landscape Exhibit 84: Overview on Criticality of inputs and Factors of differentiation 9.3 Landscape disruption Exhibit 85: Overview on factors of disruption 9.4 Industry risks Exhibit 86: Impact of key risks on business 10. Vendor Analysis 10.1 Vendors covered Exhibit 87: Vendors covered 10.2 Market positioning of vendors Exhibit 88: Matrix on vendor position and classification 10.3 BMC Software Inc. Exhibit 89: BMC Software Inc. - Overview Exhibit 90: BMC Software Inc. - Product / Service Exhibit 91: BMC Software Inc. - Key offerings 10.4 Dell Technologies Inc. Exhibit 92: Dell Technologies Inc. - Overview Exhibit 93: Dell Technologies Inc. - Business segments Exhibit 94: Dell Technologies Inc. - Key news Exhibit 95: Dell Technologies Inc. - Key offerings Exhibit 96: Dell Technologies Inc. - Segment focus 10.5 Hewlett Packard Enterprise Co. Exhibit 97: Hewlett Packard Enterprise Co. - Overview Exhibit 98: Hewlett Packard Enterprise Co. - Business segments Exhibit 99: Hewlett Packard Enterprise Co. - Key news Exhibit 100: Hewlett Packard Enterprise Co. - Key offerings Exhibit 101: Hewlett Packard Enterprise Co. - Segment focus 10.6 International Business Machines Corp. Exhibit 102: International Business Machines Corp. - Overview Exhibit 103: International Business Machines Corp. - Business segments Exhibit 104: International Business Machines Corp. - Key offerings Exhibit 105: International Business Machines Corp. - Segment focus 10.7 Ivanti Inc. Exhibit 106: Ivanti Inc. - Overview Exhibit 107: Ivanti Inc. - Product / Service Exhibit 108: Ivanti Inc. - Key news Exhibit 109: Ivanti Inc. - Key offerings 10.8 Koch Industries Inc. Exhibit 110: Koch Industries Inc. - Overview Exhibit 111: Koch Industries Inc. - Product / Service Exhibit 112: Koch Industries Inc. - Key offerings 10.9 Microsoft Corp. Exhibit 113: Microsoft Corp. - Overview Exhibit 114: Microsoft Corp. - Business segments Exhibit 115: Microsoft Corp. - Key news Exhibit 116: Microsoft Corp. - Key offerings About Technavio With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts
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