IT Asset Management Software Market (2020-2024) | Use of Asset Management Software and Asset Tracking to Boost Market Growth

 

The IT asset management software market and it is poised to grow by USD 353.78 million during 2020-2024, progressing at a CAGR of almost 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.



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Frequently Asked Questions:

  • Based on segmentation by deployment, which is the leading segment in the market?
    Cloud-based.
  • What are the major trends in the market?
    Growing adoption of cloud-based asset management software services.
  • At what rate is the market projected to grow?
    The market is projected to grow at a CAGR of almost 7% during 2020-2024.
  • Who are the top players in the market?
    BMC Software Inc., Dell Technologies Inc., Hewlett Packard Enterprise Co., Infor Inc., International Business Machines Corp., Ivanti Software Inc., Microsoft Corp., Oracle Corp., SAP SE, and ServiceNow Inc. are the top players in the market.
  • What are the key market drivers and challenges?
    The market is driven by the increasing use of asset management software and asset tracking. However, increasing availability of open-source asset management solutions might hamper the market growth.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. BMC Software Inc., Dell Technologies Inc., Hewlett Packard Enterprise Co., Infor Inc., International Business Machines Corp., Ivanti Software Inc., Microsoft Corp., Oracle Corp., SAP SE, and ServiceNow Inc. are some of the major market participants. The use of asset management software and asset tracking will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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IT Asset Management Software Market 2020-2024: Segmentation

IT Asset Management Software Market is segmented as below:

  • Deployment
    • Cloud-based
    • On-premise
  • Geographic Landscape
    • APAC
    • Europe
    • North America
    • South America
    • MEA

 

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