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.
Although the COVID-19 pandemic continues to transform the growth of
various industries, the immediate impact of the outbreak is varied. While a few
industries will register a drop in demand, numerous others will continue to
remain unscathed and show promising growth opportunities. Technavio’s in-depth
research has all your needs covered as our research reports include all
foreseeable market scenarios, including pre- & post-COVID-19
analysis. Download a Free Sample Report on
COVID-19 Impacts
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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Technavio's custom research reports offer detailed insights on the
impact of COVID-19 at an industry level, a regional level, and subsequent
supply chain operations. This customized report will also help clients keep up
with new product launches in direct & indirect COVID-19 related markets,
upcoming vaccines and pipeline analysis, and significant developments in vendor
operations and government regulations.
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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