IT Asset Management is a layer of business practices that cover all the business units within an organization. IT asset management joins the financial, inventory, contractual, and risk management responsibilities to manage the overall life cycle of IT assets, including tactical and strategic decision making. Assets include all elements of software and hardware that are found in a business environment. Many small and large enterprises are commonly using IT asset management software these days.
Advantages such as faster and easier assets inventory control, easy deployment, and the rising demand from businesses to lower operational expenditures are anticipated to boost the IT asset management market globally. Concerns around the compatibility of IT asset management software with various enterprise applications are one of the major restraining factors for the IT asset management market. Growing market attractiveness in emerging industry verticals especially healthcare is anticipated to further provide good opportunities to the players operating in the IT asset management market.
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Increasing adoption of pricing and structuring tools is projected to be one of the vital IT Asset Management trend, which during the forecast period will gain noteworthy traction. By implementing pricing and structuring tools enables management of individual portfolios and dodge the risk through automation, consistency, and transparency provided by algorithmic trading throughout the company. Hence, the adoption of these tools is projected to optimistically impact the growth of IT Asset Management market.
Key Players Influencing the Market
- Hewlett Packard Enterprise Development LP
- BMC Software Inc.
- CA Technologies Inc.
- ServiceNow Inc.
- Cherwell Software Inc.
- Snow Software
- Flexera Software LLC.
- LANDESK Software
- Oracle Corporation
- Aspera Technologies Inc.
The global IT asset management market is segmented on the basis of enterprises, deployment, and end-user. On the basis of enterprise, the IT asset management market is segmented into small, medium, and large enterprises. On the basis of deployment, the IT asset management market is segmented into on premises, cloud, and hybrid. On the basis of end user, the IT asset management market is segmented into BFSI, telecom, healthcare, transportation, government, manufacturing, energy and utilities.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global IT Asset Management market based on various segments. It also provides market size and forecast estimates from year 2017 to 2025 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The IT Asset Management market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting IT Asset Management market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the IT Asset Management market in these regions.
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Answers that the report acknowledges:
- Market size and growth rate during forecast period.
- Key factors driving the IT Asset Management Market.
- Key market trends cracking up the growth of the IT Asset Management Market.
- Challenges to market growth.
- Key vendors of IT Asset Management Market.
- Detailed SWOT analysis.
- Opportunities and threats faces by the existing vendors in Global IT Asset Management Market.
- Trending factors influencing the market in the geographical regions.
- Strategic initiatives focusing the leading vendors.
- PEST analysis of the market in the five major regions.
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