Press release
Need for Streamlined and Centralized Operations to Spur Demand for IT Asset Management (ITAM) Software, reports TMR
IT Asset Management (ITAM) Software Market: SnapshotThe proliferation of smart device usage and the growing trend of bring-your-own-device (BYOD) in several leading telecom and IT companies have greatly influenced the IT asset management (ITAM) software market. ITAM software was initially preferred by large enterprises for the maintenance and reduction of risks associated with IT compliance and licensing management. Over time, these solutions have gained recognition among SMEs across the globe as an effective solution to balance spending with return on investments.
The ITAM software market is projected to reach a value of US$1.3 bn by 2024, rising from US$708.9 mn in 2015. The market is estimated to expand at a steady CAGR of 6.9% during the forecast period from 2016 to 2024.
Download Brochure To Know More Industry Insights@ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=11480
Cloud-based ITAM Software Services Highly Lucrative Segment
By size of enterprise, ITAM software finds application in large enterprises and small and medium enterprises (SMEs). Large enterprises currently hold the majority in terms of revenue, while SMEs are likely to register the fastest growth over the course of the forecast period.
By type of deployment, the ITAM software market is segmented into on-premise, cloud, and hybrid. Cloud-based services are the key contributors to the revenue of the ITAM software market, accounting for an almost 50% share in the market by 2024.
ITAM software is used in a number of end-use industries, including banking, financial services, and insurance, transportation, manufacturing, telecom and IT, government, healthcare, and energy and utilities. Among these, the telecom and IT sector leads the ITAM software market, while the energy and utilities sector is projected to expand at the fastest pace over the coming years.
Growing Demand for Centralization and Automation Driving Adoption of ITAM Software in North America
The global ITAM software market comprises North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. North America presently leads the global ITAM software market owing to the enormous growth of the IT industry and growing awareness regarding the advantages of ITAM. North America is anticipated to retain its lead in the ITAM software market during the forecast period thanks to the surge in government regulations and strict software audit policies. The increasing demand for centralization and automation is also influencing the growth of the ITAM software market in this region. Organizations have been emphasizing on the reduction of operational expenditure by cutting down expenses in IT asset management through the deployment of ITAM software.
At present, the ITAM software market in Asia Pacific is driven by countries such as India, China, South Korea, Singapore, and Japan. This region is anticipated to record the fastest growth in the coming years due to the rising interest of investors in this region and the growing establishment of SMEs. As the adoption of cloud-based solutions in Asia Pacific rapidly increases, the number of smart devices is expected to rise, aided by improved communication technologies such as 4G LTE. Unlike larger corporations that adopt cloud technologies to save cost and improve efficiency, SMEs in this region seek a wider reach, enhanced agility, and the flexibility and ability to serve larger customer bases at a lower investment. ITAM software has been aiding SMEs in this very task.
Request For Custom Research@ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=11480
Some of the key players operating in the global ITAM software market are IBM Corporation, Oracle Corp., Hewlett Packard Enterprise Development LP, BMC Software Inc., ServiceNow Inc., BDNA Corporation, LANDESK Software, Aspera Technologies Inc., Cherwell Software, Flexera Software LLC, CA Technology Inc., and Snow Software.
About Us:-
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
Contact Us:-
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
Email: sales@transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Need for Streamlined and Centralized Operations to Spur Demand for IT Asset Management (ITAM) Software, reports TMR here
News-ID: 976902 • Views: …
More Releases from Transparency Market Research
Transformer Dismantling & Recycling Services Market Outlook 2034: How Sustainabl …
As global energy systems evolve and electricity demand rises, the safe, efficient, and environmentally responsible disposal of aging electrical infrastructure has become an urgent priority. Transformers-critical components of transmission and distribution networks-must be replaced or refurbished regularly due to wear, efficiency loss, safety concerns, or regulatory mandates. Transformer dismantling and recycling services play a vital role in ensuring that these large, complex electrical units are decommissioned safely while valuable materials…
Online Dating Services Market Outlook 2034: How Digital Matchmaking Platforms Ar …
The online dating services market has undergone a remarkable transformation over the past decade, evolving from simple matchmaking websites to highly intelligent, data-driven platforms that use artificial intelligence, behavioral insights, and preference-based algorithms to match users more effectively. The rise of mobile apps, digital socialization, and increased acceptance of online dating across age groups has made digital matchmaking a mainstream phenomenon. In 2023, the global online dating services market was…
Ambulatory Infusion Centers Market Outlook 2035: Transforming Outpatient Care Th …
Ambulatory infusion centers (AICs) have become one of the most rapidly expanding components of modern healthcare, driven by a growing emphasis on outpatient care solutions, the rising prevalence of chronic diseases, and increasing adoption of advanced biologics. These specialized centers provide infusion therapies outside of hospital settings, offering patients convenience, affordability, and improved treatment experiences. As healthcare systems worldwide shift toward models that prioritize cost savings, patient comfort, and efficient…
Amyloidosis Therapeutics Market Outlook 2035: Advancements in Rare Disease Treat …
The global healthcare landscape is witnessing a growing focus on rare diseases, propelled by increasing awareness, expanded diagnostic capabilities, and advancements in personalized medicine. Amyloidosis, a group of rare but severe conditions caused by the buildup of abnormal amyloid proteins in tissues and organs, has moved into the spotlight as medical science uncovers more effective treatments and diagnostic tools. The amyloidosis therapeutics market, valued at US$ 2.7 billion in 2024,…
More Releases for ITAM
IT Asset Management (ITAM) Services Market Key Players, Share and Forecast Outlo …
"The global IT Asset Management (ITAM) services market is anticipated to reach an estimated value of $12 billion in 2024. This market is projected to grow significantly, with an expected market value of approximately $22 billion by 2034, reflecting a Compound Annual Growth Rate (CAGR) of about 6.5% during the forecast period from 2025 to 2034."
Exactitude Consultancy., Ltd. released a research report titled "IT Asset Management (ITAM) Services Market". This…
Criteria for selecting the right ITAM software
Comprehensive guide to selecting IT asset management software: Optimizing efficiency and cost control with Asset.Desk
The most important facts in a nutshell
* Introduction: This guide takes you through the process of selecting IT asset management software to ensure efficient management and cost control of IT assets.
* Definition of ITAM: IT asset management improves the deployment and management of an organization's IT assets throughout their lifecycle.
* Fundamentals of software selection: Selecting the…
IT Asset Management (ITAM) Software Market: Growing Demand for Centralization an …
Some of the most prominent names in the global IT asset management software market have a very strong presence in North America, making the regional market an immensely competitive one. According to a study by Transparency Market Research (TMR), ServiceNow Inc., Cherwell Software Inc., Hewlett Packard Enterprise Development, and Aspera Technologies, Inc. are some of the leading names operating in the North America market. In order to gain competitive advantage…
Global IT Asset Management (ITAM) Software Market Drivers and Challenges Report …
“Global IT Asset Management (ITAM) Software Market by Manufacturers, Regions, Type and Application, Forecast to 2021“Purchase This Report by calling ResearchnReports.com at +1-888-631-6977.
The report analyzes the IT Asset Management (ITAM) Software market and gives an intricate examination of its applications. The report includes a detailed cost evaluation analysis of products that are available in the worldwide IT Asset Management (ITAM) Software market with regard to existing manufacturer profit margins. It…
Global IT Asset Management ITAM Software Market - Opportunities, Forecasts, Dema …
IT Asset Management (ITAM) Software is the software to implement the IT asset management activities. IT asset management (ITAM) is the set of business practices that join financial, contractual and inventory functions to support life cycle management and strategic decision making for the IT environment.
Scope of the Report:
• This report focuses on the IT Asset Management (ITAM) Software in Global market, especially in North America, Europe and Asia-Pacific, South America, Middle…
Global IT Asset Management ITAM Software Market Size & Application Forecasts 202 …
Bigmarketresearch.com include new market research report” Drones for Wind Turbine Inspection Market in the Global 2016-2021” to its huge collection of research reports.
IT Asset Management (ITAM) Software is the software to implement the IT asset management activities. IT asset management (ITAM) is the set of business practices that join financial, contractual and inventory functions to support life cycle management and strategic decision making for the IT environment.
Scope of the Report:
This…
