The global IT asset management (ITAM) software market is valued at US $ 955.6 Mn in 2019 and is expected to grow at a CAGR of 6.9% in the estimated period 2019-27.
IT asset management software refers to a range of application services and user-level services designed to efficiently manage an organization’s current IT assets in real-time. It combines IT resources, such as skilled and semi-skilled labor, with information technology resources, such as software development centers and network infrastructure, thus eliminating the need for staff. IT to separately perform these tasks. IT asset management software also provides IT managers with a dashboard to manage all the technology available in the enterprise. In addition, it eliminates IT staff functions and IT costs by automating IT asset management.
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Asia Pacific is expected to see significant growth during the forecast period and this is associated with the growing IT and software industry in the region. According to the India Brand Equity Foundation, India’s software companies are contributing to India’s economic growth with a cumulative growth of 60% per year offering IT services in more than 95 countries in the United States. worldwide. Currently, India is the 3rd fastest growing market for enterprise software.
Key Developments:
- In August 2020, globaledit, the provider of Creative Asset Management solutions, introduced its next generation Digital Asset Management platform, a new iteration that aims to solve the challenges of producing high-quality visuals assets to scale all from the cloud.
- In August 2017, Aprimo, the global provider of marketing operations technology and digital asset management solutions, announced the launch of full SaaS (Software as a Service) in its software leading the Digital Asset Management (DAM) category.
- In July, AMI, the provider of RFID and barcode IT asset management (ITAM) software, introduced ground-breaking audit and system configuration capabilities using AssetTrack® for ServiceNow 3.0.
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↳ Snow Software
^ Hewlett Packard Enterprise Development LP
Oracle Corporation
BMC Software Inc.
↳ Aspera Technologies Inc.
CA Technologies Inc.
LANDESK Software
Broadcom Inc.
ServiceNow Inc.
↳ Flexera Software LLC.
Cherwell Software Inc.
The growing need for centralization in IT infrastructure is a major factor driving the growth of the IT Asset Management software market. The expansion of the IT industry due to the increase in investment also contributes to the growth of the market. The expansion of the e-commerce industry due to the growing trend of digitalization is another major factor driving the growth of the IT asset management software market. According to the India Brand Equity Foundation, the Indian E-commerce market is expected to grow to US $ 200 billion by 2026 from US $ 38.5 billion in 2017. Much of the growth for the industry is triggered by the rise of the internet and penetration of smartphone. The country’s ongoing digital transformation is expected to increase India’s total internet user base to 829 million in 2021 from 636.73 million in 2019.
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Table of contents:-
Global IT Asset Management (ITAM) software Market Research Report 2022 – 2027
Chapter 1 IT Asset Management (ITAM) software Market Overview.
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition of Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Exports, Imports by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Labor Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Merchants
Chapter 11 Analysis of Market Impact Factors
Chapter 12 Global IT Asset Management (ITAM) Market Forecast software
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