Research Reports
What is Next of IT Asset Management (ITAM) software Matket?
Published by Coherent Market Insights
Posted on September 24, 2021
3 min readLast updated: February 2, 2026
Global Banking & Finance Review®
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Published by Coherent Market Insights
Posted on September 24, 2021
3 min readLast updated: February 2, 2026
The IT asset management software market, valued at $955.6 Mn in 2019, is set to grow at a 6.9% CAGR by 2027, driven by key players like Snow Software.
United States/WA: The global IT asset management (ITAM) software market was valued US$ 955.6 Mn in 2019 and expected to grow at a CAGR of 6.9% over the forecasted period 2019-27.
Report Pages:[130 Pages]
The Competitive Area of the IT Asset Management (ITAM) software Market is Defined by Key Players Like:-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, and Cherwell Software Inc
The ultimate goal of ITAM is to provide the best possible ROI to the business when it comes to IT asset consumption. From negotiating favorable contract terms, to enabling proactive maintenance and eliminating downtime, to recouping value from retiring assets, the practice of systematic IT asset management helps reduce the total cost of ownership or TCO. Beyond benefits to the bottom line, this helps the business afford to upgrade to the latest technologies more quickly than it otherwise might and gain a competitive advantage.
Asset management keeps information updated, so teams eliminate waste and improve utilization. It saves money by helping avoid unnecessary purchases and cutting licensing and support costs. Increased control also enforces compliance with security and legal policies and reduces risks. The positive implications on costs and productivity benefit the entire organization.
ITAM’s ability to foster deeper insights into your organization’s IT assets can help IT executives visualize the ROI on IT assets and deliver data to other key stakeholders on how those assets directly benefit the company’s business goals. Employees in an organization are considered the customers of IT asset management, and a successful ITAM strategy will bridge the gap between technical requirements and business needs, ensuring everyone in the organization is working toward the same organizational goals. Introducing any new technology or tool to your organization means change is coming, and people aren’t always ready for the disruption it will bring to their daily work grinds.
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The post What is Next of IT Asset Management (ITAM) software Matket? appeared first on Gatorledger.
The article discusses the growth and future of the IT asset management software market.
Key players include Snow Software, Oracle, and Hewlett Packard Enterprise.
ITAM reduces costs, enhances ROI, ensures compliance, and reduces risks.
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