To know about the other trends - Download the FREE sample report in MINUTES
Read the 120-page report with TOC on "IT Asset Management Software Market Analysis Report by Deployment (On-premises and Cloud-based) and Geography (North America, Europe, APAC, Middle East and Africa, and South America), and the Segment Forecasts,2022-2026". Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales, and supply functions. https://www.technavio.com/report/report/it-asset-management-software-market-share-industry-analysis
IT Asset Management Software Market: Drivers & Challenges
The key factors driving the global information technology (IT) asset management software market growth is the rapid adoption of asset management software and the growing importance of asset tracking. IT asset management and tracking systems are aimed at reducing the labor required for extracting information on the location, configuration, and identification of computer hardware and software while increasing the reliability and completeness of this information. Furthermore, asset management systems also reduce the risks associated with regulatory compliance, software licensing, and security vulnerabilities. With the growing importance of asset management solutions, vendors such as BMC (Boston Medical Center) Software, Infor, IBM, HPE, and ServiceNow are offering asset management and tracking solutions. Therefore, such factors are expected to drive the IT asset management software market during the forecast period.
However, the key challenges to the global information technology asset management software market growth are the integration and implementation issues. The selection of the right asset management tool is a major challenge faced by organizations. The organizations that fail to understand or conduct proper research on their business requirements and capabilities and limitations of solutions could end up with ineffective deployments. Furthermore, organizations also find it difficult to integrate IT asset management software into the existing business applications due to the lack of expertise and knowledge of customization of asset management software according to the business needs, which acts as a major challenge for the growth of the global IT asset management software market. Moreover, the deployment cost of asset management solutions is another challenge faced by organizations. Such factors may hamper the market growth during the forecast period.
To know about more drivers & challenges - Download a free sample now!
Some of the key IT Asset Management Software Players:
The IT asset management software market is fragmented and the vendors are deploying growth strategies such as technological innovations, mergers, and partnerships to compete in the market.
- BMC Software Inc.
- Certero Ltd.
- Datalogic Spa
- Dell Technologies Inc.
- Flexera Software LLC
- Freshworks Inc.
- Hewlett Packard Enterprise Co.
- International Business Machines Corp.
- InvGate
- Ivanti Inc.
- Koch Industries Inc.
- Microsoft Corp.
- Oracle Corp.
- PrismHR Inc.
- SAP SE
- ServiceNow Inc.
- Snow Software AB
- SolarWinds Corp.
- SysAid Technologies Ltd.
- Ziff Davis LL
IT Asset Management Software Market: Segmentation Analysis
Deployment Outlook (Revenue, USD bn, 2021-2026)
- On-premises - size and forecast 2021-2026
- Cloud-based - size and forecast 2021-2026
Geography Outlook (Revenue, USD bn, 2021-2026)
- North America - size and forecast 2021-2026
- Europe - size and forecast 2021-2026
- APAC - size and forecast 2021-2026
- Middle East and Africa - size and forecast 2021-2026
- South America - size and forecast 2021-2026
To know about the market contribution of each segment - Grab an Exclusive FREE Sample Report
Related Reports:
- The compensation software market share is expected to increase by USD 5.21 billion from 2021 to 2026, at a CAGR of 10.86%. Download a free sample now!
- The cloud microservices market share is expected to increase by USD 1.59 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 25.1%. Download a free sample now!
IT Asset Management Software Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.77% |
Market growth 2022-2026 |
USD 4.23 billion |
Market structure |
Fragmented |
YoY growth (%) |
6.35 |
Performing market contribution |
North America at 32% |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
BMC Software Inc., Certero Ltd., Datalogic Spa, Dell Technologies Inc., Flexera Software LLC, Freshworks Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., InvGate, Ivanti Inc., Koch Industries Inc., Microsoft Corp., Oracle Corp., PrismHR Inc., SAP SE, ServiceNow Inc., Snow Software AB, SolarWinds Corp., SysAid Technologies Ltd., and Ziff Davis LLC |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Content
1. Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
Exhibit 06: Executive Summary – Chart on Incremental Growth
Exhibit 07: Executive Summary – Data Table on Incremental Growth
Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2. Market Landscape
2.1 Market ecosystem
Exhibit 09: Parent market
Exhibit 10: Market Characteristics
3. Market Sizing
3.1 Market definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 12: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 17: Five forces analysis - Comparison between2021 and 2026
4.2 Bargaining power of buyers
Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5. Market Segmentation by Deployment
5.1 Market segments
Exhibit 24: Chart on Deployment - Market share 2021-2026 (%)
Exhibit 25: Data Table on Deployment - Market share 2021-2026 (%)
5.2 Comparison by Deployment
Exhibit 26: Chart on Comparison by Deployment
Exhibit 27: Data Table on Comparison by Deployment
5.3 On-premises - Market size and forecast 2021-2026
Exhibit 28: Chart on On-premises - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on On-premises - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on On-premises - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on On-premises - Year-over-year growth 2021-2026 (%)
5.4 Cloud-based - Market size and forecast 2021-2026
Exhibit 32: Chart on Cloud-based - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Cloud-based - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Cloud-based - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Cloud-based - Year-over-year growth 2021-2026 (%)
5.5 Market opportunity by Deployment
Exhibit 36: Market opportunity by Deployment ($ million)
6. Customer landscape
Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
6.1 Customer landscape overview
Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7. Geographic Landscape
7.1 Geographic segmentation
Exhibit 38: Chart on Market share by geography 2021-2026 (%)
Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
7.2 Geographic comparison
Exhibit 40: Chart on Geographic comparison
Exhibit 41: Data Table on Geographic comparison
7.3 North America - Market size and forecast 2021-2026
Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
7.4 Europe- Market size and forecast 2021-2026
Exhibit 46: Chart on Europe- Market size and forecast 2021-2026 ($ million)
Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
7.5 APAC - Market size and forecast 2021-2026
Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
7.6 Middle East and Africa - Market size and forecast 2021-2026
Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
7.7 South America - Market size and forecast 2021-2026
Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
7.8 US - Market size and forecast 2021-2026
Exhibit 62: Chart on US- Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on US- Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on US- Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on US- Year-over-year growth 2021-2026 (%)
7.9 China - Market size and forecast 2021-2026
Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
7.10 Germany - Market size and forecast 2021-2026
Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
7.11 Canada - Market size and forecast 2021-2026
Exhibit 74: Chart on Canada - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on Canada - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on Canada - Year-over-year growth 2021-2026 (%)
7.12 UK - Market size and forecast 2021-2026
Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
7.13 Market opportunity by geography
Exhibit 82: Market opportunity by geography ($ million)
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Rapid adoption of asset management software and the growing importance of asset tracking
8.1.2 Increasing need to comply with asset management standards
8.1.3 Expansion of IT infrastructure
8.2 Market challenges
8.2.1 Integration and implementation issues
8.2.2 Increasing availability of open-source asset management solutions
8.2.3 Asset diversity
8.3 Impact of drivers and challenges
Exhibit 83: Impact of drivers and challenges in 2021 and 2026
8.4 Market trends
8.4.1 Growing adoption of cloud-based asset management software services
8.4.2 Rapid proliferation of bring your own device (BYOD) policy
8.4.3 Evolution of the Internet of Things (IoT) and a rapidly growing number of IoT devices
9. Vendor Landscape
9.1 Overview
9.2 Vendor landscape
Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
9.3 Landscape disruption
Exhibit 85: Overview on factors of disruption
9.4 Industry risks
Exhibit 86: Impact of key risks on business
10. Vendor Analysis
10.1 Vendors covered
Exhibit 87: Vendors covered
10.2 Market positioning of vendors
Exhibit 88: Matrix on vendor position and classification
10.3 BMC Software Inc.
Exhibit 89: BMC Software Inc. - Overview
Exhibit 90: BMC Software Inc. - Product / Service
Exhibit 91: BMC Software Inc. - Key offerings
10.4 Dell Technologies Inc.
Exhibit 92: Dell Technologies Inc. - Overview
Exhibit 93: Dell Technologies Inc. - Business segments
Exhibit 94: Dell Technologies Inc. - Key news
Exhibit 95: Dell Technologies Inc. - Key offerings
Exhibit 96: Dell Technologies Inc. - Segment focus
10.5 Hewlett Packard Enterprise Co.
Exhibit 97: Hewlett Packard Enterprise Co. - Overview
Exhibit 98: Hewlett Packard Enterprise Co. - Business segments
Exhibit 99: Hewlett Packard Enterprise Co. - Key news
Exhibit 100: Hewlett Packard Enterprise Co. - Key offerings
Exhibit 101: Hewlett Packard Enterprise Co. - Segment focus
10.6 International Business Machines Corp.
Exhibit 102: International Business Machines Corp. - Overview
Exhibit 103: International Business Machines Corp. - Business segments
Exhibit 104: International Business Machines Corp. - Key offerings
Exhibit 105: International Business Machines Corp. - Segment focus
10.7 Ivanti Inc.
Exhibit 106: Ivanti Inc. - Overview
Exhibit 107: Ivanti Inc. - Product / Service
Exhibit 108: Ivanti Inc. - Key news
Exhibit 109: Ivanti Inc. - Key offerings
10.8 Koch Industries Inc.
Exhibit 110: Koch Industries Inc. - Overview
Exhibit 111: Koch Industries Inc. - Product / Service
Exhibit 112: Koch Industries Inc. - Key offerings
10.9 Microsoft Corp.
Exhibit 113: Microsoft Corp. - Overview
Exhibit 114: Microsoft Corp. - Business segments
Exhibit 115: Microsoft Corp. - Key news
Exhibit 116: Microsoft Corp. - Key offerings
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
Share this article