Sarasota, FL -- (SBWIRE) -- 02/21/2018 -- Global IT Asset Management (ITAM) Software Market: Overview

The software utilized for the implementation of IT asset management activities is known as IT asset management (ITAM) software Market. The IT asset management software can also be defined as a group of business practices joining contractual, financial, as well as inventory functions in order to maintain strategic decision-making and life cycle management in the IT field. IT asset management is a group of processes that allow companies to comprehend information regarding asset usage, locations, as well as performance to take appropriate decisions at every phase of life cycle. The IT asset management software is a solitary comprehensive set managing hardware and software discovery, software licensing compliance, management of financial and lifecycle in any organization. With the help of ITAM software, an organization can manage effective and efficient IT inventory management that too at affordable cost along with improved productivity.

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Global IT Asset Management (ITAM) Software Market: Growth Factors

The increasing focus on the allegiance to compliance policies and security is the major factor boosting the growth of the global IT asset management software market all around the world. Other key factor propelling the global market growth is the need for centralization and automation of IT frameworks. Rising number of companies have been opting establishing and consolidation of centralized and streamlined IT operations. This factor is anticipated to positively impact the growth of the global IT asset management software market in the near future. On the other hand, struggle of various organizations for decreasing the operational costs due to the additional cost related with the installation is expected to hamper the global IT asset management software market to some extent.

Global IT Asset Management (ITAM) Software Market: Segmentation

The global IT asset management software market is segmented on the basis of type, application, size, and deployment type. Based on the type, the global market is classified as software asset management and hardware asset management. On the basis of application, the global IT asset management software market is diversified as pharm & medical, government, transportation, bank & finance, telecom and IT, energy, healthcare, manufacturing, and others. Based on the enterprise size, the global market is segmented as large enterprises and SMEs. On the basis of deployment type, the global IT asset management software market is further diversified into cloud, on premise, and hybrid.

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Global IT Asset Management (ITAM) Software Market: Regional Analysis

North America is anticipated to be the leading player in the global IT asset management software market majorly owing to the rapidly growing IT industry and growing awareness regarding the benefits of ITAM. Additionally, stringent software audit policies and increasing government regulations in North America are other factors boosting the growth of the global IT asset management software market in the near future. In addition, rising demand for automation and centralization is enhancing the global IT asset management software market growth in this region.

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Global IT Asset Management (ITAM) Software Market: Competitive Players

Some of the major players in the global IT asset management software market include BMC, Microsoft, Symantec, IBM Software, JustSAMIt, Attachmate, Samanage, Scalable Software, Freshservice, and Hewlett Packard. Other players dominating the global market include Deloitte, Spiceworks, Lansweeper, Real Asset Management, InvGate, LabTech, StacksWare, Auvik, eAbax, INSPUR, ManageEngine, Chevin FleetWave, and Atlassian.

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