Abstract
Summary
The IT asset management (ITAM) involves using contractual, financial, and inventory data to track and make strategic decisions about information technology (IT) assets. This enables easy identification and ensures that redundant assets are optimized for greater efficiency. In addition, it assists to optimize costs by reducing the total number of assets in use and extending the life of those assets, avoiding costly upgrades. Furthermore, IT assets are maintained according to the lifecycle stage such as asset repair, upgrade and replacement. Moreover, IT asset management leads to efficient use of resources, eliminate risk, minimizes waste and reduces cost. By implementing an ITAM solution, an enterprise gets real-time data on the state of all its assets and can make informed decisions about asset use. Furthermore, the IT asset management provides industries with flexibility and scalability to enable a smooth integration of business processes, which ultimately support the market growth.
Factors such as surge leveraging technology to cut costs and add capabilities and acceleration of digital transformation in enterprises due to COVID-19 outbreak, thus driving the growth of the market. In addition, surge in deployment of cloud-based IT asset management solutions, strengthens the market growth for the future. Furthermore, the emergence of industrial internet of things (IIoT) and industry 4.0 and expansion of Interconnected IT Infrastructures are expected to provide the lucrative growth opportunities for the market in the upcoming years. However, data security & privacy concerns, high initial cost associated with implementation and maintenance and lack of skilled professional hamper the market growth.
The IT asset management market is segmented into component, deployment model, enterprise size, industry vertical, and region. On the basis of component, it is bifurcated into solution and services. On the basis of deployment model, it is segregated into cloud and on-premise. On the basis of industry vertical, it is segregated into IT and telecom, manufacturing, BFSI, healthcare and life science, government and public sector, education, energy and utility and others. On the basis of organization size, it is categorized into SMEs and large enterprise. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The market players operating in the IT asset management market, include BMC Software Inc., Dell Inc., Flexera Software LLC, Freshworks Inc., HP Inc., IBM Corporation, IFS AB, Infor, Microsoft Corporation and Oracle Corporation. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, which help to drive the growth of the IT asset management market globally.
Key Benefits for Stakeholders
●The study provides an in-depth analysis of the global IT asset management market forecast along with the current and future trends to explain the imminent investment pockets.
●Information about key drivers, restraints, and opportunities and their impact analysis on global IT asset management market trend is provided in the report.
●The Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
●The quantitative analysis of the global IT asset management market from 2022 to 2031 is provided to determine the market potential.
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● Senario Analysis & Growth Trend Comparision
● Strategic Recommedations
● Additional company profiles with specific to client's interest
● Additional country or region analysis- market size and forecast
● Historic market data
● Key player details (including location, contact details, supplier/vendor network etc. in excel format)
● Market share analysis of players at global/region/country level
● SWOT Analysis
Key Market Segments
By Component
● Solution
● Service
By Deployment Model
● On Premise
● Cloud
By Enterprise Size
● Large Enterprises
● SMEs
By Industry Vertical
● IT and Telecom
● Manufacturing
● BFSI
● Healthcare and Life Science
● Government and Public Sector
● Education
● Energy and Utility
● Others
By Region
● North America
○ U.S.
○ Canada
● Europe
○ Germany
○ UK
○ France
○ Italy
○ Spain
○ Rest of Europe
● Asia-Pacific
○ China
○ Japan
○ India
○ Australia
○ South Korea
○ Rest of Asia-Pacific
● LAMEA
○ Latin America
○ Middle East
○ Africa
● Key Market Players
○ Snow Software AB
○ HP Inc.
○ BMC Software Inc.
○ Flexera Software LLC
○ Oracle Corporation
○ Dell Inc.
○ IBM Corporation
○ ServiceNow Inc.
○ Aspera Technologies Inc.
○ Microsoft Corporation
Table of Contents
1 INTRODUCTION
1.1 Report description
1.2 Key market segments
1.3 Key benefits to the stakeholders
1.4 Research methodology
1.4.1 Primary research
1.4.2 Secondary research
1.4.3 Analyst tools and models
2 EXECUTIVE SUMMARY
2.1 CXO Perspective
3 MARKET OVERVIEW
3.1 Market definition and scope
3.2 Key findings
3.2.1 Top impacting factors
3.2.2 Top investment pockets
3.3 Porter’s five forces analysis
3.3.1 Moderate to high bargaining power of suppliers
3.3.2 Moderate to high bargaining power of buyers
3.3.3 Moderate-to-high threat of substitutes
3.3.4 High threat of new entrants
3.3.5 High intensity of rivalry
3.4 Market dynamics
3.4.1 Drivers
- 3.4.1.1 Acceleration of digital transformation in enterprises due to COVID-19 outbreak engagement
- 3.4.1.2 Leveraging technology to cut costs and add capabilities
- 3.4.1.3 Surge in deployment of cloud-based IT asset management solutions
3.4.2 Restraints
- 3.4.2.1 Data security and privacy concerns
- 3.4.2.2 Lack of knowledge while selecting the solutions that perfectly match the businesses
3.4.3 Opportunities
- 3.4.3.1 The emergence of industrial internet of things (IIoT) and industry 4.0
- 3.4.3.2 Convergence of technologies such as AI, ML, IoT, and analytics
4 IT ASSET MANAGEMENT MARKET, BY COMPONENT
4.1 Overview
4.1.1 Market size and forecast
4.2 Solution
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3 Service
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
5 IT ASSET MANAGEMENT MARKET, BY DEPLOYMENT MODEL
5.1 Overview
5.1.1 Market size and forecast
5.2 On Premise
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3 Cloud
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
6 IT ASSET MANAGEMENT MARKET, BY ENTERPRISE SIZE
6.1 Overview
6.1.1 Market size and forecast
6.2 Large Enterprises
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3 SMEs
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country
7 IT ASSET MANAGEMENT MARKET, BY INDUSTRY VERTICAL
7.1 Overview
7.1.1 Market size and forecast
7.2 IT and Telecom
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market share analysis by country
7.3 Manufacturing
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market share analysis by country
7.4 BFSI
7.4.1 Key market trends, growth factors and opportunities
7.4.2 Market size and forecast, by region
7.4.3 Market share analysis by country
7.5 Healthcare and Life Science
7.5.1 Key market trends, growth factors and opportunities
7.5.2 Market size and forecast, by region
7.5.3 Market share analysis by country
7.6 Government and Public Sector
7.6.1 Key market trends, growth factors and opportunities
7.6.2 Market size and forecast, by region
7.6.3 Market share analysis by country
7.7 Education
7.7.1 Key market trends, growth factors and opportunities
7.7.2 Market size and forecast, by region
7.7.3 Market share analysis by country
7.8 Energy and Utility
7.8.1 Key market trends, growth factors and opportunities
7.8.2 Market size and forecast, by region
7.8.3 Market share analysis by country
7.9 Others
7.9.1 Key market trends, growth factors and opportunities
7.9.2 Market size and forecast, by region
7.9.3 Market share analysis by country
8 IT ASSET MANAGEMENT MARKET, BY REGION
8.1 Overview
8.1.1 Market size and forecast By Region
8.2 North America
8.2.1 Key market trends, growth factors and opportunities
8.2.2 Market size and forecast, by Component
8.2.3 Market size and forecast, by Deployment Model
8.2.4 Market size and forecast, by Enterprise Size
8.2.5 Market size and forecast, by Industry Vertical
8.2.6 Market size and forecast, by country
- 8.2.6.1 U.S
- 8.2.6.1.1 Market size and forecast, by Component
- 8.2.6.1.2 Market size and forecast, by Deployment Model
- 8.2.6.1.3 Market size and forecast, by Enterprise Size
- 8.2.6.1.4 Market size and forecast, by Industry Vertical
- 8.2.6.2 Canada
- 8.2.6.2.1 Market size and forecast, by Component
- 8.2.6.2.2 Market size and forecast, by Deployment Model
- 8.2.6.2.3 Market size and forecast, by Enterprise Size
- 8.2.6.2.4 Market size and forecast, by Industry Vertical
- 8.2.6.1 U.S
8.3 Europe
8.3.1 Key market trends, growth factors and opportunities
8.3.2 Market size and forecast, by Component
8.3.3 Market size and forecast, by Deployment Model
8.3.4 Market size and forecast, by Enterprise Size
8.3.5 Market size and forecast, by Industry Vertical
8.3.6 Market size and forecast, by country
- 8.3.6.1 Germany
- 8.3.6.1.1 Market size and forecast, by Component
- 8.3.6.1.2 Market size and forecast, by Deployment Model
- 8.3.6.1.3 Market size and forecast, by Enterprise Size
- 8.3.6.1.4 Market size and forecast, by Industry Vertical
- 8.3.6.2 UK
- 8.3.6.2.1 Market size and forecast, by Component
- 8.3.6.2.2 Market size and forecast, by Deployment Model
- 8.3.6.2.3 Market size and forecast, by Enterprise Size
- 8.3.6.2.4 Market size and forecast, by Industry Vertical
- 8.3.6.3 France
- 8.3.6.3.1 Market size and forecast, by Component
- 8.3.6.3.2 Market size and forecast, by Deployment Model
- 8.3.6.3.3 Market size and forecast, by Enterprise Size
- 8.3.6.3.4 Market size and forecast, by Industry Vertical
- 8.3.6.4 Italy
- 8.3.6.4.1 Market size and forecast, by Component
- 8.3.6.4.2 Market size and forecast, by Deployment Model
- 8.3.6.4.3 Market size and forecast, by Enterprise Size
- 8.3.6.4.4 Market size and forecast, by Industry Vertical
- 8.3.6.5 Spain
- 8.3.6.5.1 Market size and forecast, by Component
- 8.3.6.5.2 Market size and forecast, by Deployment Model
- 8.3.6.5.3 Market size and forecast, by Enterprise Size
- 8.3.6.5.4 Market size and forecast, by Industry Vertical
- 8.3.6.6 Rest of Europe
- 8.3.6.6.1 Market size and forecast, by Component
- 8.3.6.6.2 Market size and forecast, by Deployment Model
- 8.3.6.6.3 Market size and forecast, by Enterprise Size
- 8.3.6.6.4 Market size and forecast, by Industry Vertical
- 8.3.6.1 Germany
8.4 Asia-Pacific
8.4.1 Key market trends, growth factors and opportunities
8.4.2 Market size and forecast, by Component
8.4.3 Market size and forecast, by Deployment Model
8.4.4 Market size and forecast, by Enterprise Size
8.4.5 Market size and forecast, by Industry Vertical
8.4.6 Market size and forecast, by country
- 8.4.6.1 China
- 8.4.6.1.1 Market size and forecast, by Component
- 8.4.6.1.2 Market size and forecast, by Deployment Model
- 8.4.6.1.3 Market size and forecast, by Enterprise Size
- 8.4.6.1.4 Market size and forecast, by Industry Vertical
- 8.4.6.2 Japan
- 8.4.6.2.1 Market size and forecast, by Component
- 8.4.6.2.2 Market size and forecast, by Deployment Model
- 8.4.6.2.3 Market size and forecast, by Enterprise Size
- 8.4.6.2.4 Market size and forecast, by Industry Vertical
- 8.4.6.3 India
- 8.4.6.3.1 Market size and forecast, by Component
- 8.4.6.3.2 Market size and forecast, by Deployment Model
- 8.4.6.3.3 Market size and forecast, by Enterprise Size
- 8.4.6.3.4 Market size and forecast, by Industry Vertical
- 8.4.6.4 Australia
- 8.4.6.4.1 Market size and forecast, by Component
- 8.4.6.4.2 Market size and forecast, by Deployment Model
- 8.4.6.4.3 Market size and forecast, by Enterprise Size
- 8.4.6.4.4 Market size and forecast, by Industry Vertical
- 8.4.6.5 South Korea
- 8.4.6.5.1 Market size and forecast, by Component
- 8.4.6.5.2 Market size and forecast, by Deployment Model
- 8.4.6.5.3 Market size and forecast, by Enterprise Size
- 8.4.6.5.4 Market size and forecast, by Industry Vertical
- 8.4.6.6 Rest of Asia-Pacific
- 8.4.6.6.1 Market size and forecast, by Component
- 8.4.6.6.2 Market size and forecast, by Deployment Model
- 8.4.6.6.3 Market size and forecast, by Enterprise Size
- 8.4.6.6.4 Market size and forecast, by Industry Vertical
- 8.4.6.1 China
8.5 LAMEA
8.5.1 Key market trends, growth factors and opportunities
8.5.2 Market size and forecast, by Component
8.5.3 Market size and forecast, by Deployment Model
8.5.4 Market size and forecast, by Enterprise Size
8.5.5 Market size and forecast, by Industry Vertical
8.5.6 Market size and forecast, by country
- 8.5.6.1 Latin America
- 8.5.6.1.1 Market size and forecast, by Component
- 8.5.6.1.2 Market size and forecast, by Deployment Model
- 8.5.6.1.3 Market size and forecast, by Enterprise Size
- 8.5.6.1.4 Market size and forecast, by Industry Vertical
- 8.5.6.2 Middle East
- 8.5.6.2.1 Market size and forecast, by Component
- 8.5.6.2.2 Market size and forecast, by Deployment Model
- 8.5.6.2.3 Market size and forecast, by Enterprise Size
- 8.5.6.2.4 Market size and forecast, by Industry Vertical
- 8.5.6.3 Africa
- 8.5.6.3.1 Market size and forecast, by Component
- 8.5.6.3.2 Market size and forecast, by Deployment Model
- 8.5.6.3.3 Market size and forecast, by Enterprise Size
- 8.5.6.3.4 Market size and forecast, by Industry Vertical
- 8.5.6.1 Latin America
9 COMPETITIVE LANDSCAPE
9.1 Introduction
9.2 Top winning strategies
9.3 Product mapping of top 10 player
9.4 Competitive dashboard
9.5 Competitive heatmap
9.6 Top player positioning, 2021
10 COMPANY PROFILES
10.1 IBM Corporation
10.1.1 Company overview
10.1.2 Key executives
10.1.3 Company snapshot
10.1.4 Operating business segments
10.1.5 Product portfolio
10.1.6 Business performance
10.1.7 Key strategic moves and developments
10.2 Microsoft Corporation
10.2.1 Company overview
10.2.2 Key executives
10.2.3 Company snapshot
10.2.4 Operating business segments
10.2.5 Product portfolio
10.2.6 Business performance
10.2.7 Key strategic moves and developments
10.3 Dell Inc
10.3.1 Company overview
10.3.2 Key executives
10.3.3 Company snapshot
10.3.4 Operating business segments
10.3.5 Product portfolio
10.3.6 Business performance
10.3.7 Key strategic moves and developments
10.4 HP Inc
10.4.1 Company overview
10.4.2 Key executives
10.4.3 Company snapshot
10.4.4 Operating business segments
10.4.5 Product portfolio
10.4.6 Business performance
10.4.7 Key strategic moves and developments
10.5 Oracle Corporation
10.5.1 Company overview
10.5.2 Key executives
10.5.3 Company snapshot
10.5.4 Operating business segments
10.5.5 Product portfolio
10.5.6 Business performance
10.6 BMC Software Inc
10.6.1 Company overview
10.6.2 Key executives
10.6.3 Company snapshot
10.6.4 Operating business segments
10.6.5 Product portfolio
10.6.6 Key strategic moves and developments
10.7 ServiceNow Inc
10.7.1 Company overview
10.7.2 Key executives
10.7.3 Company snapshot
10.7.4 Operating business segments
10.7.5 Product portfolio
10.7.6 Business performance
10.8 Flexera Software LLC
10.8.1 Company overview
10.8.2 Key executives
10.8.3 Company snapshot
10.8.4 Operating business segments
10.8.5 Product portfolio
10.8.6 Key strategic moves and developments
10.9 Snow Software AB
10.9.1 Company overview
10.9.2 Key executives
10.9.3 Company snapshot
10.9.4 Operating business segments
10.9.5 Product portfolio
10.10 Aspera Technologies Inc
10.10.1 Company overview
10.10.2 Key executives
10.10.3 Company snapshot
10.10.4 Operating business segments
10.10.5 Product portfolio