The IT assets include the hardware component as well as the software component. IT asset management software has a prominent role in the growth strategy of an enterprise. It helps the senior level management to make accurate purchase decisions. IT asset management is also referred to as IT inventory management as it largely involves the collection of information, regarding hardware and software used in an organization.

The IT asset management software market is estimated to reach a valuation of USD 3 Bn towards the end of 2023. The software has developed a significant role in devising growth strategies of enterprises which is likely to accelerate its adoption over the next couple of years.

Additionally, the reduced cost of software licensing by relocating non-utilized resources is expected to fuel the growth of the market. IT asset management can be categorized as hardware asset management, digital asset management, and software asset management.

Competitive Dashboard:

Some of the key players profiled by MRFR in the report are Freshworks Inc. (U.S.), BMC Software (U.S.), Samanage Ltd (U.S.), Microsoft Corporation (U.S.), Wasp Barcode Technologies (U.S.), IBM Corporation (U.S.), HP, Inc (U.S.), Oracle Corporation (U.S.), Landesk Software (U.S.), CA Technologies (U.S.), Dell, Inc (U.S.), Symantec Corporation (U.S.), Ivanti (U.S.), Spiceworks Inc. (U.S.), Summit Software Pty Ltd (Australia), CGI Group Inc (Canada), Dude Solutions Inc (U.S.), eMaint (U.S.), IFS AB (Sweden), Infor (U.S.), SysAid Technologies Ltd (Israel), ServiceNow, Inc (U.S.), Asset Panda (U.S.), GRAGA Software Solutions Pty Ltd (Australia), and xAssets (U.K).

Segmentation:

By component, the [FURL=https://www.marketresearchfuture.com/reports/it-asset-management-software-market-920/]IT asset management software market[/FURL] is segmented into hardware, software, and services. The software segment is further sub-segmented into in-house developed software, and software licenses (COTS). The services segment is sub-segmented into professional and managed services.

By tools, the global IT asset management software market has been segmented into discovery/automated inventory, license management, patch & version management, request management, product/service catalog, digital asset management, and others.

By organization size, the IT asset management software market is segmented into small and medium enterprise, and large enterprise.

By end-user, the global IT asset management software market has been segmented into banking & financial service, retail, aerospace & defense, IT & telecom, energy & power, automotive & transportation, and others

By deployment, the IT asset management software market is segmented into on cloud, on-premise, and hybrid.

Also Read: [FURL]https://www.marketwatch.com/press-release/it-asset-management-software-market-to-expand-at-8-cagr-by-2023-impact-of-covid-19-on-it-asset-management-software-market-2020-06-10?mod=mw_quote_news /[/FURL]