Explore the growing IT Asset Management Software market, covering key trends
Recent industry developments highlight the growing importance of ITAM in digital-first enterprises. Companies like IBM, ServiceNow, and Ivanti have launched enhanced solutions featuring AI-driven insights and cloud-native platforms. These innovations allow businesses to automate asset discovery, optimize license usage, and ensure compliance with regulatory standards. In 2024, Ivanti introduced its Neurons platform updates with predictive analytics capabilities, further streamlining asset operations. Meanwhile, market players are investing in strategic partnerships and acquisitions to expand their offerings and geographic presence. For instance, Flexera’s acquisition of Revulytics has strengthened its software monetization and asset tracking services. Additionally, rising concerns over software audits and security vulnerabilities have led to increased regulatory scrutiny, pushing companies to adopt more comprehensive ITAM frameworks.
Source - https://www.marketresearchfuture.com/reports/it-asset-management-software-market-920
The IT Asset Management Software market is segmented by component, deployment mode, organization size, end-use industry, and geography. By component, the market includes software and services, with software dominating due to increasing digital asset complexity. Deployment-wise, cloud-based ITAM solutions are gaining popularity for their scalability, real-time tracking, and reduced maintenance costs. On the other hand, on-premises solutions remain vital for organizations with stringent data security needs. Based on organization size, large enterprises lead adoption due to extensive IT infrastructures, while SMEs are rapidly embracing cloud-based models for cost-efficiency. Industry-wise, BFSI, healthcare, retail, IT & telecom, manufacturing, and government sectors are major adopters. Each industry leverages ITAM software to ensure compliance, track assets, and support IT governance and risk management strategies.
Several leading companies are shaping the IT Asset Management Software landscape through continuous innovation and global expansion. Notable players include IBM Corporation, ServiceNow Inc., BMC Software, Ivanti Inc., Freshworks Inc., Flexera, ManageEngine (a division of Zoho Corporation), and SolarWinds. These companies offer a wide range of ITAM solutions tailored to meet enterprise needs, from automated discovery tools to advanced analytics dashboards. For instance, ServiceNow’s ITAM suite seamlessly integrates with its broader IT Service Management (ITSM) framework, offering users a unified IT operations experience. Similarly, Flexera provides a cloud-native platform that delivers comprehensive visibility across on-premise, SaaS, and cloud assets. Strategic investments in R&D and AI technologies are enabling these firms to deliver smarter, faster, and more secure asset management tools.