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Global IT Asset Management Market 2016-2020

Global IT Asset Management Market 2016-2020

About IT Asset Management

ITAM software allows organizations to efficiently manage their computer hardware and software inventories, correlate assets to contracts and financial records such as software licenses and equipment leases, and detect and prevent IT and regulatory risks to their various technology components. The software ensures that all of the IT systems in the organization are operating efficiently. The software includes tools to detect any failure in IT systems, including servers, storage and networking devices, software suites, and PCs.

Technavio’s analysts forecast the global IT asset management (ITAM) market to grow at a CAGR of 7.52% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global IT asset management (ITAM) market for 2016-2020. To calculate the market size, the report covers the present scenario and prospects of the global ITAM market for the period 2016-2020. Also, it focuses on the major drivers of the market. In addition, it outlines the challenges faced by vendors and the market at large, as well as the key emerging trends.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global IT Asset Management (ITAM) Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • CA Technologies
  • IBM
  • Oracle
  • SolarWinds
  • BMC
  • Snow Software
  • Livingstone
Other prominent vendors
  • Agiloft
  • Axios
  • Cherwell
  • Eracent
  • Express Metrix
  • Freshservice
  • HP
  • Innotas
  • InvGate
  • iQuate
  • Kaseya
  • LabTech
  • Landesk
  • Provance
  • Samanage
  • ServiceNow
  • Symantec
  • SysAid
  • Vector Networks
Market driver
  • Increased regulatory compliance on software asset licenses
  • For a full, detailed list, view our report
Market challenge
  • Interoperability issues and lack of comprehensive integration strategy
  • For a full, detailed list, view our report
Market trend
  • Bundled offerings specific to enterprise requirements
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global IT Asset Management (ITAM) Market 2016-2020

Technavio recognizes the following companies as the key players in the global IT asset management (ITAM) market: CA Technologies, IBM, Oracle, SolarWinds, BMC, Snow Software, and Livingstone.

Other Prominent Vendors in the market are: Agiloft, Axios, Cherwell, Eracent, Express Metrix, Freshservice, HP, Innotas, InvGate, iQuate, Kaseya, LabTech, Landesk, Provance, Samanage, ServiceNow, Symantec, SysAid, and Vector Networks.

Commenting on the report, an analyst from Technavio’s team said: “Increased adoption of hybrid deployment model will be a key trend for market growth. The hybrid deployment model for ITAM software is gaining pace over the cloud-based model. In order to overcome the shortcomings of both on-premises and SaaS models, some customers prefer a hybrid model. Hybrid models are flexible and offer customization to suit the needs of customers. As this model provides automatic upgrades and the ability to handle complex IT transactions, it is also one of the most advanced models of deployment. Firms that want to increase their ITAM capabilities without adding servers or related infrastructure are interested in hybrid models. However, there are also some concerns regarding this model. Instead of giving the best of both on-premises and SaaS models, it can result in creating unnecessary complications for the firm's IT operations.”

According to the report, one of the key drivers for market growth will be the growing demand for cloud-based IT Asset Management software. For most organizations, the key benefit of cloud-based ITAM software is the associated cost benefit, especially because of its subscription-based pricing model. This means firms pay a subscription fee on a monthly or yearly basis, which covers everything from operations to maintenance. This model is affordable for most companies. As all hardware and software components are integrated into the cloud, there is no need for any IT infrastructure to be built at the firm's end. Also, there is no need for storage and network equipment, which reduces the need for staff required to maintain it. Thus, a firm can achieve considerable cost savings. However, it is limited to the short-term only. As firms grow and expand, the demand for improved IT services and IT infrastructure also increases.

Further, the report states that high installation costs will be a challenge for the market. The high cost of installing ITAM software is one of the major challenges of the market. The cost of ITAM applications includes the price of licensing, system design and customization, implementation, training, and maintenance. After purchasing a license, organizations also want to hire an expert for proper implementation of the software. They might also need to employ an in-house team of IT experts for the proper upkeep of the application. In addition, after implementation, ITAM software needs to be upgraded according to current market trends, which is one of the major challenges in terms of cost for SMEs.

Companies Mentioned

CA Technologies, IBM, Oracle, SolarWinds, BMC, Snow Software, Livingstone, Agiloft, Axios, Cherwell, Eracent, Express Metrix, Freshservice, HP, Innotas, InvGate, iQuate, Kaseya, LabTech, Landesk, Provance, Samanage, ServiceNow, Symantec, SysAid, Vector Networks.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market segmentation
      • Table Countries covered for market analysis
    • Vendors
    • Review period
    • Report considerations
    • Standard currency conversion rates
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • ITAM
      • Table Stages of asset life cycle management
      • Table Process of reporting and analytics
  • Market landscape
    • Market overview
      • Table Overview of global ITAM market
    • Market size and forecast
      • Table Global ITAM market 2015-2020 ($ billions)
  • Market segmentation by deployment type
    • Global ITAM market by deployment type
      • Table Global ITAM market by deployment type 2015 (% share)
      • Table Comparison of cloud-based and on-premises ITAM software
  • Market segmentation by end-users
    • Global ITAM market by end-users
      • Table Global ITAM market by end-user 2015 (% share)
  • Geographic segmentation
    • Geographic segmentation of ITAM market
      • Table Geographic segmentation of ITAM market 2015 (% share)
      • Table Geographic segmentation of ITAM market 2015-2020 ($ billions)
    • Americas
      • Table ITAM market in Americas 2015-2020 ($ billions)
    • EMEA
      • Table ITAM market in EMEA 2015-2020 ($ billions)
    • APAC
      • Table ITAM market in APAC 2015-2020 ($ billions)
  • Buying criteria
    • Table Buying criteria for ITAM software
  • Market drivers
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Table Cost of implementation of ITAM software (% of total cost)
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table Cloud-based ITAM market 2015 and 2020 (% share)
  • Five forces model
    • Table Five forces analysis
  • Vendor landscape
    • Competitive scenario
    • Vendor matrix
      • Table Deployment model supported by ITAM vendors
      • Table Features provided by ITAM vendors
      • Table End-user support provided by ITAM vendors
      • Table Licensing options provided by ITAM vendors
      • Table Geographic presence of ITAM vendors
      • Table Customer size of ITAM vendors
  • Key vendor profiles and products
    • Key vendor offerings
      • Table Service offerings
      • Table Product offerings
    • Key vendor profiles
      • Table Snow Software: Company information
      • Table Snow Software: Products and description
      • Table Livingstone: Products and description
    • Other prominent vendors
    • Assumptions
  • Appendix
    • List of abbreviations
  • Explore Technavio

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