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.
The 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:
The 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.
- CA Technologies
- Snow Software
Other prominent vendors
- Express Metrix
- Vector Networks
- Increased regulatory compliance on software asset licenses
- Interoperability issues and lack of comprehensive integration strategy
- Bundled offerings specific to enterprise requirements
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?
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- Market segmentation
- Review period
- Report considerations
- Standard currency conversion rates
- Research methodology
- Economic indicators
- Key market highlights
- Market overview
- Market size and forecast
- Global ITAM market by deployment type
- Global ITAM market by end-users
- Geographic segmentation of ITAM market
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Five forces model
PART 16: Vendor landscape
- Competitive scenario
- Vendor matrix
- Key vendor offerings
- Key vendor profiles
- Other prominent vendors
- List of abbreviations
List of Exhibits
Exhibit 01: Countries covered for market analysis
Exhibit 02: Stages of asset life cycle management
Exhibit 03: Process of reporting and analytics
Exhibit 04: Overview of global ITAM market
Exhibit 05: Global ITAM market 2015-2020 ($ billions)
Exhibit 06: Global ITAM market by deployment type 2015 (% share)
Exhibit 07: Comparison of cloud-based and on-premises ITAM software
Exhibit 08: Global ITAM market by end-user 2015 (% share)
Exhibit 09: Geographic segmentation of ITAM market 2015 (% share)
Exhibit 10: Geographic segmentation of ITAM market 2015-2020 ($ billions)
Exhibit 11: ITAM market in Americas 2015-2020 ($ billions)
Exhibit 12: ITAM market in EMEA 2015-2020 ($ billions)
Exhibit 13: ITAM market in APAC 2015-2020 ($ billions)
Exhibit 14: Buying criteria for ITAM software
Exhibit 15: Impact of drivers
Exhibit 16: Cost of implementation of ITAM software (% of total cost)
Exhibit 17: Impact of drivers and challenges
Exhibit 18: Cloud-based ITAM market 2015 and 2020 (% share)
Exhibit 19: Five forces analysis
Exhibit 20: Deployment model supported by ITAM vendors
Exhibit 21: Features provided by ITAM vendors
Exhibit 22: End-user support provided by ITAM vendors
Exhibit 23: Licensing options provided by ITAM vendors
Exhibit 24: Geographic presence of ITAM vendors
Exhibit 25: Customer size of ITAM vendors
Exhibit 26: Service offerings
Exhibit 27: Product offerings
Exhibit 28: Snow Software: Company information
Exhibit 29: Snow Software: Products and description
Exhibit 30: Livingstone: Products and description
The author of the report 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 the research 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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
- Snow Software
- Express Metrix
- Vector Networks