Report Scope & Overview:

IT Asset Management (ITAM) Software Market size was valued at USD 6.60 Bn in 2022 and is expected to reach USD 12.14 Bn by 2030, and grow at a CAGR of 7.91% over the forecast period 2023-2030.

IT Asset Management (ITAM) is a type of business management that is directly related to an organization's IT infrastructure. Manage the whole life cycle of these assets, it includes inventory, financial, contractual, and risk management activities. It entails obtaining extensive information on hardware and software inventory to assist the company in managing the asset's procurement and use.

IT Asset Management (ITAM) Software market Revenue 2030

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Asset management is essential for a company to monitor asset utilization and keep asset acquisition costs under control. IT asset management software is software that is used to monitor an organization's IT-related assets. IT assets include both software and hardware components. IT asset management software is critical to an organization's growth plan. It assists top management in making prudent purchasing decisions. The IT asset management software business is often known as IT inventory management since it entails gathering information about the enterprise's hardware and software.



  • Growing need for IT infrastructure centralization and automation.

  • A growing emphasis on asset cost, compliance, and security.


  • High deployment expenditures are necessary.

  • Small and medium-sized businesses have a low level of awareness.


  • Increased usage of current technology and cloud-based solutions, paired with stringent regulatory standards

  • The advent of IoT and M2M may open up new business prospects.


The impact of the coronavirus outbreak and the subsequent shutdown is visible in financial markets. Every firm will have to fight on both fronts - health and economic - during this period of forced recession. The global economy has slowed, but there are hopes that the IT Asset management software market report will be steady and rebounding by the first quarter of the following fiscal year.


During the projection period, the big enterprise sector of the IT asset management market will have the most growth. IT Asset Management Software and services are increasingly being used to manage and address concerns such as security, organizational restructuring, and open standard-based interfaces. These applications and services increase storage requirements. Large organizations utilize software asset management systems for licensing management, software discovery, optimization, and metering. These characteristics are also predicted to drive more major organizations to rapidly embrace software asset management solutions and services. This field has tremendous promise and will prosper in the software asset management market in the next years.

Because of its low cost and simple availability, the cloud sector of the IT asset management market is predicted to develop at the fastest rate throughout the forecast period. Cloud-based asset management software solutions are increasingly being used in areas like as banking, financial services, insurance (BFSI), healthcare, retail, government, IT and telecommunications, manufacturing, and others. Because of cloud improvements, IT asset management is getting easier. It has enormous potential to create value and assist businesses in lowering costs and improving operational efficiency. With the development of SaaS apps, the number of possibilities for lowering the total cost of ownership has grown considerably.

The worldwide market is divided into two segments: software asset management and hardware asset management. Among these two software asset management segments, software asset management held the biggest share in 2021 and is predicted to maintain its dominance with a rising CAGR throughout the forecasted period. This expansion might be ascribed to the increased demand for software asset management among IT organizations.

The worldwide IT asset management software market is divided into five applications: telecom and IT, BFSI, pharmaceutical & medical, government, transportation, energy & utilities, healthcare, manufacturing, and others. These industries all have a high demand for IT asset management software, but the energy and utility sectors, as well as the government sector, are expanding fast and are likely to be the key contributors to worldwide market development in the next years.


On The Basis of Type

  • Hardware

  • Software

On The Basis of Deployment Type

  • Cloud

  • On-premise

On The Basis of Enterprise Size

  • Small and Medium

  • Large

On The Basis of End-user Industry

  • IT and Telecom

  • BFSI

  • Healthcare

  • Retail

  • Manufacturing

  • Government

  • Other End-user Industries

IT Asset Management (ITAM) Software market Segment Pie Chart

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Because of the increased need for safe and quicker storage devices, the worldwide IT asset management software market is predicted to rise at a substantial rate over the forecasted period. The report is marked by a regional examination of the IT asset management software market for several areas. North America now dominates the IT asset management software market due to strong investment in technology, attention to the demands of complicated software lifecycle management, and severe rules and regulations around asset acquisition. These characteristics encourage firms to employ a system that may reduce variable costs of purchases while also maintaining balance by keeping track of demand and supply.


  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America


The major key players are Dell Inc., Microsoft Corporation, IBM Corporation, BMC Software Inc., HP Inc., ServiceNow Inc., Oracle Corp, Flexera Software LLC, Ivanti, Aspera Technologies Inc. & Other Players

IT Asset Management (ITAM) Software Market Report Scope:
Report Attributes Details
 Market Size in 2022

 US$ 6.60 Bn

 Market Size by 2030

 US$ 12.14 Bn


 CAGR of 7.91% From 2023 to 2030

 Base Year


 Forecast Period


 Historical Data


 Report Scope & Coverage

Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook

 Key Segments

• By Type (Hardware and Software)
• By Deployment Type (Cloud and On-premise)
• By Enterprise Size (Small and Medium and Large)
• By End-user Industry (IT and Telecom, BFSI, Healthcare, Retail, Manufacturing, Government, Other End-user Industries)

 Regional Analysis/Coverage

North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)

 Company Profiles

Dell Inc., Microsoft Corporation, IBM Corporation, BMC Software Inc., HP Inc., ServiceNow Inc., Oracle Corp, Flexera Software LLC, Ivanti, Aspera Technologies Inc.

 Key Drivers

• Growing need for IT infrastructure centralization and automation
• A growing emphasis on asset cost, compliance, and security


• Increased usage of current technology and cloud-based solutions, paired with stringent regulatory standards
• The advent of IoT and M2M may open up new business prospects


Frequently Asked Questions

Ans: - The IT Asset Management (ITAM) Software Market size is estimated to reach US$ 12.14 Bn by 2030.

Ans: - North America now dominates the IT asset management software market.

Ans: - The segments covered in the IT Asset Management (ITAM) Software Market report for study are on the Basis of Type, Deployment Type, Enterprise Size, End-user Industry.

Ans: - High deployment expenditures are necessary and small and medium-sized businesses have a low level of awareness.

Ans: - The IT Asset Management (ITAM) Software market is growing at a CAGR of 7.91% over the forecast period 2023-2030.

Table of Contents


1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions


2. Research Methodology


3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges


4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World


5. Value Chain Analysis


6. Porter’s 5 forces model


7. PEST Analysis


8. IT Asset Management (ITAM) Software Market Segmentation, by Type

8.1 Hardware

8.2 Software


9. IT Asset Management (ITAM) Software Market Segmentation, by Deployment Type

9.1 Cloud

9.2 On-premise


10. IT Asset Management (ITAM) Software Market Segmentation, by Enterprise Size

10.1Small and Medium

10.2 Large


11. IT Asset Management (ITAM) Software Market Segmentation, by End-User 

11.1 IT and Telecom

11.2 BFSI

11.3 Healthcare

11.4 Retail

11.5 Manufacturing

11.6 Government

11.7 Other End-user Industries


12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America


13. Company Profiles

13.1 Dell Inc.

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2. Microsoft Corporation

13.3. IBM Corporation

13.4 BMC Software Inc.

13.5 HP Inc.

13.6 ServiceNow Inc.

13.7 Oracle Corp

13.8 Flexera Software LLC

13.9 Ivanti

13.10 Aspera Technologies Inc.


14. Competitive Landscape

14.1 Competitive Benchmarking

14.2 Market Share Analysis

14.3 Recent Developments


15. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

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Data Bank Validation

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