Skip to main content

IT Asset Management (ITAM) Software Market - Global Industry Analysis and Forecast 2016 - 2024

The proliferation of smart device usage and the growing trend of bring-your-own-device (BYOD) in several leading telecom and IT companies have greatly influenced the IT asset management (ITAM) software market. ITAM software was initially preferred by large enterprises for the maintenance and reduction of risks associated with IT compliance and licensing management. Over time, these solutions have gained recognition among SMEs across the globe as an effective solution to balance spending with return on investments.

The ITAM software market is projected to reach a value of US$1.3 bn by 2024, rising from US$708.9 mn in 2015. The market is estimated to expand at a steady CAGR of 6.9% during the forecast period from 2016 to 2024.

Obtain Report Details @

http://www.transparencymarketresearch.com/it-asset-management-itam-software-market.html

Asset inventory management, whether of software or hardware, allows an organization to keep a check on the software bought, its utilization, and the need for upgrading software and OS. “ITAM software has been successful in identifying the harmful or illegal installation of software across various platforms, in preventing vulnerabilities, and ensuring compliance with corporate security policies,” the TMR analyst states. The growing emphasis on the adherence to security and compliance policies is a key factor driving the ITAM software market.

Another major driving force is the need for automation and centralization of IT infrastructure. “An increasing number of companies have been leaning toward consolidation and establishing streamlined and centralized IT operations,” the author of the study observes. This trend is likely to have a medium impact on the growth of the ITAM software market in the coming years.

This 136 page report gives readers a comprehensive overview of the IT Asset Management (ITAM) Software Market. Browse through Table. Browse through 19 data tables and 45 figures to unlock the hidden opportunities in this market.

The ITAM software market is projected to reach a value of US$1.3 bn by 2024, rising from US$708.9 mn in 2015. The market is estimated to expand at a steady CAGR of 6.9% from 2016 to 2024. Accounting for a massive share of over 60% by 2024, large enterprises will be the leading contributor to the growth of the ITAM software market. Registering an 8.0% CAGR during the forecast period, SMEs are anticipated to record the highest growth by 2024.

Based on deployment model, cloud-based ITAM software is the leading segment by revenue, with hybrid models expanding at the most rapid pace from 2016 to 2024. On the basis of end use, the telecom and IT sector contributes a majority to the overall revenue of the ITAM software market. On the other hand, the energy and utilities industry will present the highest CAGR by 2924. By region, North America leads the global ITAM software market and will continue doing so through the end of the forecast period with stiff competition from Asia Pacific. The APAC market for ITAM software is, on the other hand, estimated to register the fastest growth from 2016 to 2024.

Get Sample copy of the Report @

http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=11480

IT Asset Management (ITAM) Software Market

By Enterprise Size

  • SME

  • Large Enterprise

By Deployment Type

  • On Premise

  • Cloud

  • Hybrid

By End Use

  • BFSI

  • Telecom and IT

  • Government

  • Healthcare

  • Transportation

  • Manufacturing

  • Energy and Utilities

  • Others

By Geography

  • North America

  • Europe

  • Asia Pacific

  • Middle East and Africa

  • Latin America

Labels:

Comments

Post a Comment

Popular posts from this blog

Aerospace Window Frame Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast

Aerospace window frames are used in the cockpit windshields and passenger cabin windows to provide rigidity to the windows. Metal window frame is used widely in aircrafts. Increase demand of cockpit windshield frame in different countries such as India, Brazil and China among others is the one of the major factor boosting the market for aerospace window frame during the forecast period of 2017 – 2025. Based on aircraft type, the global aerospace window frame market is segmented into wide body aircraft, narrow body aircraft, very large aircraft, general aviation and regional aircraft. Among various aircraft types, in 2016, the wide body aircraft segment is estimated to be the major market followed by very large aircraft and expected to be the same during the forecast period of 2017 – 2025. Increasing regional and commercial aircraft deliveries is expected to be one of the major factor fueling the regional aircraft segment in global aerospace window frame market during the fo...
Post a Comment
Read more

Low Power Display Market: Projection of Each Major Segment over the Forecast Period 2017 - 2025

  Low power display technology is treated separately from our modern world. High resolution displays with low power are considered by many consumers to represent the low power display technology. The development in optoelectronics and nanotechnology has changed the low power display market . The low power display market consumes of less power than plasma technologies and cathode ray tube (CRT). Low-power features have become essential for liquid crystal displays (LCDs) due to environmental concerns. The technology that saves energy by decreasing the power consumption of the backlight unit in a display panel is considered in in low power display technology.  A low refresh-rate technology was introduced in order to further minimize power consumption in the display panel. The low refresh-rate was achieved by employing oxide thin-film transistors (Ox-TFTs) with extremely low leakage currents. However, flicker may be visible due to the current leakage through the liqu...
Post a Comment
Read more

Light Weapons Market: Key Players and Production Information analysis with Forecast 2025

Light weapons are weapons which are used by two or three persons serving as a crew, although some of them may be carried and used by a single person. Light weapons are basically used by militaries around the world and its applications have increased widely among armed groups. They include, inter alia, heavy machine guns, hand-held under-barrel and mounted grenade launchers, portable anti-aircraft guns, portable anti-tank guns, recoilless rifles, portable launchers of anti-tank missile and rocket systems, portable launchers of anti-aircraft missile systems as well as mortars of a caliber of less than 100 millimeters. The latest generation of light weapons is more destructive, more portable, and generally more competent than older systems, raising concerns about their uncontrolled generation. Light weapons are represented by their durability, cost effectiveness, accessibility and utility. In terms of military and non-military demand, such criteria perfectly match the needs of those who...
Post a Comment
Read more