There were 1,575 press releases posted in the last 24 hours and 412,925 in the last 365 days.

IT Asset Management Market Valuation Worth USD 3.5 Billion by 2031, Registering At a CAGR of 11.1% From 2021-2031

IT Asset Management Market

IT Asset Management Market

Surge in use of technology to cut costs and add capabilities and acceleration of digital transformation in enterprises have boosted the growth of the market.

PORTLAND, PORTLAND, OR, UNITED STATE, February 7, 2023 /EINPresswire.com/ -- Increase in use of technology to cut costs and add capabilities and acceleration of digital transformation in enterprises have boosted the growth of the global IT asset management market. On the other hand, business have shifted toward digitalization and surge in implementation of Industry 4.0 to cope with ongoing tough business competition, which creates new opportunities in the future.

Download Sample Report (Get Full Insights in PDF - 268 Pages) at: https://www.alliedmarketresearch.com/request-sample/32017

Covid-19 scenario:

• The Covid-19 pandemic drastically impacted businesses across the globe. The adoption of IT asset management solution witnessed an incline, due to several lockdown measures imposed by government of different countries.

• On the other hand, companies started focusing on emerging technologies such as AI-powered solution, cloud-based technologies, and automation across industries such as healthcare, IT and telecom, and BFSI.

As per the report, the global IT asset management industry generated $1.3 billion in 2021, and is projected to reach $3.5 billion by 2031, growing at a CAGR of 11.1% from 2022 to 2031.

By deployment model, the cloud segment is anticipated is estimated to register the highest CAGR of 13.8% from 2022 to 2031, due to increase in adoption of cloud-based IT asset management because of low cost and easier maintenance. However, the on premise segment held the lion's share in 2021, contributing to nearly three-fifths of the global IT asset management market. This is attributed due to the numerous advantages offered by the on-premise deployment such as a high level of data security and safety.

For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/32017

By industry vertical, manufacturing is projected to register the highest CAGR of 15.9% from 2022 to 2031, as it helps to predict IT infrastructure costs and cut maintenance overheads. However, the IT and telecom segment held the largest share in 2021, contributing to around one-fourth of the global IT asset management market.

IT asset management enables teams to use the same technology across compatible devices, which can increase their productivity and efficiency. Departments can then focus on performing more important responsibilities such as security, support, and repair & device maintenance. All these benefits of IT asset management is driving the adoption of IT asset management solution in IT & telecom sector.

By component, the solution segment held the lion's share in 2021, accounting for more than two-thirds of the global IT asset management market. The adoption of IT asset management provides numerous benefits to the industry such as, streamline the business process, eliminate the manual process and reduces the time and costs, which fuels the market growth.

For Report Customization: https://www.alliedmarketresearch.com/request-for-customization/32017

However, the service segment is projected to portray the highest CAGR of 13.4% during the forecast period. The adoption of IT asset management services enhances software implementation, maximize the value of existing installation by optimizing it, and minimize the deployment cost & risks, and others, which drives the segment growth.

By region, the market across North America held the largest share in 2021, accounting for nearly two-fifths of the market, due to rise in use of IT asset management solution in banking & finance, healthcare, manufacturing, and other sectors to improve business and customer experience. However, the global IT asset management market across Asia-Pacific is anticipated to register the highest CAGR of 14.3% during the forecast period, due to rise in penetration of advanced technology and higher adoption of cloud-based solution and services.

KEY BENEFITS FOR STAKEHOLDERS:

• The study provides an in-depth analysis of the IT asset management market along with the current trends and future estimations to elucidate the imminent investment pockets.

• Information about key drivers, restrains, and opportunities and their impact analysis on the IT asset management market size are provided in the report.

• The Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the IT asset management industry.

• The quantitative analysis of the global sports management market for the period 2022–2031 is provided to determine the IT asset management market potential.

Buy Now - https://www.alliedmarketresearch.com/checkout-final/4aa0b4508291922bed668819d824d87f

Key market players:

• IBM Corporation
• Microsoft Corporation
• Dell Inc.
• HP Inc.
• Oracle Corp
• BMC Software Inc.
• ServiceNow Inc.
• Flexera Software LLC
• Snow Software AB
• Aspera Technologies Inc.

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.

If you have any special requirements, please let us know and we will offer you the report as per your requirements.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter

David Correa
Allied Analytics LLP
+1 503-894-6022
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn