The U.S to account for the highest value share of US$ 320.8 Million of global market demand for IT asset management in 2032.
According to a recent study published by Future Market Insights, the IT asset management market is expected to reach US$ 2.3 Billion by 2032, expanding at a CAGR of 6.9%. The growing need to manage audits and meet regulatory compliance standards, manage and optimise the purchase, deployment, maintenance, utilization, and disposal of software applications within the business, and lower software spend costs are expected to accelerate the market growth during the forecast period.
Additionally, the growing need for improving organizational productivity by deploying advanced technology to meet business needs is also stimulating market growth. From 2015 to 2021, IT asset management demand expanded at a CAGR of 7.5%, closing at a valuation of US$ 1.1 Billion. Moreover, an absolute dollar opportunity worth US$ 1.1 Billion has been forecast for the market during the coming decade.
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Key Takeaways from the Market Study
Competitive Landscape
Players in the global IT Asset Management Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:
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Know More about What the IT Asset Management Market Repost Covers
Future Market Insights offers an unbiased analysis of the global IT Asset Management Market, providing historical data for 2015-2021?and forecast statistics from 2022-2032. To understand opportunities in the IT Asset Management Market, the market is segmented on the basis of enterprise size, deployment, and end-use across five major regions.
Key Segments Covered in the IT Asset Management Industry Report
IT Asset Management by Enterprise Size:
IT Asset Management by Deployment:
IT Asset Management by End-Use:
IT Asset Management by Region:
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Jun 26, 2023