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IT Asset Management Software Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

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IT Asset Management Software Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

IT Asset Management Software Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

  • Published Date: 19 Jun 2020
  • Report ID: ICT&S 0029
  • Pages:195
  • Base Year: 2019
  • Format: PDF
  • Historical Data: 2016-2019

IT asset management software is a combination of business practices that includes IT assets across the business units within the organization. It joins the inventory, financial, contractual, and risk management responsibilities to govern these assets’ overall life cycle, including tactical and strategic decision making. Assets consist of all elements of software and hardware that are present in the business environment. The accumulated detailed hardware and software inventory information by IT asset management aids in making decisions about purchases and how assets are secured. IT asset management enables organizations to reduce the costs of the risks of inadvertently building new IT projects on outdated infrastructure foundations. According to a study published by Insure Insights, the global IT asset management software is expected to grow at a CAGR of 10.3% during the forecast period.

Top Driver: Increasing Focus on the Adherence to Compliance Policies and Security

The global IT asset management software market is expected to witness healthy growth during the forecast period owing to the increasing focus on the adherence to compliance policies and security. The requirement for centralization and automation of IT frameworks is another significant factor bolstering the global market growth. The rising number of companies has been inclining towards establishing and consolidating centralized and streamlined IT operations. This factor is expected to positively impact the growth of the global IT asset management software market in the coming future.

However, the struggle of various organizations to decrease operational costs due to the additional cost related to the installation is anticipated to restrain the global IT asset management software market.

Banking and Financial Service to Make Crucial Contribution to Growth of the Market

The global IT asset management software market was segmented on the basis of organization size including Banking & Financial Service, Retail, Aerospace & Defense, IT & Telecom, Energy & Power, Automotive & Transportation, Others. The banking and financial service market was expected to be a huge contributor owing to huge application of asset management software. The need to manage a large amount of data due to rising investments in the financial sector could be a crucial reason for such a high share. On the basis of component, the market is segmented into hardware, software and services. On the basis of tools, the market is segmented into Discovery/ Automated Inventory, License Management, Patch & Version Management, Request Management, Digital Asset Management, Others.

Rising In Adoption Of Newer Technologies to Benefit North America Market

The global IT Asset Management Software industry is projected to grow at a significant rate due to growth in demand for faster and secure storage devices. Among the regions mentioned above, market is highly dominated by North America due to increase in investment of technology, catering the needs of lifecycle management of complex software would help the industry. The strict laws and regulations regarding the purchase of assets is anticipated to help the industry grow in the coming years. These factors encourage the enterprises to adopt new technology that can minimize variable cost of purchases and also maintain balance by having a record of demand and supply. Asia Pacific is also anticipated to show the highest growth rate during the forecast period.

Players to Focus on IT Asset Management Software Market

The global market is expected to stay fragmented with the increase in the number of new entrants in the coming years. Freshworks Inc., BMC Software, SysAid Technologies Ltd (Israel), ServiceNow, Inc, Asset Panda, Samanage Ltd, Microsoft Corporation, Wasp Barcode Technologies, IBM Corporation, HP, Inc , Oracle Corporation, Landesk Software, CA Technologies  among others could be at the forefront of the competition in the global market.

Koch Industries, Inc.: In April 2020, Koch Industries, Inc. announced that it has completed the acquisition of the remaining portion of Infor from Golden Gate Capital. Infor, a global leader in business cloud software specialized by industry, has been a key component of Koch’s technological transformation. Koch companies have made more than $26 billion in technology-related investments in the past six years, transforming a global portfolio of businesses spanning multiple industries.

Freshworks: In September 2018, Freshworks, a global leader in customer engagement cloud software has launched Freshping, a free real-time website monitoring tool based on the recently acquired Insping. Freshping can be easily set up to monitor websites and send downtime notifications in real time via Freshworks’ customer engagement platform as well as traditional channels such as email and SMS.

Scope of the Report

By Component

  • Hardware
  • Software
  • Services

By Organization Size

  • Banking & Financial Service
  • Retail
  • Aerospace & Defense
  • IT & Telecom
  • Energy & Power
  • Automotive & Transportation
  • Others

By Tools

  • Discovery/ Automated Inventory
  • License Management
  • Patch & Version Management
  • Request Management
  • Digital Asset Management
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • SAMEA

Key Reasons to Purchase this Report

  1. It provides a technological development map over time to understand the growth rate of the industry.
  2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
  3. It renders definite analysis for changing competitive dynamics.
  4. It builds a seven-year estimate based on how the market is predicted to grow.

Table of Content

Chapter 1           Overview And Scope

1.1             Market Vision

1.1.1          Market Definition

1.1.2          Market Scope

1.2             Market Segmentation

Chapter 2           Our Research Practice

2.1             Our Research Methodology

2.2             Data Triangulation

2.3             Data Sources

2.4             Assumptions for the study

2.5             Approach Adopted

Chapter 3           Executive Summary

3.1             Market Snapshot

3.2             Regional Snapshot

3.3             Segment Summary

Chapter 4           Covid-19 Impact Analysis

4.1             Overview

4.2             Prevalence analysis

4.3             Key Factor Impact Analysis

Chapter 5           Global Network Forensics Market Forces

5.1             What’s Driving the Market

5.2             Porter’s Five Forces Analysis

5.2.1          Power of Suppliers

5.2.2          Threats From New Entrants

5.2.3          Power of Buyer

5.2.4          Threat From Substitute Product

5.2.5          Degree of Competition

Chapter 6           Global Network Forensics Market -Industry Snapshots

6.1             Overview

6.1.1          Global Network Forensics Market Value, 2019 – 2028, (US$ Bn)

6.2             Market Overview

6.2.1          Drivers Analysis

6.2.2          Restraint/Challenges analysis

6.2.3          Opportunity Analysis

6.3             Supply Chain/Value Chain Analysis

6.4             Market SWOT Analysis

Chapter 7           Global Network Forensics Market Analysis, by Component

7.1             Overview

7.2             Key Findings for Network Forensics Market- By Type

7.2.1          Network Forensics Market- Software

7.2.2          Network Forensics Market- Services

Chapter 8           Global Network Forensics Market Analysis, by Application

8.1             Overview

8.2             Key Findings for Network Forensics Market- By Application

8.2.1          Network Forensics Market- BFSI

8.2.2          Network Forensics Market- Government

8.2.3          Network Forensics Market- IT and Telecommunication

8.2.4          Network Forensics Market- Manufacturing

8.2.5          Network Forensics Market- Energy and Utilities

8.2.6          Network Forensics Market- Healthcare

8.2.7          Network Forensics Market- Retail

Chapter 9           Global Network Forensics Market Analysis, by End User

9.1             Overview

9.2             Key Findings for Network Forensics Market- By End User

9.2.1          Network Forensics Market- Small and Medium Enterprises

9.2.2          Network Forensics Market- Large Enterprises

Chapter 10       Network Forensics Market Analysis by Region

10.1           Key Findings for Network Forensics Market- By region

10.2           Overview

10.2.1       Global Network Forensics Market Analysis, By Type, 2019 – 2028

10.2.2       Global Network Forensics Market Analysis, By Application, 2019 – 2028

10.2.3       Global Network Forensics Market Analysis, By End User, 2019 – 2028

10.3           Network Forensics Market – North America

10.3.1       Overview

10.3.2       U.S.

10.3.3       Canada

10.3.4       Mexico

10.3.5       North America Market, By Type

10.3.6       North America Market, By Application

10.3.7       North America Market, By End User

10.4           Network Forensics Market – Europe

10.4.1       Overview

10.4.2       Germany

10.4.3       United Kingdom

10.4.4       France

10.4.5       Italy

10.4.6       Rest Of Europe

10.4.7       Europe Market, By Type

10.4.8       Europe Market, By Application

10.4.9       Europe market by, End User

10.5           Network Forensics Market – Asia Pacific

10.5.1       Overview

10.5.2       China

10.5.3       Japan

10.5.4       India

10.5.5       Rest of APAC

10.5.6       Asia Pacific Market, By Type

10.5.7       Asia Pacific Market, By Application

10.5.8       Asia Pacific Market, By End User

10.6           Network Forensics Market – SAMEA

10.6.1       Overview

10.6.2       Middle East & Africa (MEA)

10.6.3       South America

10.6.4       Rest Of World

10.6.5       South America, Middle East and Africa Market, By Type

10.6.6       South America, Middle East and Africa Market, By Application

10.6.7       South America, Middle East and Africa Market, By End User

Chapter 11       Market Competition Analysis

11.1           Market Share/Positioning Analysis

11.1.1       Market Positioning of Key Vendors, 2019

11.1.2       Key Strategies Adopted by the Leading Players

11.1.3       Recent Developments

Chapter 12       Company Profiles- Snapshot

12.1           IBM Corporation

12.1.1       Business Fundamentals

12.1.2       Financial Snapshots

12.1.3       Product Portfolio

12.1.4       Recent Developments

12.2           Cisco Systems

12.3           FireEye

12.4           Symantec Corporation

12.5           NETSCOUT Systems

12.6           EMC RSA

12.7           Viavi Solutions

12.8           LogRhythm

12.9           NIKSUN

12.10        Savvius

*More than 10 Companies are profiled in this Research Report*

*Financials would be provided on a best efforts basis for private companies”

Chapter 13       Appendix

 

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