TechNavio recognizes the following companies as the key players in the Global IT Asset Management Software Market: BMC Software Inc., CA Technologies Inc., Hewlett-Packard Co., IBM Corp. and Novo Solutions Inc.
Commenting on the report, an analyst from TechNavio’s Enterprise Computing team said: ”The emergence of cloud-based solutions has enabled organizations to increase their efficiency and reduce the cost of deploying valuable IT infrastructure. However, many organizations are still analyzing the feasibility of such cloud computing solutions and their relevance to their IT operations. The cloud-based model for ITAM offers a pay-per-use model, which provides cost-effective accessibility and a paradigm whereby the ITAM software can be accessed at any time and in any place by multiple users. Hence, the Global ITAM market is witnessing a trend where many vendors in the market have begun to offer their solutions through the cloud-based model to expand their services and enter new markets. Although many enterprises have an increased understanding of the benefits of cloud-based ITAM solutions, a number of concerns and risks, particularly with regard to data sharing and security, are affecting the steady adoption of such solutions.”
According to the report, one of the major drivers in the market is the increased need to reduce the cost of ITAM software. ITAM software helps in maintaining a check on the operating expenses of organizations by controlling the downtime losses caused by the malfunctioning of IT assets. It also provides a faster return on investment to the end-users, thus improving the total cost of ownership for organizations.
Further, the report states that the high deployment cost is one of the major challenges confronting the market. The price of ITAM applications includes the cost of licensing, system design and customization, implementation, training, and maintenance.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-it-asset-management-software-mar…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/enterprise-computing
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TechNavio Announces the Publication of its Research Report “ Global IT Asset Management Software Market 2012-2016
