GITNUX MARKETDATA REPORT 2024

It Asset Management Industry Statistics

The IT Asset Management industry is poised for steady growth, driven by increasing technological advancements and the rising need for efficient resource management in organizations.

Statistic 1

"In 2021, the global IT asset management (ITAM) software market size was USD 2.12 billion."

Sources Icon

Statistic 2

"The ITAM software market is expected to grow at a CAGR of 8.2% in the forecast period 2021-2028."

Sources Icon

Statistic 3

"North America accounted for a 38.9% ITAM software market share in 2020."

Sources Icon

Statistic 4

"About 59% of businesses say that they use IT Asset Management to ensure software compliance."

Sources Icon

Statistic 5

"74% of companies say the ability to avoid security breaches is a key benefit of IT Asset Management."

Sources Icon

Statistic 6

"ServiceNow, BMC, and IBM are the key players in the ITAM software industry."

Sources Icon

Statistic 7

"The cloud-based ITAM software segment holds a major share due to the increased adoption of cloud technology."

Sources Icon

Statistic 8

"The BFSI industry possesses the largest share in the ITAM software market."

Sources Icon

Statistic 9

"Up to 30% of companies' software is either overused or underused."

Sources Icon

Statistic 10

"Hardware makes up approximately 25% of IT budgets in large corporations."

Sources Icon

Statistic 11

"By 2025, ITAM will be ranked among the top 5 management, automation and orchestration services."

Sources Icon

Statistic 12

"In 2018, smaller organizations represented the fastest-growing sector for ITAM solutions."

Sources Icon

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!