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."

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Statistic 2

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

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Statistic 3

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

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Statistic 4

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

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Statistic 5

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

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Statistic 6

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

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Statistic 7

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

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Statistic 8

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

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Statistic 9

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

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Statistic 10

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

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Statistic 11

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

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Statistic 12

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

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