It Asset Management Market Analysis, Trends, Size and Forecasts to 2020

Technavio Announces the Publication of its Research Report Global IT Asset Management (ITAM) Market 2016-2020

Technavio recognizes the following companies as the key players in the global IT asset management (ITAM) market: CA Technologies, IBM, Oracle, SolarWinds, BMC, Snow Software, and Livingstone.

Other Prominent Vendors in the market are: Agiloft, Axios, Cherwell, Eracent, Express Metrix, Freshservice, HP, Innotas, InvGate, iQuate, Kaseya, LabTech, Landesk, Provance, Samanage, ServiceNow, Symantec, SysAid, and Vector Networks.

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Commenting on the report, an analyst from Technavios team said: Increased adoption of hybrid deployment model will be a key trend for market growth. The hybrid deployment model for ITAM software is gaining pace over the cloud-based model. In order to overcome the shortcomings of both on-premises and SaaS models, some customers prefer a hybrid model. Hybrid models are flexible and offer customization to suit the needs of customers. As this model provides automatic upgrades and the ability to handle complex IT transactions, it is also one of the most advanced models of deployment. Firms that want to increase their ITAM capabilities without adding servers or related infrastructure are interested in hybrid models. However, there are also some concerns regarding this model. Instead of giving the best of both on-premises and SaaS models, it can result in creating unnecessary complications for the firm's IT operations.”
According to the report, one of the key drivers for market growth will be the growing demand for cloud-based IT Asset Management software. For most organizations, the key benefit of cloud-based ITAM software is the associated cost benefit, especially because of its subscription-based pricing model. This means firms pay a subscription fee on a monthly or yearly basis, which covers everything from...