Growth of IT Industry to Drive Adoption of IT Asset Management (ITAM) Software Globally
Verfasser: MRRSE on Friday, 28 October 2016According to the report, the global IT asset management software market is likely to expand at a 6.9% CAGR between 2016 and 2024. In 2015, the market was worth US$708.9 mn and is expected to rise to a valuation of US$1.3 bn by the end of 2024.
Concerns Regarding Security of Online Data to Drive Market Growth
The alarming rise in online data vandalism and threat to confidential files has impelled organizations and institutions to adopt IT asset inventory management. It not only protects the data stored online or in computer databases, but also helps in keeping a check on the installed software, its use, and tracks the upgradation requirements of the OS and software. The deployment of IT asset management software has enabled organizations to prevent the installation of illegal and harmful software. It further ensures compliance with the corporate security policies and prevents vulnerabilities.
The growth of the global IT asset management software market can be attributed to the rising emphasis on security and compliance policies. The growing need for the centralization and automation of the existing IT infrastructure are further expected to bolster the growth of the global IT asset management software market. The trend of companies inclining towards the establishment and consolidation of centralized and streamlined IT operations is likely to benefit vendors over the forthcoming years.