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Posted by vandana manturgekar on September 24, 2024 at 9:37am 0 Comments

The market for cardiogenic shock was valued at $3.23 billion globally in 2021 and is anticipated to grow at a 6.2% CAGR in terms of revenue during the forecast period. The global increase in the prevalence of heart diseases, the gradually expanding impact of a sedentary lifestyle, and rising healthcare spending are the main drivers of the cardiogenic shock market's revenue growth. A potentially dangerous condition known as cardiogenic shock occurs when the heart is unable to pump enough blood… Continue

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Posted by vandana manturgekar on September 24, 2024 at 9:37am 0 Comments

The market for pushbutton industrial wireless remote controls was valued at USD 866.0 million in 2021 and is anticipated to grow at a CAGR of 11.3%. The market's revenue growth is primarily fueled by factors like rising adoption of enabling technologies in manufacturing, technological developments in the ICT sector, rising consumer adoption of cutting-edge devices, high internet penetration globally, and rising adoption of advanced technologies like artificial intelligence (AI), the internet of… Continue

IT Asset Management Software Market Key Segments Poised for Strong Growth in Future 2023

Market Highlights

The IT asset management software market is estimated to reach a valuation of USD 3 Bn towards the end of 2023. The software has developed a significant role in devising growth strategies of enterprises which is likely to accelerate its adoption over the next couple of years.

The IT assets include the hardware component as well as the software component. IT asset management software has a prominent role in the growth strategy of an enterprise. It helps the senior level management to make accurate purchase decisions. IT asset management is also referred to as IT inventory management as it largely involves the collection of information, regarding hardware and software used in an organization.

Additionally, the reduced cost of software licensing by relocating non-utilized resources is expected to fuel the growth of the market. IT asset management can be categorized as hardware asset management, digital asset management, and software asset management.

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Segmentation:

By component, the IT asset management software market is segmented into hardware, software, and services. The software segment is further sub-segmented into in-house developed software, and software licenses (COTS). The services segment is sub-segmented into professional and managed services.

By tools, the global IT asset management software market has been segmented into discovery/automated inventory, license management, patch & version management, request management, product/service catalog, digital asset management, and others.

By organization size, the IT asset management software market is segmented into small and medium enterprise, and large enterprise.

By end-user, the global IT asset management software market has been segmented into banking & financial service, retail, aerospace & defense, IT & telecom, energy & power, automotive & transportation, and others

By deployment, the IT asset management software market is segmented into on cloud, on-premise, and hybrid.

Regional Analysis:

On the basis of geography, the market is studied for North America, Europe, Asia Pacific, and rest of the world. Among the regions mentioned above, at present, the market is highly dominated by North America due to the high investment in technology, catering the need of lifecycle management of complex software, and strict laws and regulations. These encourage the enterprises to adopt technology to reduce variable cost of purchases and also maintain l balance by having a record of demand and supply.

On the other hand, Asia Pacific is expected to show the highest growth in the market. This is due to the emergence of organizations in manufacturing, software development wherein there is a need for monitoring the assets of the enterprises that are being deployed on a higher scale. In addition to the substantial presence of industries, the region has seen an increase in the adoption of cloud services. The manufacturers in Asia Pacific are becoming more and more advanced by deploying newer technologies to monitor and improve their efficiency.

Competitive Dashboard:

Some of the key players profiled by MRFR in the report are Freshworks Inc. (U.S.), BMC Software (U.S.), Samanage Ltd (U.S.), Microsoft Corporation (U.S.), Wasp Barcode Technologies (U.S.), IBM Corporation (U.S.), HP, Inc (U.S.), Oracle Corporation (U.S.), Landesk Software (U.S.), CA Technologies (U.S.), Dell, Inc (U.S.), Symantec Corporation (U.S.), Ivanti (U.S.), Spiceworks Inc. (U.S.), Summit Software Pty Ltd (Australia), CGI Group Inc (Canada), Dude Solutions Inc (U.S.), eMaint (U.S.), IFS AB (Sweden), Infor (U.S.), SysAid Technologies Ltd (Israel), ServiceNow, Inc (U.S.), Asset Panda (U.S.), GRAGA Software Solutions Pty Ltd (Australia), and xAssets (U.K).

Industry Developments:

In May 2018, Freshworks, a leading business software company, has announced its plan of expansion in Africa with committed investments and strategic focus on Kenya and Nigeria.

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List of Tables

Table1 World Population By Major Regions (2017 To 2030)

Table2 Global IT Asset Management Software Market Trends: By Region, 2017-2023

Table3 North America IT Asset Management Software Market: By Country, 2017-2023

Table4 Europe IT Asset Management Software Market: By Country, 2017-2023

Table5 Asia Pacific IT Asset Management Software Market: By Country, 2017-2023

Table6 The Middle East & Africa IT Asset Management Software Market: By Country, 2017-2023

Table7 Latin America IT Asset Management Software Market: By Country, 2017-2023

Table8 Global IT Asset Management Software By Component Market: By Regions, 2017-2023

Table9 North America IT Asset Management Software By Component Market: By Country, 2017-2023

Table10 Europe IT Asset Management Software By Component Market: By Country, 2017-2023

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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