Albany, NY — (SBWIRE) — 01/05/2017 — ITAM software allows organizations to efficiently manage their computer hardware and software inventories, correlate assets to contracts and financial records such as software licenses and equipment leases, and detect and prevent IT and regulatory risks to their various technology components. The software ensures that all of the IT systems in the organization are operating efficiently. The software includes tools to detect any failure in IT systems, including servers, storage and networking devices, software suites, and PCs.

The global IT asset management (ITAM) market to grow at a CAGR of 7.52% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global IT asset management (ITAM) market for 2016-2020. To calculate the market size, the report covers the present scenario and prospects of the global ITAM market for the period 2016-2020. Also, it focuses on the major drivers of the market. In addition, it outlines the challenges faced by vendors and the market at large, as well as the key emerging trends.

The market is divided into the following segments based on geography:
– Americas
– APAC
– EMEA

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Technavio’s report, Global IT Asset Management (ITAM) Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.