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Global IT Asset Management (ITAM) Software Market Is Estimated To Witness High Growth Owing To Increasing Adoption Of Cloud-Based Solutions

The Global IT Asset Management (ITAM) Software Market Is Estimated To Be Valued At US$ 955.6 Mn In 2019 And Is Expected To Exhibit A CAGR Of 6.9% Over The Forecast Period 2019-2027, As Highlighted In A New Report Published By Coherent Market Insights. A) Market Overview: IT Asset Management (ITAM) Software Is Designed To Track, Manage, And Optimize Information Technology Assets Within An Organization. It Provides A Centralized System For Organizations To Effortlessly Manage Their IT Assets, Including Hardware And Software Components. The Software Helps Organizations To Improve Operational Efficiency, Reduce Costs, Mitigate Risks, And Enhance Compliance With Regulatory Standards. With The Increasing Complexity Of IT Environments And The Growing Importance Of Managing Digital Assets Effectively, The Demand For ITAM Software Is Expected To Surge In The Coming Years. B) Market Key Trends: One Key Trend Driving The Growth Of The Global IT Asset Management (ITAM) Software Market Is The Increasing Adoption Of Cloud-Based Solutions. Cloud-Based ITAM Software Offers Several Advantages Over On-Premise Solutions, Such As Lower Costs, Easy Scalability, Remote Accessibility, And Automatic Updates. Cloud-Based Solutions Also Provide Enhanced Security Features, Ensuring Protection Against Data Breaches And Unauthorized Access. For Example, Snow Software Offers A Cloud-Based ITAM Platform That Enables Organizations To Optimize Licensing And Reduce Software Costs Effectively. C) PEST Analysis: 1. Political: Government Regulations And Policies Related To Data Privacy And Security Can Impact The ITAM Software Market. Organizations Need To Comply With Various Data Protection Laws To Ensure The Security And Privacy Of Customer Data. 2. Economic: Increasing Investments In Digital Infrastructure And The Growing Need For Efficient IT Asset Management In Organizations Are Driving The Market Growth. 3. Social: Organizations Are Becoming More Aware Of The Importance Of Managing Their IT Assets Effectively In Order To Streamline Operations And Enhance Productivity. 4. Technological: Advancements In Technology, Such As The Internet Of Things (Iot) And Artificial Intelligence (AI), Are Expected To Fuel The Demand For ITAM Software As Organizations Strive To Manage The Increasing Number Of Connected Devices And Optimize Their IT Assets. D) Key Takeaways: 1. The Global ITAM Software Market Is Expected To Witness High Growth, Exhibiting A CAGR Of 6.9% Over The Forecast Period. This Growth Can Be Attributed To Increasing Adoption Of Cloud-Based Solutions, Which Provide Cost-Effective And Scalable IT Asset Management Solutions. 2. North America Is Expected To Dominate The Market, Owing To The Presence Of Major IT Companies And Increasing Investments In Digital Infrastructure. 3. The Key Players Operating In The Global IT Asset Management (ITAM) Software Market Include Snow Software, Hewlett Packard Enterprise Development LP, Oracle Corporation, BMC Software Inc., Aspera Technologies Inc., CA Technologies Inc., LANDESK Software, Broadcom Inc., Servicenow Inc., Flexera Software LLC, And Cherwell Software Inc. In Conclusion, The Global IT Asset Management (ITAM) Software Market Is Poised For Significant Growth In The Coming Years, Driven By The Increasing Adoption Of Cloud-Based Solutions. Organizations Are Recognizing The Need For Effective IT Asset Management To Optimize Their Operations And Reduce Costs. However, They Also Need To Comply With Data Privacy And Security Regulations. North America Is Expected To Lead The Market, While Key Players In The Industry Continue To Innovate And Develop Advanced ITAM Software Solutions To Meet The Evolving Needs Of Organizations Worldwide.
#Information and Communication Technology#IT Asset Management (ITAM) Software Market#IT Asset Management (ITAM) Software Market Demand#IT Asset Management (ITAM) Software Market size
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Strengthening Cybersecurity & IT Governance with ISO/IEC 19770-1
As global organizations battle rising cyber threats and face stricter data governance regulations, IT Asset Management (ITAM) has moved from a supporting role to a strategic frontline defense. The ISO/IEC 19770-1 standard has emerged as a powerful tool for building resilient, secure, and compliant IT environments.
This makes the role of a certified ISO/IEC 19770-1 lead auditor more vital than ever. These professionals bring structure, oversight, and accountability to ITAM programs that now directly support cybersecurity postures.
🔍 Why ITAM Is Now Critical for Cybersecurity
Many cyber breaches stem from unmanaged or unknown IT assets, hardware or software that fly under the radar of traditional IT departments. That’s where ISO 19770-1 plays a transformative role.
It ensures complete visibility into every IT asset across an organization.
It enforces policies for lifecycle management, from acquisition to disposal.
It reduces shadow IT, license misuse, and unmonitored third-party apps.
This structured, policy-driven approach makes ISO/IEC 19770-1 a foundational element for any enterprise cybersecurity strategy.
🔑 How Certified ISO/IEC 19770-1 Lead Auditors Enhance IT Governance
The need for IT governance isn’t new but the risks are far more complex. A certified ISO/IEC 19770-1 lead auditor provides the knowledge and authority to:
Audit IT assets and policies under the ISO 19770-1 framework
Ensure secure procurement, configuration, and decommissioning of assets
Help organizations meet external compliance regulations like GDPR, HIPAA, and SOX
Guide remediation plans based on audit findings
Collaborate with InfoSec teams to harden security policies at the asset level
Organizations in high-risk sectors such as banking, government, and healthcare are now hiring auditors who can bridge the gap between asset compliance and data security.
🌍 Where the Trend Is Strong
Regions like North America, the European Union, and Asia-Pacific are accelerating their adoption of standards-based IT governance. These markets are not only adopting ISO/IEC 19770-1, but also actively searching for professionals with ISO 19770 lead auditor certification to support audits and strategic implementation.
The convergence of ITAM and cybersecurity has made ISO/IEC 19770-1 certification more than just a checkbox; it's a business enabler.
🚀 Boosting Career Opportunities with ISO 19770 Lead Auditor Certification
If you're certified, you're already ahead of the curve. Demand for certified ISO/IEC 19770-1 lead auditors is increasing across IT consulting firms, cybersecurity vendors, managed services providers, and internal audit teams.
Having this credential validates your ability to safeguard IT environments with structure and precision, two things every CISO now demands.
For more details : https://www.gsdcouncil.org/certified-iso-iec-19770-1-lead-auditor
Contact no : +41 41444851189

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https://it-recycle.uk/pc-workstation-asset-management/ Are you looking to optimize your IT resources and drive efficiency in the UK workplace? Look no further than pc workstation asset management. In today's fast-paced digital landscape, managing your IT assets is more crucial than ever. With the rapid advancements in technology and the increasing demands placed on IT systems, having a robust asset management strategy is essential to ensure your business stays competitive.Our recent report predicts that the IT Asset Management (ITAM) Software Market
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Lead II - Software Engineering
Job title: Lead II – Software Engineering Company: UST Job description: Specialist to lead and support end-to-end implementation, optimization, and support of IT Asset Management (ITAM) solutions… and implement automation for asset onboarding, provisioning, tracking, and disposal. Process Design & Optimization • Collaborate… Expected salary: Location: India Job date: Sun, 11 May 2025 00:40:50…
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Software Development Engineer
Flexera saves customers billions of dollars in wasted technology spend. A pioneer in Hybrid ITAM and FinOps, Flexera provides award-winning, data-oriented SaaS solutions for technology value optimization (TVO), enabling IT, finance, procurement and cloud teams to gain deep insights into cost optimization, compliance and risks for each business service. Flexera One solutions are built on a set of…
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"What is the Certified ISO/IEC 19770-1 Lead Auditor Certification? A Complete Guide"
Introduction
In today’s digital landscape, effective IT asset management (ITAM) is crucial for businesses to maintain compliance, optimize software usage, and control costs. The ISO 19770-1 Lead Auditor Certification is designed for professionals looking to specialize in auditing IT asset management systems based on international standards. This certification ensures that organizations adhere to best practices and regulatory requirements, making it a valuable credential for IT auditors, compliance officers, and ITAM professionals.
Key Skills Gained Through ISO 19770-1 Lead Auditor Certification
Earning the ISO 19770-1 Lead Auditor Certification equips professionals with the following essential skills:
Comprehensive Knowledge of ISO 19770-1 Standards – Understand the structure, principles, and requirements of ISO 19770-1.
Audit Planning and Execution �� Develop expertise in planning, conducting, and reporting audits in IT asset management.
Regulatory Compliance Mastery – Gain insight into how ISO 19770-1 aligns with global IT governance frameworks.
Risk Assessment and Mitigation – Learn to identify risks in IT asset management and recommend improvements.
Leadership and Communication – Enhance skills in managing audit teams and effectively communicating findings.
Benefits of ISO 19770-1 Lead Auditor Certification
The certification offers numerous benefits, including:
Career Advancement – Certified professionals have higher earning potential and access to senior auditing roles.
Industry Recognition – Stand out in the ITAM and compliance industry with an internationally recognized certification.
Better Compliance Management – Help organizations avoid non-compliance penalties and optimize IT asset usage.
Enhanced Problem-Solving Abilities – Develop critical thinking skills to address ITAM challenges efficiently.
Job Opportunities After Certification
Professionals with ISO 19770-1 Lead Auditor Certification can explore various high-demand roles, such as:
IT Asset Manager
Compliance Auditor
Risk Management Specialist
ISO 19770-1 Consultant
IT Governance Officer
Market Demand & Industry Growth
With organizations increasingly prioritizing IT governance and compliance, demand for certified ISO 19770-1 lead auditors is growing. Businesses across industries, including finance, healthcare, and tech, are investing in ITAM frameworks, making this certification a valuable asset for professionals.
Why Choose ISO 19770-1 Lead Auditor Certification?
Globally Recognized – Ensures credibility in the ITAM auditing domain.
Versatile Application – Beneficial across multiple industries and compliance roles.
Competitive Edge – Positions you ahead of peers in the compliance and IT governance sector.
Future Trends in IT Asset Management
As digital transformation accelerates, IT asset management is expected to integrate AI-driven automation, blockchain for asset tracking, and cloud-based ITAM solutions. Certified professionals will be in high demand to navigate these evolving technologies while ensuring compliance with ISO 19770-1 standards.
Conclusion & Call-to-Action
The ISO 19770-1 Lead Auditor Certification is a game-changer for professionals looking to advance their careers in ITAM, compliance, and auditing. If you’re aiming to enhance your skills and marketability, now is the perfect time to get certified.
Boost your career today with the ISO 19770-1 Lead Auditor Certification! Learn more at GSDC Certification Page.
For information visit: -
https://www.gsdcouncil.org/certified-iso-iec-19770-1-lead-auditor
Contact : +41444851189
#ISO197701LeadAuditor #ISO19770Certification #ISO19770 #ITAssetManagement #CertifiedISO19770LeadAuditor #ITCompliance #RiskManagement #AuditCertification
#iso 19770 1 lead auditor certification#iso 19770 certification#iso 19770-1#iso 19770 lead auditor certification#certified iso 19770 lead auditor
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What is IT Asset Management (ITAM)?
IT Asset Management is the business process that focuses on tracking, managing, and optimizing a company’s IT hardware, software, networks, and data storage assets. It guarantees that organizations have complete transparency over their IT ecosystem in order to mitigate data breaches and sustain compliance. https://www.codeologyai.com/blog/managed-it/why-it-asset-management-is-critical-for-data-security/
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Why Every Business Needs IT Asset Management: Key Benefits and Best Practices
In today’s tech-driven world, managing IT assets effectively has become a necessity for businesses of all sizes. From tracking hardware and software to optimizing asset usage, IT asset management (ITAM) is critical for maintaining efficiency and reducing costs. Implementing the right IT asset management software can streamline ITAM processes, helping businesses achieve better control over their resources while improving operational outcomes.
Key Benefits of IT Asset Management
1. Cost Optimization
Unmanaged IT assets often result in unnecessary expenses, including duplicate purchases, unused software licenses, and overlooked maintenance. ITAM helps identify underutilized resources and eliminate waste, allowing businesses to allocate budgets more effectively.
2. Improved Efficiency and Productivity
A centralized system for managing IT assets ensures quick access to critical information. This eliminates time spent searching for asset details, enabling teams to focus on core business activities and enhancing overall productivity.
3. Enhanced Security and Compliance
Without proper IT asset management, businesses risk non-compliance with licensing agreements and cybersecurity threats. ITAM ensures all software is up-to-date, licensed, and protected, reducing vulnerabilities and legal risks.
4. Better Decision-Making
Accurate and real-time data on IT assets empowers businesses to make informed decisions. Whether it's upgrading hardware, investing in new software, or reallocating resources, ITAM ensures decisions are backed by actionable insights.
5. Scalability and Growth
As businesses grow, managing IT assets becomes more complex. The right IT asset management software ensures scalability, allowing businesses to seamlessly manage an increasing number of assets without compromising efficiency.
Best Practices for IT Asset Management
1. Centralize Asset Data
Use a unified platform to store and track all IT assets. Centralizing data minimizes errors, improves visibility, and ensures efficient management.
2. Automate Processes
Automate repetitive tasks such as inventory tracking, license renewals, and maintenance schedules using advanced software. Automation reduces manual errors and saves time.
3. Perform Regular Audits
Regularly audit IT assets to ensure accurate records and compliance. This practice helps identify discrepancies, unused resources, and opportunities for optimization.
4. Implement Lifecycle Management
Track the entire lifecycle of IT assets—from procurement to disposal. Proper lifecycle management ensures optimal use of resources and minimizes downtime.
5. Train Your Team
Ensure employees are trained to use ITAM tools effectively. A knowledgeable team is key to maximizing the benefits of asset management systems.
Conclusion
IT asset management is no longer a luxury but a necessity for businesses aiming to stay competitive and efficient. By leveraging the right IT asset management software, businesses can streamline asset tracking, reduce costs, enhance security, and improve decision-making. Adopting best practices in ITAM ensures that businesses not only manage their resources effectively but also stay prepared for future growth.
Take the first step toward optimized IT asset management and empower your business to thrive in the digital era.
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The Role of ITAM Foundation Certification in Digital Transformation Initiatives
Businesses are constantly under pressure to innovate, optimize, and stay in conformance in the fast-paced digital world of today. However, how can businesses efficiently manage their IT assets while controlling expenses?
Presenting the ITAM Foundation Certification, a groundbreaking certification created to enable businesses to successfully manage their IT assets and propel their digital transformation projects.
The ITAM Foundation Certification equips professionals with the skills and knowledge needed to manage IT assets effectively. From hardware and software to cloud resources, IT assets are the backbone of any digital operation. By mastering the principles of IT Asset Management Foundations, organizations can align their IT strategies with business goals, ensuring seamless operations and sustainable growth.
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#it asset management software#itam software#it asset management tools#it asset tracking software#assetmanagement
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IT Asset Management Software Market
IT Asset Management Software Market Size, Share, Trends: ServiceNow, Inc. Leads
AI and Machine Learning Integration Revolutionizes IT Asset Management
Market Overview:
The global IT Asset Management Software Market is projected to grow at a strong CAGR of 9.5% from 2024 to 2031, reaching a value of USD YY billion by 2031. North America currently dominates the market, accounting for approximately YY% of the global market share. This growth is driven by the increasing adoption of cloud-based ITAM solutions, the rising demand for cost-effective IT asset management, and the growing emphasis on regulatory compliance. The IT Asset Management Software market is steadily rising, fueled by the increasing complexity of IT infrastructure, the need for more visibility into IT assets, and a growing emphasis on IT cost optimization. Digital transformation initiatives across industries are driving market growth and the adoption of advanced ITAM solutions.
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Market Trends:
A significant trend is the integration of AI and machine learning in IT asset management solutions. These technologies offer predictive analytics, automated asset discovery, and intelligent decision-making, enhancing the overall efficiency of IT asset management processes. Leading ITAM software providers are investing heavily in AI and machine learning capabilities, transforming the ITAM landscape and creating new opportunities for vendors and end-users.
Market Segmentation:
The Cloud-Based segment dominates the IT Asset Management Software market, accounting for over YY% of the market share. This segment's dominance stems from the growing demand for scalable, adaptable, and cost-effective ITAM solutions. Cloud-based ITAM software offers significant advantages in terms of accessibility, real-time asset tracking, and ease of use. The growing adoption of Software-as-a-Service (SaaS) models for IT asset management is also driving the segment's growth.
Market Key Players:
Leading players in the IT Asset Management Software market include ServiceNow, Inc., IBM Corporation, BMC Software, Inc., Ivanti Software, Inc., Flexera Software LLC, and Hewlett Packard Enterprise Development LP. These key players focus on product innovation and strategic alliances to enhance their ITAM products with advanced capabilities such as AI-powered analytics, automated compliance management, and IoT asset tracking.
Contact Us:
Name: Hari Krishna
Email us: [email protected]
Website: https://aurorawaveintellects.com/
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The Future of ITAM: ISO/IEC 19770-1 Meets AI and Automation
In a world where artificial intelligence and automation are redefining business processes, IT Asset Management (ITAM) is not far behind. Organizations are increasingly integrating AI tools to streamline asset tracking, optimize resource usage, and ensure real-time compliance. At the heart of this transformation lies the ISO/IEC 19770-1 standard ensuring that intelligent asset management remains compliant, auditable, and aligned with international best practices.
With this shift, the role of a certified iso/iec 19770-1 lead auditor becomes even more critical in bridging the gap between traditional ITAM and future-ready systems.
⚙️ How AI is Shaping ISO/IEC 19770-1 Implementations
Real-Time Asset Discovery AI-powered platforms now automatically detect and catalog IT assets in real time reducing manual labor and errors. These tools rely on a structured framework like iso 19770-1 to ensure data accuracy and policy alignment.
Predictive Lifecycle Management Machine learning models can forecast asset wear, license expiration, and renewal needs. When integrated with iso 19770 guidelines, this allows companies to act proactively avoiding risk and overspending.
Automated Audits & Reporting With the help of RPA (Robotic Process Automation), internal audits aligned to iso/iec 19770-1 can be scheduled, executed, and reported with minimal human intervention. This strengthens governance and transparency.
Anomaly Detection for ComplianceAI systems can flag suspicious software usage, shadow IT, or licensing issues in real time. But to evaluate these anomalies effectively, a certified professional with ISO 19770 lead auditor certification is required.
Strategic Insights for ITAM OptimizationBy combining iso/iec 19770-1 structured data with AI analytics, organizations gain powerful insights into costs, usage trends, and risk exposure enhancing strategic decision-making.
🚀 Why the Certified ISO/IEC 19770-1 Lead Auditor Matters Now
In the age of automation, tools can only take you so far. Organizations still need the expertise of a certified iso/iec 19770-1 lead auditor to:
Validate AI-generated reports against compliance frameworks
Set audit checkpoints in intelligent systems
Guide the configuration of AI tools within iso 19770 parameters
Ensure that automation respects data privacy and legal policies
Professionals with ISO 19770 lead auditor certification are in high demand as more companies adopt AI-driven ITAM strategies especially across Europe and Asia-Pacific regions.
🌐 Where This Trend Is Booming
Countries like Singapore, Germany, and the Nordics are leading the charge, adopting AI-optimized ITAM tools while integrating ISO 19770-1 at the policy level. This has sparked a surge in job postings for certified iso/iec 19770-1 lead auditor roles that combine tech-savviness with compliance expertise.
For more details : https://www.gsdcouncil.org/certified-iso-iec-19770-1-lead-auditor
Contact no : +41 41444851189

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Understanding IT Asset Management: A Key to Efficient IT Operations
In today’s fast-paced digital world, organizations heavily rely on their IT infrastructure to drive innovation, ensure producti…November 22, 2024
What Is IT Asset Management (ITAM)?
IT Asset Management is the practice of systematically tracking, managing, and optimizing an organization's IT assets throughout their lifecycle. These assets can include hardware (e.g., computers, servers, and mobile devices), software licenses, cloud resources, and even intangible assets like data and intellectual property.
ITAM ensures that businesses have complete visibility into their IT inventory, allowing them to make informed decisions regarding procurement, maintenance, and retirement of assets.
Why Is ITAM Important?
Cost Optimization
ITAM helps organizations identify underutilized or redundant assets, allowing them to cut unnecessary costs. It also ensures compliance with software licensing agreements, avoiding penalties or overspending.
Enhanced Productivity
By maintaining an up-to-date inventory, ITAM minimizes downtime and streamlines IT support processes. Employees can access the tools they need quickly, fostering better productivity.
Improved Security and Compliance
ITAM enables organizations to monitor and secure all IT assets, ensuring adherence to cybersecurity standards and legal requirements.
Sustainability
Managing the lifecycle of assets reduces e-waste and promotes recycling, aligning with environmental sustainability goals.
Key Components of ITAM
Asset Discovery and Inventory
Identify and maintain a database of all IT assets in use. This includes hardware, software, and network devices.
Lifecycle Management
Manage assets from acquisition to disposal, ensuring optimal usage at every stage.
License Management
Track software licenses to avoid non-compliance or over-purchasing.
Integration with IT Processes
ITAM should integrate seamlessly with IT Service Management (ITSM) to ensure smooth operations, particularly during incidents and changes.
Best Practices for IT Asset Management
Implement an ITAM Tool
Use software solutions like ServiceNow, SolarWinds, or ManageEngine to automate and simplify ITAM processes.
Establish Clear Policies
Define policies for procurement, usage, and retirement of assets. Ensure these are communicated across the organization.
Regular Audits
Conduct periodic audits to verify the accuracy of asset data and identify gaps in management.
Train Your Team
Equip your team with the knowledge and skills to manage IT assets effectively.
The Future of ITAM
As organizations embrace trends like cloud computing, IoT, and AI, ITAM will evolve to manage more complex environments. Automation and analytics will play a pivotal role in providing deeper insights into asset utilization and performance.
In conclusion, IT Asset Management is not just a technical necessity—it’s a strategic enabler that drives efficiency, cost savings, and operational resilience. By implementing a robust ITAM strategy, organizations can unlock their full potential and stay ahead in an ever-changing digital landscape.
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Elite ServiceNow Implementation Partner
V-Soft Consulting, as an Elite ServiceNow Implementation Partner, empowers businesses to effectively manage their IT services and IT assets through streamlined, automated solutions. With deep expertise in ServiceNow ITSM (IT Service Management) and ITAM (IT Asset Management), V-Soft helps organizations enhance operational efficiency, reduce costs, and improve service delivery. By leveraging V-Soft’s implementation services, businesses can optimize their IT processes, from tracking and managing hardware and software assets to resolving IT issues quickly and efficiently. This holistic approach enables companies to gain better control, visibility, and performance across their IT infrastructure.
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