Global IT Asset Management (ITAM) Software Market to Reach $4.2 Billion by 2030
The global market for IT Asset Management (ITAM) Software estimated at US$2.7 Billion in the year 2023, is expected to reach US$4.2 Billion by 2030, growing at a CAGR of 6.6% over the period 2023-2030. ITAM Software for Small and Medium enterprise, one of the segments analyzed in the report, is expected to record 7% CAGR and reach US$1.9 Billion by the end of the analysis period. Growth in the ITAM Software for Large Enterprise segment is estimated at 6.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $809.7 Million, While China is Forecast to Grow at 6.2% CAGR
The IT Asset Management (ITAM) Software market in the U.S. is estimated at US$809.7 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$719.9 Million by the year 2030 trailing a CAGR of 6.2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.2% and 5.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 5.5% CAGR.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook