IT Asset Management Software Market Research Report – Forecast to 2027

Global IT Asset Management Software Market: Component (Hardware, Software, Service), Deployment (Cloud, On-Premise, Hybrid), Tools, Organization Size (SME, Large Enterprise), End-User (BFSI, Retail, Aerospace & Defense, IT & Telecom) – Forecast till 2027

ID: MRFR/ICT/0415-HCR | February 2021 | Region: Global | 143 pages

Market Overview:


Asset Management is indispensable for an organization to monitor its asset usage and to maintain the cost of purchases of assets. The software used to monitor IT-related assets in an organization is called IT asset management software. The IT asset comprises both software and hardware components.  The IT asset management software has a major role in the growth strategy of an organization. It helps the senior management to make appropriate purchase decisions. IT asset management software industry is also referred to as IT inventory management as it involves gathering information on the hardware and software used in the enterprise.


The major factors that help in increasing the IT Asset Management Software Market size are the growing need for the productivity of major organizations. Also, the reduced cost of licensing software licensing by relocating non-utilized resources is expected to catalyze the growth of the market.


Covid-19 Analysis:


The impact of the coronavirus pandemic and the lockdown that followed is conspicuous in the financial markets. Every business has the battle to fight on both fronts – health and economic and will have to go through this time of forced recession. The global economic downtown has run down by 3 trillion dollars, but there are speculations that the IT Asset management software market report will be stable and recovering by the first quarter of the next financial year.


The only way out of this loophole of a pandemic is to strategize through the disruption. The traditional plan of strategizing is to evaluate strengths, weaknesses, opportunities, and threats, and then use this information to determine the steps to be taken further. To tackle the challenges posed by Covid-19, a different approach is required for strategy and planning. It needs to understand that only 4 key areas are essential for survival and recovery – Practice, Staff, Patients, and finance.


Market Dynamics:


Drivers:


Increasing want for automation and centralization in IT infrastructure is expected to facilitate the growth of the global IT Asset Management Software Market


The growing trend of consolidation had led to the need for centralized and simplified IT operations and infrastructure to achieve a successful business. Implementation of automation in a centralized IT environment allows constant monitoring of activities. Also, organization-wide centralization of IT asset management software catalyzes inventory visibility across the organization and also helps in budgetary planning. It also provides information regarding enabling planning for future asset management by capitalizing on current asset utilization and reducing unnecessary IT expenditures. Thus, these factors are expected to support growth during the IT Asset Management Software market forecast period.


Increased focus on compliance, cost, and security germane to assets is expected to spur the global IT asset management software market growth over the forecasted period


Asset inventory management helps an organization to track and record when equipment is procured – to what extent it has been used and whether there is a lease lapsing on the asset. Moreover, it is the same case with software where it is necessary to be updated regarding the latest OS and software. IT asset management software related to whether any unapproved hardware or software has been installed. It allows managers to isolate any relating vulnerabilities and avoid any major issues thereby ensuring compliance with corporate security policies.


Opportunities:


Lucrative opportunities provided by emerging markets like MEA and Latin America


Volatility is low awareness and the economy amongst organizations in several regions has impacted the market growth in the regional market in the recent past. However, the rising execution of the past technologies and the rising acceptance of cloud-based solutions combined with stringent regulatory policies has increased the adoption of the IT asset management software market.


Introduction of M2M and IoT can provide major business opportunities for IT Asset Management software market opportunities for key players


A considerable rise in the number of connected smart devices has made it challenging to track them. Several organizations are focused on looking for methods to implement the IT Asset Management software market with BYOD. IT asset management services provide inventory information to a security system which is necessary for tracking and recording activities of connected devices.


Restraints:


High costs required for deployment are expected to be hindered under the global IT asset management software market growth over the forecasted period.


Several organizations are struggling to reduce their operational costs. IT asset management software helps to track inventory and terminate all the excess costs related to IT expenses. However, the initial installment cost of its Asset Management is very high which cannot be afforded by small and medium-sized organizations. Therefore, many enterprises are unwilling to adapt to IT Asset Management Software which will hinder the market growth shortly.


Challenges:


Low cognizance among the small and medium-size organizations is expected to hinder the growth of global IT Asset management software market analysis during the forecasted period.


Since small and medium enterprises usually lack enough financial support, they aver from implementing ITAM software. Apart from that, the lack of understanding about IT asset management solutions combined with varied perceptions over their capabilities is a major reason SMEs are not using these solutions.


Cumulative Growth Analysis:


Key companies in the IT asset management software market are focused on acquisitions and mergers to expand their market presence. Also, major players in the market are involved in acquisitions and mergers to gain a competitive advantage in the market.


Technology Analysis:


 In the corporate world, an asset is a part and parcel of a company's financial worth. Assets hold future benefits and economic value as they can generate cash flow. Thus, IT asset management is quintessential in today's tech world.


IT Asset software management market segmentation:


Based on the component:


Hardware: in the form of laptops, desktop computers, keyboards, printers, wi-fi routers, or any other physical devices used by a company. This type of asset is easy to keep track of.


Software: is represented by all the applications and files that are executed within a corporate network to achieve work-related purposes. It is the most confusing and hard to define part of IT asset management due to compliance issues and licensing requirements amongst other matters.


Based on Tools: The IT asset management software market is segmented into automated/discovery inventory, version management, license management, request management, digital asset management, and others.


Digital is a subtype of IT asset which consists of photos, videos, and other forms of digital data like scanned documents. While these are relatively simpler to record, they are highly sought after by malicious actors due to high confidentiality.


Based on deployment: The IT asset management software market is segmented into on-premise, hybrid, and cloud.


Cloud is the most elusive kind of IT asset. But despite its impalpable nature, it can replace the need for hardware components or licenses in IT asset management thus making the task of your network admins more straightforward.


Regional Analysis:


The global IT Asset management software market is expected to grow at a significant rate during the forecasted period because of the higher demand for secure and faster storage devices. The geographical analysis of the IT asset management software market marks the study for regions like Europe, North America, Asia Pacific, Australia, New Zealand, Russia, Middle East, South America, and Africa.


At present, the IT asset management software market is highly dominated by North America due to high investment in technology, looking after the needs of lifecycle management of complex software, and stringent laws and regulations about the purchasing of assets. These factors motivate the organizations to adopt a technology that can decrease the variable cost of purchases and also maintain balance by having a record of demand and supply.


IT Asset Management Software Market Key Players/ Competitive landscape:


Some of the major players in the global IT management software market include:


Freshworks Inc (U.S.)


BMC Software (U.S.)


SysAid Technologies Ltd. (Israel)


ServiceNow Inc. (U.S.)


Asset Panda (U.S.)


Samanage Ltd. (U.S.)


Microsoft Corporation (U.S.)


IBM Corporation (U.S.)


 


IT Asset Management Software trends/ Recent developments:


The growing integration of ITSM and ITAM software:


With this merger, an organization can reduce the costs and risk of license compliance violations while ensuring the smooth flow of business operations.


Report Overview:


This study encompasses the regional and global markets with an in-depth analysis of the overall growth prospects of the market. It also sheds light on the comprehensive competitive landscape of the global market. It further offers a dashboard overview of the key companies encompassing their market contribution, strategies, and recent developments in both present and historic context.



Frequently Asked Questions (FAQ) :


Freshworks Inc. (U.S.), BMC Software (U.S.), SysAid Technologies Ltd (Israel), ServiceNow, Inc (U.S.), Asset Panda (U.S.) are the top market players being influential to the market’s growth.

The global IT Asset Management Software market will be growing significantly in the forecast period for having a higher demand for faster and secure storage devices.

North America is the region that is going to score the largest market share for having high investment in technology.

The global IT Asset Management Software market will be recording a valuation of USD 3 Billion in the assessment period.

The global IT Asset Management Software market will be gaining its prominence at a CAGR of 8% in the coming years.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Bargaining power of Suppliers

4.1.5 Segment rivalry

4.2 Value Chain/Supply Chain of Global IT Asset Management Software Market

5 Overview of Global IT Asset Management Software Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global IT Asset Management Software Market by Component

7.1 Introduction

7.2 Hardware

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 Software

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

7.3.3 In-House Developed Software

7.3.3.1 Market Estimates & Forecast, 2020-2027

7.3.3.2 Market Estimates & Forecast by Region, 2020-2027

7.3.4 Software Licenses (COTS)

7.3.4.1 Market Estimates & Forecast, 2020-2027

7.3.4.2 Market Estimates & Forecast by Region, 2020-2027

7.4 Services

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast by Region, 2020-2027

7.4.3 Professional Service

7.4.3.1 Market Estimates & Forecast, 2020-2027

7.4.3.2 Market Estimates & Forecast by Region, 2020-2027

7.4.4 Managed Services

7.4.4.1 Market Estimates & Forecast, 2020-2027

7.4.4.2 Market Estimates & Forecast by Region, 2020-2027

8. Global IT Asset Management Software Market by Organization Size

8.1 Introduction

8.2 SME

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Region, 2020-2027

8.3 Large Enterprise

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Region, 2020-2027

9. Global IT Asset Management Software Market by End-User

9.1 Introduction

9.2 Banking & Financial Service

9.2.1 Market Estimates & Forecast, 2020-2027

9.2.2 Market Estimates & Forecast by Region, 2020-2027

9.3 Retail

9.3.1 Market Estimates & Forecast, 2020-2027

9.3.2 Market Estimates & Forecast by Region, 2020-2027

9.4 Aerospace & Defense

9.4.1 Market Estimates & Forecast, 2020-2027

9.4.2 Market Estimates & Forecast by Region, 2020-2027

9.5 IT & Telecom

9.5.1 Market Estimates & Forecast, 2020-2027

9.5.2 Market Estimates & Forecast by Region, 2020-2027

9.6 Energy & Power

9.6.1 Market Estimates & Forecast, 2020-2027

9.6.2 Market Estimates & Forecast by Region, 2020-2027

9.7 Automotive & Transportation

9.7.1 Market Estimates & Forecast, 2020-2027

9.7.2 Market Estimates & Forecast by Region, 2020-2027

9.8 Others

9.8.1 Market Estimates & Forecast, 2020-2027

9.8.2 Market Estimates & Forecast by Region, 2020-2027

10. Global IT Asset Management Software Market by Deployment

10.1 Introduction

10.2 On-Cloud

10.2.1 Market Estimates & Forecast, 2020-2027

10.2.2 Market Estimates & Forecast by Region, 2020-2027

10.3 On-Premise

10.3.1 Market Estimates & Forecast, 2020-2027

10.3.2 Market Estimates & Forecast by Region, 2020-2027

10.4 Others

10.4.1 Market Estimates & Forecast, 2020-2027

10.4.2 Market Estimates & Forecast by Region, 2020-2027

11. Global IT Asset Management Software Market by Tools

11.1 Introduction

11.2 Discovery/ Automated inventory

11.2.1 Market Estimates & Forecast, 2020-2027

11.2.2 Market Estimates & Forecast by Region, 2020-2027

11.3 License Management

11.3.1 Market Estimates & Forecast, 2020-2027

11.3.2 Market Estimates & Forecast by Region, 2020-2027

11.4 Patch & Version Management

11.4.1 Market Estimates & Forecast, 2020-2027

11.4.2 Market Estimates & Forecast by Region, 2020-2027

11.5 Request Management

11.5.1 Market Estimates & Forecast, 2020-2027

11.5.2 Market Estimates & Forecast by Region, 2020-2027

11.6 Product/Service Catalog

11.6.1 Market Estimates & Forecast, 2020-2027

11.6.2 Market Estimates & Forecast by Region, 2020-2027

11.7 Digital Asset Management

11.7.1 Market Estimates & Forecast, 2020-2027

11.7.2 Market Estimates & Forecast by Region, 2020-2027

11.8 Others

11.8.1 Market Estimates & Forecast, 2020-2027

11.8.2 Market Estimates & Forecast by Region, 2020-2027

12. Global IT Asset Management Software Market by Region

12.1 Introduction

12.2 North America

12.2.1 Market Estimates & Forecast, 2020-2027

12.2.2 Market Estimates & Forecast by Component, 2020-2027

12.2.3 Market Estimates & Forecast by Organization Size, 2020-2027

12.2.4 Market Estimates & Forecast by Deployment, 2020-2027

12.2.5 Market Estimates & Forecast by End-User, 2020-2027

12.2.6 Market Estimates & Forecast by Tools, 2020-2027

12.2.7 U.S.

12.2.7.1 Market Estimates & Forecast, 2020-2027

12.2.7.2 Market Estimates & Forecast by Component, 2020-2027

12.2.7.3 Market Estimates & Forecast by Organization Size, 2020-2027

12.2.7.4 Market Estimates & Forecast by Deployment, 2020-2027

12.2.7.5 Market Estimates & Forecast by End-User, 2020-2027

12.2.7.6 Market Estimates & Forecast by Tools, 2020-2027

12.2.8 Mexico

12.2.8.1 Market Estimates & Forecast, 2020-2027

12.2.8.2 Market Estimates & Forecast by Component, 2020-2027

12.2.8.3 Market Estimates & Forecast by Organization Size, 2020-2027

12.2.8.4 Market Estimates & Forecast by Deployment, 2020-2027

12.2.8.5 Market Estimates & Forecast by End-User, 2020-2027

12.2.8.6 Market Estimates & Forecast by Tools, 2020-2027

12.2.9 Canada

12.2.9.1 Market Estimates & Forecast, 2020-2027

12.2.9.2 Market Estimates & Forecast by Component, 2020-2027

12.2.9.3 Market Estimates & Forecast by Organization Size, 2020-2027

12.2.9.4 Market Estimates & Forecast by Deployment, 2020-2027

12.2.9.5 Market Estimates & Forecast by End-User, 2020-2027

12.2.9.6 Market Estimates & Forecast by Tools, 2020-2027

12.3 Europe

12.3.1 Market Estimates & Forecast, 2020-2027

12.3.2 Market Estimates & Forecast by Component, 2020-2027

12.3.3 Market Estimates & Forecast by Organization Size, 2020-2027

12.3.4 Market Estimates & Forecast by Deployment, 2020-2027

12.3.5 Market Estimates & Forecast by End-User, 2020-2027

12.3.6 Market Estimates & Forecast by Tools, 2020-2027

12.3.7 Germany

12.3.7.1 Market Estimates & Forecast, 2020-2027

12.3.7.2 Market Estimates & Forecast by Component, 2020-2027

12.3.7.3 Market Estimates & Forecast by Organization Size, 2020-2027

12.3.7.4 Market Estimates & Forecast by Deployment, 2020-2027

12.3.7.5 Market Estimates & Forecast by End-User, 2020-2027

12.3.7.6 Market Estimates & Forecast by Tools, 2020-2027

12.3.8. France

12.3.8.1 Market Estimates & Forecast, 2020-2027

12.3.8.2 Market Estimates & Forecast by Component, 2020-2027

12.3.8.3 Market Estimates & Forecast by Organization Size, 2020-2027

12.3.8.4 Market Estimates & Forecast by Deployment, 2020-2027

12.3.8.5 Market Estimates & Forecast by End-User, 2020-2027

12.3.8.6 Market Estimates & Forecast by Tools, 2020-2027

12.3.9 U.K

12.3.9.1 Market Estimates & Forecast, 2020-2027

12.3.9.2 Market Estimates & Forecast by Component, 2020-2027

12.3.9.3 Market Estimates & Forecast by Organization Size, 2020-2027

12.3.9.4 Market Estimates & Forecast by Deployment, 2020-2027

12.3.9.5 Market Estimates & Forecast by End-User, 2020-2027

12.3.9.6 Market Estimates & Forecast by Tools, 2020-2027

12.4 Asia Pacific

12.4.1 Market Estimates & Forecast, 2020-2027

12.4.2 Market Estimates & Forecast by Component, 2020-2027

12.4.3 Market Estimates & Forecast by Organization Size, 2020-2027

12.4.4 Market Estimates & Forecast by Deployment, 2020-2027

12.4.5 Market Estimates & Forecast by End-User, 2020-2027

12.4.6 Market Estimates & Forecast by Tools, 2020-2027

12.4.7 China

12.4.7.1 Market Estimates & Forecast, 2020-2027

12.4.7.2 Market Estimates & Forecast by Component, 2020-2027

12.4.7.3 Market Estimates & Forecast by Organization Size, 2020-2027

12.4.7.4 Market Estimates & Forecast by Deployment, 2020-2027

12.4.7.5 Market Estimates & Forecast by End-User, 2020-2027

12.4.7.5 Market Estimates & Forecast by Tools, 2020-2027

12.4.8 India

12.4.8.1 Market Estimates & Forecast, 2020-2027

12.4.8.2 Market Estimates & Forecast by Component, 2020-2027

12.4.8.3 Market Estimates & Forecast by Organization Size, 2020-2027

12.4.8.4 Market Estimates & Forecast by Deployment, 2020-2027

12.4.8.5 Market Estimates & Forecast by End-User, 2020-2027

12.4.8.6 Market Estimates & Forecast by Tools, 2020-2027

12.4.9 Japan

12.4.9.1 Market Estimates & Forecast, 2020-2027

12.4.9.2 Market Estimates & Forecast by Component, 2020-2027

12.4.9.3 Market Estimates & Forecast by Organization Size, 2020-2027

12.4.9.4 Market Estimates & Forecast by Deployment, 2020-2027

12.4.9.5 Market Estimates & Forecast by End-User, 2020-2027

12.4.9.6 Market Estimates & Forecast by Tools, 2020-2027

12.4.10 Rest of Asia Pacific

12.4.10.1 Market Estimates & Forecast, 2020-2027

12.4.10.2 Market Estimates & Forecast by Component, 2020-2027

12.4.10.3 Market Estimates & Forecast by Organization Size, 2020-2027

12.4.10.4 Market Estimates & Forecast by Deployment, 2020-2027

12.4.10.5 Market Estimates & Forecast by End-User, 2020-2027

12.4.10.6 Market Estimates & Forecast by Tools, 2020-2027

12.5 Rest of the World

12.5.1 Market Estimates & Forecast, 2020-2027

12.5.2 Market Estimates & Forecast by Component, 2020-2027

12.5.3 Market Estimates & Forecast by Organization Size, 2020-2027

12.5.4 Market Estimates & Forecast by Deployment, 2020-2027

12.5.5 Market Estimates & Forecast by End-User, 2020-2027

12.5.6 Market Estimates & Forecast by Tools, 2020-2027

12.5.7 The Middle East & Africa

12.5.7.1 Market Estimates & Forecast, 2020-2027

12.5.7.2 Market Estimates & Forecast by Component, 2020-2027

12.5.7.3 Market Estimates & Forecast by Organization Size, 2020-2027

12.5.7.4 Market Estimates & Forecast by Deployment, 2020-2027

12.5.7.5 Market Estimates & Forecast by End-User, 2020-2027

12.5.7.6 Market Estimates & Forecast by Tools, 2020-2027

12.5.8 Latin Countries

12.5.8.1 Market Estimates & Forecast, 2020-2027

12.5.8.2 Market Estimates & Forecast by Component, 2020-2027

12.5.8.3 Market Estimates & Forecast by Organization Size, 2020-2027

12.5.8.4 Market Estimates & Forecast by Deployment, 2020-2027

12.5.8.5 Market Estimates & Forecast by End-User, 2020-2027

12.5.8.6 Market Estimates & Forecast by Tools, 2020-2027

13. Company Profiles

13.1 Freshworks Inc. (U.S.)

13.1.1 Company Overview

13.1.2 Product/Business Segment Overview

13.1.3 Financial Updates

13.1.4 Key Developments

13.2 BMC Software (U.S.)

13.2.1 Company Overview

13.2.2 Product/Business Segment Overview

13.2.3 Financial Updates

13.2.4 Key Developments

13.3 SysAid Technologies Ltd (Israel)

13.3.1 Company Overview

13.3.2 Product/Business Segment Overview

13.3.3 Financial Updates

13.3.4 Key Developments

13.4 ServiceNow, Inc (U.S.)

13.4.1 Company Overview

13.4.2 Product/Business Segment Overview

13.4.3 Financial Updates

13.4.4 Key Developments

13.5 Asset Panda (U.S.)

13.5.1 Company Overview

13.5.2 Product/Business Segment Overview

13.5.3 Financial Updates

13.5.4 Key Developments

13.6 Samanage Ltd (U.S.)

13.6.1 Company Overview

13.6.2 Product/Business Segment Overview

13.6.3 Financial Updates

13.6.4 Key Developments

13.7 Microsoft Corporation (U.S.)

13.7.1 Company Overview

13.7.2 Product/Business Segment Overview

13.7.3 Financial Updates

13.7.4 Key Developments

13.8 Wasp Barcode Technologies (U.S.)

13.8.1 Company Overview

13.8.2 Product/Business Segment Overview

13.8.3 Financial Updates

13.8.4 Key Developments

13.9 IBM Corporation (U.S.)

13.9.1 Company Overview

13.9.2 Product/Business Segment Overview

13.9.3 Financial Updates

13.9.4 Key Developments

13.10 HP, Inc (U.S.)

13.10.1 Company Overview

13.10.2 Product/Business Segment Overview

13.10.3 Financial Updates

13.10.4 Key Developments

14. Conclusion

LIST OF TABLES

Table1 World Population by Major Regions (2020-2027)

Table2 Global IT Asset Management Software Market: By Region, 2020-2027

Table3 North America IT Asset Management Software Market: By Country, 2020-2027

Table4 Europe IT Asset Management Software Market: By Country, 2020-2027

Table5 Asia Pacific IT Asset Management Software Market: By Country, 2020-2027

Table6 The Middle East & Africa IT Asset Management Software Market: By Country, 2020-2027

Table7 Latin America IT Asset Management Software Market: By Country, 2020-2027

Table8 Global IT Asset Management Software by Component Market: By Regions, 2020-2027

Table9 North America IT Asset Management Software by Component Market: By Country, 2020-2027

Table10 Europe IT Asset Management Software by Component Market: By Country, 2020-2027

Table11 Asia Pacific IT Asset Management Software by Component Market: By Country, 2020-2027

Table12 The Middle East & Africa IT Asset Management Software by Component Market: By Country, 2020-2027

Table13 Latin America IT Asset Management Software by Component Market: By Country, 2020-2027

Table14 Global Component Market: By Region, 2020-2027

Table15 North America IT Asset Management Software Market, By Country

Table16 North America IT Asset Management Software Market, By Component

Table17 North America IT Asset Management Software Market, By Organization Size

Table18 Europe: IT Asset Management Software Market, By Organization Size

Table19 Europe: IT Asset Management Software Market, By Component

Table20 Asia Pacific: IT Asset Management Software Market, By Country

Table21 Asia Pacific: IT Asset Management Software Market, By Component

Table22 Asia Pacific: IT Asset Management Software Market, By Organization Size

Table23 The Middle East & Africa: IT Asset Management Software Market, By Country

Table24 The Middle East & Africa IT Asset Management Software Market, By Component

Table25 The Middle East & Africa IT Asset Management Software Market, By Organization Size

Table26 Latin America: IT Asset Management Software Market, By Country

Table27 Latin America IT Asset Management Software Market, By Component

Table28 Latin America IT Asset Management Software Market, By Organization Size

LIST OF FIGURES

FIGURE 1 Global IT Asset Management Software market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of Global IT Asset Management Software Market

FIGURE 4 Value Chain of Global IT Asset Management Software Market

FIGURE 6 Global IT Asset Management Software Market, 2020-2027,

FIGURE 8 Global IT Asset Management Software Market size by Component, 2020

FIGURE 10 Global IT Asset Management Software Market size by Organization Size, 2020