Technavio projects that the IT Asset Management (ITAM) Software Market will increase by USD 456.14 million at a CAGR of 7.58% between 2023 and 2028. The market’s growth is fueled by several key factors. The rapid adoption of ITAM solutions stems from the increasing need for efficient asset tracking and management within businesses. Compliance with industry standards such as ITIL and ISO 55000 is also driving organizations to invest in ITAM software. Additionally, the expansion of IT infrastructures adds complexity, necessitating robust digital asset management for optimal use and cost control. The rise in remote work environments and the integration of digital technologies further accelerate market evolution.

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