Europe IT Asset Management Software Market was valued at USD 2.14 Billion in 2022 and is projected to reach USD 4.06 Billion by 2030, growing at a CAGR of 8.6% from 2024 to 2030.
The European IT Asset Management (ITAM) software market is experiencing significant growth, propelled by the increasing need for efficient management of IT assets across various industries. This growth is primarily driven by the rising adoption of cloud-based solutions and the imperative for regulatory compliance.
In 2022, the European ITAM software market was valued at approximately USD 1.85 billion and is projected to reach USD 2.52 billion by 2028, reflecting a Compound Annual Growth Rate (CAGR) of 6.32% during the forecast period. citeturn0search3
A key trend influencing this market is the shift towards cloud-based ITAM solutions. In 2022, the cloud deployment segment dominated the market, and this trend is expected to continue due to the benefits of digital transformation and operational efficiency that cloud solutions offer.
Industries such as Banking, Financial Services, and Insurance (BFSI) are significant adopters of ITAM solutions, accounting for a substantial market share in 2022. The need to track assets like ATMs and manage financial data securely drives the demand for robust ITAM systems in this sector. citeturn0search2
The IT and Telecom sector also plays a crucial role, representing 29% of the market share in 2023. The vast infrastructure and the necessity for constant monitoring and optimization of assets underscore the importance of ITAM solutions in this industry.
Compliance with standards such as ISO/IEC 19770-1:2017 is becoming increasingly important. This standard provides a framework for ITAM processes, ensuring organizations meet corporate governance standards and effectively manage software assets. citeturn0search26
The growing complexity of IT environments, coupled with the need for cost optimization and regulatory adherence, positions ITAM software as a critical component for organizations aiming to enhance operational efficiency and maintain a competitive edge in the European market.
Get an In-Depth Research Analysis of the Europe IT Asset Management Software Market Size And Forecast [2025-2032]
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Microsoft
BMC Software
IBM
Symantec
Micro Focus
JustSAMIt
Scalable Software
Samanage
HP
Freshservice
Spiceworks
Real Asset Management
Lansweeper
InvGate
Salesforce
Infor
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe IT Asset Management Software Market
On-Premises
Cloud-Based
Hybrid
Small Enterprises
Medium Enterprises
Large Enterprises
IT and Telecom
Healthcare
Manufacturing
Retail
Banking and Financial Services
Government
Education
Inventory Management
License Management
Compliance Management
Lease Management
Cost Management
IT Professionals
Procurement Managers
Compliance Officers
Finance Teams
Operations Managers
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Europe IT Asset Management Software Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe IT Asset Management Software Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe IT Asset Management Software Market, By Type
6. Europe IT Asset Management Software Market, By Application
7. Europe IT Asset Management Software Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe IT Asset Management Software Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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