IT Asset Management Market estimated to Witness High Growth Owing to Growing Need for Managing IT Assets

IT asset management (ITAM) software enables organizations to manage their IT assets, including software licenses, hardware devices, and networking infrastructure throughout the asset lifecycle. It provides inventory management, license entitlement and optimization, hardware and software asset reconciliation, software license optimization and allocation, hardware and software auditing, and insights for budgeting and forecasting. The key advantages offered by ITAM software include automated compliance and license management, risk mitigation, cost savings through optimization, and streamlined processes to manage assets more efficiently.

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