Frequently Asked Questions
The global Hardware Asset Management Market was valued at USD 24.8 Billion in 2022.
The Hardware Asset Management Market is expected to grow at a CAGR of 13.70% between 2023 and 2030, reaching USD 60.9 Billion in 2030.
In 2022, the solution segment dominated the industry, accounting for more than 54.85% of total revenue.
Large enterprises segment governs the market demand of Hardware Asset Management.
The healthcare industry segment is predicted to have the greatest CAGR in the hardware asset management market.
In 2022, North America was expected to account for almost 40% of the worldwide hardware asset management market.
The top players include Dell Inc., Microsoft Corporation, IBM Corporation and BMC Software Inc. Other major players include Oracle Corp, Flexera Software LLC, Ivanti (formely LANDESK) and Aspera Technologies Inc.
The popularity of cloud computing is increasing, and asset visibility and control are becoming increasingly critical are the major market drivers.
Lack of understanding and knowledge of the benefits of asset management solutions, as well as a lack of standardization is the major market restraints.
Cloud-based asset management solutions are getting more popular, and Internet of Things (IoT) device use is increasing are the major opportunities in the Hardware Asset Management industry.