IT Asset Management Statistics 2024 – Everything You Need to Know

Are you looking to add IT Asset Management to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important IT Asset Management statistics of 2024.

My team and I scanned the entire web and collected all the most useful IT Asset Management stats on this page. You don’t need to check any other resource on the web for any IT Asset Management statistics. All are here only 🙂

How much of an impact will IT Asset Management have on your day-to-day? or the day-to-day of your business? Should you invest in IT Asset Management? We will answer all your IT Asset Management related questions here.

Please read the page carefully and don’t miss any word. 🙂

Best IT Asset Management Statistics

☰ Use “CTRL+F” to quickly find statistics. There are total 48 IT Asset Management Statistics on this page 🙂

IT Asset Management Benefits Statistics

  • What surveyed IT leaders consider the most important potential benefits of SAM Improving systems security, data integrity, and data security (36%). [0]

IT Asset Management Usage Statistics

  • Avoiding compliance irregularities (33%) Optimizing software deployment and usage (29%). [0]

IT Asset Management Market Statistics

  • Asset Management System Market Asset management systems represent a booming market that is expected to maintain a compound annual growth rate of 10.3% from 2020 to 2025. [1]
  • According to Statista, “The global market for fixed asset management software is forecast to grow from 3 billion U.S. dollars in 2019 to 5.2 billion U.S. dollars in 2024. [2]
  • Retail portfolios, representing 41% of global assets at $42 trillion, grew by 11% in 2020, while institutional investments grew at a similar pace to reach $61 trillion, or 59% of the global market. [3]

IT Asset Management Software Statistics

  • Read the Workflow Guide The future of software asset management 72% of organizations lack a solid SAM strategy. [0]
  • 83% do not view SAM as a strategic initiative Companies can expect to achieve up to 25% annual savings onsoftware managementcosts by implementing a modern SAM program. [0]
  • Avoiding compliance irregularities (33%) Optimizing software deployment and usage (29%). [0]
  • Improving position to negotiate software licensing (27%). [0]
  • According to Statista, “The global market for fixed asset management software is forecast to grow from 3 billion U.S. dollars in 2019 to 5.2 billion U.S. dollars in 2024. [2]

IT Asset Management Latest Statistics

  • 43% still track IT assets in spreadsheets. [0]
  • 56% don’t manage the entire lifecycle of their assets More than 60% of IT professionals are missing key information in their ITAM program to effectively manage their assets from procurement to disposal, according to Ivanti. [0]
  • 29% of IT organizations spend excess staff hours trying to reconcile inventory and assets 28% spend excess hours dealing with outofwarranty and outof support policy assets, according to Ivanti. [0]
  • Businesses that successfully implement ITAM can achieve up to a 30% cost savings in the first year, and at least 5% savings in each of the subsequent five years. [0]
  • 74% have not created a formal SAM function. [0]
  • Can you believe that the amount of working capital tied up in inventory equals 7% of the gross domestic product of the United States?. [1]
  • As many as 43% of them use manual methods of tracking or do not track inventory at all. [1]
  • A staggering 80% of employees waste their time because they don’t have the right asset support behind them. [1]
  • A 54% Increase in Theft over 2 years!. [1]
  • In the past 2 years, 33% of salespeople have experienced asset theft. [1]
  • While it differs from industry to industry, 75% of maintenance work should be preventive and 25% reserved for situations that can’t be avoided. [1]
  • Research has shown that 35% of company data is not protected at all, despite requiring strong security. [1]
  • This was the case with a medical facility in New England, where harmful administration errors dropped by a whopping 41% after a tagging system was put in place. [1]
  • According to a blog, “Over the 2004 to 2014 period an estimated $51.2 million of heavy plant, equipment and vehicles were stolen from businesses. [2]
  • According to the data, “80% of employees waste an average of 30 minutes per day retrieving information.”. [2]
  • According to Retail Wire, “Overstocks and outof stocks cost retailers $1.1 trillion globally in lost revenue. [2]
  • Overstocks are responsible for 3.2 percent in lost revenue for the average retailer, and outof. [2]
  • As per the capterra blog in 2017, “Businesses, on average, spend 80% of their time reacting to maintenance issues that arise rather than preventing them.”. [2]
  • “As of 2015, 25 percent of the global data required security but was not protected. [2]
  • That number was projected to increase to 45 percent in 2025.”. [2]
  • On average, there is 5 to 10 percent of ghost assets exist in every organization. [2]
  • Employment of financial managers is projected to grow 17 percent from 2020 to 2030, much faster than the average for all occupations. [4]
  • And while highincome countries more than doubled quarterly FDI inflows, low income economies suffered a further 9% decline. [5]
  • The $100 Trillion Machine has emerged from the global pandemic in a position of strength, with assets growing by 11% in 2020 to end the year at $103 trillion. [3]
  • Retail investors were the main driver of net inflow, contributing 4.4% of net new capital in 2020, twice the size of the contribution made by institutional investors (2.2%). [3]
  • The world’s largest asset management region, North America, delivered another year of double digit growth in 2020, with assets under management increasing by 12% to reach $49 trillion. [3]
  • Growth was also strong in Europe (10%), Asia Pacific (11%), and the Middle East and Africa (12%). [3]
  • Yet across the board, profitability was largely flat in comparison with 2019, as costs and fee compression kept operating profits hovering at around 34% of net revenues. [3]
  • Available to download in PNG, PDF, XLS format 33% off until Jun 30th. [6]
  • The United Kingdom represents more than one third of the EU’s assets being managed and almost half of all European assets come in the form of bonds, at 46%. [7]
  • In a recent survey, 8% of asset managers stated that gender played a major role in their decision to represent a specific client.2. 75% of the clientele in this industry are institutional.3. [7]
  • 74% of those who utilize the asset management industry are undergoing some sort of financial transition.2. [7]
  • 39% of those in a recent survey said that they were satisfied with the changes to their finances that had occurred by using the asset management industry.3. [7]
  • 75% believe that there has been no consolidation of firms within the asset management industry in the last 24 months, yet 60% of people expect significant consolidation to occur.5. [7]
  • Worldwide regulated funds grew at 9.1 percent CAGR versus 8.6 percent by US mutual funds and ETFs. [7]
  • ECB/2013/38 , which defines the statistical standards according to which investment funds must report information on their assets and liabilities to the NCBs. [8]
  • The specific firms oversee approximately 26 percent of HMC’s externally managed assets. [9]
  • Narvekar and Murtagh also wrote that 50 percent of HMC’s 20 internal managing directors self identify as women or people of color. [9]

I know you want to use IT Asset Management Software, thus we made this list of best IT Asset Management Software. We also wrote about how to learn IT Asset Management Software and how to install IT Asset Management Software. Recently we wrote how to uninstall IT Asset Management Software for newbie users. Don’t forgot to check latest IT Asset Management statistics of 2024.

Reference


  1. servicenow – https://www.servicenow.com/workflow/learn/what-is-it-asset-management/key-statistics-it-asset-management/.
  2. gocodes – https://gocodes.com/asset-management-statistics/.
  3. assetinfinity – https://www.assetinfinity.com/blog/business-statistics-and-how-asset-management-software-overcomes-them.
  4. bcg – https://www.bcg.com/publications/2021/global-asset-management-industry-report.
  5. bls – https://www.bls.gov/ooh/management/financial-managers.htm.
  6. unctad – https://unctad.org/topic/investment/investment-statistics-and-trends.
  7. statista – https://www.statista.com/statistics/322452/largest-asset-managers-worldwide-by-value-of-assets/.
  8. brandongaille – https://brandongaille.com/asset-management-industry-statistics/.
  9. europa – https://www.ecb.europa.eu/stats/financial_corporations/investment_funds/html/index.en.html.
  10. thecrimson – https://www.thecrimson.com/article/2020/8/2/harvard-response-to-endowment-letter/.

How Useful is It Asset Management

One of the key benefits of IT asset management is cost savings. By keeping track of all IT assets, organizations can avoid unnecessary purchases or upgrades. With a clear understanding of the existing assets and their usage, companies can make informed decisions about when to repair, replace, or retire assets. This proactive approach can help prevent overspending on redundant tools or licensing fees, ultimately leading to a more efficient use of resources.

Furthermore, IT asset management helps improve security within an organization. With the rise of cyber threats and data breaches, it is more important than ever for companies to have a comprehensive overview of their IT assets. By knowing exactly what devices and software are in use, organizations can better protect themselves against potential vulnerabilities and unauthorized access. Regularly updating and patching assets can help mitigate security risks and prevent costly breaches.

Another advantage of IT asset management is enhanced productivity. By optimizing the utilization of IT assets, organizations can streamline processes and improve workflow efficiency. Through effective monitoring and control, companies can ensure that employees have access to the tools they need to perform their jobs effectively. This results in increased productivity and reduced downtime, ultimately contributing to the overall success of the organization.

Moreover, IT asset management can aid in compliance with regulatory requirements. Many industries, such as healthcare and finance, have strict regulations regarding data protection and privacy. By accurately documenting IT assets, organizations can demonstrate compliance with these regulations and avoid penalties for non-compliance. Additionally, IT asset management can help organizations maintain software licenses and ensure that they are using authorized and legal software, further mitigating compliance risks.

Overall, the importance of IT asset management cannot be overstated. In today’s technology-driven world, organizations rely heavily on IT assets to conduct their daily operations. Effective management of these assets can lead to cost savings, improved security, increased productivity, and regulatory compliance. By investing in the necessary tools and processes to manage IT assets effectively, organizations can position themselves for success and sustainability in the long term.

In Conclusion

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