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Procurement Market Intelligence Report

IT Asset Management Software Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for IT Asset Management Software?

What is the average price of IT Asset Management Software?

This procurement report includes pricing information to help you purchase IT Asset Management Software. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.

Has the price of IT Asset Management Software been rising or falling?

Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.

I’m not ready to purchase IT Asset Management Software yet. Will I pay more if I wait too long?

We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.

What other costs are associated with purchasing IT Asset Management Software?

Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for IT Asset Management Software with a reduced risk of unexpected costs.

See how we display average pricing information, trends and market data.

Find the vendor to meet your needs

Where can I purchase IT Asset Management Software?

The ITAM software market has a low level of market share concentration. Currently, the top four suppliers account for less than 30.0% of total market revenue. According to ProcurementIQ estimates, there are over 400 suppliers in the market. ITAM software suppliers differ based on the size of buyers they serve.... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Service

What level of service will be provided? Will service be available outside of business hours?

How will service interruptions be handled?

What systems do you have in place to prevent service outages?

What is your average response time on service requests?

Insurance

Is there a warranty available on the product? If so, how does the warranty work regarding crashes and data breaches?

How comprehensive will the warranty be? What will it cover and how long does it last?

Can I purchase a warranty extension, and for how much?

Do you keep all collected data? What are your typical procedures concerning privacy and security rights?

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Key elements for every RFP

What should my IT Asset Management Software RFP include?

Project Budget

Buyers should provide a budget based on the deployment model selected.

If purchasing the SaaS option, buyers should specify if they are looking for a pricing plan per user or per asset.

Buyers should clearly define their total budget for the purchase, implementation, training, and any other related good or service they may need.

Buyers should indicate their desired warranty length and terms for maintenance.

Buyers should include the payment schedule and specify when payment(s) will be made.

Selection Criteria

Buyers should select a vendor that has a history of providing reliable software, even if their primary specialty is not ITAM software.

Buyers should choose a vendor with strong client references.

Buyers should choose a vendor that will reliably provide the requested value-added services.

Buyers should select a vendor with strong customer service.

For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers should outline the key dates in the bid solicitation process and specify when the final award will be announced.

Buyers should list dates for any training, delivery, installation or maintenance work, if applicable.

If entering into a contract, buyers should specify terms for early contract termination.

Evaluate major factors to mitigate risk

How risky is the IT Asset Management Software supply chain?

There is a low level of supply chain risk for ITAM software. Vendors in this market source inputs from a variety of upstream suppliers, primarily software recruiting firms and suppliers of computers, semiconductors and other peripheral equipment. Rising demand for software engineers and technology hardware reduces supply chain risk to... Subscribe to learn more.

HIGH

MEDIUM

LOW