IT ASSET MANAGEMENT (ITAM) SOFTWARE MARKET ANALYSIS

Key Developments

• In November 2022, Microsoft Corp an American multinational corporation and technology company unveiled the Microsoft Supply Chain Platform, an innovative solution designed to help organizations optimize their supply chain data management. This open platform leverages Microsoft's cutting-edge AI technologies, collaborative tools, low-code capabilities, robust security measures, and Software-as-a-Service (SaaS) applications. The Microsoft Supply Chain Platform offers a modular and customizable approach, allowing organizations to seamlessly integrate and leverage the most suitable components to enhance their supply chain operations.
• In April 2022, Freshworks Inc., a software company dedicated to empowering businesses through its solutions, announced the expansion of its strategic partnership with Device42, the market leader in asset management. This enhanced collaboration aims to provide Freshservice customers with enterprise-grade asset management capabilities, ultimately contributing to improved business continuity.
• In April 2022, SysAid, a service automation company and a leading provider of IT service management software, announced a partnership with Oomnitza, a market leader in Enterprise Technology Management (ETM) solutions. This collaboration is designed to offer customers a holistic ETM approach that goes beyond basic IT asset management (ITAM) capabilities.
• In March 2022, Aptean, a leading provider of critical enterprise software solutions, launched Aptean EAM. This cloud-based enterprise asset management (EAM) solution is designed specifically for manufacturing companies and other businesses that rely on sophisticated equipment to maintain their production levels. Aptean EAM offers a complete suite of EAM features, and it can also be used independently as a powerful computerized maintenance management system (CMMS), providing businesses with flexible options to manage their assets effectively.