Every IT team wants a bigger budget for newer and better equipment and software, but how many teams actually maximize the value of their current IT assets? By buying the best-valued IT asset management software, companies can get the most money out of their IT software inventory.
IT asset management (ITAM) software is critical for any mid-size and enterprise company
IT asset management (ITAM) software provides companies comprehensive insights to manage IT assets such as laptops, servers, routers, and software. The software can automatically track asset inventory, ownership, licenses, compliance, or utilization. Without ITAM, the IT support team would have to manually record equipment information, record history, incident occurrences, and perform other time-consuming activities.
How does ITAM software benefit modern businesses?
- Gain visibility into hardware and software management
- Reduce the cost of ownership by eliminating outdated or underutilized assets
- Reduce compliance risks, security breaches, and system failures
However, IT asset management software can be expensive, especially when companies are buying enterprise licenses to manage thousands of physical equipment and hundreds of applications.
Finding affordable software for the business case can be difficult since B2B software market lacks transparent pricing. On G2, software buyers have ranked ITAM software for its value for money, based on Return on Investment (ROI) and User Adoption to help potential buyers identify what is the best software to purchase.
PDQ Inventory ranked first by return on investment (ROI) period
The ROI is the number of months it takes for the buyer to make their money back on software purchases. By looking at the ROI period, companies can easily identify software that can provide the best value for its price.
Out of 143 ITAM software listed on G2, here are the top five products with the quickest ROI period within their contract period:
With PDQ Inventory, software buyers can get their money’s worth in six months. Onspring, Vanta, Drata, and SanerNow also have a short ROI period compared to the average ROI period, which is 15 months.
Lansweeper ranked top by User Adoption
User adoption rate is the percentage of users who actively use the software out of the total license purchased. This shows that the number of licenses is properly allocated, so companies don’t overspend on extra licenses.
With that in mind, here are the top five products with the highest User Adoption rating:
With Lansweeper, software buyers can ensure that their license quantities are properly allocated. Vanta, Central, Ivanti Unified Endpoint Manager, and Incident IQ also have higher user adoption percentages than the average of 77%. Per G2 reviewers, these products help attain maximum utilization without overpaying for licenses.
Companies should pick their ITAM software based on use cases
ITAM software market is complicated because there are many different business use cases. Some companies want to manage only endpoints, while others want their assets to meet compliance standards. Software buyers should see if the ITAM software fits their requirements or not, so they purchase the right software.
Edited by Sinchana Mistry
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Tian Lin
Tian is a research analyst at G2 for Cloud Infrastructure and IT Management software. He comes from a traditional market research background from other tech companies. Combining industry knowledge and G2 data, Tian guides customers through volatile technology markets based on their needs and goals.
