Hardware asset management is the process of managing physical computer solutions and components such as laptops and desktops from the point of purchase to the point of retirement. Enterprises and organizations typically incorporate hardware asset management in their overall scope, and these end-users integrate their operations with IT procedures to guarantee that hardware asset management is a key component of IT departments.
Hardware solutions, like software, must be appropriately maintained to guarantee that the end-user is getting the most out of the asset. To manage assets from the time of request to the point where they are retired from usage, enterprise processes must be in place.
The Effects of the COVID-19 Pandemic on the Hardware Asset Management Industry
As illnesses spread over the world, national governments are being forced to proclaim nationwide lockdowns. Employees must work from home during these lockdowns. Large businesses are expected to keep buying hardware asset management solutions and services at the same pace as before the lockdowns.
Market Dynamics in Hardware Asset Management
End-users can save a lot of money by using hardware asset management, which includes both hardware and accompanying software solutions. Procurement costs are reduced when hardware and software assets are managed actively throughout their lifecycles.
Enterprises are motivated to embrace hardware asset management for a variety of reasons, including lower maintenance costs, hardware budgets, software spending, and a focus on maximizing the potential for cost savings through disposal processes.
Competition in the Hardware Asset Management Market
The following are some of the major players in the worldwide hardware asset management market:
- Dell Inc.
- BMC Software Inc.
- HP Inc.
- ServiceNow Inc.