The IT Asset Management Software Market has expanded due to widespread cloud adoption. Managing cloud resources without proper visibility can lead to cost overruns, security risks, and operational inefficiencies.

ITAM solutions detect cloud assets across multi-cloud and hybrid environments, offering detailed insights into consumption patterns, renewal timelines, and associated expenditures. Cloud governance tools integrated within ITAM platforms help control provisioning, optimize workloads, and identify cost-saving opportunities.

Security governance advances through automated discovery of misconfigured resources, unapproved SaaS applications, and outdated virtual images. ITAM also ensures compliance with cloud-specific regulations by maintaining accurate audit trails.

As cloud ecosystems grow more complex, ITAM plays a crucial role in achieving standardized governance and efficient resource utilization.

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