Top 5 IT Asset Management Solutions for 2025

In today's fast-changing digital world, managing IT assets is no longer just about keeping track of devices. It's about gaining visibility, reducing waste, supporting remote teams, and making informed decisions that save time and money. This is where IT Asset Management (ITAM) solutions come in.

As 2025 begins, businesses are looking for ITAM platforms that are more than just inventory tools. The best solutions now offer full lifecycle tracking, automation, user-based pricing, and seamless integration with other systems. These tools are helping companies simplify operations and focus on what matters most—performance, security, and cost control.

Below, we highlight the top five IT Asset Management solutions to watch in 2025.

Why ITAM Still Matters in 2025

With more remote and hybrid teams, cloud-based systems, and growing cybersecurity risks, ITAM remains essential. The right platform helps IT teams manage assets from anywhere, stay compliant, and avoid unnecessary spending.

What Makes a Great ITAM Platform?

The best ITAM platforms in 2025 go beyond basic tracking. They offer automation, integration, clear reporting, and flexible pricing. Whether you're a small team or a large enterprise, choosing the right tool can improve decision-making and long-term savings.

Below, we highlight the top five IT Asset Management solutions to watch in 2025.

1. Teqtivity

Teqtivity is a forward-thinking IT Asset Management (ITAM) solution that originated from a practical need to streamline device loaning processes for developers. Founded by Hiren Hasmukh, the company initially focused on creating smart locker solutions. Recognizing a broader challenge in IT asset tracking, Teqtivity pivoted to develop a comprehensive ITAM platform. Today, it offers organizations unparalleled visibility into their IT assets throughout their lifecycle, emphasizing customization, scalability, and user-centric design.

Key Features and Benefits

User-Based Pricing Model

Unlike many competitors that charge per device, Teqtivity's subscription is based on actual users. This model allows unlimited asset tracking without escalating costs, making it a cost-effective solution for organizations of all sizes.

Comprehensive Lifecycle Management

Teqtivity provides tools to manage assets efficiently from procurement to disposal. This end-to-end lifecycle management reduces downtime, optimizes utilization, and ensures that assets are accounted for at every stage.

Customizable Integrations

Understanding that each organization has unique workflows, Teqtivity collaborates closely with clients to build specific integrations. This ensures seamless workflows tailored to organizational needs, enhancing efficiency and user adoption.

Real-Time Asset Tracking

With real-time tracking capabilities, Teqtivity allows organizations to monitor assets across various locations. This feature is particularly beneficial in remote work environments, ensuring assets are tracked and managed effectively, regardless of location.

Automated Alerts and Notifications

Teqtivity automates alerts and notifications for critical asset-related events, such as maintenance schedules, warranty expirations, and compliance requirements. This proactive approach helps organizations avoid potential issues and maintain operational continuity.

Robust Reporting and Analytics

The platform offers customizable reporting and analytics tools, enabling organizations to generate insights into asset utilization, compliance status, and cost optimization opportunities. These insights support informed decision-making and strategic planning.

User-Friendly Interface

Emphasizing clarity over complexity, Teqtivity's platform is designed for ease of use. Its intuitive interface ensures quick adoption across teams, reducing the learning curve and enhancing productivity.

Scalability and Flexibility

Teqtivity is built to scale with your organization. Whether you're a startup or a large enterprise, the platform adapts to your evolving needs, supporting growth without compromising performance.

Pros

• User-based pricing means you can track unlimited assets without the extra cost of per-device charges, making Teqtivity ideal for growing organizations.
• Customizable integrations allow the platform to fit into your existing systems instead of forcing you to change your workflows.
• End-to-end asset lifecycle management ensures that every stage—from procurement to disposal—is tracked and optimized.
• Real-time tracking is especially useful for remote or hybrid teams that need visibility across multiple locations.
• Automated alerts help you stay ahead of renewals, maintenance schedules, and compliance deadlines.
• User-friendly interface makes it easy for new users to get started without needing extensive training.
• Scalable architecture ensures the platform grows with your business needs.
• Robust reporting and analytics support smarter, data-driven decisions.

Cons

• No free plan is offered, and the trial period is limited, which may be a hurdle for some small businesses.
• Limited brand recognition may cause hesitation compared to more established ITAM providers.
• Custom integration setup can take time and effort, especially for complex environments.
• Mobile features are currently more limited than the desktop experience.
• English-only support might be restrictive for global teams.
• Third-party reviews are limited, making it harder for some users to evaluate based on peer experiences.

Teqtivity offers a fresh, user-focused approach to IT Asset Management, combining flexibility, scalability, and clarity in one streamlined platform. Its pricing model stands out for being practical and cost-efficient, especially for organizations managing large volumes of assets. While it may not yet have the widespread name recognition of older competitors, its commitment to customization, responsive support, and continuous improvement makes it a solid choice for companies looking to modernize their ITAM strategy in 2025 and beyond.

2. ServiceNow IT Asset Management

ServiceNow is a recognized global leader in digital workflow automation, widely used by enterprises to streamline operations across departments. Its IT Asset Management (ITAM) solution is part of a broader platform that connects IT, HR, security, and customer service into one cohesive ecosystem. Designed for mid-sized to large enterprises, ServiceNow's ITAM tools focus on delivering control, cost optimization, and compliance across the asset lifecycle.

Benefits and Features

Comprehensive Lifecycle Management ServiceNow automates the full lifecycle of IT assets—from procurement and deployment to maintenance and retirement. This reduces manual work and ensures that assets are always up to date in the system, supporting both operational efficiency and audit readiness.

Seamless Integration with ITSM Its ITAM tools are built into ServiceNow's broader IT Service Management (ITSM) suite, allowing IT teams to manage incidents, changes, and assets from a single platform. This integration minimizes silos and improves communication across teams.

Real-Time Visibility and Dashboards With built-in analytics and customizable dashboards, ServiceNow provides real-time insights into asset utilization, helping decision-makers reduce waste, optimize use, and better forecast future needs.

Compliance and Risk Reduction The platform includes tools to track software licenses, warranties, and vendor contracts, helping organizations avoid non-compliance penalties and reduce security risks from outdated or unauthorized software.

Scalability and Enterprise Readiness ServiceNow is built to scale. It supports the complex needs of large organizations while offering the flexibility to adapt as requirements grow or change over time.

Pros

• Seamless integration with ServiceNow's powerful ITSM suite
• Highly customizable and scalable for enterprise use
• Advanced automation and lifecycle workflows
• Strong compliance and audit capabilities
• Real-time reporting tools for better asset visibility

Cons

• High cost may be restrictive for small businesses
• Setup and customization can be complex and time-consuming
• Best suited for organizations already using other ServiceNow modules
• Requires training for effective use due to feature depth

ServiceNow IT Asset Management is a robust, enterprise-grade solution ideal for organizations that need deep control and visibility over their IT assets. While it comes with a steeper learning curve and higher price point, its powerful integrations and automation capabilities make it a reliable choice for businesses already within the ServiceNow ecosystem.

3. ManageEngine Asset Explorer

ManageEngine is the IT management division of Zoho Corporation, a company known for building user-friendly, affordable business software. AssetExplorer is ManageEngine's dedicated IT Asset Management (ITAM) solution. It is designed to help businesses of all sizes manage their IT assets efficiently without the need for complex infrastructure or steep costs. This platform is especially popular among IT teams looking for practical asset tracking, license compliance, and procurement oversight in a single tool.

Benefits and Features

Asset DiscoveryAssetExplorer offers automated asset discovery to ensure that all hardware and software assets are identified and inventoried. It uses multiple scanning methods—such as agent-based and agentless—to keep the inventory updated across the network.

Software License Management The system tracks installed software and license usage across devices. It helps teams stay compliant with vendor agreements, minimizing the risk of penalties during audits.

Purchase Order ManagementWith built-in procurement tools, AssetExplorer can link assets to their purchase orders, giving organizations a clear record of acquisition dates, vendors, and costs.

Depreciation CalculationFor accounting and planning purposes, the platform includes depreciation tracking. This feature is useful for understanding asset value over time and planning for replacements or upgrades.

Customizable ReportsAssetExplorer includes flexible reporting options that can be tailored for audits, asset tracking, or financial planning. These reports provide key insights into asset health, usage trends, and compliance status.

Pros

• Affordable pricing compared to many enterprise ITAM tools
• Strong software license tracking and compliance features
• Easy-to-use interface with minimal setup requirements
• Integrates with other ManageEngine products
• Detailed financial features, including depreciation tracking

Cons

• Interface may feel outdated compared to newer platforms
• Limited advanced automation features
• Best suited for mid-sized companies rather than large enterprises
• Reporting customization could be more intuitive

ManageEngine AssetExplorer is a practical and cost-effective ITAM tool for small to mid-sized organizations. It covers the essential functions—like asset discovery, license management, and procurement—without overwhelming users. While it may lack some of the advanced automation of enterprise platforms, its simplicity, financial tracking, and accessible pricing make it a solid choice for businesses seeking reliable asset management.

4. Ivanti Neurons for ITAM

Ivanti is a leading provider of IT asset and service management solutions designed to simplify and automate IT operations. Its Neurons platform uses advanced automation and artificial intelligence (AI) to help organizations gain deeper insights into their IT assets while improving operational efficiency. Ivanti Neurons for IT Asset Management (ITAM) is built to provide real-time visibility and predictive capabilities, enabling IT teams to manage assets proactively and ensure compliance.

Benefits and Features

Automated Asset Discovery Ivanti Neurons continuously scans an organization's network to identify and track hardware and software assets in real-time. This ongoing discovery ensures asset inventories are accurate and up to date, even in complex or hybrid IT environments.

Integration with IT Service Management (ITSM) The platform tightly integrates ITAM with Ivanti's ITSM solutions, providing a holistic approach to managing IT infrastructure. This integration allows seamless workflows between asset management, incident resolution, and change management.

Predictive Analytics Powered by AI One standout feature of Ivanti Neurons is its use of AI-driven predictive analytics. This technology helps forecast future asset needs, identify potential failures, and proactively manage risks, allowing IT teams to plan ahead and avoid downtime.

Comprehensive Lifecycle Management Ivanti supports every stage of the asset lifecycle, from acquisition through deployment, maintenance, and disposal. This end-to-end management helps maximize asset utilization and reduce unnecessary spending.

Compliance and Risk Tracking The platform monitors software licenses, warranties, and hardware usage to ensure adherence to corporate policies and regulatory requirements. It helps organizations avoid costly penalties and security vulnerabilities associated with non-compliance.

Pros

• Strong automation with continuous asset discovery
• AI-powered predictive analytics for proactive IT management
• Seamless integration with Ivanti's ITSM suite
• Robust lifecycle management covering all asset phases
• Comprehensive compliance and risk tracking capabilities

Cons

• Can be complex to set up for smaller organizations
• Higher price point, better suited for medium to large enterprises
• Requires training to leverage advanced AI and automation features fully
• Integration works best when using Ivanti's broader ecosystem

Ivanti Neurons for ITAM is a powerful, AI-driven solution ideal for organizations that want to move beyond basic asset tracking to predictive and proactive management. Its strong automation and integration capabilities help IT teams optimize asset use, reduce risks, and ensure compliance. While it may require a larger investment and some onboarding effort, Ivanti's platform offers significant value for enterprises ready to adopt next-generation IT asset management.

5. Freshservice IT Asset Management

Freshservice, developed by Freshworks, delivers a modern and user-friendly IT Asset Management (ITAM) solution designed to meet the needs of businesses looking for simplicity without sacrificing powerful features. Its platform caters to organizations of all sizes, particularly those that want an easy-to-adopt tool integrated with strong service management capabilities. Freshservice focuses on streamlining IT operations by combining asset management with a service desk in a single unified system.

Benefits and Features

Unified Service Desk

Freshservice seamlessly integrates IT asset management with service requests and incident management. This unified approach enables IT teams to efficiently track assets alongside related tickets, ensuring faster issue resolution and improved service quality.

Automated Asset DiscoveryThe platform automatically scans the network to identify and catalog all hardware and software assets. This keeps the inventory current and accurate without manual intervention, reducing errors and time spent on asset tracking.

Contract and License ManagementFreshservice helps organizations manage software licenses and vendor contracts by tracking renewal dates and compliance requirements. This reduces the risk of expired licenses and costly penalties, while ensuring software is used within the terms of agreements.

Customizable WorkflowsThe solution allows businesses to create and tailor workflows to fit their specific operational processes. This flexibility ensures that asset management aligns with internal policies and improves team collaboration.

Mobile AccessibilityWith mobile apps available for iOS and Android, IT teams can access asset information, manage tickets, and approve requests while on the go, supporting faster response times and better field support.

Pros

• Easy-to-use interface ideal for teams new to ITAM
• Unified platform combining asset management with service desk
• Automated discovery reduces manual workload
• Strong contract and license tracking features
• Mobile apps enhance flexibility and responsiveness

Cons

• May lack some advanced features needed by large enterprises
• Reporting capabilities are less customizable than some competitors
• Pricing can increase quickly with added modules or users
• Integration options outside Freshworks ecosystem are limited

Freshservice IT Asset Management is an excellent choice for organizations seeking a simple, intuitive, and integrated ITAM and service desk solution. Its ease of use, automated discovery, and mobile accessibility make it particularly appealing for small to mid-sized teams. While it might not offer the full depth required by very large enterprises, Freshservice provides a well-rounded, efficient platform that helps IT teams stay organized and responsive in 2025.

Conclusion

Selecting the right IT Asset Management solution is pivotal for organizational efficiency, compliance, and cost optimization. While each of the solutions listed offers unique strengths, Teqtivity stands out for its user-centric approach, flexible integrations, and innovative pricing model. As businesses navigate the complexities of IT asset management in 2025, these top solutions provide the tools necessary for success.