The concept of a software inventory isn't too complex: essentially, it means keeping an inventory or record of all the software and applications used in your IT environment. Understanding Software Inventory Management What is a software inventory?

As enterprises continue to add software and applications to their IT estates, the need to maintain a software inventory increases as well.īut what is software inventory management and why does it matter? In this blog post, we'll tell you everything you need to know, including the definition and benefits of software inventory management, common challenges, and best practices for maintaining a complete and accurate software inventory. IT spending on enterprise software surpassed $783 million in 2022 and is projected to grow 9.3% to $856 million by 2023. We're also spending a lot more money on software, even as our options for software-as-a-service offerings increase. Today's businesses run on software - and we're increasingly dependent on it to function as it promises.

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