Introduction

In 2025, IT asset visibility is foundational to cybersecurity, compliance, and cost control. With the rise of hybrid work, cloud-native tools, and IoT devices, tracking IT assets, both physical and digital, has become more complex than ever. That’s where IT Asset Management (ITAM) tools come in.

Top 10 ITAM Tools for Asset Tracking in 2025

1. ServiceNow ITAM

Overview: A market leader for enterprise ITAM, combining hardware, software, and cloud asset lifecycle management with native CMDB and workflow orchestration.

• ServiceNow Pricing: Custom enterprise pricing

• ServiceNow Licensing Options: Node/user-based

• Best For: Large enterprises with compliance needs

• Pros: Deep CMDB, seamless with ITSM, AI-powered insights

• Cons: Premium cost and complexity

• G2 Rating: 4.5/5 - 887 Reviews | Gartner Rating: 4.6/5 - 1943 Reviews

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2. ManageEngine AssetExplorer

Overview: A feature-rich, on-premise ITAM tool ideal for small to mid-sized organizations needing detailed asset control without breaking the budget.

• ManageEngine Pricing: Starts at $955/year for 250 nodes

• ManageEngine Licensing Options: Perpetual and annual subscription

• Best For: SMBs and internal IT teams

• Pros: Agentless discovery, software compliance, and budget-friendly

• Cons: Dated UI

• G2 Rating: 4.4/5 - 12 Reviews | Gartner Rating: 4.3/5 - 2 Reviews

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3. Lansweeper

Overview: A powerful asset discovery and inventory platform with agentless scanning across IT, OT, and IoT environments.

• Lansweeper Pricing: Starts at $1/asset/month

• Lansweeper Licensing Options: Asset-based subscription

• Best For: Multi-location IT environments

• Pros: Deep discovery, SNMP/WMI/Cloud support, integrations

• Cons: Reporting requires customization

• G2 Rating: 4.5/5 - 57 Reviews | Gartner Rating: 4.4/5 - 136 Reviews

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4. InvGate Assets

Overview: It offers strong ITAM capabilities, user-friendly design, detailed software license compliance, and remote audit features.

• InvGate Pricing: Quote-based

• InvGate Licensing Options: Per user/device

• Best For: Compliance-focused mid-size firms

• Pros: Easy UI, license audit readiness

• Cons: Limited integrations compared to peers

• G2 Rating: 4.6/5 - 11 Reviews | Gartner Rating: 4.3/5 - 11 Reviews

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5. Asset Panda

Overview: A flexible, mobile-first ITAM tool with custom workflows and barcode scanning, ideal for organizations tracking physical assets.

• Asset Panda Pricing: Starting at ~$1500/year (varies)

• Asset Panda Licensing Options: User-based SaaS

• Best For: Field teams and hardware-heavy orgs

• Pros: Mobile app, check-in/out workflows

• Cons: Not suited for deep software tracking

• G2 Rating: 4.7/5 - 27 Reviews | Gartner Rating: 4.4/5 - 31 Reviews

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6. Ivanti Neurons for ITAM

Overview: Combines ITAM, ITSM, and endpoint management with real-time intelligence and automation for proactive asset governance.

• Ivanti Pricing: Enterprise pricing (modular)

• Ivanti Licensing Options: Subscription or perpetual

• Best For: Enterprises seeking unified IT visibility

• Pros: AI-powered normalization, asset risk scores

• Cons: Initial configuration complexity

• G2 Rating: 4.2/5 - 31 Reviews | Gartner Rating: 4.3/5 - 150 Reviews

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7. Flexera One ITAM

Overview: Cloud-native asset management platform with deep SaaS and software license optimization capabilities, ideal for cost governance.

• Flexera Pricing: Quote-based enterprise pricing

• Flexera Licensing Options: Cloud-based, consumption-based

• Best For: Software-heavy and hybrid-cloud enterprises

• Pros: Software license optimization, SaaS visibility

• Cons: Steeper learning curve

• G2 Rating: 4.3/5 - 40 Reviews | Gartner Rating: 4.5/5 - 48 Reviews

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8. Snow Software Asset Manager

Overview: Specializes in software asset management (SAM) and hybrid cloud visibility, with strong cost reporting.

• Snow Pricing: Custom enterprise pricing

• Snow Licensing Options: Subscription, SaaS

• Best For: Global companies with large app portfolios

• Pros: Deep app usage visibility, compliance tracking

• Cons: Expensive for small teams

• G2 Rating: 4.2/5 - 19 Reviews| Gartner Rating: 4.4/5 - 310 Reviews

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9. Cherwell Asset Management

Overview: A lightweight ITAM solution from Ivanti designed to provide audit-readiness and IT inventory tracking.

• Cherwell Pricing: Quote-based

• Cherwell Licensing Options: Concurrent or per user

• Best For: Budget-conscious IT teams

• Pros: Fast deployment, license audit focus

• Cons: UI could be more modern

• G2 Rating: 4.1/5 | Gartner Rating: 4.2/5 - 31 Reviews

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10. Snipe-IT (Open Source)

Overview: A free, open-source IT asset management platform with coding expertise for smaller organizations or IT departments.

• Snipe-IT Pricing: Free (self-hosted) or $39.99/month (hosted)

• Snipe-IT Licensing Options: Open source (AGPL)

• Best For: Startups and nonprofits

• Pros: Budget-friendly, flexible

• Cons: No native integrations or SAM features

• G2 Rating: 4.3/5 - 23 Reviews | Gartner Rating: N/A

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Comparison Table: ITAM Tools Snapshot (2025)

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FAQ:

What are the three main deliverables of ITAM?

The three main deliverables of ITAM are asset inventory, lifecycle management, and cost optimization, allowing for better resource allocation and budget planning. Key components include asset discovery and inventory, lifecycle management, license management, contract management, and security management.

What are the benefits of an IT asset management tool?

8 Benefits of IT Asset Management

• Streamlined asset management.

• Improved operational efficiency.

• Visibility into the entire lifecycle of your assets.

• Optimized device and asset utilization.

• Better forecasting and budgeting.

• Enhanced accountability.

• Improved warranty and contract management.

• Increased security and compliance.

What is the ITAM strategy?

An IT Asset Management (ITAM) strategy is a structured approach to managing an organization's IT resources, from procurement to disposal, ensuring optimal utilization, cost reduction, and compliance. It involves defining goals, conducting an asset inventory, implementing tracking systems, and establishing lifecycle management processes. A well-defined ITAM strategy helps organizations improve efficiency, reduce waste, and enhance cybersecurity.

Is ITAM the same as Configuration Management?

An ITAM tool will make finding the server information and all your licensing and contract dates easy. A configuration management tool helps internal teams check that new introductions to the microservice architecture won't break your existing app.

Final Thoughts

Choosing the right ITAM tool in 2025 is more than inventory; it’s about visibility, risk reduction, and cost control. Whether you're a fast-scaling startup or a global enterprise, these platforms offer tailored capabilities to support your IT governance strategy.

📢 Pro Tip: Combine ITAM with SaaS spend visibility for greater control.

CloudNuro.ai, a leading SaaS management and governance platform, complements ITAM solutions by:

• Tracking SaaS and software license usage across apps

• Identifying shadow IT and dormant assets

• Helping you align ITAM data with ITSM and procurement workflows

🔍 Request a Free Demo with CloudNuro.ai to streamline your license visibility and uncover asset-related cost savings today.

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