IT Asset Management (ITAM) platforms maintain an authoritative inventory of hardware, software, and cloud assets across their full lifecycle — from procurement through deployment, reassignment, and retirement. Core capabilities include automated discovery of devices and installed software, license entitlement tracking and true-up reconciliation, software metering and usage analytics, contract and warranty management, configuration management database (CMDB) integration, and end-of-life and disposal workflows. The category spans hardware-centric ITAM, software asset management (SAM) for license compliance, and increasingly cloud asset discovery alongside traditional on-premises inventory.