Tracking your IT assets can be a real headache, especially as your business grows and technology becomes more complex. It’s easy for equipment, software licenses, and other valuable assets to slip through the cracks. Missing or untracked assets can lead to costly mistakes, including compliance issues, unexpected replacements, or inefficiencies that drain your resources.
As we look to 2026, businesses are turning to more sophisticated IT asset tracking software to simplify this process. These tools are not only helping companies keep better track of their assets but also reducing costs and improving overall efficiency. In this post, we’ll go over the top 5 IT asset tracking software solutions you should consider in 2026, offering features that can help your business stay organized, compliant, and cost-effective.
1. AssetLoom
AssetLoom is an IT asset management solution designed to help businesses keep track of their assets throughout their lifecycle, from procurement to disposal. It focuses on providing a clear and organized overview of all your IT assets, ensuring they’re easily accessible when needed.
One of the standout features of AssetLoom is its user-friendly interface, which makes it simple for both IT teams and non-technical staff to manage and track assets. It also offers real-time visibility, allowing businesses to monitor asset health, usage, and location instantly. This can be especially helpful for organizations that deal with a large number of devices, software, and network equipment.
Key Features:
- Discovery Assets: Automatic network scan and asset discovery
- Lifecycle Management: Track asset journey from procurement to disposal
- Asset Allocation: Booking, reservation, and loan management
- Customization: Tailor categories, fields, and workflows to fit your needs
- Inventory Tracking: Real-time tracking and updates on asset status
- Asset Tagging: Use QR codes, barcodes for easy identification
- Bulk Edit: Modify multiple assets at once for faster management
- Pre-Defined Kits: Easily manage asset bundles and configurations
- Alerts & Notifications: Stay informed on asset status and updates
- Dashboard & Reports: Visual insights into asset health and usage
- Custody Verification: Confirm and track asset custodianship
AssetLoom is the perfect choice for businesses seeking an easy-to-use, scalable IT asset tracking solution that doesn’t compromise on functionality. It’s designed to reduce manual work, prevent asset loss, and improve overall asset management efficiency.
Free Trial/Free Plan Available:
AssetLoom offers a free trial for new users to explore the platform and assess whether it meets their needs. This is ideal for businesses that want to test the features and capabilities before making a financial commitment. However, there is no permanent free plan available, so companies will need to move to a paid plan after the trial period.
Why You Should Try AssetLoom:
AssetLoom is an excellent option for businesses looking to streamline their asset management without dealing with overly complex or expensive systems. The combination of real-time tracking, customization, and lifecycle management makes it a great tool for reducing operational inefficiencies, improving asset accountability, and ensuring compliance.
It’s particularly well-suited for organizations that have diverse IT assets, ranging from hardware devices like laptops and servers to software licenses and network equipment. If your organization needs a robust, scalable solution that integrates easily with your existing systems, AssetLoom offers everything you need in a clean, intuitive package.
2. ServiceNow IT Asset Management
ServiceNow IT Asset Management (ITAM) is a comprehensive platform designed to help organizations manage their IT assets efficiently. Known for its integration with ServiceNow’s IT Service Management (ITSM) suite, this software offers a unified approach to track and manage assets across their entire lifecycle. From procurement to retirement, ServiceNow ensures that every asset is fully accounted for, helping organizations save costs and reduce risks.
Key Features:
- Asset Discovery: Automatically discovers assets across your network for comprehensive tracking.
- Lifecycle Management: Track and manage assets from acquisition to retirement with detailed lifecycle visibility.
- Compliance and Risk Management: Ensures assets comply with legal and regulatory requirements.
- Integration with ITSM: Seamlessly integrates with ServiceNow’s ITSM to unify service management and asset management.
- Automation: Automates manual tasks like asset tracking, compliance checks, and software updates.
- Reporting and Dashboards: Provides customizable reports and dashboards to monitor asset performance, health, and lifecycle.
- Contract Management: Manages vendor contracts and maintenance agreements for better cost control.
Free Trial/Free Plan Available:
ServiceNow offers a free trial of its IT Asset Management software, which allows businesses to test the platform and understand its capabilities before making a purchase. However, it does not offer a free permanent plan, and its pricing is generally aimed at larger organizations.
Why You Should Try ServiceNow IT Asset Management:
ServiceNow ITAM is a powerful solution for organizations looking for a highly integrated and scalable asset management platform. If your business already uses ServiceNow for IT service management or other business operations, adopting ServiceNow ITAM will provide seamless integration, making it easier to manage assets alongside other workflows. For large enterprises that require advanced features and full lifecycle asset management, ServiceNow is one of the top choices available.
3. ManageEngine AssetExplorer
ManageEngine AssetExplorer is a straightforward and affordable IT asset management solution that simplifies asset tracking and management. It is designed for small to mid-sized businesses but can be scaled to meet the needs of larger enterprises as well. AssetExplorer provides full visibility into your IT assets, including hardware, software, and network components, and helps manage them from procurement through to disposal.
Key Features:
- Asset Discovery: Automatically discover and track networked assets, ensuring you don’t miss anything.
- Software License Management: Tracks software licenses, ensuring compliance and preventing over-purchasing.
- Asset Tracking: Provides real-time tracking for all IT assets, including hardware and software.
- Life Cycle Management: Manage assets from acquisition through to retirement with lifecycle tracking and reporting.
- Contract Management: Keep track of vendor contracts and warranties to ensure compliance and reduce costs.
- Inventory Management: Helps you maintain an organized and accurate inventory, reducing errors and preventing stockouts.
- Reports and Dashboards: Offers built-in reports and dashboards that give insight into asset health, usage, and compliance.
- Integration: Easily integrates with other ManageEngine products and third-party systems.
Free Trial/Free Plan Available:
ManageEngine AssetExplorer offers a free trial for users to test out the software and its features. There is also a free plan available for businesses with fewer than 25 assets, providing a more basic version of the software suitable for small teams.
Why You Should Try ManageEngine AssetExplorer:
ManageEngine AssetExplorer is an excellent choice for businesses that need a cost-effective solution with comprehensive features for managing IT assets. It’s easy to use and provides the essential tools to ensure your assets are fully accounted for, all while being scalable enough to grow with your business. If you’re a small or mid-sized company looking for an affordable IT asset management tool, AssetExplorer is a great option to consider.
4. SolarWinds Service Desk
SolarWinds Service Desk is a cloud-based IT service management platform that integrates IT asset management with incident management, service request handling, and IT operations. Designed to help businesses streamline their IT operations, SolarWinds Service Desk ensures efficient asset management by providing visibility and control over the entire asset lifecycle.
Key Features:
- Asset Management Integration: Tracks and manages hardware and software assets, providing visibility into asset lifecycle.
- Automated Asset Discovery: Automatically discovers and updates assets across your network.
- Incident Management: Integrated with incident management to ensure that asset-related issues are handled quickly.
- Contract Management: Helps manage vendor contracts and warranties, ensuring that you don’t miss renewal dates or compliance requirements.
- Reporting and Dashboards: Customizable reports and real-time dashboards to monitor asset performance, health, and usage.
- Change Management: Helps track changes related to asset upgrades, replacements, or deployments.
- Mobile Access: The cloud-based platform is accessible from anywhere, providing flexibility for remote teams.
- Integration with Other ITSM Modules: Easily integrates with other SolarWinds IT service management modules.
Free Trial/Free Plan Available:
SolarWinds Service Desk offers a free trial for new users to explore its full capabilities. However, it does not offer a permanent free plan, and pricing is generally aimed at mid-sized to larger organizations.
Why You Should Try SolarWinds Service Desk:
SolarWinds Service Desk is a great option for businesses that need an all-in-one IT service management platform with integrated IT asset management. If you’re already using SolarWinds for other IT operations, adding the Service Desk module allows for seamless integration across your IT functions, improving overall efficiency and asset control.
5. Freshservice IT Asset Management
Freshservice is an IT service management (ITSM) platform that also provides a robust IT asset management module. It’s designed for businesses that need to efficiently manage their IT assets in a simple, user-friendly environment. Freshservice focuses on ease of use while offering powerful features for tracking assets throughout their lifecycle, helping businesses avoid asset loss and stay compliant.
Key Features:
- Asset Discovery: Automatically discovers and tracks all hardware and software assets on the network.
- Asset Lifecycle Management: Manage assets from procurement to retirement, ensuring full visibility of each asset’s status.
- Contract and Warranty Management: Track vendor contracts, renewals, and warranties to avoid unnecessary costs.
- Mobile Access: The mobile app allows remote teams to track and manage assets from anywhere.
- Integrations: Integrates seamlessly with other Freshservice modules as well as third-party tools to improve overall IT operations.
- Reports and Dashboards: Provides reports and real-time dashboards to monitor asset usage, health, and compliance.
- Automation: Automates routine tasks, such as asset allocation and maintenance, to save time and reduce errors.
- Barcode and QR Code Scanning: Use barcodes or QR codes for quick asset identification and tracking.
Free Trial/Free Plan Available:
Freshservice offers a free trial to allow potential customers to explore the software’s features. There is also a free plan available for very small teams (up to 3 users), but this plan has limited features compared to the paid versions.
Why You Should Try Freshservice IT Asset Management:
Freshservice is an ideal solution for businesses looking for an easy-to-use, cloud-based IT asset management system. Its strong asset lifecycle management features, combined with its integration capabilities, make it a good fit for businesses that want a straightforward solution that’s easy to implement. If you’re looking for an intuitive platform with mobile access and automation capabilities, Freshservice is a solid choice.
Conclusion
Choosing the right IT asset management software is crucial for any business looking to improve efficiency, ensure compliance, and reduce costs. Each of the solutions highlighted—AssetLoom, ServiceNow IT Asset Management, ManageEngine AssetExplorer, SolarWinds Service Desk, and Freshservice—offers unique features designed to meet different organizational needs, from small businesses to large enterprises.