Current trends in IT Asset Management (ITAM) encompass several key aspects: a heightened reliance on cloud-based services, the merging of ITAM with IT Service Management (ITSM), leveraging artificial intelligence (AI) and machine learning for advanced data analysis and forecasting, accommodating the management of Internet of Things (IoT) devices, prioritizing cybersecurity measures, overseeing Software as a Service (SaaS) subscriptions, streamlining operations through task automation.