+91-8668442535

Global Asset Management Market By Application (Asset lifecycle management, Labor management, Inventory management, Predictive maintenance, Work order management, Others) By Organization (Large enterprises, Small and medium enterprises) - Growth, Future Prospects & Competitive Analysis, 2016 – 2028

About this report

The global asset management market report explores the critical analysis of the asset management industry using key parameters. The report consists of investment strategies, the need for investments in the asset management industry, and the multiple benefits for investors. Importantly, this report sets out major changes in the global technical regulations for the asset management industry and how economic and non-economic barriers are helping the asset management market growth. Moreover, the report analyses the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

REPORT ATTRIBUTE DETAILS

Asset Management Marketby Volume

Yes

Asset Management Marketby Value

Yes

Asset Management Market, Tornado Analysis

Yes

Asset Management Market, STAR Analysis

Yes

Asset Management Market, SRC Analysis

Yes

Asset Management MarketPricing Analysis

Yes (On Demand)

Asset Management MarketSegment Analysis

· By Component (Solutions (Asset Lifecycle Management, Predictive Maintenance, Work Order Management, Labor Management, Facility Management, Inventory Management), Services (Professional Service, Managed Service)

· By Application (Asset lifecycle management, Labor management, Inventory management, Predictive maintenance, Work order management and Others)

· By Organization (Large enterprises, small and medium enterprises)

· By Deployment (Cloud and On-premises)

· By End User (Healthcare, Energy and utilities, Government and defense, Automotive and transportation, Manufacturing, Retail, IT and telecom and BFSI)

Asset Management Market, Regional Analysis

· North America (the US and Canada)

· Europe (Germany, UK, France, Italy, Spain, and the Rest of Europe)

·  Asia Pacific (China, India, Japan, South Korea, Southeast Asia, and the Rest of Asia Pacific)

· Latin America (Brazil, Mexico, and the Rest of Latin America)

· The Middle East and Africa (GCC Countries, South Africa, and the Rest of the Middle East and Africa)

Asset Management MarketKey Companies

IBM (US), SAP (Germany), Oracle (US), Infor (US),  IFS (Sweden), ABB (Switzerland), CGI (Canada), Rfgen Software (US), Assetworks (US), Ultimo Software Solutions (UK), UpKeep (US), Asset Panda (US), EZOfficeInventory (US), Intelligent Process Solutions (Germany), Maintenance Connection (US), Aveva (UK), Aptean (US), Emanit (US), EZMaintain.com (US), Pazo (India), Asset Infinity (India), KloudGin (US), Fractal (Chile), InnoMaint Software (India), Aladinme (UAE), Limble (US), Redlist (US), TrackX (US), Cheqroom (Belgium), The Asset Guardian (Canada), GoCodes (US)

Asset Management MarketCompetitive Landscape

· Market Share Analysis

· Competitive Benchmarking

· Key Players Market Positioning

· Geographical Presence Analysis

· Major Strategies Adopted

Key Highlights of the report

How are the major segments performing in the asset management market?

  • In January 2022, Ambit Asset Management announced the 'Ambit TenX Portfolio' launch for high-net-worth investors to optimize their businesses and reduce costs.
  • In November 2021, Marathon asset management entered into a definitive agreement with Kaleo, a privately held pharmaceutical company, to optimize and manage the company's data.

Which region dominated the asset management market?

In 2021, the North American region was expected to have the highest share of the global asset management market due to the rising demand for asset management solutions in different industries, such as communication, healthcare, life sciences, infrastructure, manufacturing, and technology, amongst others. In addition, growing demand from the healthcare industry, strong investments, and rigorous R&D activities in the region

How is US Market Performing in the Asset Management Market?

In 2021, the North American region was anticipated to hold a major global asset management market share. The U.S. is expected to be a major contributor to asset management markets due to attributed to the presence of developed I.T. infrastructure, rising adoption of asset lifecycle management solutions, and enterprises' increased attention to following regulatory and compliance standards are all contributing to the growth of the market in the U.S.

What is the competitive environment of the asset management market?

Key asset management vendors are investing in surpassing traditional asset management as companies are now seeking additional benefits from asset management solutions. In addition to providing access to organizational asset information to every department and employee at every location, the latest industry trend includes asset management solutions that involve several other important factors, such as energy usage, maintenance histories, lifecycle costs, warranty catalogs, purchase orders, audit records, and others.

Executive Summary

How Does Asset Managementused in the retail sector?

Asset management is expected to register significant growth in the retail sector due to the introduction of innovative IoT solutions coupled with retail asset tracking software, which can record and track an asset's entire life cycle. Also, it helps in boosting stock control and minimize lost and stolen assets through asset tagging. Retail asset tracking tools are smart to keep costs low and profits high.

Which are the key investments by the asset management market players?

Many companies are spending significant sums of money on comprehensive R&D. Diversification of product portfolios, and acquisitions & mergers are the key strategies adopted by market players. For instance: In September 2021, Dynamo Software, a leading provider of complete cloud software for the alternative investment management industry, entered into an agreement for a strategic growth investment from the funds managed by the Blackstone Growth (BXG)

Some major players in the asset management marketare IBM (US), SAP (Germany), Oracle (US), Infor (US),  IFS (Sweden), ABB (Switzerland), CGI (Canada), Rfgen Software (US), Assetworks (US), Ultimo Software Solutions (UK), UpKeep (US), Asset Panda (US), EZOfficeInventory (US), Intelligent Process Solutions (Germany), Maintenance Connection (US).

What are the major driving factors for the asset management market?

The growing adoption of asset management in several applications, such as asset lifecycle management, labor management, inventory management, predictive maintenance, work order management and Others, is driving the growth of the global market. Rising use of asset management solutions to streamline operations, optimize the utilization of resources, and help enterprises save costs, enhance profits, and improve the Return on Investment are expected to drive market growth. The asset management system can help an organization keep track of its assets, and increasing the use of data and analytics are factors expected to boost the growth of the global market.

What are the major risks for the asset management market?

The high capital investment associated with implementing asset management solutions is a major factor hampering the market's growth. In addition to the prices of components associated with these solutions, the overall costs of these systems are expected to remain high due to the costs associated with software and servers and maintenance services.

Which is the key Componentin the asset management market?

During the forecast period, the solution segment will hold a major share of the global asset management market due to the increasing adoption of asset management solutions across various industries, including logistics, healthcare, food and beverage, and consumer goods, due to their asset lifecycle management, predictive maintenance, work order management, labor management, facility management, and inventory management

How is the asset management market performing in regions?

North America accounted for the highest share and is expected to have a significant CAGR, due to the presence of key players and the rising adoption of asset management solutions from communication, healthcare, life sciences, infrastructure, manufacturing, and technology, amongst others. In addition, the rising adoption of Radio Frequency Identification (RFID) and growing demand from the healthcare industry across the region are other factors expected to fuel the growth of the global asset management market.

The Asia Pacific asset management market is one of the fastest-growing regional markets and offers immense potential for market growth. The growing adoption of advanced technologies, such as AI, cloud-based solutions,  IoT, and big data analytics, is driving the regional market's growth. Many SMEs in the region are fuelling the demand for cloud-based solutions as cloud-based solutions tend to be highly cost-effective.

What is the regulatory landscape for the asset management market?

The asset management market provides an opportunity to invest in a wide range of assets such as stocks, bonds, property, and other investments. The regulation is playing an increasingly important role in the asset management industry. For example, the Alternative Investment Fund Managers Directive (AIFMD) in Europe has resulted in greater scrutiny of how asset managers operate and has led to the developing of new products and services designed to meet these regulatory requirements.

What is the Market Size of Asset Management Regarding Value?

The global asset management market is anticipated to grow at a significant CAGR of 25.50% in the upcoming years. The global Asset Management industry was estimated to be worth USD 246.5 billion in 2021 and was expected to worth USD 963.1 billion by 2028.

What are the major players planning for the future of the asset management market?

Innovative product launches, joint ventures, mergers and acquisitions, and geographical expansions are major strategies key players adopt in asset management. Many major companies are focusing on new products in the market. For instance: On April 2021, GE Digital introduced updates their Smart Signal predictive maintenance software solution, that help industrial companies predict, forecast, diagnose, and prevent the equipment failures. The SmartSignal is a software product of GE digital asset performance management software solution.

global-asset-management-market

Segmentation of the Global Asset Management Market-

Global Asset Management Market – By Component

  • Solutions
    • Asset Lifecycle Management
    • Predictive Maintenance
    • Work Order Management
    • Labor Management
    • Facility Management
    • Inventory Management
  • Services
    • Professional Service
    • Managed Service

Global Asset Management Market – By Application

  • Asset lifecycle management
  • Labor management
  • Inventory management
  • Predictive maintenance
  • Work order management
  • Others

Global Asset Management Market – By Organization

  • Large enterprises
  • Small and medium enterprises

Global Asset Management Market – By Deployment

  • Cloud
  • On-premises

Global Asset Management Market – By End User

  • Healthcare
  • Energy and utilities
  • Government and defense
  • Automotive and Transportation
  • Manufacturing
  • Retail
  • IT and telecom
  • BFSI

Global Asset Management Market – By Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

Frequently asked questions about the global asset management market

COVID-19 had a substantial impact on the market due to the outbreak of the COVID-19 pandemicin several industries such as healthcare, energy and utilities, government and defense, automotive and transportation, manufacturing, retail, it and telecom, and BFSI. In addition, the COVID-19 pandemic has posed major problems for the global economy. Businesses have suffered tremendous losses because of the lockdowns implemented to contain the pandemic. This outbreak has posed major problems in the asset

North America asset management market is accounted for the highest revenue share of the global market. The increasing demand for solutions by financial institutions in the region.

Rising demand for cloud-based solutions is one of the factors expected to drive global market growth.

The solution segment had a major global market share in 2021.

The work order managementsegment had a major share in the global market.

Asset Management Market Scope

Report Attribute Details
Market Value in 2021 USD 246.5 billion
Market Value in 2028 USD 963.1 billion
CAGR 25.50%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
Choose License Type
Trusted By
Godaddy
Published Date:  Nov 2022
Category:  Technology & Media
Report ID:   60779
Report Format:   PDF
Pages:   120
Rating:    4.6 (40)
Delivery Time: 24 Hours to 48 Hours   
Connect With Us
+91-8668442535
24/7 Research Support