Asset Management System Market

Asset Management System - Global Market Outlook (2019-2027)

4.7 (88 reviews)
Published: September 2020 ID: SMRC19899
4.7 (88 reviews)
Published: September 2020 ID: SMRC19899

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Asset Management System Market is accounted for $15.24 billion in 2019 and is expected to reach $38.54 billion by 2027 growing at a CAGR of 12.3% during the forecast period. Some of the key factors propelling the growth of the market are reduced equipment downtime, rising adoption of modern technologies such as big data, and implementation of complex infrastructure. However, high deployment cost is the restraining factor for the growth of the market.

Asset Management System - Global Market Outlook (2019 -2027)

Asset management system comprises of processes that a company or organization uses to keep track of the equipment and inventory vital to the day-to-day operation of their businesses. Managed effectively, the asset management system gives benefits including improvements to productivity and efficiency which places a business in a better position to increase their return on investment.

By asset type, the in-transit equipment segment is expected to grow at a significant market share during the forecast period owing to its increased importance in the value chain and its impact on the general business performance of organizations. Based on geography, Asia Pacific is anticipated to hold considerable market share during the forecast period which is attributed to the rising demand for asset management systems from the developing countries like China and India.

Some of the key players in Asset Management System Market include Datalogic S.P.A., Honeywell International Inc., Impinj, Inc., Mojix Inc., Sato Holdings Corporation, Stanley Black & Decker, Inc., Tomtom International BV, Topcon Corporation, Trimble Inc., Ubisense Group Plc, Zebra Technologies Corporation, NCR Corp., Cognex Corp., Fleetmatics LLC, Teletrac Navman Group, Iqgeo Group Plc, Alien Technology, Midmark Corporation, Sonitor Technologies, and Pepperl Fuchs.
Functions Covered:
• Location & Movement Tracking Function
• Check-In/Check-Out Record Maintenance Function
• Repair & Maintenance Function

Types Covered:
• Financial Asset Management
• Enterprise Asset Management
• Infrastructure Asset Management
• Public Asset Management
• IT Asset Management
• Fixed Asset Management
• Digital Asset Management

Softwares Covered:
• Asset Tracking Software
• Fixed Asset Inventory Management Software
• Web-Based Asset Tracking Software
• Cloud-Based Asset Tracking Management Software
• Enterprise Asset Management Software

Asset Types Covered:
• Returnable Transport Assets
• Electronic Assets
• In-Transit Equipment
• Personnel/Staff
• Manufacturing Assets

Solutions Covered:
• Radio Frequency Identification (RFID)
• Real-Time Location System (RTLS)
• Global Positioning System (GPS)
• Barcode

Applications Covered:
• Asset Tracking
• Audit Management
• Cost Tracking
• Procurement Management
• IT Service Management
• Compliance Management

End Users Covered:
• Retail
• Hospitality
• Healthcare
• Transportation & Logistics
• Process Industry
• Industrial Manufacturing
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand      
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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