Asset Management System Market
PUBLISHED: 2020 ID: SMRC19899
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Asset Management System Market

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

4.7 (88 reviews)
4.7 (88 reviews)
Published: 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 UAE
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

Table of Contents

1 Executive Summary        
          
2 Preface      

 2.1 Abstract        
 2.2 Stake Holders       
 2.3 Research Scope       
 2.4 Research Methodology       
  2.4.1 Data Mining      
  2.4.2 Data Analysis      
  2.4.3 Data Validation      
  2.4.4 Research Approach      
 2.5 Research Sources       
  2.5.1 Primary Research Sources     
  2.5.2 Secondary Research Sources     
  2.5.3 Assumptions       
          
3 Market Trend Analysis       
 3.1 Introduction       
 3.2 Drivers        
 3.3 Restraints        
 3.4 Opportunities       
 3.5 Threats        
 3.6 Application Analysis       
 3.7 End User Analysis       
 3.8 Emerging Markets       
 3.9 Impact of Covid-19       
          
4 Porters Five Force Analysis       
 4.1 Bargaining power of suppliers      
 4.2 Bargaining power of buyers      
 4.3 Threat of substitutes       
 4.4 Threat of new entrants      
 4.5 Competitive rivalry       
          
5 Global Asset Management System Market, By Function     
 5.1 Introduction       
 5.2 Location & Movement Tracking Function     
 5.3 Check-In/Check-Out Record Maintenance Function    
 5.4 Repair & Maintenance Function      
          
6 Global Asset Management System Market, By Type     
 6.1 Introduction       
 6.2 Financial Asset Management      
 6.3 Enterprise Asset Management      
 6.4 Infrastructure Asset Management     
 6.5 Public Asset Management       
 6.6 IT Asset Management      
 6.7 Fixed Asset Management      
 6.8 Digital Asset Management      
          
7 Global Asset Management System Market, By Software     
 7.1 Introduction       
 7.2 Asset Tracking Software      
 7.3 Fixed Asset Inventory Management Software     
 7.4 Web-Based Asset Tracking Software     
 7.5 Cloud-Based Asset Tracking Management Software    
 7.6 Enterprise Asset Management Software     
          
8 Global Asset Management System Market, By Asset Type      
 8.1 Introduction       
 8.2 Returnable Transport Assets      
 8.3 Electronic Assets       
 8.4 In-Transit Equipment       
 8.5 Personnel/Staff       
 8.6 Manufacturing Assets      
          
9 Global Asset Management System Market, By Solution     
 9.1 Introduction       
 9.2 Radio Frequency Identification (RFID)     
  9.2.1 Active Tags      
  9.2.2 RFID Readers      
  9.2.3 Antennas       
  9.2.4 Passive Tags      
 9.3 Real-Time Location System (RTLS)     
  9.3.1 Real-Time Location System (RTLS) by Technology   
   9.3.1.1 Ultra-Wideband (UWB)     
   9.3.1.2 Bluetooth Low Energy (BLE)    
   9.3.1.3 ZigBee      
   9.3.1.4 Wi-Fi      
   9.3.1.5 Ultrasound     
   9.3.1.6 Infrared      
   9.3.1.7 WhereNet     
  9.3.2 Real-Time Location System (RTLS) by Components   
   9.3.2.1 Software      
   9.3.2.2 Services      
   9.3.2.3 Hardware      
    9.3.2.3.1 Readers/Interrogators    
    9.3.2.3.2 Tags/Badges     
 9.4 Global Positioning System (GPS)      
 9.5 Barcode        
  9.5.1 Labels       
   9.5.1.1 2 Dimensional (2D)     
   9.5.1.2 1 Dimensional (1D)     
  9.5.2 Mobile Computers      
   9.5.2.1 Non-wearable Mobile Computers    
   9.5.2.2 Wearable Mobile Computers    
  9.5.3 Barcode Scanners      
   9.5.3.1 Barcode Scanners by Type     
    9.5.3.1.1 Stationary Barcode Scanners   
     9.5.3.1.1.1 Industrial Barcode Stationary Scanners 
     9.5.3.1.1.2 Point of Sale (POS) Scanner  
    9.5.3.1.2 Handheld Barcode Scanners   
   9.5.3.2 Barcode Scanners by Connectivity    
    9.5.3.2.1 Wireless Barcode Scanners   
    9.5.3.2.2 Wired Barcode Scanners    
   9.5.3.3 Barcode Scanners by Technology    
    9.5.3.3.1 2-Dimensional (2D) Imager    
    9.5.3.3.2 Linear Imagers     
    9.5.3.3.3 Laser Scanners     
          
10 Global Asset Management System Market, By Application     
 10.1 Introduction       
 10.2 Asset Tracking       
 10.3 Audit Management       
 10.4 Cost Tracking       
 10.5 Procurement Management       
 10.6 IT Service Management      
 10.7 Compliance Management      
          
11 Global Asset Management System Market, By End User     
 11.1 Introduction       
 11.2 Retail        
 11.3 Hospitality       
 11.4 Healthcare       
 11.5 Transportation & Logistics      
 11.6 Process Industry       
  11.6.1 Energy and Power      
  11.6.2 Mining       
  11.6.3 Chemicals      
  11.6.4 Oil & Gas       
 11.7 Industrial Manufacturing      
  11.7.1 Aerospace      
  11.7.2 Automotive      
 11.8 Other End Users       
  11.8.1 Construction      
  11.8.2 Government      
  11.8.3 Agriculture & Livestock Management     
  11.8.4 Education       
  11.8.5 Sports       
  11.8.6 Food & Beverages      
          
12 Global Asset Management System Market, By Geography     
 12.1 Introduction       
 12.2 North America       
  12.2.1 US       
  12.2.2 Canada       
  12.2.3 Mexico       
 12.3 Europe        
  12.3.1 Germany       
  12.3.2 UK       
  12.3.3 Italy        
  12.3.4 France       
  12.3.5 Spain       
  12.3.6 Rest of Europe      
 12.4 Asia Pacific       
  12.4.1 Japan       
  12.4.2 China       
  12.4.3 India       
  12.4.4 Australia       
  12.4.5 New Zealand      
  12.4.6 South Korea       
  12.4.7 Rest of Asia Pacific      
 12.5 South America       
  12.5.1 Argentina       
  12.5.2 Brazil       
  12.5.3 Chile       
  12.5.4 Rest of South America     
 12.6 Middle East & Africa       
  12.6.1 Saudi Arabia      
  12.6.2 UAE        
  12.6.3 Qatar       
  12.6.4 South Africa      
  12.6.5 Rest of Middle East & Africa     
          
13 Key Developments        
 13.1 Agreements, Partnerships, Collaborations and Joint Ventures   
 13.2 Acquisitions & Mergers      
 13.3 New Product Launch       
 13.4 Expansions       
 13.5 Other Key Strategies       
          
14 Company Profiling        
 14.1 Datalogic S.P.A.       
 14.2 Honeywell International Inc.      
 14.3 Impinj, Inc.       
 14.4 Mojix Inc.        
 14.5 Sato Holdings Corporation      
 14.6 Stanley Black & Decker, Inc.      
 14.7 Tomtom International BV      
 14.8 Topcon Corporation       
 14.9 Trimble Inc.       
 14.10 Ubisense Group Plc       
 14.11 Zebra Technologies Corporation     
 14.12 NCR Corp.       
 14.13 Cognex Corp.       
 14.14 Fleetmatics LLC       
 14.15 Teletrac Navman Group      
 14.16 Iqgeo Group Plc       
 14.17 Alien Technology       
 14.18 Midmark Corporation      
 14.19 Sonitor Technologies       
 14.20 Pepperl Fuchs          


List of Tables         
1 Global Asset Management System Market Outlook, By Region (2018-2027) ($MN)   
2 Global Asset Management System Market Outlook, By Function (2018-2027) ($MN)  
3 Global Asset Management System Market Outlook, By Location & Movement Tracking Function (2018-2027) ($MN)
4 Global Asset Management System Market Outlook, By Check-In/Check-Out Record Maintenance Function (2018-2027) ($MN)
5 Global Asset Management System Market Outlook, By Repair & Maintenance Function (2018-2027) ($MN)
6 Global Asset Management System Market Outlook, By Type (2018-2027) ($MN)   
7 Global Asset Management System Market Outlook, By Financial Asset Management (2018-2027) ($MN) 
8 Global Asset Management System Market Outlook, By Enterprise Asset Management (2018-2027) ($MN)
9 Global Asset Management System Market Outlook, By Infrastructure Asset Management (2018-2027) ($MN)
10 Global Asset Management System Market Outlook, By Public Asset Management (2018-2027) ($MN) 
11 Global Asset Management System Market Outlook, By IT Asset Management (2018-2027) ($MN) 
12 Global Asset Management System Market Outlook, By Fixed Asset Management (2018-2027) ($MN) 
13 Global Asset Management System Market Outlook, By Digital Asset Management (2018-2027) ($MN) 
14 Global Asset Management System Market Outlook, By Software (2018-2027) ($MN)  
15 Global Asset Management System Market Outlook, By Asset Tracking Software (2018-2027) ($MN) 
16 Global Asset Management System Market Outlook, By Fixed Asset Inventory Management Software (2018-2027) ($MN)
17 Global Asset Management System Market Outlook, By Web-Based Asset Tracking Software (2018-2027) ($MN)
18 Global Asset Management System Market Outlook, By Cloud-Based Asset Tracking Management Software (2018-2027) ($MN)
19 Global Asset Management System Market Outlook, By Enterprise Asset Management Software (2018-2027) ($MN)
20 Global Asset Management System Market Outlook, By Asset Type (2018-2027) ($MN)  
21 Global Asset Management System Market Outlook, By Returnable Transport Assets (2018-2027) ($MN) 
22 Global Asset Management System Market Outlook, By Electronic Assets (2018-2027) ($MN)  
23 Global Asset Management System Market Outlook, By In-Transit Equipment (2018-2027) ($MN) 
24 Global Asset Management System Market Outlook, By Personnel/Staff (2018-2027) ($MN)  
25 Global Asset Management System Market Outlook, By Manufacturing Assets (2018-2027) ($MN) 
26 Global Asset Management System Market Outlook, By Solution (2018-2027) ($MN)  
27 Global Asset Management System Market Outlook, By Radio Frequency Identification (RFID) (2018-2027) ($MN)
28 Global Asset Management System Market Outlook, By Active Tags (2018-2027) ($MN)  
29 Global Asset Management System Market Outlook, By RFID Readers (2018-2027) ($MN)  
30 Global Asset Management System Market Outlook, By Antennas (2018-2027) ($MN)  
31 Global Asset Management System Market Outlook, By Passive Tags (2018-2027) ($MN)  
32 Global Asset Management System Market Outlook, By Real-Time Location System (RTLS) (2018-2027) ($MN)
33 Global Asset Management System Market Outlook, By Real-Time Location System (RTLS) by Technology (2018-2027) ($MN)
34 Global Asset Management System Market Outlook, By Real-Time Location System (RTLS) by Components (2018-2027) ($MN)
35 Global Asset Management System Market Outlook, By Global Positioning System (GPS) (2018-2027) ($MN)
36 Global Asset Management System Market Outlook, By Barcode (2018-2027) ($MN)  
37 Global Asset Management System Market Outlook, By Labels (2018-2027) ($MN)   
38 Global Asset Management System Market Outlook, By Mobile Computers (2018-2027) ($MN)  
39 Global Asset Management System Market Outlook, By Barcode Scanners (2018-2027) ($MN)  
40 Global Asset Management System Market Outlook, By Application (2018-2027) ($MN)  
41 Global Asset Management System Market Outlook, By Asset Tracking (2018-2027) ($MN)  
42 Global Asset Management System Market Outlook, By Audit Management (2018-2027) ($MN) 
43 Global Asset Management System Market Outlook, By Cost Tracking (2018-2027) ($MN)  
44 Global Asset Management System Market Outlook, By Procurement Management (2018-2027) ($MN) 
45 Global Asset Management System Market Outlook, By IT Service Management (2018-2027) ($MN) 
46 Global Asset Management System Market Outlook, By Compliance Management (2018-2027) ($MN) 
47 Global Asset Management System Market Outlook, By End User (2018-2027) ($MN)  
48 Global Asset Management System Market Outlook, By Retail (2018-2027) ($MN)   
49 Global Asset Management System Market Outlook, By Hospitality (2018-2027) ($MN)  
50 Global Asset Management System Market Outlook, By Healthcare (2018-2027) ($MN)  
51 Global Asset Management System Market Outlook, By Transportation & Logistics (2018-2027) ($MN) 
52 Global Asset Management System Market Outlook, By Process Industry (2018-2027) ($MN)  
53 Global Asset Management System Market Outlook, By Energy and Power (2018-2027) ($MN)  
54 Global Asset Management System Market Outlook, By Mining (2018-2027) ($MN)   
55 Global Asset Management System Market Outlook, By Chemicals (2018-2027) ($MN)  
56 Global Asset Management System Market Outlook, By Oil & Gas (2018-2027) ($MN)  
57 Global Asset Management System Market Outlook, By Industrial Manufacturing (2018-2027) ($MN) 
58 Global Asset Management System Market Outlook, By Aerospace (2018-2027) ($MN)  
59 Global Asset Management System Market Outlook, By Automotive (2018-2027) ($MN)  
60 Global Asset Management System Market Outlook, By Other End Users (2018-2027) ($MN)  
61 Global Asset Management System Market Outlook, By Construction (2018-2027) ($MN)  
62 Global Asset Management System Market Outlook, By Government (2018-2027) ($MN)  
63 Global Asset Management System Market Outlook, By Agriculture & Livestock Management (2018-2027) ($MN)
64 Global Asset Management System Market Outlook, By Education (2018-2027) ($MN)  
65 Global Asset Management System Market Outlook, By Sports (2018-2027) ($MN)   
66 Global Asset Management System Market Outlook, By Food & Beverages (2018-2027) ($MN)  
          
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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