Fixed Asset Management Software Market is expected to register 10.6% CAGR during the forecast period 2022 to 2032
The global fixed asset management market is estimated at USD 3.8 Bn in 2021 and USD 4.2 Bn in 2022. The industry is expected to reach USD 11.4 Bn in 2032 while exhibiting a CAGR of 10.6% in the assessment period from 2022 to 2032. Rapid adoption of IoT-based services across various sectors such as manufacturing, oil & gas, energy, power, and construction is expected to play vital role in driving the market in the forecast period.
With the emergence of industry 4.0 in the manufacturing sector, various plants have adopted digital technologies to enhance the manufacturing processes, thereby, propelling the industry in the forecast period. Besides, technological development across several sectors like cloud computing, AI, and others is expected to benefit the fixed asset management software market in the forecast period.
For instance, in September 2019, Adapt IT disclosed a partnership with i-Chain, a South Africa-based fixed asset management services, and solutions company to provide a Web-based system offering easy access to a cloud-based environment, designed especially for educational institutions to assist them in managing their assets.
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Key Takeaways from the Market Study
“Increasing adoption of IoT-based services across several industries like Oil & Gas, Manufacturing, Energy, Power, and Construction is projected to play a salient role in driving the market in the assessment period.”
Competitive Analysis
Key participants of the global fixed asset management software market include IBM, Infor, SAP, Microsoft, and Oracle, among others.
Recent key developments among players are:
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Key Segments Covered In The Fixed Asset Management Software Report
By Component:
By Deployment Type:
By Organization Size:
By Vertical:
By Region:
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Summary of Statistics
1.3. Key Market Characteristics & Attributes
1.4. Fact.MR Analysis and Recommendations
2. Market Overview
2.1. Market Coverage
2.2. Market Definition
3. Market Risks and Trends Assessment
3.1. Risk Assessment
3.1.1. COVID-19 Crisis and Impact on Fixed Asset Management Software
3.1.2. COVID-19 Impact Benchmark with Previous Crisis
3.1.3. Impact on Market Value (US$ Mn)
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Mar 22, 2023