The global fixed asset management market to expand at 10.6% during the forecast period. The U.S market to secure USD 4 Billion and expand at 10.4% from 2022 to 2032.
The global fixed asset management market is estimated at USD 3.8 Billion in 2021 and USD 4.2 Billion in 2022. The industry is expected to reach USD 11.4 Billion 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
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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More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global fixed asset management software market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.
Key Segments Covered In The Fixed Asset Management Software Report
By Component:
By Deployment Type:
By Organization Size:
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By Region:
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Jun 06, 2023