The global Asset Management market size is expected to be worth around US$ 1,292.19 billion by 2027, according to a new report by Vision Research Reports.
The global Asset Management market size was valued at US$ 216.97 billion in 2019 and is anticipated to grow at a CAGR of 25.8% during forecast period 2020 to 2027.
The factors driving the growth include the increasing need to reduce the downtime of equipment and ensure optimum utilization of the available resources. Advances in the latest technologies, such as Artificial Intelligence (AI), (IoT), and infrastructure automation, coupled with the continued integration of analytical and business intelligence tools in asset management solutions are also expected to drive the market growth. The growing awareness about the advantages of IoT-based asset management solutions particularly bodes well for the growth of the market.
The adoption of asset management solutions is rising amid the growing concerns among enterprises about the appropriate maintenance of assets and reduction in the overall operational costs. The integration of analytical solutions, such as predictive analytics, with asset management solutions, is particularly helping organizations in predicting asset failures and subsequently decreasing the overall downtime costs. Apart from eliminating the causes of failure, reducing the downtime, and curtailing the repair costs; predictive asset management solutions can also employ non-intrusive testing techniques for determining the asset performance trends. Predictive analytics and maintenance solutions can be deployed easily in several industries and industry verticals, including aerospace, manufacturing, healthcare, processing, and automotive.
The solution segment dominated the market in 2019 with a revenue share of over 56%. The solution segment has been further segmented into a Real-Time Location System (RTLS), barcode, mobile computer, labels, and (GPS), and others. The barcode segment is particularly aiding the solution segment to dominate the market. Image-based barcode readers are being increasingly adopted across various industries and industry verticals, including healthcare, logistics, food and beverage, and consumer goods owing to their 2D code-reading capability, long-term reliability, and multiple code-reading abilities.
The digital segment dominated the market in 2019 with a revenue share of over 26%. Companies are aggressively adopting digital solutions and services to reduce the overall operational costs and standardize business processes. The trend of continued digitization bodes well for the providers of digital solutions and services. The growing volumes and densities of digital assets across organizations are anticipated to drive the demand for digital solutions over the forecast period.
The aviation segment dominated the market in 2019 with a revenue share of over 81%. The surge in air passenger traffic and the introduction of new aircraft models are the key factors driving the growth of the aviation segment. The aviation industry relies on several interdependent assets, which means each of them needs to be managed effectively to ensure profitability and reliability in the long term. Some of the significant aviation management solutions that are being increasingly deployed include predictive and prescriptive maintenance solutions, GR-aware software suites, and tracking solutions.
The location and movement tracking segment dominated the market in 2019 with a revenue share of 34%. Aviation companies, shipping companies, (3PLs), and shared mobility providers are aggressively deploying location and movement tracking solutions to maintain the records of their assets in real-time. The deployment of disruptive technologies that can potentially provide real-time details of the asset health and availability for utilization and maintenance is gaining traction. At the same time, the integration of Geographic Information System (GIS) and Global Positioning System (GPS) is providing better access to spatial data in a single view. This is aiding in the management of working assets within the context of the location while providing the ability to visualize and search for them on a map.
North America dominated the market in 2019 with a revenue share of over 31%. North America has taken a significant lead in terms of both infrastructure development and technology adoption. A strong presence of large IT companies and rapid digitalization in the U.S. and Canada would particularly drive the regional market growth. The rising adoption of connected, smart, and secure technologies for asset-centric applications is also expected to drive the growth of the market.
Adobe Systems Incorporated
Brookfield Asset Management Inc.
Honeywell International Inc.
Rockwell Automation, Inc.
WSP Global Inc.
Zebra Technologies Corporation
Real-Time Location System (RTLS)
Global Positioning System (GPS)
Strategic Asset Management
Operational Asset Management
Tactical Asset Management
Asset Type Outlook
Returnable Transport Assets
Location & Movement Tracking
Repair and Maintenance
Infrastructure Asset Management
Water & Waste Infrastructure
Enterprise Asset Management
Healthcare Asset Management
Aviation Asset Management
Middle East & Africa
The Asset Management market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Asset Management market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Asset Management market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Asset Management market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Asset Management market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Asset Management capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Asset Management by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Asset Management market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Asset Management market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Asset Management market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Asset Management industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Asset Management market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Asset Management market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Asset Management market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Asset Management market. These factors have benefited the growth of the global market for Asset Management. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Asset Management. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Asset Management are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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