Asset Management Software Market
Industry Overview
According to Goldstein Research, “Rapid adoption of asset management software among asset-intensive companies for the predictive maintenance and reduction of risks associated with IT compliance and licensing management are the major factors for the growth of asset management software market.” Asset Management Software Market has also gained considerably from the innovations in the industrial Internet of Things (IoT) technologies.
“Global Asset Management Software Market Outlook 2024”
The Asset Management Software Market is segmented based on deployment type, by components, by organization type, and by end users. Based on organization type, large enterprises accounted for the lion share in 2016, owing to the faster adoption rate of this technology to reduce the complexity of documentation and asset management.
Browse Full Report: Asset Management Software Market
The global Asset Management Software Market had reached a value of USD 3.2 billion in 2016. It is expected to expand at a CAGR of 9.1% between 2016 and 2024and arrive at a valuation of USD 6.1 billion by the end of 2024.
North America is the largest region for Asset Management Software Market in 2016 and is expected to dominate the market during the forecast period of 2016-2024. North America Asset Management Software Market valued USD 0.920 billion in 2016 and is estimated to reach USD 1.8 billion by 2024. United States is expected to dominate the Asset Management Software Market followed by Canada owing to the vast growth of the IT industry in these countries.
Cloud-based Asset Management Software: Turnkey
A key factor driving this growth of the Asset Management Software Market is the gradual adoption of cloud-based solutions by users. This shift is largely due to the higher number of advantages provided in cloud-based software services as compared to the on-premise services. Added functionalities include mobile accessibility, monthly subscriptions and many more intuitive services that are propelling the growth of the asset management software market.
“Global Asset Management Software Market Outlook 2024” contains a detailed overview of the global asset management software market in terms of market segmentation by deployment type, by components, by organization type, and by end users.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
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Global Asset Management Software Market Report also provides a competitive outlook of some of the major players which includes profiling of companies such as Microsoft, Freshworks Inc., IBM Corporation, IFS AB, Infor, Oracle Corporation, Ramco Systems, SAP SE, Cognizant Technology Solutions etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global asset management software market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
Browse a Similar Research report published by Goldstein Research on Workflow Management Software Market for the forecast period of 2016-2024. The industry analysis report shows the market dynamics, changing the competitive landscape, size, share, trends, revenue data, SWOT analysis, and much more business-oriented facts.