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Market Research Report

Global Asset Management Software Market Analysis by Deployment Type, by Components, by Enterprises Size & by End User with Regional Outlook & Forecast to 2024

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Market Overview

In today’s world progressively dynamic IT environments, the ability to effectively access, manage and secure software and hardware assets is more than important than ever. Likewise, enhanced asset management practices allowed the various organizations from different industries to contrast the current and future costs of assets and based on these predictions, improve operations productivity and cybersecurity. Moreover, analytical solutions, such as cloud-based content analytics and asset tracking solutions, helping organizations to manage large sets of data obtained from mobile applications and smart connected devices. These factors and advantages of asset management software are the major factors for the growth asset management software market.

Market Segmentation

By Deployment Type

  • On-Premises
  • Cloud

By Components

  • Software
  • Services
    • Professional Services
    • Managed Services

By Enterprises Size

  • Small and Medium-Sized Enterprises (SMEs)
  • Large Enterprises

By End Users

  • BFSI Sector
  • IT and ITEs
  • Healthcare Sector
  • Transportation and Logistics
  • Manufacturing Sector
  • Oil and Gas Sector
  • Energy and Utilities       
  •  Retail Industry

 By Geography

  • North America (US, Canada) {Market Share (%), Market Size (USD Billion)}
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion)}
  • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion)}
  • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion)}
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion)}
  • Rest of the World{Market Share (%), Market Size (USD Billion))}

Asset Management Software Market Size & Forecast 

Goldstein Research analyst forecast the global asset management software market to expand at a CAGR of 9.1% during the forecast period 2016-2024. Further, the market is anticipated to reach USD 6.1 billion by the end of forecast period. 

Based on organization type, large enterprises accounted for the maximum market share of 70% in 2016 and will continue to dominate the market during the forecast period. Moreover, asset management software market in SME’s is projected to witness growth at a significant rate during the forecast period.

Revenue Share by Region

Geographically, North America accounted for the largest market share with 35% revenue in global asset management software market. Asia Pacific is anticipated to be the fastest growing region for asset management software market, at a CAGR of +12% during the forecast period. Moreover, developing countries such as China, Russia and India among others showcase immense growth opportunities owing to significant government initiative to accelerate the growth of manufacturing, IT, retail and BSFI sector.

Drivers and Challenges to Market Growth

According to the report, major driver in global asset management software market is the rapid adoption of asset management software in different industrial verticals owing to outdated infrastructure administration, improved results in terms of the returns on assets (RoA) and growing importance of the process called as asset tracking.One major trend in the market is growing adoption of cloud based asset management software services. SaaS (software as a service) based softwares are stored on cloud-based servers, which are much less expensive, much faster to update and scale, and don't take up any valuable office space. These advantages can mean a savings of thousands of dollars in terms of total cost of ownership.

Further, the report states that one challenge in global asset management software market is managing cyber security. With systems facing threats from both inside and outside the network, cyber threats become more severe and possess a major challenge for the market growth.

Covered in this global asset management software market report

The report covers the present ground scenario and the future growth prospects of the asset management software market for 2016-2024 along with the total revenue of asset management software industry in every region. We calculated the market size and revenue share on the basis of revenue generated per segment, regional and country level. The revenue forecast is given on the basis of number of asset management Software companies and current growth rate of the market.

Global Asset Management Software Market Outlook 2016-2024, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global asset management software market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global asset management software market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

Key Market Players

Our global asset management software market report comprises of the following companies as the key players in the global asset management software market.

  •  Microsoft
  •  Freshworks Inc.
  •  ABB Ltd.
  •  CGI Group Inc.
  •  Dude Solutions Inc.
  •  eMaint
  •  IBM Corporation
  •  IFS AB
  •  Infor
  •  Oracle Corporation
  •  Ramco Systems
  •  SAP SE
  •  Schneider Electric SA
  •  Cognizant Technology Solutions
  •  Dell EMC
  •  HP
  • Vesta Partners LLC.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this market study

  • What is the total market size by 2024 and what would be the expected growth rate of sales?
  • What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities for the existing and entry level players?
  • What are the recent developments and business strategy of the key players?

We can provide two hour complimentary interaction with our analyst after the purchase of this market report. Details are imparted within the report.

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Global Asset Management Software Market Analysis by Deployment Type, by Components, by Enterprises Size & by End User with Regional Outlook & Forecast to 2024

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