Asset Management System Market Trend, Share, Growth, Size Analysis and Forecast 2032

Asset Management System Market Size

The global asset management system market size was worth around USD 20.27 billion in 2023 and is predicted to grow to around USD 28.35 billion by 2032 with a compound annual growth rate (CAGR) of roughly 3.8% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD billion). The report covers a forecast and an analysis of the asset management system market on a global and regional level.

Request Free Sample

Global Asset Management System Market: Overview

An asset management system facilitates organization to manage and track physical and human assets linked to their performance; hence, resulting in the efficient use of the assets. It is implemented to measure and monitor things of value to an entity or group. It may apply to the tangible or intangible assets such as intellectual property, financial assets, human capital, and goodwill. Asset management is a process of operating, deploying, upgrading, disposing, and maintaining of assets cost-effectively. However, the meaning of asset management varies according to the domain such as in the engineering environment is to achieve the greatest return on productive assets. In the public infrastructure, it is about providing the best possible service to users.

Global Asset Management System Market: Growth Factors

Asset management systems are used to track information of the tangible and intangible assets; this in turn may drive the global asset management system market growth in the near future. Asset management system is extensively used in the healthcare industry due to its high use for keeping record of the patients and medical equipment especially in emergencies. Conversely, huge capital investment and higher maintenance costs are restraining global asset management system market growth.

Request Free Sample

Global Asset Management System Market: Segmentation

The global asset management system market is divided based on function, asset type, industry, and solution.

The function segment includes check-in/check-out, repair & maintenance, movement tracking, and others.

The asset type comprises manufacturing assets, returnable transport assets, electronics assets, personnel, and others.

The industry segment consists of healthcare, industrial manufacturing, process industry, retail, transportation and logistics, hospitality, and others. 

The solution segment includes barcode, radio frequency identification (RFID), global positioning system (GPS), and real-time location system (RTLS). Of these, the barcode is the dominating segment in the global asset management system market. It is widely used in the numerous industries such as transportation and logistics, retail, manufacturing, healthcare, and others. It has accurate identification rates and has low misread ratio. Hence, owing to the significance of the barcode, it is used in various applications including attendance, inventory management, and asset counting. RFID is the second largest in the global market and efficient in the healthcare-related products and medical device including bed utilization, asset allocation, and patient flow.

Asset Management System Market: Report Scope

Global Asset Management System Market: Regional Analysis

The geographical segmentation of the global asset management system market includes North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is the leading region in the global market. However, increasing demand for factory automation, the transition from traditional retail to organized retail, and high growth in the e-commerce sector are driving the global market growth in this region.

Global Asset Management System Market: Competitive Players

Major players are operating in the global asset management system market are:

• TomTom International
• Sato Holdings Corporation
• Ubisense Group
• Zebra Technologies Corporation
• Impinj
• Data logic.
• Trimble
• Mojix
• Stanley Black and Decker
• Topcon Corporation
• Honeywell International

The Global Asset Management System Market Segmented Into:

By Function 

• Check-In/Check-Out
• Repair & Maintenance
• Movement Tracking
• Others

By Asset Type 

• Manufacturing Assets
• Returnable Transport Assets
• Electronics Assets
• Personnel
• Others

By Industry 

• Healthcare
• Industrial Manufacturing
• Process Industry
• Retail
• Transportation And Logistics
• Hospitality
• Others

By Solution 

• Barcode
• Radio Frequency Identification (RFID)
• Global Positioning System (GPS)
• Real-Time Location System (RTLS)

Global Asset Management System Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa

What Report Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.