Global Asset Management Market

Asset Management Market by Types (Digital Assets, Staff/Personnel, Returnable Transport Assets, Manufacturing Assets, and In-transit Assets), Components (Service [Tactical Asset Management, Operational Asset Management, and Strategic Asset Management], and Solution [Global Positioning System, Barcode, Real-Time Location System, Labels, Mobile Computer, and Others]), Applications (Healthcare Asset Management, Infrastructure Asset Management [Critical Infrastructure, Energy Infrastructure, Water & Waste Infrastructure, Transportation, and Others], Enterprise Asset Management, Aviation Asset Management, and Others), Functions (Check In/ Check Out, Location & Movement Tracking, Repair & Maintenance, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: BFSI-2132
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 188
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The global asset management market size is expected to expand at a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the growing demand for cloud-based asset management solutions along with the incorporation of drone & AI-based asset management across business verticals.

Global Asset Management Market summary

Asset management is the process of overseeing investments on behalf of others. The approach fundamentally has two goals that is increasing the value of a client's assets over time and reducing risk. There are investment minimums, therefore only high net worth individuals, corporations, financial intermediaries, and government entities can use this service.

Moreover, asset management includes several activities, such as investment strategies, portfolio planning, design & construction, maintenance, rehabilitation, replacement, and asset disposal. Furthermore, through predictive maintenance, condition tracking, and preventative upkeep, it helps to avoid the need for costly emergency repairs along with enhancing asset lifecycle and uptime. Hence, in highly dynamic and competitive market conditions, several firms are investing extensively in order to reap profits.

On the other hand, during COVID-19 cloud- based asset management solutions are being used by businesses to manage assets since it is enabled for day to day operations to be performed remotely. Furthermore, several companies across verticals have adopted the work from home model to protect employee well-being and ensure operational efficiency, resulting in a surge in demand for cloud-based solutions.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing adoption of advanced technology for extending asset lifecycle and rising incorporation of predictive analytics in asset management solutions are expected to boost the market growth in the coming years.
  • Growing usage of Internet of Things (IoT) platforms to manage enterprise assets, and increasing mobility usage among end users are some of the major factors fueling the market expansion.
  • Increasing concerns related to data security and confidentiality are estimated to hamper the market expansion.
  • Existing gap between customer expectations and solutions delivered pertaining to asset management solution implementation is one of the keys factors hindering the market growth.
  • Ongoing digital transformation initiatives taken by the government across emerging economies are anticipated to offer high growth opportunities for the market in the coming years.

Scope of the Report

The report on the global asset management market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Asset Management Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Types (Digital Assets, Staff/Personnel, Returnable Transport Assets, Manufacturing Assets, and In-transit Assets), Components (Service [Tactical Asset Management, Operational Asset Management, and Strategic Asset Management], and Solution [Global Positioning System, Barcode, Real-Time Location System, Labels, Mobile Computer, and Others]), Applications (Healthcare Asset Management, Infrastructure Asset Management [Critical Infrastructure, Energy Infrastructure, Water & Waste Infrastructure, Transportation, and Others], Enterprise Asset Management, Aviation Asset Management, and Others), and Functions (Check In/ Check Out, Location & Movement Tracking, Repair & Maintenance, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

ABB Inc.; Zebra Technologies Corp.; Adobe Systems Inc.; Siemens AG; Brookfield Asset Management Inc.; IBM Corp.; Honeywell International Inc.; Rockwell Automation, Inc.; Oracle Corp.; and WSP Global Inc.

Market Segment Insights

Digital asset segment is expected to grow at a rapid pace

Based on types, the global asset management market is segmented into digital assets, staff/personnel, returnable transport assets, manufacturing assets, and in-transit assets. The digital asset segment is expected to grow at a rapid pace during the forecast period, owing to the rapid adoption of digital solution by businesses in order to lower overall operational expenses and standardize company operations. Furthermore, the ongoing digitalization trend along with the rising volumes and densities of digital assets across companies are expected to boost the segment growth.

However, the in-transit segment is projected to expand at a considerable rate in the coming years due to the growing e-commerce activities throughout the world. Furthermore, in-transit management solutions assist transportation service companies in tracking and identifying the assets during the transition. In addition, the expanding population and continued digitalization are propelling the segment growth.

Global Asset Management Market types

The solution segment is projected to expand at a considerable CAGR

On the basis of components, the market is bifurcated into service and solution. The solution segment is projected to expand at a considerable CAGR during the forecast period. The solution segment is further segregated as Global Positioning System (GPS), barcode, real-time location system, labels, mobile computer, and others.

Furthermore, the long-term reliability, 2D code-reading capabilities, multiple code-reading abilities, and image-based barcode scanners are progressively embraced across many industries, such as healthcare, logistics, food & beverage, and consumer products.

However, the service segment is estimated to constitute a major market share in the coming years. The service segment is further segmented into tactical asset management, operational asset management, and strategic asset management. The growth of the segment is attributed to the increasing adoption of strategic and operational plans by various businesses all around the world.

Moreover, strategic management entails managing investments over a long period of time in order to increase Return on Assets (RoA). Furthermore, these services are intended to assist organizations in achieving the objectives by ensuring that all functions work together to attain the same objectives.

Aviation asset management segment anticipated to gain a large revenue share

Based on applications, the global asset management market is segregated as healthcare asset management, infrastructure asset management, enterprise asset management, aviation asset management, and others. The aviation asset management segment is anticipated to gain a large revenue share during the forecast period, owing to the rising air passenger traffic and the launch of new aircraft models.

Furthermore, the aviation sector relies on a number of interrelated assets, which is managed properly in order to assure long-term profitability and reliability. In addition, predictive and prescriptive maintenance solutions, GR-aware software packages, and tracking systems are some of the key aviation management technology broadly used in aviation sector.

However, the infrastructure asset management is estimated to expand significantly in the coming years due to the cost- effective infrastructure purchase and maintenance. The infrastructure asset management is further segmented into critical infrastructure, energy infrastructure, water & waste infrastructure, transportation, and others.

Furthermore, suppliers in the infrastructure management sector are employing a two-track method known as design- build and build operate transfer. This method helps local suppliers to carry out the construction work, while multinational firms are providing operation and maintenance software & services. Thus, aforementioned factors are propelling the segment growth.

Global Asset Management Market application

Location & movement tracking segment is expected to gain a large market share

On the basis of functions, the market is divided into check in/ check out, location & movement tracking, repair & maintenance, and others. The location & movement tracking segment is expected to gain a large market share during the forecast period, owing to the extensive usage in aviation, shipping corporations, third-party logistics (3PLs), and shared mobility providers in order to keep track of the assets in real time.

Furthermore, disruptive technology that can give real-time details on asset health and availability for the maintenance are gaining traction. Additionally, the integration of the Geographic Information System (GIS) and the Global Positioning System (GPS) allows for easier access to spatial data in a single perspective. Thus, all these factors are estimated to fuel the segment growth in the coming years.

North America is anticipated to constitute a key market share

In terms of regions, the global asset management market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key market share during the forecast period due to the growing infrastructure development and increasing adoption of advanced technology across businesses. Furthermore, a significant presence of large IT corporations and rapid digitization in the United States and Canada are expected to boost the market expansion in the region.

However, the market of Asia Pacific is estimated to expand at a considerable rate in the coming years, owing to the increasing adoption of modern technology such as Artificial Intelligence (AI), cloud-based solutions, big data analytics, and IoT. Furthermore, the region is home to developing economies such as India and China, providing considerable prospects for asset management systems and services implementation. Additionally, the existence of a big number of SMEs in the region is expected to fuel the demand for cost- effective cloud-based solutions.

Global Asset Management Market region

Segments

Segments Covered in the Report
The global asset management market has been segmented on the basis of
Types

  • Digital Assets
  • Staff/Personnel
  • Returnable Transport Assets
  • Manufacturing Assets
  • In-transit Assets

Components

  • Service
    • Tactical Asset Management
    • Operational Asset Management
    • Strategic Asset Management
  • Solution
    • Global Positioning System
    • Barcode
    • Real-Time Location System
    • Labels
    • Mobile Computer
    • Others

Applications

  • Healthcare Asset Management
  • Infrastructure Asset Management
    • Critical Infrastructure
    • Energy Infrastructure
    • Water & Waste Infrastructure
    • Transportation
    • Others
  • Enterprise Asset Management
  • Aviation Asset Management
  • Others

Functions

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

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • ABB Inc.
  • Zebra Technologies Corp.
  • Adobe Systems Inc.
  • Siemens AG
  • Brookfield Asset Management Inc.
  • IBM Corp.
  • Honeywell International Inc.
  • Rockwell Automation, Inc.
  • Oracle Corp.
  • WSP Global Inc.

 

Competitive Landscape

Some of the major players competing in the global asset management market are ABB Inc.; Zebra Technologies Corp.; Adobe Systems Inc.; Siemens AG; Brookfield Asset Management Inc.; IBM Corp.; Honeywell International Inc.; Rockwell Automation, Inc.; Oracle Corp.; and WSP Global Inc.

These major players in the market are using a variety of organic and inorganic growth tactics, such as new product development, strategic alliances and collaborations, and mergers & acquisitions in order to sustain their position in the industry. Furthermore, players are enhancing their solutions' capabilities by incorporating new technology such as Machine Learning (ML), Artificial Intelligence (AI), Augmented Reality (AR), Virtual Reality (VR), mobility, Geographic Information System (GIS), and Mixed Reality (MR).

For example, IBM Corporation announced a partnership with Sund & Blt Holding A/S in April 2019 to develop AI-powered Internet of Things (IoT) solutions and grow its IBM Maximo portfolio.

Moreover, IBM Corp. is one of the most well-known companies in the industry. IBM Maximo is the brand name for the company's asset management systems. Furthermore, the company's solutions facilitate real- time visibility into asset usage, which aids in increasing Return on Asset (RoA) and expanding functions across several sites. In addition, the company is concentrating on augmenting data management and analysis tools in order to meet the growing expectation of its customers.

Global Asset Management Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Asset Management Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Asset Management Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Asset Management Market - Supply Chain
  4.5. Global Asset Management Market Forecast
     4.5.1. Asset Management Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Asset Management Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Asset Management Market Absolute $ Opportunity
5. Global Asset Management Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Asset Management Market Size and Volume Forecast by Types
     5.3.1. Digital Assets
     5.3.2. Staff/Personnel
     5.3.3. Returnable Transport Assets
     5.3.4. Manufacturing Assets
     5.3.5. In-transit Assets
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Asset Management Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Asset Management Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Asset Management Demand Share Forecast, 2019-2026
7. North America Asset Management Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Asset Management Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Asset Management Market Size and Volume Forecast by Types
     7.4.1. Digital Assets
     7.4.2. Staff/Personnel
     7.4.3. Returnable Transport Assets
     7.4.4. Manufacturing Assets
     7.4.5. In-transit Assets
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Asset Management Demand Share Forecast, 2019-2026
8. Latin America Asset Management Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Asset Management Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Asset Management Market Size and Volume Forecast by Types
     8.4.1. Digital Assets
     8.4.2. Staff/Personnel
     8.4.3. Returnable Transport Assets
     8.4.4. Manufacturing Assets
     8.4.5. In-transit Assets
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Asset Management Demand Share Forecast, 2019-2026
9. Europe Asset Management Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Asset Management Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Asset Management Market Size and Volume Forecast by Types
     9.4.1. Digital Assets
     9.4.2. Staff/Personnel
     9.4.3. Returnable Transport Assets
     9.4.4. Manufacturing Assets
     9.4.5. In-transit Assets
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Asset Management Demand Share Forecast, 2019-2026
10. Asia Pacific Asset Management Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Asset Management Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Asset Management Market Size and Volume Forecast by Types
     10.4.1. Digital Assets
     10.4.2. Staff/Personnel
     10.4.3. Returnable Transport Assets
     10.4.4. Manufacturing Assets
     10.4.5. In-transit Assets
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Asset Management Demand Share Forecast, 2019-2026
11. Middle East & Africa Asset Management Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Asset Management Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Asset Management Market Size and Volume Forecast by Types
     11.4.1. Digital Assets
     11.4.2. Staff/Personnel
     11.4.3. Returnable Transport Assets
     11.4.4. Manufacturing Assets
     11.4.5. In-transit Assets
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Asset Management Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Asset Management Market: Market Share Analysis
  12.2. Asset Management Distributors and Customers
  12.3. Asset Management Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. ABB Inc.
     12.4.2. Zebra Technologies Corp.
     12.4.3. Adobe Systems Inc.
     12.4.4. Siemens AG
     12.4.5. Brookfield Asset Management Inc.
     12.4.6. IBM Corp.
     12.4.7. Honeywell International Inc.

Segments Covered in the Report
The global asset management market has been segmented on the basis of
Types

  • Digital Assets
  • Staff/Personnel
  • Returnable Transport Assets
  • Manufacturing Assets
  • In-transit Assets

Components

  • Service
    • Tactical Asset Management
    • Operational Asset Management
    • Strategic Asset Management
  • Solution
    • Global Positioning System
    • Barcode
    • Real-Time Location System
    • Labels
    • Mobile Computer
    • Others

Applications

  • Healthcare Asset Management
  • Infrastructure Asset Management
    • Critical Infrastructure
    • Energy Infrastructure
    • Water & Waste Infrastructure
    • Transportation
    • Others
  • Enterprise Asset Management
  • Aviation Asset Management
  • Others

Functions

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

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • ABB Inc.
  • Zebra Technologies Corp.
  • Adobe Systems Inc.
  • Siemens AG
  • Brookfield Asset Management Inc.
  • IBM Corp.
  • Honeywell International Inc.
  • Rockwell Automation, Inc.
  • Oracle Corp.
  • WSP Global Inc.

 

Some of the major players competing in the global asset management market are ABB Inc.; Zebra Technologies Corp.; Adobe Systems Inc.; Siemens AG; Brookfield Asset Management Inc.; IBM Corp.; Honeywell International Inc.; Rockwell Automation, Inc.; Oracle Corp.; and WSP Global Inc.

These major players in the market are using a variety of organic and inorganic growth tactics, such as new product development, strategic alliances and collaborations, and mergers & acquisitions in order to sustain their position in the industry. Furthermore, players are enhancing their solutions' capabilities by incorporating new technology such as Machine Learning (ML), Artificial Intelligence (AI), Augmented Reality (AR), Virtual Reality (VR), mobility, Geographic Information System (GIS), and Mixed Reality (MR).

For example, IBM Corporation announced a partnership with Sund & Blt Holding A/S in April 2019 to develop AI-powered Internet of Things (IoT) solutions and grow its IBM Maximo portfolio.

Moreover, IBM Corp. is one of the most well-known companies in the industry. IBM Maximo is the brand name for the company's asset management systems. Furthermore, the company's solutions facilitate real- time visibility into asset usage, which aids in increasing Return on Asset (RoA) and expanding functions across several sites. In addition, the company is concentrating on augmenting data management and analysis tools in order to meet the growing expectation of its customers.

Global Asset Management Market keyplayers

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