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Fixed Asset Management Software Market by Components (Software and Services), Organization Size (Large Enterprises, and Small- and Medium-Sized Enterprises), Deployment (On Premise and Cloud) Verticals, and Regions - Global Forecast to 2024

  • ID: 4774272
  • Report
  • Region: Global
  • 124 Pages
  • Markets and Markets
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The Fixed Asset Management Software Market is Expected to Grow at a CAGR of 11.8% During the Forecast Period

FEATURED COMPANIES

  • ABB
  • Aptean
  • Emaint
  • IFS
  • Mainsaver
  • Microsoft
  • MORE

The global fixed asset management software market size is expected to grow from USD 3 billion in 2019 to USD 5.2 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 11.8% during the forecast period. Preventive maintenance and IoT technology to boost adoption of fixed asset management software, and growing need to reduce operational cost and proliferate profits through efficient management of assets are the major factors driving the growth of the fixed asset management software market.

The software segment expected to hold a higher market share

The fixed asset management software empowers organizations with a centralized platform to efficiently manage their assets throughout its lifecycle. The software empowers organizations with various capabilities, including asset lifecycle management, asset budgeting, depreciation management, disposal management, document management, barcoding/Radio Frequency Identification (RFID), asset tracking, audit trail, and tax management. Organizations across industries are adopting fixed asset management software, as it enables them to monitor their assets and increase operational efficiency. Maintenance, repair, and operations of assets are of the utmost importance in any asset-intensive industry.

Cloud-based deployment expected to have a significant growth in the fixed asset management software market during the forecast period

Nowadays, organizations are looking forward to having their solutions deployed on the cloud, as cloud deployment type offers various advantages, such as scalability, flexibility in capacity, enhanced collaboration, and cost-efficiency. The implementation of the cloud-based fixed asset management software facilitates SMEs and large enterprises to focus on their core competencies, rather than IT processes. With the help of the cloud-based fixed asset management software, organizations can avoid costs related to software, storage, and technical staff. The cloud-based fixed asset management software offers a centralized way to integrate the system and its components with web and mobile applications and helps organizations in asset management, maintenance, and productivity.

North America expected to have the largest market size during the forecast period

North America is the most mature market in terms of fixed asset management software adoption. North America is likely to account for a substantial share of the global fixed asset management software market during the forecast period. The market growth in this region is driven primarily by the presence of large IT companies/users and rapid technological advancements, such as digitalization in the US and Canada. The presence of key players in fixed asset management in the region is expected to be a significant factor driving the market growth in North America. Key players, such as IBM, Oracle, Microsoft, and Infor, along with several startups in the region, are offering enhanced asset management solutions, to cater to the needs of customers.

In the process of determining and verifying the market size of several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people.

The breakup of the profiles of the primary participants is as follows:

  • By Company: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
  • By Designation: C-Level – 72%, Director Level – 14%, and Others – 14%
  • By Region: North America – 45%, Europe – 20%, APAC – 30%, RoW – 5%

The fixed asset management software market includes various major vendors such as IBM (US), Infor (US), SAP (Germany), Microsoft (US), Oracle (US), Sage (UK), Acumatica (US), Aptean (UK), Maintenance Connection (US), IFS (Sweden), eMaint (US), Aveva (UK), Ramco Systems (India), ABB (Switzerland), Tracet (India), and Mainsaver (US).

Research Coverage:

The report includes an in-depth competitive analysis of the key players in the fixed asset management software market along with their company profiles, recent developments, and key market strategies. The report segments the fixed asset management software market by components (software and services), organization size (large enterprises, and small and medium-sized enterprises), deployment (on-premise and cloud) verticals, and regions.

Key Benefits of Buying the Report:
The fixed asset management software market has been segmented on the basis of components (software and services), organization size (large enterprises, and small and medium-sized enterprises), deployment (on-premise and cloud) verticals, and regions.

The report will help the market leaders/new entrants in the fixed asset management software market in the following ways:

  • The overall fixed asset management software market revenue stream has been estimated based on the revenues generated by vendors, offering fixed asset management software platform solutions and services. Wherein services are inclusive of integration and deployment, support and maintenance, and consulting services, provided by professional service providers. Moreover, the services segment also includes revenues generated by Managed Service Providers (MSPs). The report provides the closest approximations of the revenue numbers for the overall market and the subsegments. The market numbers are split further into regions.
  • The report helps the stakeholders understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities.
  • The report will help the stakeholders understand the competitors and gain more insights to better their market position. The competitive landscape section includes the competitor ecosystem, new product developments, partnerships, and mergers and acquisitions.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB
  • Aptean
  • Emaint
  • IFS
  • Mainsaver
  • Microsoft
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.4 Years Considered for the Study
1.5 Currency Considered
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakup of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Breakup and Data Triangulation
2.3 Market Size Estimation
2.3.1 Top-Down Approach
2.3.2 Bottom-Up Approach
2.4 Market Forecast
2.5 Assumptions for the Study
2.6 Limitations of the Study

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Market
4.2 Market in North America, By Industry and Country, 2019
4.3 Fixed Asset Management Software Market: Major Countries

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Preventive Maintenance and IoT Technology to Boost the Adoption of Fixed Asset Management Software
5.2.1.2 Growing Need to Reduce Operational Cost and Proliferate Profits Through Efficient Management of Assets
5.2.2 Restraints
5.2.2.1 Lack of Awareness of Fixed Asset Management Software Benefits
5.2.3 Opportunities
5.2.3.1 Advent of Big Data and Analytics to Increase the Adoption of Fixed Asset Management Software
5.2.3.2 Surge in the Adoption of IoT-Based Solutions to Automate Asset Management
5.2.4 Challenges
5.2.4.1 Tracking of Assets
5.2.4.2 Lack of Skilled Fixed Asset Management Software Professionals
5.3 Use Cases
5.3.1 Oil Spill Response Limited
5.3.2 Ring Container Technologies
5.3.3 Medical Technologies Innovators (MTI)
5.3.4 Fsc Lighting

6 Fixed Asset Management Software Market By Component
6.1 Introduction
6.2 Software
6.2.1 Growing Focus of Organizations on Automating and Enhancing Asset Management Processes to Drive the Demand for Fixed Asset Management Software
6.3 Services
6.3.1 Consulting and Implementation
6.3.1.1 Efficient Deployment of Fixed Asset Management Software as Per the Requirements of Clients to Drive the Growth of Consulting and Implementation Services
6.3.2 Training and Support
6.3.2.1 Growing Focus of Organizations on Improving the Performance of Their Assets to Drive the Growth of Support and Maintenance Services

7 Fixed Asset Management Software Market By Organization Size
7.1 Introduction
7.2 Large Enterprises
7.2.1 Growing Need Among Large Enterprises to Manage Their Large Number of Assets Driving the Demand for Fixed Asset Management Software
7.3 Small and Medium-Sized Enterprises
7.3.1 Need for A Cost-Effective and Comprehensive Solution to Drive the Adoption of Fixed Asset Management Software Across Small and Medium-Sized Enterprises

8 Fixed Asset Management Software Market By Deployment Type
8.1 Introduction
8.2 On-Premises
8.2.1 Security Concerns Among Enterprises to Drive the Adoption of On-Premises Fixed Asset Management Software
8.3 Cloud
8.3.1 Scalability and Cost-Effectiveness to Be the Major Factors Driving the Adoption of Cloud-Based Fixed Asset Management Software

9 Fixed Asset Management Software Market By Industry
9.1 Introduction
9.2 Energy and Utilities
9.2.1 Growing Need to Offer Best-In-Class Customer Experience Driving the Growth of Fixed Asset Management Software in the Energy and Utilities Industry
9.3 Manufacturing
9.3.1 Growing Need to Maintain Huge Manufacturing Plants and Machinery Driving the Growth of Fixed Asset Management Software in the Manufacturing Industry
9.4 IT, Telecom, and Media
9.4.1 Growing Need for Utilizing Assets to Full Extent to Drive the Growth of Fixed Asset Management Software in the IT, Telecom, and Media Industry
9.5 Transportation and Logistics
9.5.1 Growing Need to Reduce Vehicle Operational Costs Driving the Growth of Fixed Asset Management Software in the Transportation and Logistics Industry
9.6 Healthcare and Life Sciences
9.6.1 Growing Need to Share Personalized and Updated Compliance-Approved Content With Prospects Driving the Growth of Fixed Asset Management Software in the Healthcare and Life Sciences Industry
9.7 Others

10 Fixed Asset Management Software Market By Region
10.1 Introduction
10.2 North America
10.2.1 United States
10.2.1.1 Growing Adoption of Partnership Strategy and Advanced Technologies to Drive the Growth of Market in the Us
10.2.2 Canada
10.2.2.1 Efficient Management of Assets Throughout Its Life Cycle to Drive the Growth of Market in Canada
10.3 Europe
10.3.1 Germany
10.3.1.1 Advanced IT Infrastructure and Developed Manufacturing Industry to Boost the Growth of Market in Germany
10.3.2 United Kingdom
10.3.2.1 Increasing Adoption of Fixed Asset Management Software By SMEs to Boost the Growth of Market in the Uk
10.3.3 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.1.1 Automation of Asset Management Processes Across Industries Transforming Operational Processes to Boost the Adoption of Fixed Asset Management Software in Japan
10.4.2 Australia and New Zealand
10.4.2.1 Growing Need for Enhancing Return on Assets to Drive the Growth of Market in Anz
10.4.3 Rest of Asia Pacific
10.5 Middle East and Africa
10.5.1 Kingdom of Saudi Arabia
10.5.1.1 Growing Adoption of Asset Management Solutions By Large Enterprises to Drive the Growth of Market in KSA
10.5.2 South Africa
10.5.2.1 Changing Landscape of Businesses to Promote the Growth of the Market in South Africa
10.5.3 Rest of Middle East and Africa
10.6 Latin America
10.6.1 Brazil
10.6.1.1 Increasing Awareness About Benefits of Asset Management Solutions to Enhance the Business Operations Driving the Adoption of Fixed Asset Management Software in Brazil
10.6.2 Mexico
10.6.2.1 Enhanced Asset Monitoring Practices By Using Fixed Asset Management Software to Boost the Market in Mexico
10.6.3 Rest of Latin America

11 Competitive Landscape
11.1 Introduction
11.2 Competitive Scenario
11.2.1 New Product/Solution Launches and Product Enhancements
11.2.2 Acquisitions
11.2.3 Partnerships, Agreements, and Collaborations
11.3 Competitive Leadership Mapping
11.3.1 Visionary Leaders
11.3.2 Dynamic Differentiators
11.3.3 Innovators
11.3.4 Emerging Companies

12 Company Profiles
Business Overview, Products, Services, Solutions & Platform, Key Insights, Recent Developments, SWOT Analysis, Author's View
12.1 IBM
12.2 Infor
12.3 SAP
12.4 Microsoft
12.5 Oracle
12.6 Sage
12.7 Aptean
12.8 Maintenance Connection
12.9 IFS
12.10 Acumatica
12.11 Emaint
12.12 Aveva
12.13 Ramco Systems
12.14 ABB
12.15 Mainsaver
12.16 Tracet

Details on Business Overview, Products, Services, Solutions & Platform, Key Insights, Recent Developments, SWOT Analysis, Author's View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix
13.1 Discussion Guide
13.2 Knowledge Store: Subscription Portal
13.3 Available Customizations
13.4 Related Reports
13.5 Author Details

List of Tables (56 Tables)

Table 1 United States Dollar Exchange Rate, 2015–2017
Table 2 Factor Analysis
Table 3 Fixed Asset Management Software Market Size, By Component, 2017–2024 (USD Million)
Table 4 Software: Market Size By Region, 2017–2024 (USD Million)
Table 5 Services: Market Size By Type, 2017–2024 (USD Million)
Table 6 Services: Market Size By Region, 2017–2024 (USD Million)
Table 7 Consulting and Implementation Market Size, By Region, 2017–2024 (USD Million)
Table 8 Training and Support Market Size, By Region, 2017–2024 (USD Million)
Table 9 Fixed Asset Management Software Market Size, By Organization Size, 2017–2024 (USD Million)
Table 10 Large Enterprises: Market Size By Region, 2017–2024 (USD Million)
Table 11 Small and Medium-Sized Enterprises: Market Size By Region, 2017–2024 (USD Million)
Table 12 Market Size By Deployment Type, 2017–2024 (USD Million)
Table 13 On-Premises: Market Size By Region, 2017–2024 (USD Million)
Table 14 Cloud: Market Size By Region, 2017–2024 (USD Million)
Table 15 Fixed Asset Management Software Market Size, By Industry, 2017–2024 (USD Million)
Table 16 Energy and Utilities: Market Size By Region, 2017–2024 (USD Million)
Table 17 Manufacturing: Market Size By Region, 2017–2024 (USD Million)
Table 18 IT, Telecom, and Media: Market Size By Region, 2017–2024 (USD Million)
Table 19 Transportation and Logistics: Market Size By Region, 2017–2024 (USD Million)
Table 20 Healthcare and Life Sciences: Market Size By Region, 2017–2024 (USD Million)
Table 21 Others: Market Size, By Region, 2017–2024 (USD Million)
Table 22 Fixed Asset Management Software Market Size, By Region, 2017–2024 (USD Million)
Table 23 North America: Market Size By Component, 2017–2024 (USD Million)
Table 24 North America: Market Size By Service, 2017–2024 (USD Million)
Table 25 North America: Market Size By Organization Size, 2017–2024 (USD Million)
Table 26 North America: Market Size By Deployment Type, 2017–2024 (USD Million)
Table 27 North America: Market Size By Industry, 2017–2024 (USD Million)
Table 28 North America: Market Size By Country, 2017–2024 (USD Million)
Table 29 Europe: Fixed Asset Management Software Market Size, By Component, 2017–2024 (USD Million)
Table 30 Europe: Market Size By Service, 2017–2024 (USD Million)
Table 31 Europe: Market Size By Organization Size, 2017–2024 (USD Million)
Table 32 Europe: Market Size By Deployment Type, 2017–2024 (USD Million)
Table 33 Europe: Market Size By Industry, 2017–2024 (USD Million)
Table 34 Europe: Market Size By Country, 2017–2024 (USD Million)
Table 35 Asia Pacific: Fixed Asset Management Software Market Size, By Component, 2017–2024 (USD Million)
Table 36 Asia Pacific: Market Size By Service, 2017–2024 (USD Million)
Table 37 Asia Pacific: Market Size By Organization Size, 2017–2024 (USD Million)
Table 38 Asia Pacific: Market Size By Deployment Type, 2017–2024 (USD Million)
Table 39 Asia Pacific: Market Size By Industry, 2016–2023 (USD Million)
Table 40 Asia Pacific: Market Size By Country, 2017–2024 (USD Million)
Table 41 Middle East and Africa: Fixed Asset Management Software Market Size, By Component, 2017–2024 (USD Million)
Table 42 Middle East and Africa: Market Size By Service, 2017–2024 (USD Million)
Table 43 Middle East and Africa: Market Size By Organization Size, 2017–2024 (USD Million)
Table 44 Middle East and Africa: Market Size By Deployment Type, 2017–2024 (USD Million)
Table 45 Middle East and Africa: Market Size By Industry, 2017–2024 (USD Million)
Table 46 Middle East and Africa: Market Size By Country, 2017–2024 (USD Million)
Table 47 Latin America: Fixed Asset Management Software Market Size, By Component, 2017–2024 (USD Million)
Table 48 Latin America: Market Size By Service, 2017–2024 (USD Million)
Table 49 Latin America: Market Size By Organization Size, 2017–2024 (USD Million)
Table 50 Latin America: Market Size By Deployment Type, 2017–2024 (USD Million)
Table 51 Latin America: Market Size By Industry, 2017–2024 (USD Million)
Table 52 Latin America: Market Size By Country, 2017–2024 (USD Million)
Table 53 New Product/Solution Launches and Enhancements, 2018–2019
Table 54 Acquisitions, 2017–2019
Table 55 Partnerships, Agreements, and Collaborations, 2018–2019
Table 56 Evaluation Criteria

List of Figures (30 Figures)

Figure 1 Fixed Asset Management Software Market: Research Design
Figure 2 Market Top-Down and Bottom-Up Approaches
Figure 3 Segments With A Higher Market Share in the Market in 2019
Figure 4 North America to Account for the Highest Market Share in 2019
Figure 5 Growing Focus of Organizations on Optimizing Asset Utilization and Increasing Return on Assets to Drive the Growth of Market
Figure 6 Energy and Utility Industry, and the United States to Account for High Market Shares in the North American Market in 2019
Figure 7 Australia and New Zealand to Grow at the Highest CAGR During the Forecast Period
Figure 8 Drivers, Restraints, Opportunities, and Challenges: Fixed Asset Management Software Market
Figure 9 Services Segment to Grow at A Higher CAGR During the Forecast Period
Figure 10 Training and Support Segment to Grow at A Higher CAGR During the Forecast Period
Figure 11 Small and Medium-Sized Enterprises Segment to Grow at A Higher CAGR During the Forecast Period
Figure 12 Cloud Segment to Grow at A Higher CAGR During the Forecast Period
Figure 13 Healthcare and Life Sciences Industry to Grow at the Highest CAGR During the Forecast Period
Figure 14 Asia Pacific to Witness Significant Growth During the Forecast Period
Figure 15 North America: Market Snapshot
Figure 16 Asia Pacific: Market Snapshot
Figure 17 Key Developments By Leading Players in the Market, 2017–2019
Figure 18 Fixed Asset Management Software Market (Global) Competitive Leadership Mapping, 2018
Figure 19 IBM: Company Snapshot
Figure 20 IBM: SWOT Analysis
Figure 21 Infor: Company Snapshot
Figure 22 Infor: SWOT Analysis
Figure 23 SAP: Company Snapshot
Figure 24 SAP: SWOT Analysis
Figure 25 Microsoft: Company Snapshot
Figure 26 Microsoft: SWOT Analysis
Figure 27 Oracle: Company Snapshot
Figure 28 Oracle: SWOT Analysis
Figure 29 Sage: Company Snapshot
Figure 30 IFS: Company Snapshot

Note: Product cover images may vary from those shown
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  • ABB
  • Acumatica
  • Aptean
  • Aveva
  • Emaint
  • IBM
  • IFS
  • Infor
  • Mainsaver
  • Maintenance Connection
  • Microsoft
  • Oracle
  • Ramco Systems
  • Sage
  • SAP
  • Tracet
Note: Product cover images may vary from those shown
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