Asset Management Market Report and Forecast 2025-2034

The global asset management market size reached approximately USD 421.22 Billion in 2024. The market is projected to grow at a CAGR of 12.50% between 2025 and 2034, reaching a value of around USD 1.36 trillion by 2034.

Key Trends in the Market

Asset management is a systematic approach that involves development, operation, maintenance, upgradation, and disposal of organisation or client’s assets in the most effective way. The management is done with the aim to enhance monetary gains while mitigating risks.

• The increasing awareness about the various advantages associated with the utilisation of asset management solutions and services is driving their adoption. These advantages include streamlining of operations and optimum utilisation of existing resources. Furthermore, these solutions help enhance profit and improve the return on investment, along with helping enterprises save costs.
• The rising integration of asset management software with other hospital systems is adding to the asset management market demand across the globe. These solutions are increasingly used to track personnel and equipment data to maximise efficiency and ultimately improve patient care, enhancing the relationship between management and patients.
• The cloud-based asset management solutions help create a centralised asset repository, enabling easy access to asset information, documentation, and maintenance history. Adoption of cloud asset management is a significant market trend and has gained popularity owing to its ability to promote transparency by offering improved control to users over all the assets and infrastructure within the cloud environment.

Asset Management Market Segmentation

The report titled “Asset Management Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Component

• Solution
• Service

Market Breakup by Asset Type

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

Market Breakup by Function

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

Market Breakup by Application

• Infrastructure Asset Management
• Enterprise Asset Management
• Healthcare Asset Management
• Aviation Asset Management
• Others

Market Breakup by Region

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

Market Share by Component

Services are anticipated to account for a significant asset management market share over the forecast period owing to the rising adoption of operational and strategic plans by various organisations across the globe. The intended usage of these services includes assisting organisations by ensuring that all their functions are working together to attain the desired objectives.

Market Share by Asset Type

Digital assets hold a significant share of the market as these solutions and services are being increasingly adopted by businesses around the globe to lower the overall operating expenses and standardise company operations, supporting the asset management market growth. Increasing volume and densities of digital assets in companies is anticipated to be another major factor that will boost the demand for digital solutions for asset management.

In-transit assets are expected to witness significant growth over the forecast period owing to the increasing e-commerce activities worldwide. These solutions will allow the e-commerce sector to track and identify the items supplied by the seller while they are in-transit. With growing digitalisation and rising population, the demand for in-transit solutions is further expected to surge.

Competitive Landscape

The comprehensive report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global asset management market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

Honeywell International Inc.

Honeywell International Inc., headquartered in North Carolina, United States, is a publicly traded multinational company that was founded in 1906. It primarily operates in four areas of business, including performance materials and technologies, aerospace, safety and productivity solutions, and building technologies.

IBM Corporation

IBM Corporation, founded in 1911, is a multinational technology company that is headquartered in New York, United States. The technology corporation is widely known for its software and hardware products comprising of networking equipment, computer, storage systems, and servers.

Siemens AG

Siemens AG is an automation company that was founded in 1847 and is headquartered in Munich, Germany. The multinational technology company deals with digitalisation and automation in the manufacturing sector and provides rail transport solutions as well as digital healthcare services.

Other asset management market players include Rockwell Automation, Inc., Oracle Corporation, Brookfield Corp., Zebra Technologies Corp., SAP SE, ABB Ltd, and WSP Global Inc., among others.