Product Code: GVR-4-68039-214-2
Asset Management Market Growth & Trends:
The global asset management market size is anticipated to reach USD 3,677.39 billion by 2030 and is projected to grow at a CAGR of 36.4% from 2024 to 2030, according to a new study conducted by Grand View Research, Inc. The three key trends that will drive the market growth are the rise of high-net-worth individuals (HNWIs) from emerging populations, the government-incentivized shift to individual retirement plans, and the expansion of sovereign wealth funds (SWFs). With increasing assets and associated costs, market vendors must maintain or increase their technology and data management investment to maximize distribution opportunities and comply with regulations and reporting. Moreover, the factors driving the market growth include the need to reduce equipment downtime and ensure optimum utilization of the available resources. The increased awareness of the benefits of IoT-based asset management solutions bodes well for the market's future growth. Advances in the latest technologies, such as the Internet of
Things (IoT), Artificial Intelligence (AI), and infrastructure automation, coupled with the continued integration of analytical and business intelligence tools in asset management solutions, are also expected to drive the market growth.
Asset management will take center stage as demographics and markets shift. Banks and insurers will be hampered by regulation because it will force them to abandon proprietary investing and other core businesses. Furthermore, as the world's population ages, retirement and healthcare will become significant challenges that only asset management can handle. Asset managers will be in high demand as capital is raised to support growing urbanization and cross-border trade. Furthermore, asset managers will be at the forefront of SWFs' efforts to diversify their vast pools of assets. The market value will need to be communicated systematically and consistently.
Customization and scalability have become critical considerations for buyers of asset management solutions. Organizations are demanding asset management solutions that can be customized to their specific workflows and requirements. In addition, the high demand for scalable solutions can be attributed to the growing focus of organizations on proactive approaches to accommodate future growth and changing business needs without disruption. Suppliers are addressing these demands by offering flexible and scalable solutions that can adapt to the evolving needs of their customers, ensuring long-term satisfaction and value delivery. These interconnected trends reflect the changing dynamics of the market, where suppliers and buyers collaborate to leverage technology and innovation for enhanced asset management capabilities.
Market players engage in technology partnerships and collaborations to develop advanced asset management solutions and roll out asset management services for their customers. For instance, in August 2023, SAP SE agreed with Software AG to incorporate its Intelligent Asset Management Suite, which includes Asset Performance Management (APM), with Software AG's Industrial IoT Platform, Cumulocity IoT. The collaboration was aimed at helping customers derive advantages from seamless product integration and a closed-loop approach to asset performance management.
Asset Management Market Report Highlights:
- Based on component, the strategic asset management service segment is expected to register at the fastest CAGR of 36.1% from 2024 to 2030, owing to the involvement of development and planning in maintaining infrastructure assets
- Based on asset type, the digital assets segment is expected to register at the fastest CAGR of 32.5% from 2024 to 2030. Digital assets, such as software licenses, intellectual property, and digital content, are becoming increasingly valuable for organizations across industries. With the proliferation of digital technologies and the shift toward digital business models, managing and safeguarding these assets has become paramount. As a result, the demand for digital asset management solutions, including powerful tracking mechanisms and access controls, is rising
- Based on function, the repair and maintenance segment is expected to register at the fastest CAGR of 38.3% from 2024 to 2030. Assets such as equipment, transportation, machinery, and infrastructure require regular maintenance for proper functioning and extended life. Hence, the demand for repair & maintenance solutions is anticipated to gain significant traction over the forecast period
- Based on application, the aviation asset management segment is expected to register at the fastest CAGR of 35.9% from 2024 to 2030., in line with an increase in air passenger volume and the launch of new aircraft models
- The growing demand for cloud-based asset management solutions from the large number of SMEs based in the Asia Pacific will help in market growth. Furthermore, the expanding middle class, higher life expectancies, investors' gradual transfer from deposits to financial assets, and longer pension durations have resulted in a need to manage valuable asset data is driving up demand for AM solutions and is expected to drive the market growth in Asia Pacific region
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Asset Management Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.3.3. Industry Opportunities
- 3.4. Asset Management Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
Chapter 4. Asset Management Market: Component Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Asset Management: Component Movement Analysis, USD Billion, 2023 & 2030
- 4.3. Solution
- 4.3.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.3.2. Real-Time Location System (RTLS)
- 4.3.2.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.3.3. Barcode
- 4.3.3.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.3.4. Mobile Computer
- 4.3.4.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.3.5. Labels
- 4.3.5.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.3.6. Global Positioning System (GPS)
- 4.3.6.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.3.7. Others
- 4.3.7.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.4. Service
- 4.4.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.4.2. Strategic Asset Management
- 4.4.2.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.4.3. Operational Asset Management
- 4.4.3.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.4.4. Tactical Asset Management
- 4.4.4.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 5. Asset Management Market: Asset Type Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Asset Management: Asset Type Movement Analysis, USD Billion, 2023 & 2030
- 5.3. Digital Assets
- 5.3.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.4. Returnable Transport Assets
- 5.4.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.5. In-transit Assets
- 5.5.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.6. Manufacturing Assets
- 5.6.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.7. Personnel/Staff
- 5.7.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 6. Asset Management Market: Function Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Asset Management: Function Movement Analysis, USD Billion, 2023 & 2030
- 6.3. Location & Movement Tracking
- 6.3.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.4. Check In/Check Out
- 6.4.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.5. Repair & Maintenance
- 6.5.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.6. Others
- 6.6.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 7. Asset Management Market: Application Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Asset Management: Application Movement Analysis, USD Billion, 2023 & 2030
- 7.3. Infrastructure Asset Management
- 7.3.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.3.2. Transportation
- 7.3.2.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.3.3. Energy Infrastructure
- 7.3.3.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.3.4. Water & Waste Infrastructure
- 7.3.4.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.3.5. Critical Infrastructure
- 7.3.5.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.3.6. Others
- 7.3.6.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.4. Enterprise Asset Management
- 7.4.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.5. Healthcare Asset Management
- 7.5.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.6. Aviation Asset Management
- 7.6.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.7. Others
- 7.7.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 8. Asset Management Market: Regional Estimates & Trend Analysis
- 8.1. Asset Management Market Share, By Region, 2023 & 2030, USD Billion
- 8.2. North America
- 8.2.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.2.2. Market estimates and forecast by Component, 2018 - 2030 (USD Billion)
- 8.2.3. Market estimates and forecast by Asset Type, 2018 - 2030 (USD Billion)
- 8.2.4. Market estimates and forecast by Function, 2018 - 2030 (USD Billion)
- 8.2.5. Market estimates and forecast by Application, 2018 - 2030 (USD Billion)
- 8.2.6. U.S.
- 8.2.6.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.2.6.2. Market estimates and forecast by Component, 2018 - 2030 (USD Billion)
- 8.2.6.3. Market estimates and forecast by Asset Type, 2018 - 2030 (USD Billion)
- 8.2.6.4. Market estimates and forecast by Function, 2018 - 2030 (USD Billion)
- 8.2.6.5. Market estimates and forecast by Application, 2018 - 2030 (USD Billion)
- 8.2.7. Canada
- 8.2.7.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.2.7.2. Market estimates and forecast by Component, 2018 - 2030 (USD Billion)
- 8.2.7.3. Market estimates and forecast by Asset Type, 2018 - 2030 (USD Billion)
- 8.2.7.4. Market estimates and forecast by Function, 2018 - 2030 (USD Billion)
- 8.2.7.5. Market estimates and forecast by Application, 2018 - 2030 (USD Billion)
- 8.2.8. Mexico
- 8.2.8.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.2.8.2. Market estimates and forecast by Component, 2018 - 2030 (USD Billion)
- 8.2.8.3. Market estimates and forecast by Asset Type, 2018 - 2030 (USD Billion)
- 8.2.8.4. Market estimates and forecast by Function, 2018 - 2030 (USD Billion)
- 8.2.8.5. Market estimates and forecast by Application, 2018 - 2030 (USD Billion)
- 8.3. Europe
- 8.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.3.2. Market estimates and forecast by Component, 2018 - 2030 (USD Billion)
- 8.3.3. Market estimates and forecast by Asset Type, 2018 - 2030 (USD Billion)
- 8.3.4. Market estimates and forecast by Function, 2018 - 2030 (USD Billion)
- 8.3.5. Market estimates and forecast by Application, 2018 - 2030 (USD Billion)
- 8.3.6. UK
- 8.3.6.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.3.6.2. Market estimates and forecast by Component, 2018 - 2030 (USD Billion)
- 8.3.6.3. Market estimates and forecast by Asset Type, 2018 - 2030 (USD Billion)
- 8.3.6.4. Market estimates and forecast by Function, 2018 - 2030 (USD Billion)
- 8.3.6.5. Market estimates and forecast by Application, 2018 - 2030 (USD Billion)
- 8.3.7. Germany
- 8.3.7.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.3.7.2. Market estimates and forecast by Component, 2018 - 2030 (USD Billion)
- 8.3.7.3. Market estimates and forecast by Asset Type, 2018 - 2030 (USD Billion)
- 8.3.7.4. Market estimates and forecast by Function, 2018 - 2030 (USD Billion)
- 8.3.7.5. Market estimates and forecast by Application, 2018 - 2030 (USD Billion)
- 8.3.8. France
- 8.3.8.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.3.8.2. Market estimates and forecast by Component, 2018 - 2030 (USD Billion)
- 8.3.8.3. Market estimates and forecast by Asset Type, 2018 - 2030 (USD Billion)
- 8.3.8.4. Market estimates and forecast by Function, 2018 - 2030 (USD Billion)
- 8.3.8.5. Market estimates and forecast by Application, 2018 - 2030 (USD Billion)
- 8.4. Asia Pacific
- 8.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4.2. Market estimates and forecast by Component, 2018 - 2030 (USD Billion)
- 8.4.3. Market estimates and forecast by Asset Type, 2018 - 2030 (USD Billion)
- 8.4.4. Market estimates and forecast by Function, 2018 - 2030 (USD Billion)
- 8.4.5. Market estimates and forecast by Application, 2018 - 2030 (USD Billion)
- 8.4.6. China
- 8.4.6.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4.6.2. Market estimates and forecast by Component, 2018 - 2030 (USD Billion)
- 8.4.6.3. Market estimates and forecast by Asset Type, 2018 - 2030 (USD Billion)
- 8.4.6.4. Market estimates and forecast by Function, 2018 - 2030 (USD Billion)
- 8.4.6.5. Market estimates and forecast by Application, 2018 - 2030 (USD Billion)
- 8.4.7. India
- 8.4.7.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4.7.2. Market estimates and forecast by Component, 2018 - 2030 (USD Billion)
- 8.4.7.3. Market estimates and forecast by Asset Type, 2018 - 2030 (USD Billion)
- 8.4.7.4. Market estimates and forecast by Function, 2018 - 2030 (USD Billion)
- 8.4.7.5. Market estimates and forecast by Application, 2018 - 2030 (USD Billion)
- 8.4.8. Japan
- 8.4.8.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4.8.2. Market estimates and forecast by Component, 2018 - 2030 (USD Billion)
- 8.4.8.3. Market estimates and forecast by Asset Type, 2018 - 2030 (USD Billion)
- 8.4.8.4. Market estimates and forecast by Function, 2018 - 2030 (USD Billion)
- 8.4.8.5. Market estimates and forecast by Application, 2018 - 2030 (USD Billion)
- 8.4.9. Australia
- 8.4.9.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4.9.2. Market estimates and forecast by Component, 2018 - 2030 (USD Billion)
- 8.4.9.3. Market estimates and forecast by Asset Type, 2018 - 2030 (USD Billion)
- 8.4.9.4. Market estimates and forecast by Function, 2018 - 2030 (USD Billion)
- 8.4.9.5. Market estimates and forecast by Application, 2018 - 2030 (USD Billion)
- 8.4.10. South Korea
- 8.4.10.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4.10.2. Market estimates and forecast by Component, 2018 - 2030 (USD Billion)
- 8.4.10.3. Market estimates and forecast by Asset Type, 2018 - 2030 (USD Billion)
- 8.4.10.4. Market estimates and forecast by Function, 2018 - 2030 (USD Billion)
- 8.4.10.5. Market estimates and forecast by Application, 2018 - 2030 (USD Billion)
- 8.5. Latin America
- 8.5.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.5.2. Market estimates and forecast by Component, 2018 - 2030 (USD Billion)
- 8.5.3. Market estimates and forecast by Asset Type, 2018 - 2030 (USD Billion
- 8.5.4. Market estimates and forecast by Function, 2018 - 2030 (USD Billion)
- 8.5.5. Market estimates and forecast by Application, 2018 - 2030 (USD Billion)
- 8.5.6. Brazil
- 8.5.6.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.5.6.2. Market estimates and forecast by Component, 2018 - 2030 (USD Billion)
- 8.5.6.3. Market estimates and forecast by Asset Type, 2018 - 2030 (USD Billion)
- 8.5.6.4. Market estimates and forecast by Function, 2018 - 2030 (USD Billion)
- 8.5.6.5. Market estimates and forecast by Application, 2018 - 2030 (USD Billion)
- 8.6. Middle East & Africa
- 8.6.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.6.2. Market estimates and forecast by Component, 2018 - 2030 (USD Billion)
- 8.6.3. Market estimates and forecast by Asset Type, 2018 - 2030 (USD Billion)
- 8.6.4. Market estimates and forecast by Function, 2018 - 2030 (USD Billion)
- 8.6.5. Market estimates and forecast by Application, 2018 - 2030 (USD Billion)
- 8.6.6. UAE
- 8.6.6.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.6.6.2. Market estimates and forecast by Component, 2018 - 2030 (USD Billion)
- 8.6.6.3. Market estimates and forecast by Asset Type, 2018 - 2030 (USD Billion)
- 8.6.6.4. Market estimates and forecast by Function, 2018 - 2030 (USD Billion)
- 8.6.6.5. Market estimates and forecast by Application, 2018 - 2030 (USD Billion)
- 8.6.7. Saudi Arabia
- 8.6.7.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.6.7.2. Market estimates and forecast by Component, 2018 - 2030 (USD Billion)
- 8.6.7.3. Market estimates and forecast by Asset Type, 2018 - 2030 (USD Billion)
- 8.6.7.4. Market estimates and forecast by Function, 2018 - 2030 (USD Billion)
- 8.6.7.5. Market estimates and forecast by Application, 2018 - 2030 (USD Billion)
- 8.6.8. South Africa
- 8.6.8.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.6.8.2. Market estimates and forecast by Component, 2018 - 2030 (USD Billion)
- 8.6.8.3. Market estimates and forecast by Asset Type, 2018 - 2030 (USD Billion)
- 8.6.8.4. Market estimates and forecast by Function, 2018 - 2030 (USD Billion)
- 8.6.8.5. Market estimates and forecast by Application, 2018 - 2030 (USD Billion)
Chapter 9. Competitive Landscape
- 9.1. Recent Developments & Impact Analysis by Key Market Participants
- 9.2. Company Categorization
- 9.3. Company Market Share Analysis
- 9.4. Company Heat Map Analysis
- 9.5. Strategy Mapping
- 9.5.1. Expansion
- 9.5.2. Mergers & Acquisition
- 9.5.3. Partnerships & Collaborations
- 9.5.4. New Product Launches
- 9.5.5. Research And Development
- 9.6. Company Profiles
- 9.6.1. ABB Inc.
- 9.6.1.1. Participant's Overview
- 9.6.1.2. Financial Performance
- 9.6.1.3. Product Benchmarking
- 9.6.1.4. Recent Developments
- 9.6.2. Adobe Systems Inc.
- 9.6.2.1. Participant's Overview
- 9.6.2.2. Financial Performance
- 9.6.2.3. Product Benchmarking
- 9.6.2.4. Recent Developments
- 9.6.3. Brookfield Asset Management Inc.
- 9.6.3.1. Participant's Overview
- 9.6.3.2. Financial Performance
- 9.6.3.3. Product Benchmarking
- 9.6.3.4. Recent Developments
- 9.6.4. Honeywell International Inc.
- 9.6.4.1. Participant's Overview
- 9.6.4.2. Financial Performance
- 9.6.4.3. Product Benchmarking
- 9.6.4.4. Recent Developments
- 9.6.5. IBM Corp.
- 9.6.5.1. Participant's Overview
- 9.6.5.2. Financial Performance
- 9.6.5.3. Product Benchmarking
- 9.6.5.4. Recent Developments
- 9.6.6. Oracle Corp.
- 9.6.6.1. Participant's Overview
- 9.6.6.2. Financial Performance
- 9.6.6.3. Product Benchmarking
- 9.6.6.4. Recent Developments
- 9.6.7. Rockwell Automation, Inc.
- 9.6.7.1. Participant's Overview
- 9.6.7.2. Financial Performance
- 9.6.7.3. Product Benchmarking
- 9.6.7.4. Recent Developments
- 9.6.8. Siemens AG
- 9.6.8.1. Participant's Overview
- 9.6.8.2. Financial Performance
- 9.6.8.3. Product Benchmarking
- 9.6.8.4. Recent Developments
- 9.6.9. WSP Global Inc.
- 9.6.9.1. Participant's Overview
- 9.6.9.2. Financial Performance
- 9.6.9.3. Product Benchmarking
- 9.6.9.4. Recent Developments
- 9.6.10. Zebra Technologies Corp.
- 9.6.10.1. Participant's Overview
- 9.6.10.2. Financial Performance
- 9.6.10.3. Product Benchmarking
- 9.6.10.4. Recent Developments
- 9.6.11. Hitachi, Ltd.
- 9.6.11.1. Participant's Overview
- 9.6.11.2. Financial Performance
- 9.6.11.3. Product Benchmarking
- 9.6.11.4. Recent Developments
- 9.6.12. General Electric Company
- 9.6.12.1. Participant's Overview
- 9.6.12.2. Financial Performance
- 9.6.12.3. Product Benchmarking
- 9.6.12.4. Recent Developments
- 9.6.13. Bentley Systems, Incorporated
- 9.6.13.1. Participant's Overview
- 9.6.13.2. Financial Performance
- 9.6.13.3. Product Benchmarking
- 9.6.13.4. Recent Developments
- 9.6.14. Hexagon AB
- 9.6.14.1. Participant's Overview
- 9.6.14.2. Financial Performance
- 9.6.14.3. Product Benchmarking
- 9.6.14.4. Recent Developments
- 9.6.15. AssetWorks, Inc.
- 9.6.15.1. Participant's Overview
- 9.6.15.2. Financial Performance
- 9.6.15.3. Product Benchmarking
- 9.6.15.4. Recent Developments
- 9.6.16. SAP SE
- 9.6.16.1. Participant's Overview
- 9.6.16.2. Financial Performance
- 9.6.16.3. Product Benchmarking
- 9.6.16.4. Recent Developments