The Business Research Company’s report on the Fixed Asset Management Software Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the fixed asset management software market in recent years?
The increasing demand for fixed assets over multiple verticals is expected to propel the demand for fixed asset management software going forward. Fixed assets are assets that are used in corporate operations and generate a long-term financial advantage. The company utilizes fixed assets to manufacture goods and services and generate money. They are not sold to customers or held as an investment. Due to such benefits of investing into fixed assets, businesses use fixed asset management software to monitor equipment and vehicles, evaluate their condition, keep them in good operating order, reduce lost inventory, equipment failures, and downtime, and increase the asset’s lifetime value. For instance, In July 2022, according to a report published by Government of china, from January to June, national fixed asset investment (excluding rural households) totaled 27,143 billion Yuan, a 6.1% rise year on year. Additionally, the private fixed asset investment was 15,307.4 billion Yuan, a 3.5% rise year on year. Therefore, an increasing investment and demand for fixed assets over multiple verticals will drive the fixed asset management software market.
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What is the projected market size of the fixed asset management software industry, and how is it expected to grow?
The fixed asset management software market size has grown rapidly in recent years. It will grow from $4.15 billion in 2024 to $4.57 billion in 2025 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to manual processes replacement, data centralization, lifecycle management requirements, efficiency and productivity improvement, growth in IT industry.
The fixed asset management software market size is expected to see rapid growth in the next few years. It will grow to $7.61 billion in 2029 at a compound annual growth rate (CAGR) of 13.6%. The growth in the forecast period can be attributed to AI-driven decision-making, industry-specific solutions development, remote monitoring sophistication, cost efficiency priority, integration with business systems, mobile accessibility enhancement, rise in remote work. Major trends in the forecast period include digitization of asset management, advancements in technology, compliance requirements, and data security concerns.
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Who are the key players driving competition in the fixed asset management software market?
Major companies operating in the fixed asset management software market are International Business Machines Corporation, Infor Inc., Tracet Enterprise, Microsoft Corporation, Oracle America Inc., Sage Software Inc., Aptean India Pvt Ltd., Aveva Group PLC, SAP SE, Ramco Systems Limited, FMIS Ltd., AssetWorks LLC, RCS Tech LLP, ManageEngine AssetExplorer, UpKeep Technologies Inc., InvGate Assets, AssetCloud by Wasp Barcode Technologies, Cheqroom NV, Ivanti Inc., Bloomberg Tax Fixed Assets, FlexiInternational Software Inc., Deltek Inc., Reftab LLC, EZOfficeInventory
What key trends are expected to drive the fishmeal & fish oil market during the forecast period?
Technological advancements are the key trend gaining popularity in the fixed asset management software market. The advanced fixed asset management software includes IT asset lifecycle programmes that generate accurate and actionable data to assist IT asset managers in making sound decisions. Major companies operating in the fixed asset management software market are focused of innovating new technologies to sustain their position in the market. For instance, in March 2022, Aptean, a US-based provider of fixed asset management software, launched the Aptean EAM, a new cloud-based enterprise asset management solution including CMMS for manufacturers. Aptean EAM’s extensive features, which include advanced analytics, simplify intelligent preventative maintenance. In order to manage work orders, automate approvals, maintain spare parts inventories, schedule preventative maintenance, assign appropriately skilled workers, and conduct mobile compliance inspections, Aptean EAM elevates asset maintenance and management tasks through a single platform. It is intended to satisfy the maintenance management requirements of companies whose operations are powered by equipment.
Which key geographies are driving the growth of the fixed asset management software market?
Asia-Pacific was the largest region in the fixed asset management software market share in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the fixed asset management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the key segments driving growth in the fixed asset management software market?
The fixed asset management software market covered in this report is segmented –
1) By Component: Software, Services
2) By Deployment Type: On-Premises, Cloud
3) By Organization Size: Large enterprises, Small-And Medium-Sized Enterprises
4) By End Users: Energy And utilities, Manufacturing, IT, Telecom And media, Transportation And logistics, Healthcare And life science, Others End Users (BFSI, Retail, And Government)
Subsegments:
1) By Software: Asset Tracking Software, Depreciation Management Software, Reporting And Analytics Software
2) By Services: Implementation Services, Consulting Services, Maintenance And Support Services
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How is the fixed asset management software market defined?
Fixed asset management software refers to software developed to track the MRO (Maintenance, repair, and operations) lifecycle and maintain depreciation values on assets such as land, buildings, automobiles, furniture, office equipment, computers, and other non-cash things. Fixed asset management software’s primary goal is to reduce lost inventory, equipment failures, and downtime and enhance the asset’s lifetime value.
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