fixed asset management software market insights, fixed asset management software market players, fixed asset management software market size, fixed asset management software market demand, global fixed asset management software market, fixed asset management software market growth factors
How Rapid is the Market Growth for Fixed Asset Management Software?
The fixed asset management software market has experienced significant growth in recent years, surging from $4.15 billion in 2024 to $4.57 billion in 2025 at a compound annual growth rate (CAGR) of 10.3%. This growth can be accredited to the implementation of manual processes replacement, data centralization, lifecycle management requirements, efficiency and productivity improvement, and growth in the IT industry.
This market is expected to witness even more rapid growth in the ensuing years, ballooning to $7.61 billion in 2029 at a compound annual growth rate (CAGR) of 13.6%. The factors propelling this growth include AI-driven decision-making, the development of industry-specific solutions, sophistication of remote monitoring, priority on cost efficiency, integration with business systems, enhancement of mobile accessibility, and the rise in remote work.
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What are the Key Drivers Boosting the Fixed Asset Management Software Market?
Driving the market’s growth is the increasing demand for fixed assets across multiple verticals. Fixed assets, which are used in corporate operations to produce goods, services, and generate income, provide long-term financial advantages. In this regard, businesses utilize fixed asset management software to monitor equipment and vehicles, evaluate their condition, maintain operational efficiency, reduce lost inventory, equipment failures, and downtime, and increase the asset’s lifetime value.
How is the Fixed Asset Management Software Market Segmented?
The market is segmented by:
1) Component: Software, Services
2) Deployment Type: On-Premises, Cloud
3) Organization Size: Large enterprises, Small-And Medium-Sized Enterprises
4) End Users: Energy And utilities, Manufacturing, IT, Telecom And media, Transportation And logistics, Healthcare And life science, Others End Users (BFSI, Retail, And Government)
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Who are the Major Players in the Fixed Asset Management Software Market?
Major players in the market include 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 are the Emerging Trends in the Fixed Asset Management Software Market?
Technological advancements mark a key trend shaping the market. Major companies are increasingly developing innovative technologies to stay competitive. For instance, in March 2022, US-based Aptean launched Aptean EAM, a comprehensive, cloud-based enterprise asset management solution incorporating advanced analytics to facilitate intelligent preventative maintenance.
What is the Regional Analysis for the Fixed Asset Management Software Market?
In 2024, Asia-Pacific held the largest share of the fixed asset management software market, and it is projected to be the fastest-growing region in the forecast period. The market report covers Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does the Fixed Asset Management Software Market Report 2025 Offer?
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. It primarily aims to reduce lost inventory, equipment failures, and downtime and enhance the asset’s lifetime value. The Fixed Asset Management Software Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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