Global Asset Management System Market, By Asset Type (Electronic, Returnable Transport, In-Transit, Manufacturing, Personnel/Staff), Solutions (Radio Frequency Identification, Real-Time System Location, Barcode, Mobile Computers, GPS), Industry (Healthcare, Retail, Hospitality, Transportation & Logistics, Industrial Manufacturing, Process Industry), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Asset management system market is expected to reach USD 27.51 million by 2027 witnessing market growth at a rate of 15.12% in the forecast period of 2020 to 2027. Data Bridge Market Research report on asset management system market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
An asset management system is a process used by companies to keep track of their equipment and inventory which are vital for their day-to-day operations. This monitoring of assets is done by an asset manager who tracks the performance of the assets and makes sure that they are being used efficiently. They prevent any additional and unnecessary costs from being incurred. It also helps to measure the lifecycle costs of an asset which helps in strategy building so as how to use and maintain the asset.
Deployment of asset management systems which enables real time tracking of existing and new equipment while reducing stock management costs, operational costs and increasing profits which enables optimum use of assets for maximum output as well as minimising the losses caused by thefts along with real time personnel tracking allowing for their safety and efficiency which is critical in healthcare sector are expected to act as major drivers for global asset management system market in the above mentioned forecast period.
High initial costs of the solutions varying on their range and accuracy are the factors acting as restraints for asset management system market in the above-mentioned forecasted period. Increased demand for image-based barcode readers and tweaking regional policies to keep manufacturing facilities afloat is the opportunity for global asset management system market. Trade-offs among accuracy, range and power consumption for costs are the challenges faced by global asset management system market.
This asset management system market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on asset management system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Asset Management System Market Scope and Market Size
The asset management system market is segmented on the basis of asset type, industry and solutions. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of asset type, the asset management system market has been segmented as electronic, returnable transport, in-transit, manufacturing and personnel/staff.
- Based on industry, the asset management system market has been segmented into healthcare, retail, hospitality, transportation & logistics, industrial manufacturing and process industry. Industrial manufacturing is further segmented into automotive, aerospace and others. Process industry is further segmented into oil and gas, energy and power, chemicals, mining and others.
- On the basis of solutions, the asset management system market has been segmented into radio frequency identification, real-time system location, barcode, mobile computers and GPS. Radio frequency identification is further segmented into passive tags, active tags, readers/interrogators and antennas. Real-time system location is segmented based on component into hardware, software and services, hardware is further sub-segmented into tags/badges and readers/interrogators. Real-time system location is segmented based on technology into wi-fi, ultra-wideband (UWB), ultrasound, Bluetooth low energy (BLE), infrared, ZigBee and others. Barcode is segmented based on technology into linear imagers, 2D imagers and laser scanners. Barcode is segmented based on connectivity into wired barcode scanners and wireless barcode scanners. Barcode is segmented based on type into handheld barcode scanners and stationary barcode scanners. Mobile computers are further segmented into wearable mobile computers and non-wearable mobile computers.
Global Asset Management System Market Country Level Analysis
Global asset management system market is analysed and market size, volume information is provided by country, asset type, industry and solutions as referenced above.
The countries covered in the asset management system market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific will dominate the asset management system market due to the increasing demand of asset management systems and growth of IoT industry which is rapidly driving the modernization of production facilities in the industrial sectors of China and India. Factory automation is increasing owing to the increasing labour wages and the presence of large number of automotive manufacturing plants in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Asset Management System Market Share Analysis
Global asset management system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to global asset management system market.
The major players covered in the global asset management system market report are ZEBRA Technologies, Trimble, Stanley Black and Decker, SATO Holdings Corp., IQGeo, Honeywell International Inc., Datalogic, TomTom, mojix, Alien Technology, AiRISTA FLOW, midmark, CenTrak, Sonitor Technologies AS, NCR, Opticon, Advantech, PEPPERL+FUCHS and Topcon Corp. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Asset Management System Market
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