DBMR - ICT

Global Fixed Asset Management Software Market – Industry Trends and Forecast to 2026

  • ICT
  • Upcoming Report
  • Jul 2019
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220
Global Fixed Asset Management Software Market By Component (Software, Services), Organization Type (Large Enterprises, Small and Medium-Sized Enterprises), Deployment Type (On-Premises, Cloud), Industry (Energy and Utilities, Manufacturing, IT, Telecom, and Media, Transportation and Logistics, Healthcare and Life Sciences), Application (Accounting, Tax Management, Asset Tracking, Asset Management, Document Management, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2026

Market Analysis: Global Fixed Asset Management Software Market 

Global fixed asset management software market is expected to rise to an estimated value of USD 6.83 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026. Rising demand for cost effective &comprehensive solutions and increasing security concern among enterprises are the factor fuelling the growth of this market.

Market Definition: Global Fixed Asset Management Software Market 

Fixed asset management software is a process which is related to accounting and is used to track the fixed assets. There main function is to track functional accounting, theft obviation and preventive maintenance. In simple words, they are mainly used to track the condition, quantity and other features of the fixed assets. They widely use serial numbered asset tags for the tracking. Increasing adoption of IoT based solutions is driving the market growth.

Market Drivers:

  • Increasing demand for efficient management is driving the market
  • Rising adoption of IoT based solution will also act as a driver for this market
  • Increasing occurrence of big data and analytics will also propel market
  • Surging prevalence of IoT systems and increasing awareness regarding the benefits of precautionary preservation is expected to positively affect the growth of the market

Market Restraints:

  • Lack of skilled and trained professionals will also restrain the market
  • Dearth of awareness about benefits of fixed asset management software will also hamper the market

Segmentation: Global Fixed Asset Management Software Market 

By Component

  •  Software
  •  Services

By Organization Type

  •  Large Enterprises
  •  Small and Medium-Sized Enterprises

By Deployment Type

  •  On-Premises
  •  Cloud

By Industry

  •  Energy and Utilities
  •  Manufacturing, IT
  •  Telecom, and Media
  •  Transportation and Logistics
  •  Healthcare and Life Sciences

By Application

  •  Accounting, Tax Management
  •  Asset Tracking
  •  Asset Management
  •  Document Management
  •  Others

By Geography

  • North America

    • US
    • Canada
    • Mexico

  • South America

    • Brazil
    • Argentina
    • Rest of South America

  • Europe

    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Turkey
    • Belgium
    • Netherlands
    • Switzerland
    • Rest of Europe

  • Asia-Pacific

    • Japan
    • China
    • South Korea
    • India
    • Australia
    • Singapore
    • Malaysia
    • Indonesia
    • Thailand
    • Philippines
    • Rest of Asia-Pacific

  • Middle East and Africa

    • South Africa
    • Egypt
    • Saudi Arabia
    • United Arab Emirates
    • Israel
    • Rest of Middle East and Africa

Key Developments in the Market:

  • In September 2018, Net@Work announced that they have acquired IMS (Inventory Management Solutions). This acquisition will help the Net@work to expand their Net@Work’s Sage Fixed Assets Software (Sage FAS) practice and will also strengthen their position in the market. With this acquisition, the company will also get access to different technologies and services which will also help them to grow rapidly
  • In September 2017, MRI Software announced that they have acquired Real Asset Management so that they can expand their portfolio in asset management and provide better solution and services to their clients. This will also help the MRI clients to manage their accounting and also improve their compliance. This acquisition will strengthen their market position and help them to expand in other market as well

Competitive Analysis: Global Fixed Asset Management Software Market 

Global fixed asset management software market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of fixed asset management software market for global, Europe, North America, Asia-Pacific and South America.

Major Market Competitors/Players: Global Fixed Asset Management Software Market 

Few of the major competitors currently working in the global fixed asset management software market are IBM Corporation, Infor, SAP ERP, Microsoft, Oracle, Sage Group, Aptean, MAINTENANCE CONNECTION, AN ACCRUENT COMPANY, IFS Solutions India Pvt.ltd, Acumatica, Inc., Fluke Corporation, AVEVA Group plc, Ramco Systems., ABB, Mainsaver, Inc. Zoho Corp., RCS Tech LLP, Xero Limited., Spine Technologies (I) Pvt. Ltd.,   Sensys Technologies Pvt Ltd., VIRMATI SOFTWARE & TELECOMMUNICATIONS LTD., Real Asset Management Plc and many more.

Research Methodology: Global Fixed Asset Management Software Market 

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved

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