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Asset Management Market Gains Momentum with Increasing Adoption of Cutting-Edge Technologies: Credence Research

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Asset Management Market Gains Momentum with Increasing Adoption of Cutting-Edge Technologies: Credence Research

April 18
20:29 2023
Asset Management Market Gains Momentum with Increasing Adoption of Cutting-Edge Technologies: Credence Research
Some major players in the asset management marketare IBM (US), SAP (Germany), Oracle (US), Infor (US), IFS (Sweden), ABB (Switzerland), CGI (Canada), Rfgen Software (US), Assetworks (US), Ultimo Software Solutions (UK), UpKeep (US), Asset Panda (US), EZOfficeInventory (US), Intelligent Process Solutions (Germany), Maintenance Connection (US).

The latest market report published by Credence Research, Inc. “Global Asset Management Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The Global Asset Management Market generated revenue of around USD 246.5 billion in 2021 and is anticipated to grow a CAGR of over 25.50% during the forecast period from 2022 to 2028 to reach around USD 963.1 billion in 2028.

Asset management, the system that optimizes and safeguards business resources, is gaining traction with the rise of startups, particularly in emerging economies like India and China. Small and medium-sized enterprises are increasingly adopting asset management solutions to optimize their resources and maximize revenues. These solutions and services help organizations enhance profits, save costs, reduce losses, and increase return on investment. To provide real-time high-quality data and track data flow in real-time, key players are integrating cutting-edge technologies such as artificial intelligence (AI), big data science, and machine learning.

The global asset management market is segmented based on component, application, organization, deployment, end-user, and geography. In terms of components, the market is categorized into solutions and services. Application-wise, the market is segmented into asset lifecycle management, labor management, inventory management, predictive maintenance, work order management, and others. Based on organization size, the market is categorized into large enterprises and small and medium-sized enterprises. Deployment-wise, it is categorized into cloud and on-premises, while end-users include healthcare, energy and utilities, government and defense, automotive and transportation, manufacturing, retail, IT and telecom, and BFSI. Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

In 2021, North America dominated the global asset management market, accounting for a significant share of the market revenue in terms of value. This can be attributed to the region’s advanced development in various industries, including healthcare, communication, life sciences, manufacturing, infrastructure, technology, and others. The increasing demand for asset management solutions across different industries, coupled with the growing adoption of radio frequency identification (RFID) and rising demand from the healthcare industry, is expected to drive the growth of the asset management market.

Why Buy This Report-

  • The report provides a qualitative and quantitative analysis of the global asset management market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, base year- 2021, and forecast period 2022-2028.
  • The report contains information related to the competitive landscape like how the key players in the market are operating at a global, regional, and country level
  • In-depth analysis of the global asset management market segmentation based on component, application organization, deployment, end user.
  • Major countries in each region with their import/export statistics

The global asset management market report also includes analyzing the global, regional, and country levels, along with key market trends, significant players analysis, market growth strategies, and key application areas.

Browse Full Report With Tables, Statistics and Figures – Global Asset Management Market

Table of Content:

1. Preface

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. Target Audience

1.1.3. USP and Key Offerings

1.2. Research Scope

1.3. Research Methodology

1.3.1. Phase I – Secondary Research

1.3.2. Phase II – Primary Research

1.3.3. Phase III – Expert Panel Review

1.3.4. Approach Adopted Top-Down Approach Bottom-Up Approach

1.3.5. Assumptions

1.4. Market Segmentation


2. Executive Summary



3. Market Dynamics & Factors Analysis

3.1. Introduction

3.1.1. Global Asset Management Market Value, 2016-2028, (US$ Bn)

3.2. Market Dynamics

3.2.1. Key Growth Trends

3.2.2. Market Drivers

3.2.3. Market Restraints

3.2.4. Market Opportunities

3.2.5. Major Industry Challenges

3.3. Attractive Investment Proposition,2021

3.3.1. Component

3.3.2. Application

3.3.3. Organization

3.3.4. Deployment

3.3.5. End User

3.3.6. Geography


4. Premium Insights



5. Market Positioning of Key Players, 2021



6. COVID 19 Impact Analysis

6.1. Global Asset Management Market Pre Vs Post COVID 19, 2019 – 2028

6.2. Impact on Import & Export

6.3. Impact on Demand & Supply


7. Global Asset Management Market



8. North AmericaAsset Management Market Analysis



9. Europe Asset Management Market Analysis



10. Asia Pacific Asset Management Market Analysis



11. Latin America Asset Management Market Analysis



12. Middle East and Africa Asset Management Market Analysis



13. Company Profiles

13.1. IBM (US)

13.1.1. Company Overview

13.1.2. Products/Services Portfolio

13.1.3. Geographical Presence

13.1.4. Financial Summary Market Revenue and Net Profit (2019-2021) Business Segment Revenue Analysis Geographical Revenue Analysis

13.2. SAP (Germany)

13.3. Oracle (US)

13.4. Infor (US)

13.5. IFS (Sweden)

13.6. ABB (Switzerland)

13.7. CGI (Canada)

13.8. Rfgen Software (US)

13.9. Assetworks (US)

13.10. Ultimo Software Solutions (UK)

13.11. UpKeep (US)

13.12. Asset Panda (US)

13.13. EZOfficeInventory (US)

13.14. Intelligent Process Solutions (Germany)

13.15. Maintenance Connection (US)

13.16. Aveva (UK)

13.17. Aptean (US)

13.18. Emanit (US)

13.19. (US)

13.20. Pazo (India)

13.21. Asset Infinity (India)

13.22. KloudGin (US)

13.23. Fracttal (Chile)

13.24. InnoMaint Software (India)

13.25. Aladinme (UAE)

13.26. Limble (US)

13.27. Redlist (US)

13.28. TrackX (US)

13.29. Cheqroom (Belgium)

13.30. The Asset Guardian (Canada), GoCodes (US)

Browse Full Report With Tables, Statistics and Figures –

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About Us

Credence Research is a viable intelligence and market research platform that provides quantitative B2B research to more than 10,000 clients worldwide and is built on the Give principle. The company is a market research and consulting firm serving governments, non-legislative associations, non-profit organizations, and various organizations worldwide. We help our clients improve their execution in a lasting way and understand their most imperative objectives. For nearly a century, we’ve built a company well-prepared for this task.

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