Enjoy complimentary customisation on priority with our Enterprise License!
The fixed asset management software market share is expected to increase by USD 2.65 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 11.32%.
This fixed asset management software market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers fixed asset management software market segmentation by deployment (on-premise and cloud) and geography (North America, Europe, APAC, MEA, and South America). The fixed asset management software market report also offers information on several market vendors, including AccuFund Inc., Acumatica Inc., Bloomberg LP, EAZY ERP, Infor Inc., International Business Machines Corp., Multiview Corp., Oracle Corp., Sage Group Plc, and SAP SE among others.
Download the Free Report Sample to Unlock the Fixed Asset Management Software Market Size for the Forecast Period and Other Important Statistics
"Asset data analyzed with AI provides insights that help businesses make better decisions, enhance efficiency, perform preventive maintenance, and maximize investments in physical assets."
The growing adoption of cloud-based deployment solutions is notably driving the fixed asset management software market growth, although factors such as data privacy and security concerns may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the fixed asset management software industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Fixed Asset Management Software Market Driver
The rise in the adoption of cloud-based deployment solutions is one of the key drivers for the fixed asset management software market share growth. These services are hosted on the vendor's server on behalf of clients through software available remotely over the internet. Moreover, cloud-based services provide business agility and scalable IT infrastructure to overcome the complexities of license management, hardware, and software. Furthermore, cloud-based solutions create new opportunities to quickly embrace new technology. Therefore, the cloud-based solutions are estimated to drive the fixed asset register software market during the forecast period.
Key Fixed Asset Management Software Market Challenge
Data privacy and security concerns are key challenges for the fixed asset management software market share growth. Most of the organizations are preferring cloud-based solutions as these services are cost-effective and provide ease of access. Also, cloud services have become an integral part of IT government agencies. However, business organizations will transfer their data depending on the reliability and security of the services. Thus, the concerns about data security and privacy policies governed by cloud-based solutions are estimated to hamper the fixed asset management software market growth during the forecast period.
This fixed asset management software market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The parent market, the global IT software market, covers companies that are engaged in developing and producing application and system software. It also includes companies offering database management software. The global application software market covers companies that are engaged in developing and producing software designed for specialized applications for the business or consumer market.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the fixed asset management software market encompasses successful business strategies deployed by the key vendors. The fixed asset management software market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The fixed asset management software market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
For more insights on the market share of various regions Request for a FREE sample now!
34% of the market's growth will originate from North America during the forecast period. US and Jamaica are the key markets for fixed asset management software in North America. Market growth in this region will be faster than the growth of the market in Europe.
The high adoption of enterprise asset management will facilitate the fixed asset management software market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
To gain further insights on the market contribution of various segments Request for a FREE sample
The fixed asset management software market share growth by the on-premise segment will be significant during the forecast period. It is the traditional and most preferred method globally because the on-premises deployment enables real-time monitoring for the organizations. Moreover, the instances of data breaches are very few as compared to cloud solutions. Also, on-premises systems are more flexible and configurable as well as rich in features. Thus, the on-premises segment is expected to boost the fixed asset management software market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the fixed asset management software market size and actionable market insights on post COVID-19 impact on each segment.
Fixed Asset Management Software Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 11.32% |
Market growth 2022-2026 |
$ 2.65 billion |
Market structure |
Fragmented |
YoY growth (%) |
9.50 |
Regional analysis |
North America, Europe, APAC, MEA, and South America |
Performing market contribution |
North America at 34% |
Key consumer countries |
US, UK, China, Germany, and Jamaica |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
AccuFund Inc., Acumatica Inc., Bloomberg LP, EAZY ERP, Infor Inc., International Business Machines Corp., Multiview Corp., Oracle Corp., Sage Group Plc, and SAP SE |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Deployment
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.