Adroit Market Research - Industry Insights
Fixed Asset Management Software Market by Component (Software {Customer Management, Inventory Management, Mobile Field Execution, Service Contract Management, Warranty Management, Workforce Management, Others}, Services {Implementation, Training & Support, Consulting & Advisory}), Organization Size (Small & Medium, And Large), Deployment (On-Premise, Cloud), Application (Energy & Utilities, IT & Telecom, Manufacturing, Healthcare, Transportation & Logistics, and Others), and by Region (North America, Europe, Asia Pacific, Middle East, and Africa, South America), Global Forecast 2018 to 2028
Sep 2020
Total Pages: 155
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The market size for global fixed asset management (FAM) software is anticipated to reach USD 7 billion by 2028. The factors such as the rising need to reduce operational expenses and generate profits via efficient management of assets are responsible for the growth of the industry. On the other hand, preventive maintenance along with the Internet of Things (IoT) technology is likely to enhance the implementation of fixed asset management software, globally.
FAM software includes a set of processes by which businesses can store, organize, manage, and retrieve rights. It provides an advanced infrastructure to manage and preserve assets and also enables end-users to locate and identify assets from a set of database records. Every database record includes metadata elucidating the information about its content. The fixed asset management software helps to manage and create the databases and facilitates the organizations to store them in a simplified manner.
Key Segments of the Global Fixed Asset Management Software Market
Component Overview, 2018-2028 (USD Billion)
- Solutions
- Customer Management
- Inventory Management
- Mobile Field Execution
- Service Contract Management
- Warranty Management
- Workforce Management
- Others
- Services
- Implementation
- Training & Support
- Consulting & Advisory
Organization Size Overview, 2018-2028 (USD Billion)
- Small & Medium Enterprise
- Large Enterprise
Deployment Overview, 2018-2028 (USD Billion)
- On-premise
- Cloud
Application Overview, 2018-2028 (USD Billion)
- Energy & Utilities
- Healthcare
- Manufacturing
- IT & Telecom
- Transportation & Logistics
- Others
Regional Overview, 2018-2028 (USD Billion)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Africa
- South America
- Brazil
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global Fixed Asset Management Software Market. Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on the global Fixed Asset Management Software Market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the fixed asset management software industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on organization type, component, deployment, and application. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global Fixed Asset Management Software Market. The report will benefit:
- Every stakeholder is involved in the Fixed Asset Management Software Market.
- Managers within the Tech companies looking to publish recent and forecasted statistics about the global Fixed Asset Management Software Market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global Fixed Asset Management Software Market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
The demand for the Fixed Asset Management Software Market globally to witness considerable growth in the coming five years. Advancements in the energy & utilities, real estate, and manufacturing sectors are likely to generate lucrative growth prospects within the fixed asset management software industry. Technological developments across various industry verticals, such as Machine Learning, Cloud Computing, Artificial Intelligence, and many more, are likely to fuel the acceptance of fixed asset management software since these technologies deliver efficiency, agility, and scalability to businesses. Thus, the vendors within the industry are progressively introducing technologically innovative solutions to achieve maximum market traction. Conversely, the major interference in the implementation of fixed asset management software is experienced by SMEs, as they typically suffer from the economic crunch, owing to lower capital budgets. Hence, the industry participants should focus on serving the SMEs to overcome the difficulty in the implementation of the FAM solution for their assets.
Component Segment
The global Fixed Asset Management Software Market contains both software and service segment. The software segment possesses a significant market share within the global fixed asset management software solution market in 2019. The software allows organizations with various features, including depreciation management, asset lifecycle management, asset budgeting, disposal management, barcoding/Radio Frequency Identification (RFID), document management, asset tracking, tax management, and audit trail. Enterprises across industries are implementing FAM software since it helps them to increase operational efficiency and monitor their assets. On the other hand, the services segment is anticipated to grow at a significant growth rate from 2020 to 2028.
Organization Size Segment
Based on the organization size segment, the market is bifurcated into two sub-segments that are small & medium, and large enterprise. In 2019, the large enterprise segment gathered the largest market revenue and it is anticipated to govern the Fixed Asset Management Software Market throughout the forecast period. However, the small & medium segment is projected to grow at a significant growth rate over the forecast period.
Deployment Segment
Based on the deployment segment, the market is bifurcated into two sub-segments that are on-premise, and cloud. In 2019, the on-premise segment gathered the largest market revenue and it is anticipated to dominate the market throughout the forecast period. However, the cloud segment is anticipated to grow at a substantial growth rate over the forecast period. The cloud enables organizations with a unified platform with SaaS-based services providing improved security.
Application Segment
The global Fixed Asset Management Software Market contains both software and service segment. The software segment possesses a significant market share within the global fixed asset management software solution market in 2019. The software allows enterprises with various features, that include depreciation management, asset lifecycle management, disposal management, asset budgeting, document management, barcoding, Radio Frequency Identification, asset tracking, tax management, and audit trail. Enterprises across industries are implementing FAM software since it helps them to increase operational efficiency and monitor their assets. On the other hand, the services segment is anticipated to grow at a significant growth rate from 2020 to 2028.
The global Fixed Asset Management Software Market is a wide range to North America, Europe, APAC, South America, and the Middle East & Africa. North America is considered a mature market in the fixed asset management software applications, owing to an outsized presence of organizations with the availability of technical expertise and advanced IT infrastructure. The US and Canada are the highest contributory countries to the expansion of the Fixed Asset Management Software Market in North America.
The major players of the global Fixed Asset Management Software Market are IBM, Infor, Microsoft, Oracle, SAP, Sage, Aptean, Maintenance Connection, Acumatica, IFS, eMaint, Ramco Systems, ABB, Tracet, Aveva, and Mainsaver. The Fixed Asset Management Software Market is fragmented with the existence of well-known global and domestic players across the globe.
The market size for global fixed asset management (FAM) software is anticipated to reach USD 7 billion by 2028. The factors such as the rising need to reduce operational expenses and generate profits via efficient management of assets are responsible for the growth of the industry. On the other hand, preventive maintenance along with the Internet of Things (IoT) technology is likely to enhance the implementation of fixed asset management software, globally.
FAM software includes a set of processes by which businesses can store, organize, manage, and retrieve rights. It provides an advanced infrastructure to manage and preserve assets and also enables end-users to locate and identify assets from a set of database records. Every database record includes metadata elucidating the information about its content. The fixed asset management software helps to manage and create the databases and facilitates the organizations to store them in a simplified manner.
Key Segments of the Global Fixed Asset Management Software Market
Component Overview, 2018-2028 (USD Billion)
- Solutions
- Customer Management
- Inventory Management
- Mobile Field Execution
- Service Contract Management
- Warranty Management
- Workforce Management
- Others
- Services
- Implementation
- Training & Support
- Consulting & Advisory
Organization Size Overview, 2018-2028 (USD Billion)
- Small & Medium Enterprise
- Large Enterprise
Deployment Overview, 2018-2028 (USD Billion)
- On-premise
- Cloud
Application Overview, 2018-2028 (USD Billion)
- Energy & Utilities
- Healthcare
- Manufacturing
- IT & Telecom
- Transportation & Logistics
- Others
Regional Overview, 2018-2028 (USD Billion)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Africa
- South America
- Brazil
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global Fixed Asset Management Software Market. Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on the global Fixed Asset Management Software Market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the fixed asset management software industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on organization type, component, deployment, and application. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global Fixed Asset Management Software Market. The report will benefit:
- Every stakeholder is involved in the Fixed Asset Management Software Market.
- Managers within the Tech companies looking to publish recent and forecasted statistics about the global Fixed Asset Management Software Market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global Fixed Asset Management Software Market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Chapter 1 Introduction
1.1 Introduction to the Study
1.2 Market Definition and Scope
1.3 Units, Currency, Conversions and Years Considered
1.4 Key Stakeholders
1.5 Key Questions Answered
Chapter 2 Research Methodology
2.1 Introduction
2.2 Data Capture Sources
2.2.1 Primary Sources
2.2.2 Secondary Sources
2.3 Market Size Estimation
2.4 Market Forecast
2.5 Data Triangulation
2.6 Assumptions and Limitations
Chapter 3 Executive Summary
Chapter 4 Market Outlook
4.1 Introduction
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.1.1 Growing Need to Decrease Operational Expense and Maximize Profits through Effective Management of Assets
4.3.1.2 Growth Adoption of Digitalization and Automation in the Field Services Industry
4.3.2 Restraints
4.3.2.1 High Upfront Expense Act as a Hindrance for SMEs
4.3.3 Opportunities
4.5 PEST Analysis
4.6 COVID-19 Impact Analysis
Chapter 5 Fixed Asset Management Software Market by Component
5.1 Introduction
5.1.1 Software
5.1.2 Services
Chapter 6 Fixed Asset Management Software Market by Organization Size
6.1 Introduction
6.1.1 Small & Medium
6.1.2 Large Enterprise
Chapter 7 Fixed Asset Management Software Market by Deployment
7.1 Introduction
7.1.1 On-premise
7.1.2 Cloud
Chapter 8 Fixed Asset Management Software Market by Application
8.1 Introduction
8.1.1 Energy & Utilities
8.1.2 Healthcare
8.1.3 Manufacturing
8.1.4 IT & Telecom
8.1.5 Transportation & Logistics
8.1.6 Others
Chapter 9 Fixed Asset Management Software Market By Region
9.1 Introduction
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.3 Europe
9.3.1 Germany
9.3.2 France
9.3.3 UK
9.3.4 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Rest of Asia Pacific
9.5 Middle East & Africa
9.5.1 UAE
9.5.2 South Africa
9.5.3 Rest of Middle East & Africa
9.6 South America
9.6.1 Brazil
9.6.2 Rest of South America
Chapter 10 Competitive Landscape
10.1 Overview
10.2 Strategic Initiatives
10.2.1 Mergers & Acquisitions
10.2.2 New Product Launch
10.2.3 Investments
10.2.4 Expansion
10.2.5 Others
Chapter 11 Company Profiles
11.1 Acumatica
11.1.1 Overview
11.1.2 Products and Services Portfolio
11.1.3 Recent Initiatives
11.1.4 Company Financials
11.1.5 SWOT
11.2 Aptean
11.2.1 Overview
11.2.2 Products and Services Portfolio
11.2.3 Recent Initiatives
11.2.4 Company Financials
11.2.5 SWOT
11.3 IBM
11.3.1 Overview
11.3.2 Products and Services Portfolio
11.3.3 Recent Initiatives
11.3.4 Company Financials
11.3.5 SWOT
11.4 IFS
11.4.1 Overview
11.4.2 Products and Services Portfolio
11.4.3 Recent Initiatives
11.4.4 Company Financials
11.4.5 SWOT
11.5 Infor
11.5.1 Overview
11.5.2 Products and Services Portfolio
11.5.3 Recent Initiatives
11.5.4 Company Financials
11.5.5 SWOT
11.6 Maintenance Connection
11.6.1 Overview
11.6.2 Products and Services Portfolio
11.6.3 Recent Initiatives
11.6.4 Company Financials
11.6.5 SWOT
11.7 Microsoft
11.7.1 Overview
11.7.2 Products and Services Portfolio
11.7.3 Recent Initiatives
11.7.4 Company Financials
11.7.5 SWOT
11.8 Oracle
11.8.1 Overview
11.8.2 Products and Services Portfolio
11.8.3 Recent Initiatives
11.8.4 Company Financials
11.8.5 SWOT
11.9 Sage
11.9.1 Overview
11.9.2 Products and Services Portfolio
11.9.3 Recent Initiatives
11.9.4 Company Financials
11.9.5 SWOT
11.10 SAP
11.10.1 Overview
11.10.2 Products and Services Portfolio
11.10.3 Recent Initiatives
11.10.4 Company Financials
11.10.5 SWOT
11.11 Other Companies