Global Fixed Asset Management Software Market by Growth, Trends, Key Manufacturers Analysis by 2024

Global Fixed Asset Management Software Market by Growth, Trends, Key Manufacturers Analysis by 2024

ReportsnReports offers a latest published report on “Fixed Asset Management Software Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 120 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. An exclusive data offered in this report is collected by research and industry experts team.

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The Global Fixed Asset Management Software Market size is expected to grow from USD 3 Billion in 2019 to USD 5.2 Billion by 2024, at a Compound Annual Growth Rate (CAGR) of 11.8% during the forecast period. This report spread across 120 pages, profiling 16 companies and supported with 55 tables and 29 figures is now available in this research.

Top Key Players:

IBM (US)

Infor (US)

SAP (Germany)

Microsoft (US)

Oracle (US)

Sage (UK)

Acumatica (US)

Aptean (UK)

Maintenance Connection (US)

IFS (Sweden)

eMaint (US)

Aveva (UK)

Ramco Systems (India)

ABB (Switzerland)

Tracet (India)

Mainsaver (US)

The fixed asset management software empowers organizations with a centralized platform to efficiently manage their assets throughout its life cycle. The software empowers organizations with various capabilities, including asset life cycle management, asset budgeting, depreciation management, disposal management, document management, barcoding/Radio Frequency Identification (RFID), asset tracking, audit trail, and tax management. Organizations across industries are adopting fixed asset management software, as it enables them to monitor their assets and increase operational efficiency.

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Nowadays, organizations are looking forward to having their solutions deployed on the cloud, as cloud deployment type offers various advantages, such as scalability, flexibility in capacity, enhanced collaboration, and cost-efficiency. The implementation of the cloud-based fixed asset management software facilitates SMEs and large enterprises to focus on their core competencies, rather than IT processes. With the help of the cloud-based fixed asset management software, organizations can avoid costs related to software, storage, and technical staff.

North America is the most mature market in terms of fixed asset management software adoption. North America is likely to account for a substantial share of the global fixed asset management software market during the forecast period. The market growth in this region is driven primarily by the presence of large IT companies/users and rapid technological advancements, such as digitalization in the US and Canada. The presence of key players in fixed asset management in the region is expected to be a significant factor driving the market growth in North America.

Report Highlights:

  • To forecast the market size of the segments with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America
  • To define, describe, and forecast the fixed asset management software market by component, organization size, deployment type, vertical, and region
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the market growth
  • To analyze the opportunities in the market and provide details of the competitive landscape for stakeholders and market leaders
  • To profile the key players and comprehensively analyze their market rankings and core competencies2
  • To analyze competitive developments, such as new partnerships, new contracts, and new product developments, in the fixed asset management software market

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