According to Market Study Report, Asset Management System Market provides a comprehensive analysis of the Asset Management System Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry.
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The Asset Management System Market is projected to grow from USD 16.8 Billion in 2020 to USD 27.4 Billion by 2025; it is expected to grow at a CAGR of 10.3% from 2020 to 2025.
Top Companies Profiled in the Asset Management System Market:
- Zebra Technologies Corp. (US)
- Stanley Black and Decker Inc. (US)
- Sato Holdings Corp. (Japan)
- Impinj Inc. (US)
- Honeywell International Inc. (US)
- Datalogic S.p.A (Italy)
- Trimble Inc. (US)
- TomTom International BV (Netherlands)
- Topcon Corp. (Japan).
- NCR Corp. (US)
- Cognex Corp. (US)
- Fleetmatics LLC (US)
- Teletrac Navman Group (US)
The in-transit equipment segment of the market is projected to grow at the highest CAGR during the forecast period owing to the increased importance of these equipment in the value chain and their impact on the overall business performance of organizations. The in-transit goods are transported through buses, light rails, heavy rails, para-transit rolling stocks, ferryboats, etc.
The growth of this segment can be attributed to the efficiency-related benefits offered by GPS that assist businesses in reducing their operational costs and increasing their profitability. In fleet management, GPS solutions help in optimizing the route of fleet vehicles, decrease the response time of fleet vehicles for improved customer service, reduce the fuel costs, improve the safety of fleet vehicles, and minimize the business losses caused by thefts.
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Breakdown of primary participants’ profile:
- By Company Type – Tier 1 – 35%, Tier 2 – 30%, and Tier 3 – 35%
- By Designation – C-level – 50%, Director-level – 30%, and Manager-level – 20%
- By Region – North America – 38%, Europe – 25%, APAC – 30%, and RoW – 7%