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Global Asset Management Market Size, Share, Growth, Report: By Component: Solution, Service; By Asset Type: Digital Assets, Returnable Transport Assets, In-transit Assets, Manufacturing Assets, Personnel/ Staff; By Function: Location and Movement Tracking, Others; By Application; Regional Analysis; Competitive Landscape; 2024-2032
Global Asset Management Market Outlook
The global asset management market size reached approximately USD 421.22 billion in 2023. The market is projected to grow at a CAGR of 12.5% between 2024 and 2032, reaching a value of around USD 1215.86 billion by 2032.
Key Trends in the Market
Asset management is a systematic approach that involves development, operation, maintenance, upgradation, and disposal of organisation or client’s assets in the most effective way. The management is done with the aim to enhance monetary gains while mitigating risks.
- The increasing awareness about the various advantages associated with the utilisation of asset management solutions and services is driving their adoption. These advantages include streamlining of operations and optimum utilisation of existing resources. Furthermore, these solutions help enhance profit and improve the return on investment, along with helping enterprises save costs.
- The rising integration of asset management software with other hospital systems is adding to the asset management market demand across the globe. These solutions are increasingly used to track personnel and equipment data to maximise efficiency and ultimately improve patient care, enhancing the relationship between management and patients.
- The cloud-based asset management solutions help create a centralised asset repository, enabling easy access to asset information, documentation, and maintenance history. Adoption of cloud asset management is a significant market trend and has gained popularity owing to its ability to promote transparency by offering improved control to users over all the assets and infrastructure within the cloud environment.
Asset Management Market Segmentation
Based on component, the market is bifurcated into solution and service. On the basis of asset type, the market is divided into digital assets, returnable transport assets, in-transit assets, manufacturing assets, and personnel/staff. Based on function, the market segmentation includes location and movement tracking, check in/check out, and repair and maintenance, among others.
By application, the market is segregated into infrastructural asset management, enterprise asset management, healthcare asset management, and aviation asset management, among others. The major regional markets for asset management are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global asset management market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Honeywell International Inc.
- IBM Corporation
- Siemens AG
- Rockwell Automation, Inc.
- Oracle Corporation
- Brookfield Corp.
- Zebra Technologies Corp.
- SAP SE
- ABB Ltd
- WSP Global Inc.
- Others
Market Share by Component
Services are anticipated to account for a significant asset management market share over the forecast period owing to the rising adoption of operational and strategic plans by various organisations across the globe. The intended usage of these services includes assisting organisations by ensuring that all their functions are working together to attain the desired objectives.
Market Share by Asset Type
Digital assets hold a significant share of the market as these solutions and services are being increasingly adopted by businesses around the globe to lower the overall operating expenses and standardise company operations, supporting the asset management market growth. Increasing volume and densities of digital assets in companies is anticipated to be another major factor that will boost the demand for digital solutions for asset management.
In-transit assets are expected to witness significant growth over the forecast period owing to the increasing e-commerce activities worldwide. These solutions will allow the e-commerce sector to track and identify the items supplied by the seller while they are in-transit. With growing digitalisation and rising population, the demand for in-transit solutions is further expected to surge.
Competitive Landscape
Honeywell International Inc., headquartered in North Carolina, United States, is a publicly traded multinational company that was founded in 1906. It primarily operates in four areas of business, including performance materials and technologies, aerospace, safety and productivity solutions, and building technologies.
IBM Corporation, founded in 1911, is a multinational technology company that is headquartered in New York, United States. The technology corporation is widely known for its software and hardware products comprising of networking equipment, computer, storage systems, and servers.
Siemens AG is an automation company that was founded in 1847 and is headquartered in Munich, Germany. The multinational technology company deals with digitalisation and automation in the manufacturing sector and provides rail transport solutions as well as digital healthcare services.
Other asset management market players include Rockwell Automation, Inc., Oracle Corporation, Brookfield Corp., Zebra Technologies Corp., SAP SE, ABB Ltd, and WSP Global Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
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| Breakup by Asset Type |
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| Breakup by Function |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Asset Management Market Analysis
8.1 Key Industry Highlights
8.2 Global Asset Management Historical Market (2018-2023)
8.3 Global Asset Management Market Forecast (2024-2032)
8.4 Global Asset Management Market by Component
8.4.1 Solution
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Service
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Asset Management Market by Asset Type
8.5.1 Digital Assets
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Returnable Transport Assets
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 In-transit Assets
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Manufacturing Assets
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Personnel/ Staff
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.6 Global Asset Management Market by Function
8.6.1 Location and Movement Tracking
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Check In/ Check Out
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Repair and Maintenance
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Asset Management Market by Application
8.7.1 Infrastructure Asset Management
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Enterprise Asset Management
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Healthcare Asset Management
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Aviation Asset Management
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Others
8.8 Global Asset Management Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Asset Management Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Asset Management Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Asset Management Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Asset Management Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Asset Management Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Honeywell International Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 IBM Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Siemens AG
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Rockwell Automation, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Oracle Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Brookfield Corp.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Zebra Technologies Corp.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 SAP SE
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 ABB Ltd
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 WSP Global Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Asset Management Market: Key Industry Highlights, 2018 and 2032
2. Global Asset Management Historical Market: Breakup by Component (USD Billion), 2018-2023
3. Global Asset Management Market Forecast: Breakup by Component (USD Billion), 2024-2032
4. Global Asset Management Historical Market: Breakup by Asset Type (USD Billion), 2018-2023
5. Global Asset Management Market Forecast: Breakup by Asset Type (USD Billion), 2024-2032
6. Global Asset Management Historical Market: Breakup by Function (USD Billion), 2018-2023
7. Global Asset Management Market Forecast: Breakup by Function (USD Billion), 2024-2032
8. Global Asset Management Historical Market: Breakup by Application (USD Billion), 2018-2023
9. Global Asset Management Market Forecast: Breakup by Application (USD Billion), 2024-2032
10. Global Asset Management Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Asset Management Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Asset Management Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Asset Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Asset Management Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Asset Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Asset Management Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Asset Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Asset Management Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Asset Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Asset Management Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Asset Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Asset Management Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 421.22 billion.
The market is projected to grow at a CAGR of 12.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 1215.86 billion by 2032.
The market is driven by rising investment by companies towards technological development, growing digitalisation, and rapid urbanisation.
The major asset management market trends include the ability of the solutions and services to streamline operations and optimise the utilisation of existing resources, rising applications in the healthcare sector, and adoption of cloud asset management.
The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant components in the market include solutions and services.
The key players in the market include Honeywell International Inc., IBM Corporation, Siemens AG, Rockwell Automation, Inc., Oracle Corporation, Brookfield Corp., Zebra Technologies Corp., SAP SE, ABB Ltd, and WSP Global Inc., among others.
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