Asset Management Market Size, Share & Trends Analysis Report By Asset Type (Digital Assets, In-transit Equipment), By Component (Solution, Service), By Application (Aviation AM, Hospital AM), By Function, And Segment Forecasts, 2023 - 2030

Asset Management Market Size, Share & Trends Analysis Report By Asset Type (Digital Assets, In-transit Equipment), By Component (Solution, Service), By Application (Aviation AM, Hospital AM), By Function, And Segment Forecasts, 2023 - 2030


Asset Management Market Growth & Trends


The global asset management market size is expected to reach USD 3,677.39 billion by 2030, registering a CAGR of 34.7% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc. The three key trends that will drive the industry growth are the increasingnumber of High-Net-WorthIndividuals (HNWIs), the government-incentivized shift to individual retirement plans, and the expansion of Sovereign Wealth Funds (SWFs). With increasing assets and associated costs, market vendors must maintain or increase their technology and data management investment to maximize distribution opportunities and comply with regulations and reporting. Other factors driving the industry include the need to reduce equipment downtime and ensure optimum utilization of the available resources.

The increased awareness about the benefits of IoT-based asset management solutions bodes well for market growth. Advances in the latest technologies, such as the Internet of Things (IoT), Artificial Intelligence (AI), and infrastructure automation, coupled with the continued integration of analytical and business intelligence tools in asset management solutions, are also expected to drive the industry. Asset management will take center stage as demographics and markets shift. Banks and insurers will be hampered by regulation because it will force them to abandon proprietary investing and other core businesses. Furthermore, with the growing geriatric population, retirement and healthcare will become significant challenges that only asset management can handle.

Asset managers will be in high demand as capital is raised to support growing urbanization and cross-border trade. Furthermore, asset managers will be at the forefront of SWFs’ efforts to diversify their vast pools of assets. The industry value will need to be communicated systematically and consistently.Integrating analytical solutions, such as predictive analytics, with asset management solutions is particularly helping organizations predict asset failures and subsequently decrease overall downtime costs. The adoption of asset management solutions is rising amid the growing concerns among enterprises about the appropriate maintenance of assets and reduction in overall operational costs.

Predictive asset management solutions can use non-intrusive testing approaches to determine asset performance patterns, minimize failure causes, save downtime, and lower replacement costs. Predictive analytics and maintenance solutions are simple to implement in various industries and verticals, including aerospace, manufacturing, healthcare, processing, and automotive. Industry players engage in technology partnerships and collaborations to develop advanced asset management solutions and roll out asset management services for their customers. For instance, in May 2021, Maikubo Artificial Intelligence (AI) Academy adopted the RFID solution offered by Zebra Technologies Corp. for efficient and accurate asset management and tagging of training equipment. The RFID solution has enhanced the efficiency of the staff while saving time and improving visibility.

Asset Management Market Report Highlights

  • The strategic asset management service segment is expected to witness significant growth owing to the involvement of development and planning in maintaining infrastructure assets
  • The in-transit asset segment is expected to grow at a considerable CAGR over the forecast period due to the growth in e-commerce activities across the globe
  • The support and maintenance segment is projected to exhibit a high CAGR as organizations benefit from support and maintenance activities because they help them improve the efficiency of their assets and, as a result, increase income generation
  • The aviation asset management segment is expected to grow at a noteworthy CAGR over the forecast period due to an increase in air passenger volume and the launch of new aircraft models
  • The growing demand for cloud-based asset management solutions from a large number of SMEs based in Asia Pacific, along with the rising middle-class population, higher life expectancies, investors’ gradual transfer from deposits to financial assets, and longer pension durations, has resulted in a need to manage valuable asset data
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Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
2.1 Market Snapshot
2.2 Component and Asset Type Snapshot
2.3 Function and Application Snapshot
2.4 Competitive Landscape Snapshot
Chapter 3 Asset Management Industry Outlook
3.1 Market Lineage Outlook
3.2 Asset Management - Value Chain Analysis
3.3 Asset Management Market - Market Dynamics
3.3.1 Market driver analysis
3.3.1.1 Optimum resource utilization requirements of resources
3.3.1.2 Risk associated with aging infrastructure
3.3.2 Market challenge analysis
3.3.2.1 High initial costs of asset management systems
3.4 Asset Management Market - Porter’s Five Forces Analysis
3.5 Asset Management Market - PESTEL Analysis
Chapter 4 Asset Management Component Outlook
4.1 Asset Management Market Share, By Component, 2022
4.2 Solution
4.2.1 Asset management solution market, 2018 - 2030
4.2.2 Real-Time Location System (RTLS)
4.2.2.1 Real-Time Location System (RTLS) in asset management market, 2018 - 2030
4.2.3 Barcode
4.2.3.1 Barcode in asset management market, 2018 - 2030
4.2.4 Mobile computer
4.2.4.1 Mobile computer in asset management market, 2018 - 2030
4.2.5 Labels
4.2.5.1 Labels in asset management market, 2018 - 2030
4.2.6 Global Positioning System (GPS)
4.2.6.1 Global Positioning System (GPS) in asset management market, 2018 - 2030
4.2.7 Others
4.2.7.1 Asset management market in other solutions, 2018 - 2030
4.3 Services
4.3.1 Asset management services market, 2018 - 2030
4.3.2 Strategic asset management
4.3.2.1 Strategic asset management market, 2018 - 2030
4.3.3 Operational asset management
4.4.3.1 Operational asset management market, 2018 - 2030
4.3.4 Tactical asset management
4.4.4.1 Tactical asset management market, 2018 - 2030
Chapter 5 Asset Management Asset Type Outlook
5.1 Asset Management Market Share, By Asset Type, 2022
5.2 Digital Assets
5.2.1 Digital asset management market, 2018 - 2030
5.3 Returnable Transport Assets
5.3.1 Returnable transport asset management market, 2018 - 2030
5.4 In-transit Assets
5.4.1 In-transit asset management market, 2018 - 2030
5.5 Manufacturing Assets
5.5.1 Manufacturing asset management market, 2018 - 2030
5.6 Personnel/Staff
5.6.1 Personnel/ staff asset management market, 2018 - 2030
Chapter 6 Asset Management Function Outlook
6.1 Asset Management Market, By Function, 2022
6.2 Location & Movement Tracking
6.2.1 Location & movement tracking asset management market, 2018 - 2030
6.3 Check In/Check Out
6.3.1 Check in/ check out asset management market, 2018 - 2030
6.3 Repair & Maintenance
6.3.1 Repair and maintenance asset management market, 2018 - 2030
6.4 Others
6.3.1 Other functions asset management market, 2018 - 2030
Chapter 7 Asset Management Application Outlook
7.1 Asset Management Market Share, By Application, 2022
7.2 Infrastructure Asset Management
7.2.1 Infrastructure asset management market, 2018 - 2030
7.2.2 Transportation
7.2.2.1 Transportation asset management market, 2018 - 2030
7.2.3 Energy infrastructure
7.2.3.1 Energy infrastructure asset management market, 2018 - 2030
7.2.4 Water & waste infrastructure
7.2.4.1 Water & waste infrastructure asset management market, 2018 - 2030
7.2.5 Critical infrastructure
7.2.5.1 Critical infrastructure asset management market, 2018 - 2030
7.2.6 Others
7.2.6.1 Asset management market in other applications, 2018 - 2030
7.3 Enterprise Asset Management
7.3.1 Enterprise asset management market, 2018 - 2030
7.4 Healthcare Asset Management
7.4.1 Healthcare asset management market, 2018 - 2030
7.5 Aviation Asset Management
7.5.1 Aviation asset management market, 2018 - 2030
7.6 Others
7.6.1 Asset management market in other applications, 2018 - 2030
Chapter 8 Asset Management Regional Outlook
8.1 Asset Management Market Share, by Region, 2022
8.2 North America
8.2.1 North America asset management market, 2018 - 2030
8.2.2 North America asset management market, by component, 2018 - 2030
8.2.2.1 North America asset management market by solution, 2018 - 2030
8.2.2.2 North America asset management market by services, 2018 - 2030
8.2.3 North America asset management market, by asset type, 2018 - 2030
8.2.4 North America asset management market, by function, 2018 - 2030
8.2.5 North America asset management market, by application, 2018 - 2030
8.2.5.1 North America infrastructure asset management market, 2018 - 2030
8.2.6 U.S.
8.2.6.1 U.S. asset management market, 2018 - 2030
8.2.6.2 U.S. asset management market, by component, 2018 - 2030
8.2.6.2.1 U.S. asset management market by solution, 2018 - 2030
8.2.6.2.2 U.S. asset management market by services, 2018 - 2030
8.2.6.3 U.S. asset management market, by asset type, 2018 - 2030
8.2.6.4 U.S. asset management market, by function, 2018 - 2030
8.2.6.5 U.S. asset management market, by application, 2018 - 2030
8.2.6.5.1 U.S. infrastructure asset management market, 2018 - 2030
8.2.7 Canada
8.2.7.1 Canada asset management market, 2018 - 2030
8.2.7.2 Canada asset management market, by component, 2018 - 2030
8.2.7.2.1 Canada asset management market by solution, 2018 - 2030
8.2.7.2.2 Canada asset management market by services, 2018 - 2030
8.2.7.3 Canada asset management market, by asset type, 2018 - 2030
8.2.7.4 Canada asset management market, by function, 2018 - 2030
8.2.7.5 Canada asset management market, by application, 2018 - 2030
8.2.7.5.1 Canada infrastructure asset management market, 2018 - 2030
8.3 Europe
8.3.1 Europe asset management market, 2018 - 2030
8.3.2 Europe asset management market, by component, 2018 - 2030
8.3.2.1 Europe asset management market by solution, 2018 - 2030
8.3.2.2 Europe asset management market by services, 2018 - 2030
8.3.3 Europe asset management market, by asset type, 2018 - 2030
8.3.4 Europe asset management market, by function, 2018 - 2030
8.3.5 Europe asset management market, by application, 2018 - 2030
8.3.5.1 Europe infrastructure asset management market, 2018 - 2030
8.3.6 U.K.
8.3.6.1 U.K. asset management market, 2018 - 2030
8.3.6.2 U.K. asset management market, by component, 2018 - 2030
8.3.6.2.1 U.K. asset management market by solution, 2018 - 2030
8.3.6.2.2 U.K. asset management market by services, 2018 - 2030
8.3.6.3 U.K. asset management market, by asset type, 2018 - 2030
8.3.6.4 U.K. asset management market, by function, 2018 - 2030
8.3.6.5 U.K. asset management market, by application, 2018 - 2030
8.3.6.5.1 U.K. infrastructure asset management market, 2018 - 2030
8.3.7 Germany
8.3.7.1 Germany asset management market, 2018 - 2030
8.3.7.2 Germany asset management market, by component, 2018 - 2030
8.3.7.2.1 Germany asset management market by solution, 2018 - 2030
8.3.7.2.2 Germany asset management market by services, 2018 - 2030
8.3.7.3 Germany asset management market, by asset type, 2018 - 2030
8.3.7.4 Germany asset management market, by function, 2018 - 2030
8.3.7.5 Germany asset management market, by application, 2018 - 2030
8.3.7.5.1 Germany infrastructure asset management market, 2018 - 2030
8.4 Asia Pacific
8.4.1 Asia Pacific asset management market, 2018 - 2030
8.4.2 Asia Pacific asset management market, by component, 2018 - 2030
8.4.2.1 Asia Pacific asset management market by solution, 2018 - 2030
8.4.2.2 Asia Pacific asset management market by services, 2018 - 2030
8.4.3 Asia Pacific asset management market, by asset type, 2018 - 2030
8.4.4 Asia Pacific asset management market, by function, 2018 - 2030
8.4.5 Asia Pacific asset management market, by application, 2018 - 2030
8.4.5.1 Asia Pacific infrastructure asset management market, 2018 - 2030
8.4.6 China
8.4.6.1 China asset management market, 2018 - 2030
8.4.6.2 China asset management market, by component, 2018 - 2030
8.4.6.2.1 China asset management market by solution, 2018 - 2030
8.4.6.2.2 China asset management market by services, 2018 - 2030
8.4.6.3 China asset management market, by asset type, 2018 - 2030
8.4.6.4 China asset management market, by function, 2018 - 2030
8.4.6.5 China asset management market, by application, 2018 - 2030
8.4.6.5.1 China infrastructure asset management market, 2018 - 2030
8.4.7 India
8.4.7.1 India asset management market, 2018 - 2030
8.4.7.2 India asset management market, by component, 2018 - 2030
8.4.7.2.1 India asset management market by solution, 2018 - 2030
8.4.7.2.2 India asset management market by services, 2018 - 2030
8.4.7.3 India asset management market, by asset type, 2018 - 2030
8.4.7.4 India asset management market, by function, 2018 - 2030
8.4.7.5 India asset management market, by application, 2018 - 2030
8.4.7.5.1 India infrastructure asset management market, 2018 - 2030
8.4.8 Japan
8.4.8.1 Japan asset management market, 2018 - 2030
8.4.8.2 Japan asset management market, by component, 2018 - 2030
8.4.8.2.1 Japan asset management market by solution, 2018 - 2030
8.4.8.2.2 Japan asset management market by services, 2018 - 2030
8.4.8.3 Japan asset management market, by asset type, 2018 - 2030
8.4.8.4 Japan asset management market, by function, 2018 - 2030
8.4.8.5 Japan asset management market, by application, 2018 - 2030
8.4.8.5.1 Japan infrastructure asset management market, 2018 - 2030
8.5 Latin America
8.5.1 Latin America asset management market, 2018 - 2030
8.5.2 Latin America asset management market, by component, 2018 - 2030
8.5.2.1 Latin America asset management market by solution, 2018 - 2030
8.5.2.2 Latin America asset management market by services, 2018 - 2030
8.5.3 Latin America asset management market, by asset type, 2018 - 2030
8.5.4 Latin America asset management market, by function, 2018 - 2030
8.5.5 Latin America asset management market, by application, 2018 - 2030
8.5.5.1 Latin America infrastructure asset management market, 2018 - 2030
8.5.6 Brazil
8.5.6.1 Brazil asset management market, 2018 - 2030
8.5.6.2 Brazil asset management market, by component, 2018 - 2030
8.5.6.2.1 Brazil asset management market by solution, 2018 - 2030
8.5.6.2.2 Brazil asset management market by services, 2018 - 2030
8.5.6.3 Brazil asset management market, by asset type, 2018 - 2030
8.5.6.4 Brazil asset management market, by function, 2018 - 2030
8.5.6.5 Brazil asset management market, by application, 2018 - 2030
8.5.6.5.1 Brazil infrastructure asset management market, 2018 - 2030
8.6 MEA
8.6.1 MEA asset management market, 2018 - 2030
8.6.2 MEA asset management market, by component, 2018 - 2030
8.6.2.1 MEA asset management market by solution, 2018 - 2030
8.6.2.2 MEA asset management market by services, 2018 - 2030
8.6.3 MEA asset management market, by asset type, 2018 - 2030
8.6.4 MEA asset management market, by function, 2018 - 2030
8.6.5 MEA asset management market, by application, 2018 - 2030
8.6.5.1 MEA infrastructure asset management market, 2018 - 2030
Chapter 9 Competitive Landscape
9.1 Company Categorization
9.2 Strategy Mapping
9.3 Company Ranking Analysis, 2022
9.4 Company Profiles (Overview, Financial Performance, Product Benchmarking)
9.4.1 ABB Inc.
9.4.2 Adobe Systems Incorporated
9.4.3 Brookfield Asset Management Inc.
9.4.4 Honeywell International Inc.
9.4.5 IBM Corporation
9.4.6 Oracle Corporation
9.4.7 Rockwell Automation, Inc.
9.4.8 Siemens AG
9.4.9 WSP Global Inc.
9.4.10 Zebra Technologies Corporation

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