Dublin, May 09, 2023 (GLOBE NEWSWIRE) -- The "Fixed Asset Management Software Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The global fixed asset management software market is expected to grow from $3.41 billion in 2022 to $3.83 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The fixed asset management software market is expected to grow to $5.87 billion in 2027 at a CAGR of 11.2%.
The increasing demand for fixed assets over multiple verticals is expected to propel the demand for fixed asset management software going forward. Fixed assets are assets that are used in corporate operations and generate a long-term financial advantage. The company utilizes fixed assets to manufacture goods and services and generate money. They are not sold to customers or held as an investment.
Due to such benefits of investing into fixed assets, businesses use fixed asset management software to monitor equipment and vehicles, evaluate their condition, keep them in good operating order, reduce lost inventory, equipment failures, and downtime, and increase the asset's lifetime value. For instance, In July 2022, according to a report published by Government of china, from January to June, national fixed asset investment (excluding rural households) totaled 27,143 billion yuan, a 6.1% rise year on year.
Additionally, the private fixed asset investment was 15,307.4 billion yuan, a 3.5% rise year on year. Therefore, an increasing investment and demand for fixed assets over multiple verticals will drive the fixed asset management software market.
Technological advancements are the key trend gaining popularity in the fixed asset management software market. The advanced fixed asset management software includes IT asset lifecycle programmes that generate accurate and actionable data to assist IT asset managers in making sound decisions. Major companies operating in the fixed asset management software market are focused of innovating new technologies to sustain their position in the market.
For instance, in March 2022,Aptean, a US-based provider of fixed asset management software, launched the Aptean EAM, a new cloud-based enterprise asset management solution including CMMS for manufacturers. Aptean EAM's extensive features, which include advanced analytics, simplify intelligent preventative maintenance.
In order to manage work orders, automate approvals, maintain spare parts inventories, schedule preventative maintenance, assign appropriately skilled workers, and conduct mobile compliance inspections, Aptean EAM elevates asset maintenance and management tasks through a single platform. It is intended to satisfy the maintenance management requirements of companies whose operations are powered by equipment.
In July 2020, Atlassian, an Australia-based company that develops products for software developers, project managers, and other software development teams, acquired Mindville for an undisclosed amount. With the acquisition, Atlassian expands its service offering into asset management tools. Mindville is a Sweden-based company that builds insight software suites and apps for asset management.
Asia-Pacific was the largest region in the fixed asset management software market in 2022 and is expected to be the fastest-growing region in the forecast period. The regions covered in the fixed asset management software report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the fixed asset management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Scope
Markets Covered:
1) By Component: Software; Services
2) By Deployment Type: On-Premises; Cloud
3) By Organization Size: Large enterprises; Small & medium-sized enterprises
4) By End Users: Energy and utilities; Manufacturing; IT, Telecom and media; Transportation and logistics; Healthcare and life science; Others end users (BFSI, retail, and government)
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $3.83 billion |
| Forecasted Market Value (USD) by 2027 | $5.87 billion |
| Compound Annual Growth Rate | 11.3% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Fixed Asset Management Software Market Characteristics
3. Fixed Asset Management Software Market Trends And Strategies
4. Fixed Asset Management Software Market - Macro Economic Scenario
5. Fixed Asset Management Software Market Size And Growth
6. Fixed Asset Management Software Market Segmentation
7. Fixed Asset Management Software Market Regional And Country Analysis
8. Asia-Pacific Fixed Asset Management Software Market
9. China Fixed Asset Management Software Market
10. India Fixed Asset Management Software Market
11. Japan Fixed Asset Management Software Market
12. Australia Fixed Asset Management Software Market
13. Indonesia Fixed Asset Management Software Market
14. South Korea Fixed Asset Management Software Market
15. Western Europe Fixed Asset Management Software Market
16. UK Fixed Asset Management Software Market
17. Germany Fixed Asset Management Software Market
18. France Fixed Asset Management Software Market
19. Eastern Europe Fixed Asset Management Software Market
20. Russia Fixed Asset Management Software Market
21. North America Fixed Asset Management Software Market
22. USA Fixed Asset Management Software Market
23. South America Fixed Asset Management Software Market
24. Brazil Fixed Asset Management Software Market
25. Middle East Fixed Asset Management Software Market
26. Africa Fixed Asset Management Software Market
27. Fixed Asset Management Software Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Fixed Asset Management Software Market
29. Fixed Asset Management Software Market Future Outlook and Potential Analysis
30. Appendix
A selection of companies mentioned in this report includes
- International Business Machines Corporation
- Infor
- Tracet
- Microsoft Corporation
- Oracle
- Sage
- Aptean
- Aveva
- SAP SE
- Ramco Systems
- Xero Limited
- FMIS Ltd.
- AssetWorks LLC
- RCS Tech LLP
- InfoFort
- Asset Panda
For more information about this report visit https://www.researchandmarkets.com/r/8g0jp4
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