Fixed Asset Management Software Market

Fixed Asset Management Software Market size is expected to grow $5.2 billion by 2024
MarketsandMarkets forecasts the Fixed Asset Management Software Market 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. Preventive
maintenance and IoT technology to boost adoption of fixed asset management software, and growing need to
reduce operational cost and increase profits through efficient management of assets have facilitated the growth of
fixed asset management software around the world.
The fixed asset management software providers offer assistance to their clients through an extensive set of services
to deploy platform as per the client’s requirement. Services play a crucial role in helping organizations across
industries take full advantage of fixed asset management software. Vendors are offering customized services
tailored as per the unique needs of enterprises to manage their assets. Fixed asset management services are
categorized into consulting & implementation and training & support services. The efficient delivery of services
improve fixed asset management system reliability, increase operational efficiency, and help organizations reduce
operating costs. Moreover, services offered by vendors streamline asset management processes by monitoring and
automating services requests to ensure they are resolved within commitments.
Ask For The PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=208281224
Large enterprises are witnessing an increasing need to deploy a comprehensive fixed asset management software
to manage their large number of assets spread across geographies efficiently. The adoption of fixed asset
management software in large enterprises is high as compared to SMEs. The high adoption is due to the affordability
and large economies of scale of large enterprises that enable organizations to leverage the fixed asset management
software. In today’s highly competitive world, large enterprises, in particular, leave no stone unturned to capture a
higher market share. Hence, large enterprises spend significant amounts on becoming technologically proficient.
Large enterprises spend significantly on their assets to enhance their business operations to remain competitive in
the global market. This, in turn, requires them to have centralized fixed asset management software solution for
managing and tracking their fixed assets efficiently. Furthermore, large enterprises spend heavily on software
workshops, training, and education to empower their employees with the capability to leverage technological
advancements
In terms of regions, the global fixed asset management software market has been segmented into five regions,
namely, North America, Asia Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America. APAC is
expected to witness a strong growth owing to the increasing demand for software-based asset management
solutions in the APAC region. The region includes major economies, such as China, Japan, Australia, and New Zealand,
which are making consistent improvements in their operational management process.

Speak to Our Expert Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=208281224
The major vendors in the fixed asset management software market are 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), and Mainsaver (US). These players
have adopted various growth strategies, including partnerships, agreements, collaborations, and new product
launches, to further expand their presence in the global fixed asset management software market. Of these, new
product launches, partnerships, agreements, and acquisitions have been the most favored strategies adopted by
major players from 2016 to 2019, which helped them offer innovative products and broaden their customer base.
About MarketsandMarkets
MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which
will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including
80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide
approach MarketsandMarkets for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the
"Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new
opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of
incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500
MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually
in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies
this year for their revenue planning and help them take their innovations/disruptions early to the market by
providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects
over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market
sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com