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Global Asset Management System Market By Asset Type (Manufacturing Assets, Electronic Assets, Others), By Solutions (RFID, RTLS, Others), By End-Users (Retail, Healthcare, Others), By Region, Forecast & Opportunities to 2026

The global asset management system market accounted for a value of USD 14.2 billion in 2019 and is projected to register growth at a CAGR of 8.7% during forecast period.

COVID-19 has impacted the asset management system market. The outbreak of corona virus has adversely disrupted functioning of various industries and dynamics of industries are changing drastically around the globe. The supply chain got disrupted due travel restriction and lockdown. The industries are facing cash flow issues and manufacturing of products have to halt. This results in decrease in demand for asset management system significantly due to COVID-19.

Definition:

Asset management system can be defined as a process used by any organization or company to keep track of assets such inventory, vehicles, investment and equipment etc which is important for daily operation for their business. It helps in streamline operations of company’s business.

Market Dynamics (Drivers/Opportunities):

The asset management system helps in streamline operations and enables optimum utilization of resources by organizations and thus, enable cost-saving for organizations. The use of asset management system also helps in reducing inventory and stock management cost. This increases adoption of asset management system by large number of organizations around the world and drives growth in asset management system market during forecast period.

The use of asset management system helps organization in utilizing their existing equipments efficiently through tracking and managing assets in real-time. The personal tracking solution is helpful in ensuring efficiency and safety which further reduces cost. This increases growth in asset management system market during forecast period.

The asset tracking of equipment and personnel is critical in healthcare sector but it is important for improving patient care. The use of asset management system in healthcare sector provides high return on investment and optimized resource utilization. This drives growth in asset management system market during forecast period.

Market Insights, by Asset Type

On the basis of asset type, the asset management system market is segmented into personnel/staff, manufacturing assets, electronic assets, in-transit equipment and returnable transport assets. The in-transit equipment asset type segment is estimated to register growth at highest CAGR during forecast period. The importance of in-transit equipment is increasing immensely in the value chain and it also helps in improving overall business performance of a company. This increases demand for in-transit equipment and drives growth in this segment during forecast period.

Market Insights, by Solutions

On the basis of solutions, the asset management system market is segmented into radio frequency identification (RFID), real-time location system (RTLS), barcode and global positioning system (GPS). The GPS solution segment is estimated to register growth at highest CAGR during forecast period. GPS helps in reducing business’s operational cost and increases the profitability. GPS solution helps in route optimizing for fleet vehicles and it also decrease response time of fleet vehicles along with reduced fuel cost. The GPS provides higher efficient and reduces losses. The various advantages offered by GPS increase its adoption and drives growth in this segment during forecast period.

Regional Insights

Asia-Pacific region is estimated to grow at highest CAGR during forecast period. Various countries in this region such as India and China are experiencing increased demand for asset management system. The establishment of various industries is increasing in this region and this increases the demand and adoption for asset management system in this region. This drives growth in Asia-Pacific region during forecast period.

Key Companies & Market Share Insights

The key market players in asset management system market are Zebra Technologies Corporation, Honeywell International, Trimble Inc., Topcon Corporation, TOMTOM International, Stainley Black & Decker, Sato Holdings Corporation, IQGEO Group, Datalogic SPA, Mojix Inc., Alien Technology, Airista Flow, Vizinex RFID, Centrak, NCR Corporation, Advantech and Pepperl Fuchs

Segments Covered in the Report

This report forecasts The Global Asset Management System Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global asset management system market report on the basis of asset type, solutions and end-users.

Asset Management System Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Asset Management System Market, By Asset Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Personnel/Staff
  • Manufacturing Assets
  • Electronic Assets
  • In-Transit Equipment
  • Returnable Transport Assets
  1. Asset Management System Market, By Solution, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Radio Frequency Identification (RFID)
  • Real-Time Location System (RTLS)
  • Barcode
  • Global Positioning System (GPS)
  1. Asset Management System Market, By End-Users, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Retail
  • Healthcare
  • Transportation & Logistics
  • Hospitality
  • Industrial Manufacturing
  • Process Industry
  • Others
  1. Asset Management System Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Asset Type
    • By Solution
    • By End-Users
    • By Country
      • USA
        • By End-Users
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Asset Type
      • By Solution
      • By End-Users
      • By Country
        • Brazil
          • By End-Users
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Asset Type
        • By Solution
        • By End-Users
        • By Country
          • UK
            • By End-Users
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Asset Type
          • By Solution
          • By End-Users
          • By Country
            • China
              • By End-Users
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Asset Type
            • By Solution
            • By End-Users
            • By Country
              • Saudi Arabia
                • By End-Users
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Pepperl Fuchs
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Zebra Technologies Corporation
    • Honeywell International
    • Trimble Inc.
    • Topcon Corporation
    • TOMTOM International
    • Stainley Black & Decker
    • Sato Holdings Corporation
    • IQGEO Group
    • Datalogic SPA
    • Mojix Inc.
    • Alien Technology
    • Airista Flow
    • Vizinex RFID
    • Centrak
    • NCR Corporation
    • Advantech
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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