Asset Management Market Size - By Component (Solution, Services), By Asset Type (Digital Assets, Returnable Transport Assets, In-transit Assets, Manufacturing Assets, Personnel/ Staff), By Function (Location & Movement Tracking, Check In/ Check Out, Repair & Maintenance), By Application & Forecast, 2023 - 2032

Published Date: March - 2025 | Publisher: MIR | No of Pages: 240 | Industry: Media and IT | Format: Report available in PDF / Excel Format

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Asset Management Market Size - By Component (Solution, Services), By Asset Type (Digital Assets, Returnable Transport Assets, In-transit Assets, Manufacturing Assets, Personnel/ Staff), By Function (Location & Movement Tracking, Check In/ Check Out, Repair & Maintenance), By Application & Forecast, 2023 - 2032

Asset Management Market Size

Asset Management Market was worth USD 371.2 billion in 2022 and is expected to register approximately 34% CAGR from 2023 to 2032 owing to the aging infrastructure in various economies. As reported by the American Society of Civil Engineers, the poor condition of U.S. roads has led to 43% of public roads being in poor or mediocre condition, a figure that has changed little over the past few years. There are 30,000 miles of inventoried levees and another 10,000 miles of levees whose location and condition are not documented in the United States.

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Degraded roads, bridges, utilities, and public buildings need systematic evaluation, maintenance, and repair. Asset management solutions offer a strategic plan for effectively managing these aging structures, maximizing their lifespans, and optimizing resources. As organizations and governments look for cost-saving measures to guarantee infrastructure reliability and safety, asset management services will have an upward growth.

 

Asset Management Market Report Attributes
Report Attribute Details
Base Year 2022
Asset Management Market Size in 2022 USD 371.2 Billion
Forecast Period 2023 to 2032
Forecast Period 2023 to 2032 CAGR 34%
2032 Value Projection USD 6.68 Trillion
Historical Data for 2018 to 2022
No. of Pages 300
Tables, Charts & Figures 379
Segments covered Component, Asset Type, Function, Application
Growth Drivers
  • Optimum resource utilization requirements of resources
  • Risk associated with aging infrastructure
  • Growing need for asset tracking
  • Increasing adoption of cloud-based IT asset management solutions
Pitfalls & Challenges
  • High initial cost of asset management system
  • Lack of awareness & understanding among SMEs

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However, concerns about data privacy and security may deter adoption, particularly in the healthcare and IT sectors. Besides, resistance within organizations to adopt new technologies or practices can slow down asset management implementation across several end-use verticals, thus limiting market growth.

COVID-19 Impact
The COVID-19 pandemic had a profound effect on the demand for asset management across industries. It revealed weaknesses in infrastructure, IT, real estate, and healthcare infrastructure, which emphasized the importance of robust asset management. Economic instability and budget limitations drove organizations to adopt cost-efficient, data-driven approaches, which boosted the adoption of asset management solutions for resource optimization, increased readiness, and business continuity in the event of unforeseen disruptions.

Asset Management Market Trends
The growing use of Blockchain technology for asset tracking will make the asset management sector more robust. Blockchain technology is being researched for its potential to offer a secure and transparent record book for asset tracking and management, especially in real estate and healthcare, where data integrity and provenance are paramount. Being one of the major real estate investment trust (REIT) managers, MAM has a considerable portfolio with ¥508.8 billion (which is equivalent to $3.7 billion) assets under management. The development is a move by MAM to diversify its sources of funding. Also, the implementation of digital twin technology, whereby organizations can simulate virtual versions of physical assets, will help contribute to the asset management industry expansion.

Companies worldwide are placing their emphasis on optimum utilization and utilization performance of their physical assets such as machinery, equipment, vehicles, and infrastructure. Enterprise asset management (EAM) optimizes asset utilization and reduces downtime. Moreover, several sectors are under stringent regulatory directives, and EAM systems aid in guaranteeing that assets are in compliance with regulatory standards, lowering the potential for penalties and legal action.

Asset Management Market Analysis
Find out more about the major segments defining this market

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By component, the solution segment accounted for a market share of approximately 55% in 2022. Asset management solutions optimize the allocation of resources, minimizing costs while maximizing efficiency. Compliance demands thorough tracking and maintenance. Moreover, advancements in technology, including IoT and AI, allow for real-time monitoring and predictive maintenance will enhance industry dynamics. Apart from that, asset management solutions help in providing improved services and maintaining environmental and safety compliance, thus becoming an integral part of contemporary business processes.

Discover more about the most important segments defining this market

By asset category, the segment of digital assets accounted for about 25% of the market share of asset management in 2022. It is fueled by the demand for centralized, simplified control of assets in several industries, ranging from infrastructure to IT, real estate, and healthcare. Within such sectors, effective structuring, access, and security of data are crucial. Compliance with regulations, accelerated data growth, and work-from-home trends also fuel the demand. In addition, the capacity to utilize data for data-driven decision-making, workflow automation, and collaboration improves the uptake of digital asset management software since it enables companies to achieve maximum efficiency and competitiveness in the digital economy. 

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North America held around 35% of the asset management market share during 2022. A vibrant and diversified finance market and investment culture with long-term horizons have drawn vast amounts of money. In January 2023, Bahrain-based GFH Financial Group acquired a majority stake in Big Sky Asset Management, which is a United States-based asset management company dedicated to healthcare properties. This is following GFH's earlier acquisition of SQ Asset Management in May 2022. The firm has over 20 years of history of investing in and managing healthcare assets in the United States, with a total transaction value of over $2 billion and a portfolio of 130 medical facilities.

Major players operating in the asset management industry are

The major companies operating in the global industry are expanding the capabilities of their solutions by integrating various emerging technologies, such as machine learning, AI, and others. Also, the companies are adopting various growth strategies, including new product launches, strategic partnerships & collaborations, and mergers & acquisitions, to strengthen their product portfolios.

Asset Management Industry News

  • In April 2023, Siemens Digital Industries Software and IBM unveiled plans to enhance their software collaboration by creating a comprehensive suite of integrated tools aimed at tackling system engineering across multiple domains. This expanded partnership will encompass lifecycle management and asset management, with the overarching goal of establishing a unified digital thread that runs through the entire manufacturing infrastructure.

This asset management market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) from 2018 to 2032, for the following segments

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By Component

  • Solution
    • Real-Time Location System (RTLS)
    • Barcode
    • Mobile Computer
    • Labels
    • Global Positioning System (GPS)
    • Others
  • Services
    • Strategic Asset Management
    • Operational Asset Management
    • Tactical Asset Management

By Function

  • Location & Movement Tracking
  • Check In/ Check Out
  • Repair & Maintenance
  • Others

By Asset Type

  • Digital Assets
  • Returnable Transport Assets
  • In-transit Assets
  • Manufacturing Assets
  • Personnel/ Staff

By Application

  • Infrastructure Asset Management
    • Transportation
    • Energy Infrastructure
    • Water & Waste Infrastructure
    • Critical Infrastructure
    • Others
  • Enterprise Asset Management
  • Healthcare Asset Management
  • Aviation Asset Management
  • Others

The above information is provided for the following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Nordics
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ANZ
    • Southeast Asia 
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • MEA
    • South Africa
    • UAE
    • Saudi Arabia

 

Table of Content

Table of Contents

Asset Management Market Report

  1. Executive Summary

    • Overview of the Asset Management Market

    • Key Market Trends and Growth Drivers

    • Market Forecast and Future Outlook

  2. Introduction

    • Definition and Scope of Asset Management

    • Importance of Asset Management in Financial Markets

    • Research Methodology

  3. Market Overview

    • Market Size and Historical Growth Trends

    • Key Drivers, Challenges, and Opportunities

    • Regulatory and Compliance Landscape

  4. Market Segmentation

    • By Asset Type

      • Equities

      • Fixed Income

      • Real Estate

      • Alternative Investments (Private Equity, Hedge Funds)

      • Commodities

      • Digital Assets (Cryptocurrencies, Tokenized Assets)

    • By Investment Strategy

      • Active vs. Passive Management

      • ESG and Sustainable Investing

      • Smart Beta and Factor Investing

    • By Investor Type

      • Institutional Investors (Pension Funds, Insurance Companies)

      • High-Net-Worth Individuals (HNWIs)

      • Retail Investors

    • By Region

      • North America

      • Europe

      • Asia-Pacific

      • Latin America

      • Middle East & Africa

  5. Competitive Landscape

    • Major Players in the Asset Management Industry

    • Market Share Analysis

    • Mergers, Acquisitions, and Strategic Partnerships

  6. Key Market Trends

    • Rise of Passive Investing and ETFs

    • Digital Transformation in Asset Management

    • AI and Machine Learning for Portfolio Optimization

    • Growth of ESG and Impact Investing

    • Expansion of Robo-Advisory Services

  7. Technological Innovations in Asset Management

    • AI and Big Data in Portfolio Management

    • Blockchain and Tokenization of Assets

    • Cloud-Based and SaaS Solutions for Asset Managers

    • Cybersecurity and Risk Management Solutions

  8. Market Challenges and Risks

    • Regulatory Uncertainty and Compliance Burdens

    • Market Volatility and Economic Uncertainty

    • Rising Competition from Fintech and Digital Platforms

    • Liquidity and Credit Risks in Alternative Investments

  9. Future Outlook and Opportunities

    • Growth in Emerging Markets and Wealth Management Expansion

    • Role of AI and Automation in Enhancing Asset Management Services

    • Innovations in ESG and Sustainable Investment Strategies

    • Expansion of Digital and Fractional Investing

  10. Case Studies and Best Practices

  • Successful Asset Management Strategies from Leading Firms

  • Lessons from Market Volatility and Financial Crises

  • Client-Centric Approaches for Competitive Advantage

  1. Conclusion and Recommendations

  • Summary of Key Findings

  • Strategic Recommendations for Asset Managers and Investors

  1. Appendices

  • Glossary of Asset Management Terms

  • List of Figures and Tables

  • References and Data Sources

 

List Tables Figures

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