The Global Asset Management Market was valued at $17.4 Billion in 2020. Growing at a high CAGR of more than 12.0% between 2021 and 2031, it is estimated to reach $65.4 Billion by 2031. However, the current pandemic of COVID-19 might make a slight difference in the growth rate in the present year. The rising implementation of advanced technology and interconnected infrastructure has prompted organizations across industries to adopt asset management systems in their organization to manage operation technologies to gather more essential data and information. The abilities of asset management solutions to optimize the utilization of existing resources, streamline the operations, and subsequently help enterprises enhance profits, save costs, and improve the Return on Investment (RoI) are expected to drive market growth forecast period. Now, moving forward, the robust demand for the Global Asset Management Market in the asset management department is further estimated to create new necessities and augment the market of growth over the forecast period of 2021-2031.
Global Asset Management Segment Is Estimated to Witness Remarkable Growth
Source: SAI Research
The Asset Management market is segmented as a component, asset type, function, and application. Based on Component, the global Asset Management market has been bifurcated as Solution, Real-Time Location System (RTLS), Barcode, Mobile Computer, Labels, Global Positioning System (GPS), Others, Service, Strategic Asset Management, Operational Asset Management, and Tactical Asset Management. Based on Asset Type, the global Asset Management market is divided into Digital Assets, Returnable Transport Assets, In-transit Assets, Manufacturing Assets, and Personnel/ Staff. Based on Function, the global Asset Management market has been segmented as Location & Movement Tracking, Check-In/ Check-Out, Repair and Maintenance, and Others. Based on Application, the global Asset Management market has been bifurcated as Infrastructure Asset Management, Transportation, Energy Infrastructure, Water & Waste Infrastructure, Critical Infrastructure, Others, Enterprise Asset Management, Healthcare Asset Management, Aviation Asset Management, and Others.
By Region, North America is Holding the Major Market Share
The Asset Management Market has been geographically segmented into North America, Asia Pacific, Latin America, Middle East, and Africa region. In addition to this, North America has a significant share among those regions. The regional market comprises developing nations such as The U.S. Canada, whose development rate is faster than most of the developing countries in the world. The increasing adoption of smart, connected, and secured technologies for the asset-centric application is the prime factor for the market growth over the region. The favorable rules and regulations and awareness among the people for their asset management are also propelling the market growth. Apart from that, the Asia Pacific and Europe are expected to increase the growth rate in the upcoming forecast period of 2021 to 2031.
Major Players in the Global Asset Management Market
The report covers a detailed outlook about the company, and it includes the company or industry profiles and market share of key players operating in the global market. Key players in the report include Mississippi Lime, AGSCO Corp., Carmeuse, Blue Mountain Minerals, Carmeuse Lime & Stone Company, GCCP Resources, GLC Minerals, LLC, Greer Limestone Company, Gulshan Polyols Ltd., ILC Resources, Imerys, J.M. Huber Corp., LafargeHolcim, Midwest Asset Managements, and Mineral Technologies among others.
The Global Asset Management Market Has Been Segmented into:
Global Asset Management Market: By Component
Global Asset Management Market: By Asset Type
Global Asset Management Market: By Function
Global Asset Management Market: By Application
Global Asset Management Market: By Region
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