According to The Insight Partners recent study on the ” Fixed Asset Management Solutions Market Forecast to 2028 – Covid-19 Impact and Global Analysis – by Components (Software, Services) ; Enterprise Size (Large Enterprises, SMEs) ; Deployment Type (Cloud, On-Premises) ; Industry Vertical (Manufacturing, Energy and Utilities, Transportation and Logistics, Healthcare and Life Sciences, IT and Telecommunications, Others),” includes the factors fueling the market growth, revenue estimation and forecast, and market share analysis, along with the identification of significant market players and their key developments.
The fixed asset management solutions involve tracking and maintaining physical assets and equipment of any organization. The market is increasingly gaining popularity with the adoption of smart factory and the introduction of industry 4.0. Fixed asset management solutions ensure proper working of material properties and are essential to overcome disruptions of unplanned downtime, equipment failures, lost and misplaced inventory, and failure to meet regulatory standards or compliance.
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Major Key Players Covered In This Report:
- ABB Group
- Acumatica, Inc.
- AVEVA Group Plc
- IBM Corporation
- IFS AB
- Sage Group plc
- SAP SE
The fixed asset management solutions market is anticipated to witness high growth with the rising trend of industry 4.0 and growing adoption of preventative maintenance and IoT technology. Besides, the increasing need for efficient asset management systems to reduce operational cost and improve profits is expected to augment market growth. However, lack of awareness of the associated benefits may hamper the growth of the fixed asset management solutions market. On the other hand, the introduction of big data and analytics coupled with a surge in adoption of automation solutions would showcase significant growth opportunities for the fixed asset management solutions market during the forecast period.
The global fixed asset management solutions market is segmented on the basis of components, enterprise size, deployment type, and industry vertical. By components, the market is segmented as software and services. The market is sub segmented on the basis of services as consulting & implementation and training & support. Based on enterprise size, the market is segmented as large enterprises and SMEs. On the basis of the deployment type, the market is segmented as cloud and on-premises. The market on the basis of the industry vertical is classified as manufacturing, energy and utilities, transportation and logistics, healthcare and life sciences, IT and telecommunications, and others.
The report analyzes factors affecting fixed asset management solutions market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the fixed asset management solutions market in these regions.
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