Fixed Asset Management Software Market Size
The global fixed asset management software market is very competitive due to rapid innovations and advancements. Market Research Future (MRFR) has published and released a research report about the global fixed asset management software market that anticipates a gigantic raise for this market with 12% CAGR (Compound Annual Growth Rate) during the forecast period between 2017 and 2023.
The key factors contributing to the market growth for fixed asset management software include demand for fixed assets across various verticals, growing demand for process automation, increasing investments in research and development (R & D), increasing spending on digital marketing, technological innovation, innovation, market expansion via various strategic mergers & acquisitions, and cost-effective product portfolio. Competition among vendors on the basis of compatibility, design, features, and technology is also contributing to the market growth. The factors that are hindering the market growth include a dependency on various traditional approaches and lack of awareness about fixed asset management software.
The global fixed asset management software market has been segmented on the basis of deployment, organization size, and lastly, region. As per deployment, the market has been segmented into cloud deployment and on-premise deployment. Based on organization size, the market has been segmented into small & medium enterprises (SMEs) and large enterprises. The regional segmentation of the global fixed asset management software market segments the market into continent-based regional markets known as North America, Europe, Asia Pacific, and the rest of the world (RoW).
Due to the availability of technical expertise, increasing demand for digital data management, growing use of technologically advanced solutions, the presence of many key market players, and various technological innovations, North America is the largest regional market. The most important country-specific markets in this region are the United States of America (USA) and Canada. In North America, due to more digital transactions, this software plays an important role in tax management. In Europe, the rate of technological advancement is higher than in North America. In this region, the maximum revenue comes from France, Germany, and the United Kingdom (UK).
According to the report, the Asia Pacific region is expected to grow as a market during the forecast period. Maximum market revenue in this region comes from countries like China, Japan, and India. Factors aiding the market growth in this region include growing demand for enterprise content management in emerging economies, the increasing demand for digitalization and increasing demand for data management, an increasing number of businesses in this region. Also, a fixed asset management market has immense scope in this region majorly due to data synchronization via centralized servers.
Also, tax management segment is looking for better technologically advanced solutions in this region. Therefore, North American market accounted for the largest market share.
Asia-Pacific region is expected to grow over the forecast period. Countries such as Japan, China and India contributes largely to the overall market share. The reason is attributed to the increasing number of businesses in this region and the growing demand for enterprise content management in emerging economies, increasing demand for digitalization and increasing demand for data management. Furthermore, asset management market has an immense scope in this region majorly due to synchronization of data in centralized servers.
North-America accounted for the largest market share. Countries such as U.S. and Canada contributes largely to the overall market share. The reason is attributed to increasing number of vendor present across this region and the growing use of technologically advanced solutions, presence of technical expertise, increasing demand for digital asset management solutions, digital transformation and large number of vendors.
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December 14, 2018: This report focuses on the global Fixed Asset Management Software status, future forecast, growth opportunity, key market and key players.
The study objectives are to present the Fixed Asset Management Software development in United States, Europe and China.In 2017, the global Fixed Asset Management Software market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2018-2025.The key players covered in this studyIntuitSage SoftwareInforAssetworksDownload sample Copy of This Report at: https://www.radiantinsights.com/research/global-fixed-asset-management-software-market-size-status-and-forecast-2018-2025/request-sampleTracetxAssetsFMISMicrosoftHardcatComparesoftReal Asset ManagementSAPMapYourTagPubWorksNetSuiteMultiviewBNA Fixed AssetsKaizen SoftwareAvia SoftwareReslink Solutions4SiteClick For Report Details @ https://www.radiantinsights.com/research/global-fixed-asset-management-software-market-size-status-and-forecast-2018-2025 Market segment by Type, the product can be split intoCloud Based Fixed Asset Management SoftwareOn-Premises Fixed Asset Management SoftwareWeb-based Fixed Asset Management SoftwareMarket segment by Application, split intoSmall BusinessMedium BusinessLarge BusinessMarket segment by Regions/Countries, this report coversUnited StatesEuropeChinaJapanSoutheast AsiaIndiaCentral & South AmericaThe study objectives of this report are:To analyze global Fixed Asset Management Software status, future forecast, growth opportunity, key market and key players.To present the Fixed Asset Management Software development in United States, Europe and China.To strategically profile the key players and comprehensively analyze their development plan and strategies.To define, describe and forecast the market by product type, market and key regions.In this study, the years considered to estimate the market size of Fixed Asset Management Software are as follows:History Year: 2013-2017Base Year: 2017Estimated Year: 2018Forecast Year 2018 to 2025For the data information by region, company, type and application, 2017 is considered as the base year.
Whenever data information was unavailable for the base year, the prior year has been considered.About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
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Fixed Asset Management Software MarketThe key players in the global fixed asset management software market include- Sage Intacct (U.S.), Cougar Mountain Software (U.S.), Multiview Corporation (Canada), NetSuite (U.S.), SAP ERP Core Finance (Germany), Bloomberg BNA (U.S.), Acumatica ERP (U.S.), AccuFund Accounting Suite (U.S.) and EAZY ERP (U.S.) among others.The global fixed asset management software market is highly competitive.
Various established international brands, domestic brands and as well as new entrants form a competitive landscape.
The key players are nonstop increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio.
The competition among the vendors will intensify due to the increase in product extensions and various above mentioned factors.
The vendors or the manufacturers are continuously coming up with new ideas and technologies to gain competitive advantage over their competitors.SegmentationAccording to Market Research Future, market has been segmented into deployment, organization size, application and region.Fixed asset management software is a process by businesses can organize, store, retrieve and manage rights.
Each database record comprises of metadata explaining the information about its content.
The development of an infrastructure to preserve and manage assets and also allows end-users to identify and locate assets.
The software helps to create & manage the databases and helps the companies to store.The growing demand for process automation, high implementation of analytics to manage assets, growing mobility solutions and increasing integration of asset management solutions are the factors boosting the growth of the fixed asset management software market.
However, factors such as lack of awareness and dependency on various traditional approaches are hindering the growth of the overall market.
Out of these, cloud based accounted for the largest market share majorly due to increasing demand for cloud based solutions by various sectors.
However, on premises segment is expected to grow over the forecast period, 2017-2023.On the basis of organization size, the market can be segmented into SMEs and large enterprises.
However, SMEs segment is expected to grow over the forecast period, 2017-2023.On the basis of application, the market can be segmented into accounting, tax management, asset tracking, asset management and document management among others.
