Fixed Asset Management Software Market Synopsis
The data experts at Market Research Future Reports (MRFR), the global fixed asset management software market is projected to value USD 6.2 billion, thriving at a CAGR of 12% during the review period from 2017 to 2023. As per the analysis, the increasing demand for fixed assets across several sectors is predicted to be the most substantial cause affecting the global fixed asset management market 2021. Besides, the growing expenditure on digital marketing is estimated to be a potential factor leading to market growth. In addition, the increasing demand for process automation is projected to magnify the market strength during the assessment period. Furthermore, the burgeoning technical innovations and the proliferation of content is likely to be another pivotal factor leading to market growth. The report also reveals that the increased deployment of analytics to monitor the fixed assets is estimated to act as a catalyst in strengthening the market. In addition, increasing mobility solutions and the growing integration of asset management solutions are anticipated to be other crucial factors resulting in market growth. However, the reliability of conventional methods and lack of awareness are likely to impede market growth.
Also, the market dynamics are estimated to change significantly due to the spread of COVID-19. Various regions have been affected due to the outbreak of coronavirus. Due to the pandemic, various companies in the market have temporarily shut their daily operations. The halt caused in business operations is estimated to bring a considerable impact on market revenue. It is estimated that it will take some time to recover from the losses incurred during the observation of lockdown. We will provide an impact analysis report on COVID-19.
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Fixed Asset Management Software Market Segmentation
The worldwide fixed asset management software market can be distinguished on the basis of organization size, deployment, application, and geography.
On the grounds of organization size, the worldwide fixed asset market can be distinguished into large enterprises and SMEs.
On the basis of deployment, the worldwide fixed asset market can be distinguished into on-premise and cloud-based.
On the grounds of application, the worldwide fixed asset market can be distinguished into accounting, document management, tax management, asset management, asset tracking, and others.
On the grounds of geography, the global fixed asset market can be distinguished into North America, Europe, Asia Pacific, and the Rest of the World (RoW).
Fixed Asset Management Software Market Regional Analysis
A regional analysis of North America, Europe, Asia Pacific, and the Rest of the World (RoW) has been performed. As per the study, the worldwide market is estimated to be dominated by North America. Countries like the U.S. and Canada are estimated to make the most substantial contribution during the assessment period. There has been a rising usage of digital or fixed asset management software which is estimated to be one of the most crucial factors driving the regional growth during the review period. Besides, the growing research and development are likely to be another factor leading to regional expansion. The APAC region is likely to grow exponentially during the review period from 2017 to 2023. The region has been witnessing a surge in demand for enterprise content management in developing economies. Besides, the presence of a large number of manufacturers is anticipated be another significant factor leading to regional expansion.
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Fixed Asset Management Software Market Key Players
The established players of the global fixed asset management software market are
- 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.)
- EAZY ERP (U.S.)
TABLE OF CONTENTS
1 MARKET INTRODUCTION
1.1 INTRODUCTION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS
1.2.3 LIMITATIONS
1.3 MARKET STRUCTURE
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2 RESEARCH METHODOLOGY
3 MARKET DYNAMICS
- EXECUTIVE SUMMARY
- MARKET FACTOR ANALYSIS
Continued...
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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.
Fixed Asset Management Software Market SizeThe 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.
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.
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.
