What Does the Historical and Current Fixed Asset Management Software Market Size Trend Indicate?
The fixed asset management software market has seen considerable growth due to a variety of factors.
• The market size for fixed asset management software has expanded significantly in the past few years. A surge from $4.15 billion in 2024 to $4.57 billion in 2025 is expected, representing a compound annual growth rate (CAGR) of 10.3%. The upward trajectory during the historic period is due to the substitution of manual procedures, centralization of data, lifecycle management needs, enhancements in efficiency and productivity, and growth in the IT sector.
What Is the Forecasted Market Size and Growth Rate for The Fixed Asset Management Software Market in the Coming Years?
The Fixed Asset Management Software market is expected to maintain its strong growth trajectory in upcoming years.
• There is an anticipation of swift expansion in the fixed asset management software market size in the following years. The market is predicted to escalate to $7.61 billion by 2029, growing at a compound annual growth rate (CAGR) of 13.6%.
The expansion during the predicted period could be related to AI-driven decision making, development of industry-specific solutions, advanced remote monitoring, priority to cost efficiency, integration with business systems, enhanced mobile accessibility, and the surge in remote work. The key trends expected during this forecast period encompass digital transformation in asset management, technological progressions, compliance necessities, and concerns about data security.
What Factors Are Driving Growth In The Fixed Asset Management Software Market?
The growing necessity for fixed assets across various industries is projected to drive the demand for fixed asset management software. Fixed assets are crucial components employed in business operations, producing a long-term financial gain. They are leveraged by companies to produce goods and services, resulting in revenues. They are not intended for resale to customers or for holding as an investment. Given these advantages of investing in fixed assets, organizations utilize fixed asset management software to monitor equipment and vehicles, assess their status, maintain them in a functional state, decrease lost inventory, equipment breakdowns, and idle time, while enhancing the asset's lifetime value. For example, a report released by the Chinese Government in July 2022 notes that from January to June, national fixed asset investment (barring rural households) came to a total of 27,143 billion Yuan, a yearly increase of 6.1%. Furthermore, private fixed asset investments reached 15,307.4 billion Yuan, up 3.5% from the previous year. Consequently, the escalating investment and demand across various industries for fixed assets are expected to fuel the fixed asset management software market.
What Are The Main Segments Of The Global Fixed Asset Management Software Market?
The fixed asset management software market covered in this report is segmented –
1) By Component: Software, Services
2) By Deployment Type: On-Premises, Cloud
3) By Organization Size: Large enterprises, Small-And Medium-Sized Enterprises
4) By End Users: Energy And utilities, Manufacturing, IT, Telecom And media, Transportation And logistics, Healthcare And life science, Others End Users (BFSI, Retail, And Government)
Subsegments:
1) By Software: Asset Tracking Software, Depreciation Management Software, Reporting And Analytics Software
2) By Services: Implementation Services, Consulting Services, Maintenance And Support Services
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What Emerging Trends Are Influencing The Growth Of The Fixed Asset Management Software Market?
In the fixed asset management software market, technological progression is an emerging trend. This includes sophisticated asset management software that features IT asset lifecycle initiatives to produce precise, actionable data, enabling IT asset managers to make informed decisions. Leading businesses in this market are prioritizing technological innovation to maintain their market dominance. For example, in March 2022, Aptean, a US-based fixed asset management software firm, introduced Aptean EAM, a novel cloud-based enterprise asset management solution featuring CMMS for manufacturing companies. Aptean EAM’s comprehensive features, including progressive analytics, make preventative maintenance more straightforward. Aptean EAM enhances asset maintenance and management tasks via a single platform, managing work orders, automating approvals, maintaining spare parts inventory, scheduling preventive maintenance, assigning skilled workers appropriately, and conducting mobile compliance inspections. It’s specifically designed to meet the maintenance management needs of equipment-driven companies.
Who Are the Key Players In The Fixed Asset Management Software Market?
Major companies operating in the fixed asset management software market include:
• International Business Machines Corporation
• Infor Inc.
• Tracet Enterprise
• Microsoft Corporation
• Oracle America Inc.
• Sage Software Inc.
• Aptean India Pvt Ltd.
• Aveva Group PLC
• SAP SE
• Ramco Systems Limited
• FMIS Ltd.
• AssetWorks LLC
• RCS Tech LLP
• ManageEngine AssetExplorer
• UpKeep Technologies Inc.
• InvGate Assets
• AssetCloud by Wasp Barcode Technologies
• Cheqroom NV
• Ivanti Inc.
• Bloomberg Tax Fixed Assets
• FlexiInternational Software Inc.
• Deltek Inc.
• Reftab LLC
• EZOfficeInventory
What Is The Most Dominant Region In The Fixed Asset Management Software Market?
Asia-Pacific was the largest region in the fixed asset management software market share in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the fixed asset management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
