Asset Management System Market Worth $18.87 Billion by 2020 — DALLAS, November 6, 2014 /PRNewswire/ —Category:Uncategorized
DALLAS, November 6, 2014 /PRNewswire/ —
According to new market research report “Asset Management System Market by Function, Asset Type, Technology (RFID, RTLS, GPS & Barcode), Industry (Healthcare, IT Services, Government, Retail & Hospitality, Manufacturing, & Transport & Logistics), & Geography – Analysis & Forecast to 2014 – 2020”, published by MarketsandMarkets, Asset Management System market is expected to grow $18.87 Billion by 2020 at compound annual growth rate (CAGR) of 20.5% from 2014 to 2020. The report includes an in-depth analysis of the market by function, asset type, technology, industry, and geography.
Browse 90 market data Tables and 136 Figures spread through 220 Pages and in-depth TOC on “Asset Management System Market”.
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The Asset Management System Market is expected to grow at a high rate it is driven by factors like reduction in search time for misplaced assets, increase in adoption rate due to technological advancements, high Return on Investment (ROI) and cost saving, and improved supply chain efficiency.
Asset Management System is used for different functions, like location tracking, check in & out, repair, and maintenance among others. It is also used for tracking various asset types, such as IT assets, returnable transport, in-transit equipment, manufacturing asset and personnel/ staff among others. Returnable transport holds the highest share in Asset Management System market, as they are difficult to track and manage, but with the help of asset tracking services, it is possible to track them automatically and accurately.
This report describes the market trends, drivers, and challenges with respect to the global Asset Management System market. The market is forecasted from 2014 to 2020, on the basis of function, asset type, technology, industry, and geography. This global report gives a detailed view of the market across geographies, namely the Americas, Europe, Asia-Pacific, and RoW. The Americas dominates the market in terms of revenue generation. The major reason for the boom is due to the favorable economic conditions of the North American region and the need to rely on the asset management technologies.
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The competitive landscape of the market presents a very interesting picture. The market is witnessing new product launches and large scale collaborations, agreements, and partnerships across the value chain, with a number of tier-one players around the globe.
The major players in asset management system market are AeroScout, Inc. (U.S.), Cisco Systems, Inc (U.S.), GE Healthcare (U.K), Infor, Inc. (U.S.), Motorola Solutions Inc. (U.S.), Omni-ID (U.S.), Siemens AG (Germany), TrackX, LLC (Colorado), Trimble Navigation Ltd (U.S.), and Zebra Technologies Corp. (U.S.).