Fixed Asset Management Software Global Market Analysis by Trends, Technological Advancement, Forecast to 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Fixed Asset Management Software Global Market Report 2023 identifies increasing demand for fixed assets over multiple verticals major driver for the Fixed Asset Management Software market's growth in the forecast period. Fixed assets are assets that are used in corporate operations and generate a long-term financial advantage. The company utilizes fixed assets to manufacture goods and services and generate money. They are not sold to customers or held as an investment. Due to such benefits of investing into fixed assets, businesses use fixed asset management software to monitor equipment and vehicles, evaluate their condition, keep them in good operating order, reduce lost inventory, equipment failures, and downtime, and increase the asset's lifetime value.

The global fixed asset management software market size is expected to grow from $3.41 billion in 2022 to $3.83 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The fixed asset management software market is expected to grow to $5.87 billion in 2027 at a CAGR of 11.2%.

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Major competitors in the Fixed Asset Management Software market are International Business Machines Corporation, Infor, Tracet, Microsoft Corporation, Oracle, Sage, Aptean, Aveva, SAP SE.

A key trend in the Fixed Asset Management Software market includes Technological advancement. The advanced fixed asset management software includes IT asset lifecycle programmes that generate accurate and actionable data to assist IT asset managers in making sound decisions. Major companies operating in the fixed asset management software market are focused of innovating new technologies to sustain their position in the market. For instance, in March 2022,Aptean, a US-based provider of fixed ssset management software, launched the Aptean EAM, a new cloud-based enterprise asset management solution including CMMS for manufacturers. Aptean EAM's extensive features, which include advanced analytics, simplify intelligent preventative maintenance. In order to manage work orders, automate approvals, maintain spare parts inventories, schedule preventative maintenance, assign appropriately skilled workers, and conduct mobile compliance inspections, Aptean EAM elevates asset maintenance and management tasks through a single platform. It is intended to satisfy the maintenance management requirements of companies whose operations are powered by equipment.

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The Fixed Asset Management Software market is segmented -
1) By Component: Software, Services
2) By Deployment Type: On-Premises, Cloud
3) By Organization Size: Large enterprises, Small- & 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)

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Fixed Asset Management Software market.

The Business Research Company's "Global Fixed Asset Management Software Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Fixed Asset Management Software Market Include:
1. Executive Summary
2. Fixed Asset Management Software Market Characteristics
3. Fixed Asset Management Software Market Trends And Strategies
4. Fixed Asset Management Software Market - Macro Economic Scenario
5. Fixed Asset Management Software Market Size And Growth
……
27. Fixed Asset Management Software Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Fixed Asset Management Software Market
29. Fixed Asset Management Software Market Future Outlook and Potential Analysis
30. Appendix

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