Soaring Demand Set to Propel Fixed Asset Management Software Market to $7.45 Billion by 2029

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What Is the Expected CAGR for the Fixed Asset Management Software Market Through 2025?
The market for fixed asset management software has seen robust expansion in the past few years. It is set to increase from a valuation of $4.15 billion in 2024 to $4.53 billion in 2025, with a compound annual growth rate (CAGR) of 9.4%. The rise during the historical period can be credited to factors like the substitution of manual procedures, centralisation of data, life cycle management necessities, enhancement of efficiency and productivity, along with growth in the IT sector.

What's the Projected Size of the Global Fixed Asset Management Software Market by 2029?
In the coming years, the market size of fixed asset management software is anticipated to expand rapidly, reaching $7.45 billion by 2029, with a compound annual growth rate (CAGR) of 13.2%. This growth in the forecast period is driven by factors such as AI-enabled decision making, the development of industry-specific solutions, advanced remote monitoring, prioritization of cost efficiency, integration with business systems, improved mobile accessibility, and an increase in remote work. Key trends expected during this period include the digital transformation of asset management, technological advancements, compliance requisites, and concerns over data security.

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Top Growth Drivers in the Fixed Asset Management Software Industry: What's Accelerating the Market?
Growing needs for fixed assets across various sectors is predicted to bolster the need for fixed asset management software in the future. Fixed assets are valuable company resources used in operations, creating long-lasting financial benefits. These assets are important for the company's production of goods and services that generate revenue, not to be sold to consumers or used as investments. Due to these benefits, companies choose to invest in fixed asset management software. This software allows businesses to track their equipment and machinery, assess their state, maintain them in optimal working condition, reduce losses in inventory and equipment malfunctions, limit downtime, and increase the overall value of the asset. For example, a July 2022 report by the Chinese government revealed that in the first half of the year, the national fixed asset investment (not including rural households) amounted to 27,143 billion yuan, reflecting a year-on-year increase of 6.1%. Moreover, private investments in fixed assets reached 15,307.4 billion yuan, which shows a 3.5% year-on-year increase. Consequently, the escalating demand and investment in fixed assets across various industries will propel the fixed asset management software market's growth.

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What Trends Will Shape the Fixed Asset Management Software Market Through 2029 and Beyond?
The rising trend in the fixed asset management software market is the increase in technological advancements. These sophisticated asset management software solutions comprise IT asset lifecycle programs that produce accurate and actionable information, aiding IT asset managers in making informed decisions. Key players in this market are prioritizing innovation to maintain their market standing. For example, Aptean, a firm based in the US that provides fixed asset management software, introduced Aptean EAM in March 2022. This new enterprise asset management solution, hosted on the cloud and inclusive of a CMMS for manufacturers, has a variety of features, including advanced analytics, that enhance intelligent preventive maintenance. Aptean EAM streamlines asset maintenance and management tasks on a single platform by managing work orders, automating approvals, maintaining spare parts inventory, scheduling preventive maintenance, assigning qualified workers, and facilitating mobile compliance checks. This solution is designed to meet the maintenance management needs of businesses that rely on equipment for their operations.

What Are the Main Segments in the Fixed Asset Management Software Market?
The fixed asset management softwaremarket 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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Which Top Companies are Driving Growth in the Fixed Asset Management Software Market?
Major companies operating in the fixed asset management software market are 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

Which Regions Will Dominate the Fixed Asset Management Software Market Through 2029?
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.

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