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Fixed Asset Management Software Market Highlights: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 Fixed Asset Management Software Market is highly competitive due to the presence of several large vendors. The competition among the vendors will intensify due to the increase in product extensions and various above mentioned factors. The players in the fixed asset management software market compete on the basis of the factors such as technology, features, design and compatibility. The vendors or the manufacturers are continuously coming up with new ideas and technologies to gain competitive advantage over their competitors.
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Major Key Players:
The key players of the global fixed asset management software market include AccuFund Accounting Suite (USA) , Acumatica ERP (USA), Bloomberg BNA (USA), Cougar Mountain Software (USA), EAZY ERP (USA), SAP ERP Core Finance (Germany), Sage Intacct (USA), Multiview Corporation (Canada), and NetSuite (USA).
Segments:
• On the basis of deployment, the market can be segmented into cloud and on premises. Out of these, cloud based accounted for the largest market share majorly due to increasing demand for cloud based solutions by various sectors. However, on premises segment is expected to grow over the forecast period, 2017-2023.
• On the basis of organization size, the market can be segmented into SMEs and large enterprises. Out of these, large enterprises accounted for the largest market share since large enterprises prefer to store and manage their assets in their own infrastructure. However, SMEs segment is expected to grow over the forecast period, 2017-2023.
• On the basis of application, the market can be segmented into accounting, tax management, asset tracking, asset management and document management among others. Out of these, document management and accounting segment accounted for the largest market share majorly due to increasing demand for asset management solutions, digital transformation, large number of vendors and high implementation of these solutions in the healthcare sector and the finance sector.
• On the basis of region, the market can be segmented into North America, Europe, Asia-Pacific and Rest of the world.
Regional Analysis:
The global fixed asset management software market is expected to grow significantly over the forecast period, 2017-2023. Accounting segment of fixed asset management software market globally drives the market majorly due to their growing collaboration between hardware vendors and content providers, technological changes, increasing demand for better security measures and government initiatives. The market is expected to have higher growth rate as compared to the previous years. The global fixed asset management software market segmented into four main regions such as North America, Asia-Pacific, Europe and Rest of the World. Phobia treatment hold a largest share in the North American region. The reason is attributed to advance technologies or advanced growth in various sectors in this region.
Also, tax management segment is looking for better technologically advanced solutions in this region. Therefore, North American market accounted for the largest market share.
Asia-Pacific region is expected to grow over the forecast period. Countries such as Japan, China and India contributes largely to the overall market share. The reason is attributed to the increasing number of businesses in this region and the growing demand for enterprise content management in emerging economies, increasing demand for digitalization and increasing demand for data management. Furthermore, asset management market has an immense scope in this region majorly due to synchronization of data in centralized servers.
North-America accounted for the largest market share. Countries such as U.S. and Canada contributes largely to the overall market share. The reason is attributed to increasing number of vendor present across this region and the growing use of technologically advanced solutions, presence of technical expertise, increasing demand for digital asset management solutions, digital transformation and large number of vendors.
Latest Industry News:
• Commercial real estate services provider Foundry Commercial LLC is set to gain financial oversight of its assets with Yardi® Fixed Assets. 1 NOV 2018
• Delair has signed a contract to acquire the key assets of Airware, a developer of innovative software analytics tools for drone-based data. The acquisition brings Delair leading-edge technology assets, including an engineering and customer success team in Paris, an installed base of customers and dealers worldwide, and a proven software solution. 31 OCT 2018
• VeEX Inc., a global provider of innovative test & measurement solutions for next-generation networks, has formed a strategic partnership with an enterprise location intelligence solution provider called Ubisense. The integration of these two software product lines aims to deliver a real-time view of the status of a customer's physical network assets, that would help them to increase network uptime, improve customer satisfaction, lower Mean Time To Repair (MTTR), and reduce truck rolls. 23 OCT 2018
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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
Continued….
List of Tables
Table 1 Fixed Asset Management Software Market, By Deployment
Table 2 Fixed Asset Management Software Market, By Organization Size
Table 3 Fixed Asset Management Software Market, By Application
Continued….
List of Figures
Figure 1 Research Methodology
Figure 2 Fixed Asset Management Software Market, By Deployment (%)
Figure 3 Fixed Asset Management Software Market, By Organization Size (%)
Continued….
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