Global Fixed
Asset Management Software Market Synopsis
The data experts at Market Research Future Reports
(MRFR), the global Fixed Asset Management Software Market is projected to value USD
6.2 billion, thriving at a CAGR of 12% during the review period from 2017 to
2023. As per the analysis, the increasing demand for fixed assets across
several sectors is predicted to be the most substantial cause affecting the
global fixed asset management market 2020. Besides, the growing expenditure on
digital marketing is estimated to be a potential factor leading to market
growth. In addition, the increasing demand for process automation is projected
to magnify the market strength during the assessment period. Furthermore, the
burgeoning technical innovations and the proliferation of content is likely to
be another pivotal factor leading to market growth.
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The report also reveals that the increased
deployment of analytics to monitor the fixed assets is estimated to act as a
catalyst in strengthening the market. In addition, increasing mobility
solutions and the growing integration of asset management solutions are
anticipated to be other crucial factors resulting in market growth. However,
the reliability of conventional methods and lack of awareness are likely to
impede market growth.
Also, the market dynamics are estimated to change
significantly due to the spread of COVID-19. Various regions have been affected
due to the outbreak of coronavirus. Due to the pandemic, various companies in
the market have temporarily shut their daily operations. The halt caused in
business operations is estimated to bring a considerable impact on market revenue.
It is estimated that it will take some time to recover from the losses incurred
during the observation of lockdown. We will provide an impact analysis report
on COVID-19.
Market Segmentation
The worldwide fixed asset management software market
can be distinguished on the basis of organization size, deployment,
application, and geography.
On the grounds of organization size, the worldwide
fixed asset market can be distinguished into large enterprises and SMEs.
On the basis of deployment, the worldwide fixed
asset market can be distinguished into on-premise and cloud-based.
On the grounds of application, the worldwide fixed
asset market can be distinguished into accounting, document management, tax
management, asset management, asset tracking, and others.
On the grounds of geography, the global fixed asset
market can be distinguished into North America, Europe, Asia Pacific, and the
Rest of the World (RoW).
Regional Analysis
A regional analysis of North America, Europe, Asia
Pacific, and the Rest of the World (RoW) has been performed. As per the study,
the worldwide market is estimated to be dominated by North America. Countries
like the U.S. and Canada are estimated to make the most substantial
contribution during the assessment period. There has been a rising usage of
digital or fixed asset management software which is estimated to be one of the
most crucial factors driving the regional growth during the review period.
Besides, the growing research and development are likely to be another factor
leading to regional expansion. The APAC region is likely to grow exponentially
during the review period from 2017 to 2023. The region has been witnessing a
surge in demand for enterprise content management in developing economies.
Besides, the presence of a large number of manufacturers is anticipated be
another significant factor leading to regional expansion.
Key Players
The established players of the global fixed asset
management software market are Cougar Mountain Software (U.S.), Sage Intacct
(U.S.), Multiview Corporation (Canada), NetSuite (U.S.), Bloomberg BNA (U.S.),
SAP ERP Core Finance (Germany), EAZY ERP
(U.S.), AccuFund Accounting Suite (U.S.),
and Acumatica ERP (U.S.).
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