Asset management IT solution market is anticipated to grow at a significant CAGR during the forecast period. The rising adoption of technologically complex and networked infrastructure has pushed businesses across industries to establish asset management systems that may assist in the management of operational technologies and the collection of more vital data and information.
The market is growing due to the expansion of networked IT infrastructure. Microdata centre instead of a data centre, virtual machine instead of a real desktop, and cloud instead of a data storage device are instances of convergent technologies. Companies must keep track of all their assets from many places to boost the bottom line and manage against financial, operational, and legal risks.
Today, organizations have plenty of options to improve their client relationships as a result of digitization. Asset-intensive businesses have learnt, due to the increasing competition by tackling the difficulties related to their management is critical to their success or failure. As a result, some asset-intensive firms are investing in advanced and creative solutions to modify their operating processes. To precisely measure the performance of their physical properties, they are implementing modern technologies such as Artificial Intelligence (AI), predictive maintenance, Augmented Reality (AR), Internet of Things (IoT), digital twin, and telematics. They are quickly implementing new management systems to extend the life of their assets.
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Market Coverage
- The market number available for – 2021-2029
- Base year- 2021
- Forecast period- 2023-2029
Segment Covered-
- By Deployment
- By Type
- By End-User
- Competitive Landscape: ABB Inc., Adobe Systems Inc., Brookfield Asset Management Inc., Honeywell International Inc., IBM Corp.
Asset Management IT Systems Market by Segments
By Type
- Hardware
- Software
By Deployment
- On-premises
- Cloud
By End-User Industry
- IT and Telecom
- BFSI
- Healthcare
- Retail
- Manufacturing
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Asset Management IT Systems Market, By Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
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