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Fixed Asset Management Software Market size is expected to grow $5.2 billion by 2024
(Telecom-NewsWire.Net, June 17, 2019 ) According to a new market research report "Fixed Asset Management Software Market by Components (Software and Services), Organization Size (Large Enterprises, and Small- and Medium-Sized Enterprises), Deployment (On Premise and Cloud) Verticals, and Regions - Global Forecast to 2024", published by MarketsandMarkets™, the global Fixed Asset Management Software Market size is expected to grow from USD 3 billion in 2019 to USD 5.2 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 11.8% during the forecast period.

Preventive maintenance and IoT technology to boost adoption of fixed asset management software, and growing need to reduce operational cost and proliferate profits through efficient management of assets are the major factors driving the growth of the Fixed Asset Management Software Market.

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The services segment of fixed asset management software to grow at the highest growth rate during the forecast period

The fixed asset management software providers offer assistance to their clients through an extensive set of services to deploy platform as per the client’s requirement. Services play a crucial role in helping organizations across industries take complete advantage of the fixed asset management software. Vendors are offering customized services tailored as per the unique needs of enterprises to manage their assets. Consulting service providers guide companies in deploying the fixed asset management solutions that help address their specific business process requirements in the most feasible and optimized manner. Highly qualified industry or domain experts provide consulting services. The consulting and advisory services are important for companies as they help members of organizations understand complexities involved in configuring the fixed asset management software. Furthermore, it assists organizations in analyzing problems in their business models, redefines their budgets, and reduces complexities in their business processes. Training services are aimed at offering comprehensive training regarding the fixed asset management software to representatives of an organization. These training services help organizations build necessary expertise in their team pertaining to the use of the fixed asset management software.

The small- and medium-sized enterprises segment to grow at the highest rate during the forecast period

Organizations are emphasizing on having a cost-effective fixed asset management software to equip their teams with a comprehensive solution to manage assets efficiently. It also offers organizations operating across industries with actionable information on asset maintenance and upgrading. Furthermore, the fixed asset management software empowers organizations to monitor the condition of their assets and prompt for their timely maintenance, thereby helping them enhance the productivity of the assets. This, in turn, has led to increasing adoption of the fixed asset management software among large enterprises and SMEs working across industries.

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Healthcare and life sciences to grow at a significant CAGR during the forecast period

The healthcare and life sciences industry comprises enterprises operating in various areas, such as medical devices, pharmaceuticals & biotech, diagnostics & life sciences, health IT & health insurance, dental, and animal health. The healthcare and life sciences industry is a highly regulated industry. The fixed asset management software enables organizations in healthcare and life sciences with various advantages, including asset transfers, asset revaluation, and asset disposal. Furthermore, the fixed asset management software helps enterprises track and analyze capabilities of all expensive equipment and assets, including laboratory equipment, aircons, and ultrasound machines. The software helps organizations in reducing the time and costs for maintenance of hospital equipment and machineries. Hence, the fixed asset management software empowers the organization to attain operational excellence for assets and drive revenue for the organization.

The major vendors in the Fixed Asset Management Software Market are are IBM (US), Infor (US), SAP (Germany), Microsoft (US), Oracle (US), Sage (UK), Acumatica (US), Aptean (UK), Maintenance Connection (US), IFS (Sweden), eMaint (US), Aveva (UK), Ramco Systems (India), ABB (Switzerland), Tracet (India), and Mainsaver (US).

Browse Adjacent Markets @ Software and Services Market Research Reports & Consulting

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


Mr. Shelly Singh


Source: EmailWire.Com


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