Fixed Asset Management Software Market Report 2025

The fixed asset management software market size has grown rapidly in recent years. It will grow from $4.15 billion in 2024 to $4.57 billion in 2025 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to manual processes replacement, data centralization, lifecycle management requirements, efficiency and productivity improvement, growth in IT industry.

The fixed asset management software market size is expected to see rapid growth in the next few years. It will grow to $7.61 billion in 2029 at a compound annual growth rate (CAGR) of 13.6%. The growth in the forecast period can be attributed to AI-driven decision-making, industry-specific solutions development, remote monitoring sophistication, cost efficiency priority, integration with business systems, mobile accessibility enhancement, rise in remote work. Major trends in the forecast period include digitization of asset management, advancements in technology, compliance requirements, and data security concerns.

The growing demand for fixed assets across various sectors is expected to drive the demand for fixed asset management software in the future. Fixed assets are those utilized in corporate operations that provide long-term financial benefits. Companies use fixed assets to produce goods and services, thereby generating revenue. These assets are neither sold to customers nor held as investments. Given the advantages of investing in fixed assets, businesses implement fixed asset management software to track equipment and vehicles, assess their condition, maintain them in optimal working order, minimize lost inventory, equipment failures, and downtime, and enhance the asset's lifetime value. For example, in July 2022, a report from the Government of China indicated that from January to June, national fixed asset investment (excluding rural households) amounted to 27.14 trillion Yuan, reflecting a 6.1% year-on-year increase. Furthermore, private fixed asset investment reached 15.3 trillion Yuan, marking a 3.5% year-on-year rise. Thus, the increasing investment and demand for fixed assets across multiple sectors will drive the fixed asset management software market.

The rising number of IoT-connected devices is anticipated to accelerate the growth of the fixed asset management software market in the future. IoT-connected devices are nonstandard computing devices that wirelessly connect to a network and can transmit data. The expanding presence of IoT-linked devices enhances fixed asset management software by supplying real-time data, facilitating predictive maintenance, optimizing utilization, and improving overall efficiency and effectiveness in asset management processes. For example, a report from Ericsson, a telecommunications company based in Sweden, published in November 2022, noted that broadband IoT (4G/5G), which connects most cellular IoT devices, reached 1.3 billion connections in 2022. By the end of 2028, nearly 60% of cellular IoT connections are expected to be broadband IoT connections, with 4G making up the majority. Currently, North East Asia leads in cellular IoT connections, with predictions indicating it will exceed 2 billion connections in 2023. Thus, the growing number of IoT-connected devices is propelling the growth of the fixed asset management software market.

Technological advancements are a prevailing trend in the fixed asset management software market. Advanced solutions now encompass IT asset lifecycle programs that furnish precise data for informed decision-making by asset managers. Major companies like Aptean are focused on innovating new technologies to bolster their market positions. For instance, Aptean's March 2022 launch of Aptean EAM, a cloud-based enterprise asset management solution for manufacturers, integrates comprehensive features, including advanced analytics, to streamline preventative maintenance, manage work orders, automate approvals, track spare parts inventories, and conduct mobile compliance inspections.

In a bid to elevate asset management capabilities for customers, major companies operating in the fixed asset management software market are increasingly adopting strategic partnerships. These alliances allow firms to leverage each other's strengths and resources for mutual growth. For example, the partnership between Yokogawa Electric Corporation and Radial Software Group B.V. in February 2023 aims to enhance asset management capabilities through an AI-powered solution. This partnership enables Yokogawa to provide customers with an innovative solution for improved asset management, offering a unified view of technical information, reducing risks, fostering operational excellence, and facilitating digital transformation through the Yokogawa Cloud platform.

In August 2024, Aptean Inc., a software solution company based in the US, acquired SSG Insight for an undisclosed sum. The acquisition aims to enhance Aptean's global presence and bolster its cloud-based Enterprise Asset Management (EAM) offerings for asset-intensive sectors by incorporating SSG's expertise and solutions. SSG Insight, located in the UK, specializes in providing computerized maintenance management software (CMMS) and asset maintenance solutions to a variety of businesses.

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.

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. The countries covered in the fixed asset management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Fixed asset management software is a specialized tool designed to oversee the complete lifecycle of Maintenance, Repair, and Operations (MRO) for assets like buildings, vehicles, equipment, and various non-cash items. Its primary objective is to monitor depreciation values, streamline asset tracking, and optimize their lifecycle to prevent inventory losses, equipment breakdowns, and downtime, thereby enhancing the overall value of assets.

The key components of fixed asset management software encompass both software and services. The software aspect involves comprehensive tools that facilitate the efficient management of fixed assets, ensuring a transparent process from acquisition to disposition. This software consists of programmed instructions and data used to manage and streamline asset-related activities. It can be deployed through on-premises or cloud-based systems, catering to the needs of large enterprises as well as small and medium-sized organizations. Industries such as energy and utilities, manufacturing, IT, telecom, media, transportation, logistics, healthcare, life sciences, and others benefit from the functionalities offered by fixed asset management software.

The fixed asset management software market research report is one of a series of new reports that provides fixed asset management software market statistics, including fixed asset management software industry global market size, regional shares, competitors with a fixed asset management software market share, detailed fixed asset management software market segments, market trends and opportunities, and any further data you may need to thrive in the fixed asset management software industry. This fixed asset management software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The fixed asset management software market includes revenues earned by entities by providing asset tracking, creating a checklist, setting reorder level, and providing reports and analytics. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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