Table of Content

1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 MARKET SCOPE 15
1.3.1 MARKET SEGMENTATION 16
1.3.2 REGIONS COVERED 16
1.4 YEARS CONSIDERED FOR THE STUDY 17
1.5 CURRENCY CONSIDERED 17
1.6 STAKEHOLDERS 18

2 RESEARCH METHODOLOGY 19
2.1 RESEARCH DATA 19
2.1.1 SECONDARY DATA 20
2.1.2 PRIMARY DATA 20
2.1.2.1 Breakup of primaries 21
2.1.2.2 Key industry insights 21
2.2 MARKET BREAKUP AND DATA TRIANGULATION 22
2.3 MARKET SIZE ESTIMATION 22
2.3.1 TOP-DOWN APPROACH 23
2.3.2 BOTTOM-UP APPROACH 23
2.4 MARKET FORECAST 24
2.5 ASSUMPTIONS FOR THE STUDY 25
2.6 LIMITATIONS OF THE STUDY 25

3 EXECUTIVE SUMMARY 26

4 PREMIUM INSIGHTS 29
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE FIXED ASSET MANAGEMENT SOFTWARE MARKET 29
4.2 FIXED ASSET MANAGEMENT SOFTWARE MARKET IN NORTH AMERICA, BY INDUSTRY AND COUNTRY, 2019 30
4.3 FIXED ASSET MANAGEMENT SOFTWARE MARKET: MAJOR COUNTRIES 31
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5 MARKET OVERVIEW 32
5.1 INTRODUCTION 32
5.2 MARKET DYNAMICS 32
5.2.1 DRIVERS 33
5.2.1.1 Preventive maintenance and IoT technology to boost the adoption of fixed asset management software 33
5.2.1.2 Growing need to reduce operational cost and proliferate profits through efficient management of assets 33
5.2.2 RESTRAINTS 33
5.2.2.1 Lack of awareness of fixed asset management software benefits 33
5.2.3 OPPORTUNITIES 34
5.2.3.1 Advent of big data and analytics to increase the adoption of fixed asset management software 34
5.2.3.2 Surge in the adoption of IoT-based solutions to automate asset management 34
5.2.4 CHALLENGES 34
5.2.4.1 Tracking of assets 34
5.2.4.2 Lack of skilled fixed asset management software professionals 34
5.3 USE CASES 35
5.3.1 OIL SPILL RESPONSE LIMITED 35
5.3.2 RING CONTAINER TECHNOLOGIES 35
5.3.3 MEDICAL TECHNOLOGIES INNOVATORS (MTI) 36
5.3.4 FSC LIGHTING 36

6 FIXED ASSET MANAGEMENT SOFTWARE MARKET, BY COMPONENT 37
6.1 INTRODUCTION 38
6.2 SOFTWARE 39
6.2.1 GROWING FOCUS OF ORGANIZATIONS ON AUTOMATING AND ENHANCING ASSET MANAGEMENT PROCESSES TO DRIVE THE DEMAND FOR FIXED ASSET MANAGEMENT SOFTWARE 39
6.3 SERVICES 40
6.3.1 CONSULTING AND IMPLEMENTATION 41
6.3.1.1 Efficient deployment of fixed asset management software as per the requirements of clients to drive the growth of consulting and implementation services 41
6.3.2 TRAINING AND SUPPORT 42
6.3.2.1 Growing focus of organizations on improving the performance of their assets to drive the growth of support and maintenance services 42
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7 FIXED ASSET MANAGEMENT SOFTWARE MARKET, BY ORGANIZATION SIZE 44
7.1 INTRODUCTION 45
7.2 LARGE ENTERPRISES 46
7.2.1 GROWING NEED AMONG LARGE ENTERPRISES TO MANAGE THEIR LARGE NUMBER OF ASSETS DRIVING THE DEMAND FOR FIXED ASSET MANAGEMENT SOFTWARE 46
7.3 SMALL AND MEDIUM-SIZED ENTERPRISES 47
7.3.1 NEED FOR A COST-EFFECTIVE AND COMPREHENSIVE SOLUTION TO DRIVE THE ADOPTION OF FIXED ASSET MANAGEMENT SOFTWARE ACROSS SMALL AND MEDIUM-SIZED ENTERPRISES 47

8 FIXED ASSET MANAGEMENT SOFTWARE MARKET, BY DEPLOYMENT TYPE 48
8.1 INTRODUCTION 49
8.2 ON-PREMISES 50
8.2.1 SECURITY CONCERNS AMONG ENTERPRISES TO DRIVE THE ADOPTION OF ON-PREMISES FIXED ASSET MANAGEMENT SOFTWARE 50
8.3 CLOUD 51
8.3.1 SCALABILITY AND COST-EFFECTIVENESS TO BE THE MAJOR FACTORS DRIVING THE ADOPTION OF CLOUD-BASED FIXED ASSET MANAGEMENT SOFTWARE 51

9 FIXED ASSET MANAGEMENT SOFTWARE MARKET, BY INDUSTRY 52
9.1 INTRODUCTION 53
9.2 ENERGY AND UTILITIES 54
9.2.1 GROWING NEED TO OFFER BEST-IN-CLASS CUSTOMER EXPERIENCE DRIVING THE GROWTH OF FIXED ASSET MANAGEMENT SOFTWARE IN THE ENERGY AND UTILITIES INDUSTRY 54
9.3 MANUFACTURING 55
9.3.1 GROWING NEED TO MAINTAIN HUGE MANUFACTURING PLANTS AND MACHINERY DRIVING THE GROWTH OF FIXED ASSET MANAGEMENT SOFTWARE IN THE MANUFACTURING INDUSTRY 55
9.4 IT, TELECOM, AND MEDIA 56
9.4.1 GROWING NEED FOR UTILIZING ASSETS TO FULL EXTENT TO DRIVE THE GROWTH OF FIXED ASSET MANAGEMENT SOFTWARE IN THE IT, TELECOM, AND MEDIA INDUSTRY 56
9.5 TRANSPORTATION AND LOGISTICS 57
9.5.1 GROWING NEED TO REDUCE VEHICLE OPERATIONAL COSTS DRIVING THE GROWTH OF FIXED ASSET MANAGEMENT SOFTWARE IN THE TRANSPORTATION AND LOGISTICS INDUSTRY 57
9.6 HEALTHCARE AND LIFE SCIENCES 58
9.6.1 GROWING NEED TO SHARE PERSONALIZED AND UPDATED COMPLIANCE-APPROVED CONTENT WITH PROSPECTS DRIVING THE GROWTH OF FIXED ASSET MANAGEMENT SOFTWARE IN THE HEALTHCARE AND LIFE SCIENCES INDUSTRY 58
9.7 OTHERS 59
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10 FIXED ASSET MANAGEMENT SOFTWARE MARKET, BY REGION 60
10.1 INTRODUCTION 61
10.2 NORTH AMERICA 62
10.2.1 UNITED STATES 66
10.2.1.1 Growing adoption of partnership strategy and advanced technologies to drive the growth of fixed asset management software market in the US 66
10.2.2 CANADA 66
10.2.2.1 Efficient management of assets throughout its life cycle to drive the growth of fixed asset management software market in Canada 66
10.3 EUROPE 67
10.3.1 GERMANY 69
10.3.1.1 Advanced IT infrastructure and developed manufacturing industry to boost the growth of fixed asset management software market in Germany 69
10.3.2 UNITED KINGDOM 69
10.3.2.1 Increasing adoption of fixed asset management software by SMEs to boost the growth of fixed asset management software market in the UK 69
10.3.3 REST OF EUROPE 70
10.4 ASIA PACIFIC 70
10.4.1 JAPAN 74
10.4.1.1 Automation of asset management processes across industries transforming operational processes to boost the adoption of fixed asset management software in Japan 74
10.4.2 AUSTRALIA AND NEW ZEALAND 74
10.4.2.1 Growing need for enhancing return on assets to drive the growth of fixed asset management software market in ANZ 74
10.4.3 REST OF ASIA PACIFIC 74
10.5 MIDDLE EAST AND AFRICA 74
10.5.1 KINGDOM OF SAUDI ARABIA 77
10.5.1.1 Growing adoption of asset management solutions by large enterprises to drive the growth of fixed asset management software market in KSA 77
10.5.2 SOUTH AFRICA 77
10.5.2.1 Changing landscape of businesses to promote the growth of fixed asset management software market in South Africa 77
10.5.3 REST OF MIDDLE EAST AND AFRICA 78
10.6 LATIN AMERICA 78
10.6.1 BRAZIL 81
10.6.1.1 Increasing awareness about benefits of asset management solutions to enhance the business operations driving the adoption of fixed asset management software in Brazil 81
10.6.2 MEXICO 81
10.6.2.1 Enhanced asset monitoring practices by using fixed asset management software to boost the market in Mexico 81
10.6.3 REST OF LATIN AMERICA 81

11 COMPETITIVE LANDSCAPE 82
11.1 INTRODUCTION 82
11.2 COMPETITIVE SCENARIO 83
11.2.1 NEW PRODUCT/SOLUTION LAUNCHES AND PRODUCT ENHANCEMENTS 83
11.2.2 ACQUISITIONS 84
11.2.3 PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS 85
11.3 COMPETITIVE LEADERSHIP MAPPING 85
11.3.1 VISIONARY LEADERS 86
11.3.2 DYNAMIC DIFFERENTIATORS 86
11.3.3 INNOVATORS 86
11.3.4 EMERGING COMPANIES 86
12 COMPANY PROFILES 88
(Business Overview, Products, Services, Solutions & Platform, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
12.1 IBM 88
12.2 INFOR 91
12.3 SAP 94
12.4 MICROSOFT 97
12.5 ORACLE 100
12.6 SAGE 103
12.7 APTEAN 105
12.8 MAINTENANCE CONNECTION 107
12.9 IFS 109
12.10 ACUMATICA 111
12.11 EMAINT 113
12.12 AVEVA 113
12.13 RAMCO SYSTEMS 114
12.14 ABB 114
12.15 MAINSAVER 115
12.16 TRACET 115
*Details on Business Overview, Products, Services, Solutions & Platform, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
13 APPENDIX 116
13.1 DISCUSSION GUIDE 116
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS? SUBSCRIPTION PORTAL 120
13.3 AVAILABLE CUSTOMIZATIONS 122
13.4 RELATED REPORTS 122
13.5 AUTHOR DETAILS 123



List of Figures



FIGURE 1 FIXED ASSET MANAGEMENT SOFTWARE MARKET: RESEARCH DESIGN 19
FIGURE 2 FIXED ASSET MANAGEMENT SOFTWARE MARKET:
TOP-DOWN AND BOTTOM-UP APPROACHES 23
FIGURE 3 SEGMENTS WITH A HIGHER MARKET SHARE IN THE FIXED ASSET MANAGEMENT SOFTWARE MARKET IN 2019 27
FIGURE 4 NORTH AMERICA TO ACCOUNT FOR THE HIGHEST MARKET SHARE IN 2019 28
FIGURE 5 GROWING FOCUS OF ORGANIZATIONS ON OPTIMIZING ASSET UTILIZATION AND INCREASING RETURN ON ASSETS TO DRIVE THE GROWTH OF FIXED ASSET MANAGEMENT SOFTWARE MARKET 29
FIGURE 6 ENERGY AND UTILITIES INDUSTRY, AND UNITED STATES TO ACCOUNT FOR HIGH MARKET SHARES IN THE NORTH AMERICAN FIXED ASSET MANAGEMENT SOFTWARE MARKET IN 2019 30
FIGURE 7 AUSTRALIA AND NEW ZEALAND TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 31
FIGURE 8 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: FIXED ASSET MANAGEMENT SOFTWARE MARKET 32
FIGURE 9 SERVICES SEGMENT TO GROW AT A HIGHER CAGR DURING
THE FORECAST PERIOD 38
FIGURE 10 TRAINING AND SUPPORT SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 40
FIGURE 11 SMALL AND MEDIUM-SIZED ENTERPRISES SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 45
FIGURE 12 CLOUD SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 49
FIGURE 13 HEALTHCARE AND LIFE SCIENCES INDUSTRY TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 53
FIGURE 14 ASIA PACIFIC TO WITNESS SIGNIFICANT GROWTH DURING THE FORECAST PERIOD 61
FIGURE 15 NORTH AMERICA: MARKET SNAPSHOT 63
FIGURE 16 ASIA PACIFIC: MARKET SNAPSHOT 71
FIGURE 17 KEY DEVELOPMENTS BY LEADING PLAYERS IN THE FIXED ASSET MANAGEMENT SOFTWARE MARKET, 2017–2019 82
FIGURE 18 FIXED ASSET MANAGEMENT SOFTWARE MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2018 87
FIGURE 19 IBM: COMPANY SNAPSHOT 88
FIGURE 20 IBM: SWOT ANALYSIS 90
FIGURE 21 INFOR: COMPANY SNAPSHOT 91
FIGURE 22 INFOR: SWOT ANALYSIS 92
FIGURE 23 SAP: COMPANY SNAPSHOT 94
FIGURE 24 SAP: SWOT ANALYSIS 96
FIGURE 25 MICROSOFT: COMPANY SNAPSHOT 97
FIGURE 26 MICROSOFT: SWOT ANALYSIS 99
FIGURE 27 ORACLE: COMPANY SNAPSHOT 100
FIGURE 28 ORACLE: SWOT ANALYSIS 102
FIGURE 29 SAGE: COMPANY SNAPSHOT 103
FIGURE 30 IFS: COMPANY SNAPSHOT 109

 

List of Tables



TABLE 1 UNITED STATES DOLLAR EXCHANGE RATE, 2015–2017 17
TABLE 2 FACTOR ANALYSIS 24
TABLE 3 FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE, BY COMPONENT 2017–2024 (USD MILLION) 38
TABLE 4 SOFTWARE: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE, BY REGION, 2017–2024 (USD MILLION) 39
TABLE 5 SERVICES: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE, BY TYPE 2017–2024 (USD MILLION) 40
TABLE 6 SERVICES: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE, BY REGION, 2017–2024 (USD MILLION) 41
TABLE 7 CONSULTING AND IMPLEMENTATION MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 42
TABLE 8 TRAINING AND SUPPORT MARKET SIZE, BY REGION, 2017–2024 (USD MILLION) 43
TABLE 9 FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE, BY ORGANIZATION SIZE, 2017–2024 (USD MILLION) 45
TABLE 10 LARGE ENTERPRISES: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE BY REGION, 2017–2024 (USD MILLION) 46
TABLE 11 SMALL AND MEDIUM-SIZED ENTERPRISES: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE, BY REGION, 2017–2024 (USD MILLION) 47
TABLE 12 FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE, BY DEPLOYMENT TYPE, 2017–2024 (USD MILLION) 49
TABLE 13 ON-PREMISES: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE, BY REGION, 2017–2024 (USD MILLION) 50
TABLE 14 CLOUD: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 51
TABLE 15 FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE, BY INDUSTRY 2017–2024 (USD MILLION) 54
TABLE 16 ENERGY AND UTILITIES: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE BY REGION, 2017–2024 (USD MILLION) 55
TABLE 17 MANUFACTURING: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE BY REGION, 2017–2024 (USD MILLION) 56
TABLE 18 IT, TELECOM, AND MEDIA: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE, BY REGION, 2017–2024 (USD MILLION) 57
TABLE 19 TRANSPORTATION AND LOGISTICS: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE, BY REGION, 2017–2024 (USD MILLION) 57
TABLE 20 HEALTHCARE AND LIFE SCIENCES: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE, BY REGION, 2017–2024 (USD MILLION) 58
TABLE 21 OTHERS: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE, BY REGION, 2017–2024 (USD MILLION) 59
TABLE 22 FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 62
TABLE 23 NORTH AMERICA: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE BY COMPONENT, 2017–2024 (USD MILLION) 63
TABLE 24 NORTH AMERICA: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE BY SERVICE, 2017–2024 (USD MILLION) 64
TABLE 25 NORTH AMERICA: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE BY ORGANIZATION SIZE, 2017–2024 (USD MILLION) 64
TABLE 26 NORTH AMERICA: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE BY DEPLOYMENT TYPE, 2017–2024 (USD MILLION) 64
TABLE 27 NORTH AMERICA: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE BY INDUSTRY, 2017–2024 (USD MILLION) 65
TABLE 28 NORTH AMERICA: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE BY COUNTRY, 2017–2024 (USD MILLION) 65
TABLE 29 EUROPE: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE, BY COMPONENT, 2017–2024 (USD MILLION) 67
TABLE 30 EUROPE: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE, BY SERVICE, 2017–2024 (USD MILLION) 67
TABLE 31 EUROPE: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE BY ORGANIZATION SIZE, 2017–2024 (USD MILLION) 68
TABLE 32 EUROPE: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE, BY DEPLOYMENT TYPE, 2017–2024 (USD MILLION) 68
TABLE 33 EUROPE: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE, BY INDUSTRY, 2017–2024 (USD MILLION) 68
TABLE 34 EUROPE: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION) 69
TABLE 35 ASIA PACIFIC: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE BY COMPONENT, 2017–2024 (USD MILLION) 71
TABLE 36 ASIA PACIFIC: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE, BY SERVICE, 2017–2024 (USD MILLION) 72
TABLE 37 ASIA PACIFIC: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE BY ORGANIZATION SIZE, 2017–2024 (USD MILLION) 72
TABLE 38 ASIA PACIFIC: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE BY DEPLOYMENT TYPE, 2017–2024 (USD MILLION) 72
TABLE 39 ASIA PACIFIC: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE BY INDUSTRY, 2016–2023 (USD MILLION) 73
TABLE 40 ASIA PACIFIC: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION) 73
TABLE 41 MIDDLE EAST AND AFRICA: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE, BY COMPONENT, 2017–2024 (USD MILLION) 75
TABLE 42 MIDDLE EAST AND AFRICA: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE, BY SERVICE, 2017–2024 (USD MILLION) 75
TABLE 43 MIDDLE EAST AND AFRICA: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE, BY ORGANIZATION SIZE, 2017–2024 (USD MILLION) 75
TABLE 44 MIDDLE EAST AND AFRICA: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE, BY DEPLOYMENT TYPE, 2017–2024 (USD MILLION) 76
TABLE 45 MIDDLE EAST AND AFRICA: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE, BY INDUSTRY, 2017–2024 (USD MILLION) 76
TABLE 46 MIDDLE EAST AND AFRICA: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION) 77
TABLE 47 LATIN AMERICA: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE BY COMPONENT, 2017–2024 (USD MILLION) 78
TABLE 48 LATIN AMERICA: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE BY SERVICE, 2017–2024 (USD MILLION) 78
TABLE 49 LATIN AMERICA: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE BY ORGANIZATION SIZE, 2017–2024 (USD MILLION) 79
TABLE 50 LATIN AMERICA: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE BY DEPLOYMENT TYPE, 2017–2024 (USD MILLION) 79
TABLE 51 LATIN AMERICA: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE BY INDUSTRY, 2017–2024 (USD MILLION) 80
TABLE 52 LATIN AMERICA: FIXED ASSET MANAGEMENT SOFTWARE MARKET SIZE BY COUNTRY, 2017–2024 (USD MILLION) 80
TABLE 53 NEW PRODUCT/SOLUTION LAUNCHES AND ENHANCEMENTS, 2018–2019 83
TABLE 54 ACQUISITIONS, 2017–2019 84
TABLE 55 PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS, 2018–2019 85
TABLE 56 EVALUATION CRITERIA 85