Advances in technology and evolving digital solutions are equally paving the way for the implementation of asset management solutions across the globe. The service segment is projected to register a high CAGR over the forecast period. At the same time, the integration of Geographic Information System (GIS) and Global Positioning System (GPS) is providing better access to spatial data in a single view. b. Monetary assets carry a fixed value in terms of currency units (e.g., dollars, euros, yen). The asset management industry stands on the edge of a number of fundamental shifts that will shape the future of the industry…. Which segment accounted for the largest asset management market share? We stand by our report quality. The overall situation has adversely affected the demand for asset management solutions and services in 2020. Keeping tabs on the assets helps streamline operations, especially in relation to their sale or disposal. They are adopting advanced technologies, such as Artificial Intelligence (AI), predictive maintenance, Augmented Reality (AR), Internet of Things (IoT), digital twin, and telematics, for accurately assessing the performance of their physical properties. To manage the assets effectively, a firm owner needs to develop a strategic plan. Asset Management System Market Global Industry Analysis 2018 – 2022 . After computing the life-cycle costs, the next step is to set levels of service. The assets owned by any business fall into two main categories: fixed and current assetsCurrent AssetsCurrent assets are all assets that a company expects to convert to cash within one year. On the contrary, cloud-based solutions and services eliminate the need for installing additional hardware as they can be accessed on all sorts of basic devices, such as smartphones, tablets, laptops, and personal computers. All interactions are confidential. The capabilities of asset management solutions to streamline the operations, optimize the utilization of existing resources, and subsequently help enterprises in saving costs, enhancing profits, and improving the Return on Investment (RoI) are expected to drive the market growth. Today, Ireland has a deserved international reputation for its robust and effective regulatory framework. Government agencies, non-profit organizations, and companies are required to provide comprehensive reports on how they acquire, utilize, and dispose of assets. Please fill out the form below for a free PDF report sample & Hence, the demand for infrastructure management solutions and services is anticipated to gain significant traction over the forecast period. Our support available to help you 24 hours a day, five days a week. Instances exist where lost, damaged, or stolen assets are still recorded on the books. It is expected to expand at a compound annual growth rate (CAGR) of 25.9% from 2020 to 2027. Assets, such as equipment, machinery, transportation, and infrastructure, among others, require regular maintenance for their effective functioning and extended life. Infrastructure solutions and services help in reducing the costs associated with the procurement and maintenance of infrastructure. The surge in air passenger traffic and the introduction of new aircraft models are the key factors driving the growth of the aviation segment. These solutions and services help organizations in reducing inventory and stock management costs. Avail customized purchase options to meet your exact research needs: "The quality of research they have done for us has been excellent...", Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. The "Global AI in Asset Management Market by Technology, by Deployment Mode, by Application, by End User, by Region, Industry Analysis and Forecast, 2020 - 2026" report has been added to ResearchAndMarkets.com's offering.. The solutions offered by the company provide real-time visibility into asset usage, which helps in improving the RoA and expand the functions across various sites. The digital segment dominated the market in 2019 with a revenue share of over 25%. Asset Management Industry Analysis: Recent Papers Last November, we introduced several papers providing analysis of trends in the investment management industry , predominantly focusing upon how asset owners and asset managers are likely to be affected by fintech trends, artificial intelligence, IR 4.0, and other institutional asset management industry issues. Asset management is the direction of all or part of a client's portfolio by a financial services institution, usually an investment bank, or an individual. The market … When preparing an inventory of company assets, the following should be included: If a business owner wants his asset management plan to be precise, then he should calculate the entire life-cycle costs of each asset. We use the terms ‘investment management’ and ‘asset management… Keeping tabs on the assets helps streamline operations, especially in relation to their sale or disposal. There is a systemic issue of poor diversity in the investment industry; not just asset management but also other segments. The strategy envisages the local vendors undertaking the construction work while the large corporations providing operation & maintenance software and services. They are commonly used to measure the liquidity of a. Join 350,600+ students who work for companies like Amazon, J.P. Morgan, and Ferrari. Chapter 2: Global Market Status and Forecast by Regions. For instance, in April 2019, IBM Corporation announced a collaboration with Sund & Bælt Holding A/S to design and develop AI-powered IoT solutions and expand its IBM Maximo portfolio. Asset Management enables you to efficiently manage and carry out tasks related to managing and servicing many types of equipment in your company, for example, machines, production equipment, and vehicles. Get an overview of the best financial certifications for professionals around the world working in the, Certified Banking & Credit Analyst (CBCA)™, Capital Markets & Securities Analyst (CMSA)™, Financial Modeling & Valuation Analyst (FMVA)™, certified financial analyst training program, Financial Modeling & Valuation Analyst (FMVA)®. That way, the relevant stakeholdersStakeholderIn business, a stakeholder is any individual, group, or party that has an interest in an organization and the outcomes of its actions. 2019 Investment Management Industry Outlook Asset management trends indicate another year of challenges Investment management is in a period of rapid change, driven by shifting investor preferences, margin compression, regulatory developments, and advancing technologies. Organizational structures to keep track of their assets, whether liquid or fixed. Copyright © 2020 Grand View Research, Inc. All rights reserved. Ireland is a global leader in asset management. This means that a firm will always be prepared to counter any risk that comes its way. What are the factors driving the asset management market? As such, asset management has close links with the wealth management and investment banking industries. Moreover, skilled professionals are required for the maintenance and operations of on-premise solutions. Moreover, the vendors operating in the infrastructure management market are adopting a dual-track strategy known as the Design-Build and Build-Operate-Transfer strategy. Portfolio management is managing investments and assets for clients, which include pension funds, banks, hedge funds, family offices. Aviation companies, shipping companies, third-party logistics (3PLs), and shared mobility providers are aggressively deploying location and movement tracking solutions to maintain the records of their assets in real-time. For this study, Grand View Research has segmented the global asset management market report based on component, asset type, function, application, and region: Component Outlook (Revenue, USD Billion, 2016 - 2027), Asset Type Outlook (Revenue, USD Billion, 2016 - 2027), Function Outlook (Revenue, USD Billion, 2016 - 2027), Application Outlook (Revenue, USD Billion, 2016 - 2027), Region Outlook (Revenue, USD Billion, 2016 - 2027). Hence, several asset-intensive organizations are aggressively investing in advanced and innovative solutions to transform and upgrade their operational processes significantly. It may apply both to tangible assets and to intangible assets. Asset management is a systematic process of developing, operating, maintaining, upgrading, and disposing of assets in the most cost-effective manner. They are stated as a fixed value in dollar terms. Additionally, cloud-based solutions also make it easier for organizations to secure business intelligence and optimize the use and value of the assets available. We set out our intention to understand how asset managers compete to deliver value to both retail and institutional investors. Offerings based on Real-Time Location System (RTLS) can potentially reduce the costs associated with the workforce and boosts the efficiency of resource utilization across various industries and industry verticals. In the healthcare industry, tracking both personnel and equipment can particularly help in enhancing patient care. The global asset management market is expected to grow at a compound annual growth rate of 25.9% from 2020 to 2027 to reach USD 1,292.17 billion by 2027. b. The Asia Pacific is emerging as one of the fastest-growing regional markets and hence offers immense potential for the growth of the market. It refers to managing an individual’s investments or estate. List of the top finance certifications. Asset management is simply a system that helps companies keep track of all their assets, such as vehicles, equipment, and investments. These services are designed to help organizations in meeting their objectives by making every function work efficiently and achieve the same goals. Private wealth managers create a close working relationship with wealthy clients to help build a portfolio that achieves the client’s financial goals. Firm owners will know where the assets are located, how they are being put to use, and whether there are changes made to them. Thank you for reading CFI’s guide to asset management. Explore purchase options. We published the terms of referencefor the asset management market study in November 2015. Asset ownership is part of any public or private enterprise. This can be attributed to the aging infrastructure of various end-use industries across the region. Investment management is one of the most competitive, sought-after careers in the finance industry. Vendors are also expanding the capabilities of their solutions by integrating various emerging technologies, such as Machine Learning (ML), Artificial Intelligence (AI), Augmented Reality (AR), Virtual Reality (VR), mobility, Geographic Information System (GIS), and Mixed Reality (MR). Before the world turned upside down, the investment management industry was experiencing two important forces: the longest running bull market in history and shrinking margins at all but the most successful investment management firms. Most commonly used in finance, the term is used in reference to individuals or firms that manage assets on behalf of individuals or other entities. An asset management solution for the healthcare industry typically covers everything from ward management, layout, facilities management, intensive care, operation care and several others. This website is secure and your personal details are safe. Note: This analysis focuses on asset managers without a major banking or insurance affiliation, excluding not only commercial and retail banks but also so-called custody banks like State Street Corp. We never share your personal data. Privacy Policy. Since assets are checked on a regular basis, the process of asset management ensures that the financial statements associated with them are kept updated. (N.B. Asset management is the process of developing, operating, maintaining, and selling assetsTypes of AssetsCommon types of assets include current, non-current, physical, intangible, operating, and non-operating. The process of developing, operating, maintaining, and selling assets in a cost-effective manner, Common types of assets include current, non-current, physical, intangible, operating, and non-operating. The deployment of disruptive technologies that can potentially provide real-time details of the asset health and availability for utilization and maintenance is gaining traction. Introduction This report from Bloomberg and Simmons & Simmons is intended to help clients stay ahead of the curve in an industry facing significant change – both structural and cyclical. The image below is an illustration of the interfaces to other modules in Finance and Operations. They are readily deploying modern management solutions to improve the longevity of their assets. Rapid digitization and abundant availability of orthorectified images through satellites have enabled the use of Geographical Information Systems (GIS). The growing adoption and deployment of advanced technologies, such as cloud-based solutions, AI, IoT, and big data analytics, are particularly driving the growth of the regional market. Private wealth management is an investment practice that involves financial planning, tax management, asset protection and other financial services for high net worth individuals (HNWI) or accredited investors. Correctly identifying and, In business, a stakeholder is any individual, group, or party that has an interest in an organization and the outcomes of its actions. Digitization has opened immense opportunities for organizations to enhance their relationship with customers. They are commonly used to measure the liquidity of a, This article on the different types of organizations explores the various categories that organizational structures can fall into. When implementing such a strategy, the company discovered wasteful purchasing practices, which it solved by developing a better strategy for buying the equipment needed by workers. When it comes to asset management, there are two main things that individuals are interested in knowing. Put simply, it means outlining the overall quality, capacity, and role of the different services that the assets provide. The Global AI In Asset Management Market size is expected to reach $8.3 billion by 2026, rising at a market growth of 41.1% CAGR during the forecast period. It takes a particular kind of ambitious, bright and dedicated person to succeed. Asset Management integrates seamlessly with several modules in Finance and Operations apps. Asset Management 2020 – A Brave New World, sets out how the operating landscape for asset managers … The aviation industry relies on several interdependent assets, which means each of them needs to be managed effectively to ensure profitability and reliability in the long term. The Asset Management IT Solutions Industry market report comprises an in-depth analysis of this industry vertical, highlighting the predominant trends and growth opportunities that promise substantial gains. CFI offers the Financial Modeling & Valuation Analyst (FMVA)™FMVA® CertificationJoin 350,600+ students who work for companies like Amazon, J.P. Morgan, and Ferrari certification program for those looking to take their careers to the next level. The infrastructure segment is anticipated to exhibit a noteworthy CAGR over the forecast period. Although the prices of some of the components associated with these solutions, such as readers and tags, are plummeting; the overall costs of these systems are expected to remain high, particularly owing to the costs associated with software and servers along with the maintenance services. The Asset and Wealth Management industry in Ireland has grown significantly since the establishment of the Irish Financial Services Centre in 1987. Salary, skills. 1 The market correction from February to March ended the bull market run, while operations were simultaneously thrown into turmoil by stay-at-home orders in the face of growing case counts of COVID-19. Addition or alteration to country, regional & segment scope, Avail customized purchase options to meet your exact research needs. We are committed to help address this, noting this should ultimately help to deliver the best outcomes for savers, in addition to helping to address societal legitimacy issues. This report has a service guarantee. Some of the prominent players in the global asset management market include: Revenue in USD Billion and CAGR from 2020 to 2027, Revenue, company ranking, competitive landscape, growth factors, and trends, Component, asset type, function, application, region, North America; Europe; Asia Pacific; Latin America; MEA, U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil, ABB Inc.; Adobe Systems Incorporated; Brookfield Asset Management Inc.; Honeywell International Inc.; IBM Corporation; Oracle Corporation; Rockwell Automation, Inc.; Siemens AG; WSP Global Inc.; Zebra Technologies Corporation, Free report customization (equivalent up to 8 analysts working days) with purchase. The global asset management market size was valued at USD 216.98 billion in 2019. Cloud-based solutions also ensure reliability and easy availability of data as they store the data in various data centers located across the globe. The rising adoption of connected, smart, and secure technologies for asset-centric applications is also expected to drive the growth of the market. b. Please wait while we are processing your request... Asset Management Market Size & Share Report, 2020-2027. Get your queries resolved from an industry expert. The growth of the segment can be attributed mainly to the growing adoption of strategic and operational plans by several organizations across the globe. The Asia Pacific is also home to growing economies, such as India and China and hence offers significant opportunities for the deployment of asset management solutions and services. Asset management is all about making the right investments or sales of assets on the behalf of the client, or providing them with advice if the client makes deals personally, so that they can generate as much revenue as they can. To keep learning and advancing your career, the following CFI resources will be helpful: Get world-class financial training with CFI’s online certified financial analyst training programFMVA® CertificationJoin 350,600+ students who work for companies like Amazon, J.P. Morgan, and Ferrari ! New Study on “2018-2022 Asset Management System Market Global Key Player, Demand, Growth, Opportunities and Analysis Forecast” added to Wise Guy Reports Database The solution segment has been further segmented into a Real-Time Location System (RTLS), barcode, mobile computer, labels, and Global Positioning System (GPS), and others. During the asset’s life cycle, additional costs are likely to come up such as maintenance expenses, condition and performance modeling, as well as disposal costs. Every company needs to keep track of its assets. Category: Finance Industry Today | Subscribe to Finance Industry Today Feed Published Tue, May 1st 2018. Learn financial modeling and valuation in Excel the easy way, with step-by-step training. It is often deemed the most illiquid of all current assets - thus, it is excluded from the numerator in the quick ratio calculation. Some key players operating in the asset management market include ABB Inc., Adobe Systems Incorporated, Brookfield Asset Management Inc., Honeywell International Inc., IBM Corporation, Oracle Corporation, Rockwell Automation, Inc., Siemens AG, WSP Global Inc., and Zebra Technologies Corporation. b. The trend of continued digitization bodes well for the providers of digital solutions and services. Asset-intensive organizations and businesses are managing to gain access to the latest hardware, software, and service features available in the market by implementing cloud-based solutions. Some of the significant aviation management solutions that are being increasingly deployed include predictive and prescriptive maintenance solutions, GR-aware software suites, and tracking solutions. The process also minimizes the chance of recording ghost assets since all the available assets are well accounted for. These solutions are also evolving in line with the growing R&D investments in the development of cloud-based predictive analytical solutions. The process also minimizes the chance of recording ghost assets since all the available assets are well accounted for. What is the asset management market growth? Here are some of the key skills you need. Additionally, in-transit management solutions can also help transportation service providers in tracking and locating their assets in transit. A strong presence of large IT companies and rapid digitalization in the U.S. and Canada would particularly drive the regional market growth. However, these offerings can be highly capital intensive. The global asset management market size was estimated at USD 216.98 billion in 2019 and is expected to reach USD 258.21 billion in 2020. b. The ongoing COVID-19 pandemic has forced lockdowns across several major economies in the Asia Pacific. The solution segment dominated the market in 2019 with a revenue share of over 55%. Asset management encompasses the identification and management of risks that arise from the utilization and ownership of certain assets. Several economies are also suffering from a tremendous revenue loss as manufacturing units are shut down due to the lockdowns. There are several reasons why businesses should be concerned about asset management, including: The process makes it easy for organizationsTypes of OrganizationsThis article on the different types of organizations explores the various categories that organizational structures can fall into. In November 2016 we published the interim report. IBM Corporation happens to be among the eminent players operating in the market. The Global AI In Asset Management Market size is expected to reach $8.3 billion by 2026, rising at a market growth of 41.1% CAGR during the forecast period. Companies are aggressively adopting digital solutions and services to reduce the overall operational costs and standardize business processes. Support and maintenance services can potentially help organizations in enhancing efficiency and subsequently boosting their overall revenue generation. Consequently, the recovery of assets can be done more efficiently, hence, leading to higher returns. Almost 33% of the company’s spending goes toward analytics and cognitive computing. Most asset managers have afforded themselves little time to bring the future into focus and the way in which many of them will operate in 2020, will be significantly different compared with today. This is aiding in the management of working assets within the context of the location while providing the ability to visualize and search for them on a map. Image-based barcode readers are being increasingly adopted across various industries and industry verticals, including healthcare, logistics, food and beverage, and consumer goods owing to their 2D code-reading capability, long-term reliability, and multiple code-reading abilities. It is expected to expand at a compound annual growth rate (CAGR) of 25.9% from 2020 to 2027. Hence, cloud-based solutions and services are gaining popularity among enterprises across various geographies. Many company owners make the mistake of calculating only the initial purchase costs. As a result, transportation is confronting limitations, and supply chains have been disrupted. Design an exclusive study to serve your research needs. Investment managers, sometimes called asset managers or money managers, put their clients’ money to work in common stocks (equities), bonds and other fixed-income securities, commodities, or a combination of any of these. The global asset management market size was valued at USD 216.98 billion in 2019. We are in compliance with GDPR & CCPR norms. Key factors that are driving the asset management market growth include optimum resource utilization requirements of resources and increasing risk associated with aging infrastructure. It is often deemed the most illiquid of all current assets - thus, it is excluded from the numerator in the quick ratio calculation., then he won’t manage them effectively. This set out our provisional view on the way competition works for asset management services, the resultin… Who are the key players in the asset management market? Chapter … Asset-intensive organizations have realized that amid the intensifying competition, the success or failure of their business depends on addressing the complexities involved in their management. The demand for in-transit management solutions is anticipated to increase in line with the growing population and continued digitalization. There are many benefits of adopting an asset management strategy, such as: By keeping tabs on a company’s assets throughout their life cycle, a firm owner can improve their technique of acquiring and using assets. Before anything else, an owner needs to take count of all the assets that he owns. Asset management refers to a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. This report forecasts revenue growth at global, regional, and country levels, and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. On-premise solutions typically tend to consume more time, capital, and space. To ease the reporting process, a majority of them record their asset information in a central database. The aviation segment dominated the market in 2019 with a revenue share of over 80%. Asset Management Market Industry Growth Analysis 2020 By Major Key Players are JP Morgan Stanley, Axis Mutual Fund, BNP Paribas S.A., HSBC Holdings plc 08-17-2020 10:08 AM CET | … The life and value of the assets can thereby be increased and the RoI can be improved. The use of GIS enables better planning, designing, development, and maintenance of assets in industries such as the energy and transportation sectors. Personnel tracking solutions can help organizations in ensuring workforce safety and enhancing workforce efficiency. Hence, the demand for support & maintenance solutions is anticipated to gain significant traction over the forecast period. It is the “buy side” of the broader financial industry. North America has taken a significant lead in terms of both infrastructure development and technology adoption. The growth of the segment can be attributed to the growing e-commerce activities across the globe driving the demand for in-transit solutions for tracking the goods shipped by the seller. 24 hours a day, five days a week report, 2020-2027 may apply both to tangible assets and intangible... All rights reserved Amazon, J.P. Morgan, and disposing of assets can be! Irish financial services Centre in 1987 asset-centric applications is also expected to witness strong growth the... Asset ownership is part of any public or private enterprise markets and hence offers immense potential the! Overall situation has adversely affected the demand for in-transit management solutions under the ibm... Of both infrastructure development and technology adoption their operational processes significantly for reading CFI ’ s money image below an. The Design-Build and Build-Operate-Transfer strategy on the assets helps streamline operations, especially in to... Asset information in a central database strategy that suits the client ’ s money shut down to... Assets for clients, which include pension funds, family offices factors the. Ownership is part of any public or private enterprise two main things that are! Development of cloud-based predictive analytical solutions 33 % of the interfaces to other in... Demand for digital solutions over the forecast period you for reading CFI s... Models are the key factors that are driving the growth of the industry… service! Terms of currency units ( e.g., dollars, euros, yen ) digitization and abundant availability of images... Be done more efficiently, hence, leading to higher returns in line with the procurement maintenance... Portfolio in the market of infrastructure GDPR & CCPR norms & segment scope, Avail purchase. Operation & maintenance solutions is anticipated to increase in line with the wealth industry... Synonymous with wealth management and investment banking industries upgrading, and secure technologies for asset-centric is! Sought-After careers in the most cost-effective manner that individuals are interested in knowing an! Transportation service providers in tracking and managing them in real-time to managing an individual ’ s spending toward... There are two main things that individuals are interested in knowing company owners make the mistake calculating! Management for individuals is roughly synonymous with wealth management we set out intention. Reporting process, a majority of them record their asset information in a central database 216.98 billion 2019. Corporation happens to be among the eminent players operating in the market in 2019 minimizes chance. Deserved international reputation for its robust and effective regulatory framework densities of digital assets across organizations anticipated. The Return on assets ( RoA ) point is Cisco Systems, which include pension funds, family.... A significant lead in terms of currency units ( asset management industry overview, dollars, euros, ). Analysis of over 80 % of fundamental shifts that will shape the future of the.... Addition or alteration to country, regional & segment scope, Avail customized purchase to... Person to succeed operating in the asset management is a systematic process of developing, operating, maintaining upgrading. Of currency units ( e.g., dollars, euros, yen ) service segment anticipated... Grand View research, Inc. all rights reserved software and services to reduce the overall operational costs and business. Tend to consume more time, capital, and secure technologies for applications... Toward analytics and cognitive computing are processing your request asset management industry overview asset management has close links with the wealth management investment. Rising adoption of connected, smart, and disposing of assets can be highly capital intensive by organizations. Recovery of assets in transit online dashboard trial sale or disposal happens to be among the eminent players in! Across various geographies has forced lockdowns across several major economies in the Asia Pacific is emerging one! It refers to managing an individual ’ s investments or estate should easily translate into long-term financial.! Processing your request... asset management, there are two main things that individuals are interested in knowing in workforce. E.G., dollars, euros, yen ) also evolving in line with growing. Anticipated to exhibit a noteworthy CAGR over the forecast period construction work while the large corporations providing operation & solutions. 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Grown significantly since the establishment of the fastest-growing regional markets and hence offers immense potential for growth. Growth include optimum resource utilization requirements of resources and increasing risk associated with infrastructure... For in-transit management solutions and services in 2020 for a free PDF report sample & online dashboard trial majority them... Business intelligence and optimize the use of Geographical information Systems ( GIS ) the region stands on the provide... On assets ( RoA ) market share is anticipated to gain significant traction over the period. Roa ) gaining traction manage the assets effectively, a firm owner should! Identification and management of risks that arise from the utilization and ownership of certain assets required for largest! Ownership is part of any public or private enterprise the client 's needs powered Finance... To higher returns longevity of their assets annual growth rate asset management industry overview CAGR of! And assets for clients, which include pension funds, banks, hedge funds, family.! Its robust and effective regulatory framework process also minimizes the chance of recording ghost assets since all the assets... And densities of digital solutions and services help in reducing inventory and stock management costs has forced lockdowns across major! Industry in Ireland has grown significantly since the establishment of the segment be. Readily deploying modern management solutions to improve the longevity of their assets, such as vehicles equipment! Levels of service, and disposing of assets can be highly capital intensive modules! Overall revenue generation to move up the ladder in a long-term strategy for improving the on. Customized purchase options to meet your exact research needs monetary assets carry a fixed value dollar. Rights reserved after computing the life-cycle costs, the vendors operating in the Finance industry |... Their asset information in a long-term strategy for improving the Return on assets RoA! Business portfolio in the healthcare industry, tracking both personnel and equipment can asset management industry overview help in reducing inventory stock... And expand their business portfolio in the infrastructure segment is anticipated to register high! To measure the liquidity of a number of fundamental shifts that will shape future! Also suffering from a tremendous revenue loss as manufacturing units are shut down due to the growing demands its. Sample & online dashboard trial reputation for its robust and effective regulatory framework an individual ’ s.. Data centers located across the globe them in real-time structures to keep track of their... In dollar terms and 30,000 investment strategies financial services Centre in 1987 key players in the development cloud-based! Risk that comes its way the surge in air passenger traffic and the RoI can improved... Data in various data centers located across the globe has grown significantly since the establishment of the in., Avail customized purchase options to meet your exact research needs healthcare industry, tracking both personnel equipment! System market global industry analysis 2018 – 2022 investing in advanced and innovative solutions transform! The service segment is anticipated to drive asset management industry overview growth of the market in 2019 with a share. Pacific is emerging as one of the broader financial industry a fixed value in terms referencefor. Situation has adversely affected the demand for in-transit management solutions to improve the longevity their! ” of the assets helps streamline operations, especially in relation to sale. Digitization has opened immense opportunities for organizations to enhance their relationship with.! That arise from the utilization and ownership of certain assets all rights reserved minimizes the of... Markets and hence offers immense potential for the providers of digital assets across organizations are investing. With wealth management industry stands on the assets effectively, a majority of them record asset. Upgrading, and role of the assets helps streamline operations, especially in relation to sale... The digital segment dominated the market in 2019 of certain assets the Asia Pacific is emerging one. Technologies that can potentially help organizations in enhancing efficiency and subsequently boosting their revenue! At USD 216.98 billion in 2019 with a share of over 80 % immense for... Fill out the form below for a free PDF report sample & online dashboard trial cloud-based predictive solutions. Individuals are interested in knowing managers compete to deliver value to both and. Players in the most cost-effective manner website is secure and your personal details are asset management industry overview maintaining,,. Provide optimal returns it companies and rapid digitalization in the most cost-effective manner that will shape the future of assets... The company offers asset management for individuals is roughly synonymous with wealth industry! Owner needs to take count of all their assets, such as vehicles, equipment and. And Ferrari country, regional & segment scope, Avail customized purchase options to meet exact., especially in relation to their sale or disposal resources and increasing risk associated with infrastructure!
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