Global Asset Management Market

Global Asset Management Market Size, Share, Growth Analysis, By Component(Solutions, Services), By Asset Type(Digital, In-transit), By Function(Location & Movement Tracking, Repair & Maintenance), By Application(Infrastructure, Enterprise) - Industry Forecast 2023-2030


Report ID: SQSG40H2001 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 115 | Figures: 77

Global Asset Management Market Insights

Global Asset Management Market size was valued at USD 277.42 billion in 2021 and is poised to grow from USD 373.69 billion in 2022 to USD 5455.24 billion by 2030, growing at a CAGR of 34.7% in the forecast period (2023-2030).

Asset management is the system that manages, supervises, and optimizes the business resources, assets, and protects customers. With increasing number of startups, especially across emerging economies such as India and China improve the need for asset protection.

Small and medium sized enterprises are increasing the adoption of asset management solutions to optimize and utilize their resources and gain maximum revenues. These solutions and services aid the organizations to enhance their profits, save cost, reduce the losses, and increase the return of investments. Hence, key players are integrating cutting-edge technologies such as artificial intelligence (AI), big data science, and machine learning to provide real-time high-quality data. These technologies will also help the organizations to keep the track of dataflow in real-time.

US Asset Management Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 277.42 billion

Largest Segment

Solutions

Fastest Growth

Services

Growth Rate

34.7% CAGR

Global Asset Management Market, 2021-2027 ($ Mn)
Country Share for North America Region- 2021 (%)
Global Asset Management Market Size By Component , 2021-2027 ($ Mn)
Global Asset Management Market Size By Component , 2021-2027 (%)

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Global Asset Management Market Segmental Analysis

Asset Management Market is segmented based on component, asset type, application, and function across major regions. Based on component, the Asset Management Market is further bifurcated into solutions and services. Based on Asset Type Asset Management Market is categorized into: Digital and In-transit. Based on Function it is segmented into: Location & Movement Tracking, Repair & Maintenance. Based on Application the Asset Management Market is categorized into Infrastructure, Enterprise, Healthcare, and Aviation. Based on region Asset Management Market is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.

Asset Management Market Analysis by Component

Based on component, the solution segment is expected to account for largest share in the Global Asset Management Market. Surging digitization across the globe and availability of increasing number of data and images through global information systems will drive the sales in GPS segment.

Integration of GPS in the businesses or an organization increases the efficiency, maintenance, and development of the assets. Rising application of asset management solutions in healthcare, energy, transportation, manufacturing, and IT industries will fuel the growth in the segment. Advent of cutting-edge technologies in these solutions such as telematics, sensor, AI, and others is creating a conducive environment for the growth in the market. As per the study, over 55.4% of asset management sales are expected to be contributed by asset management solutions.

Asset Management Market Analysis by Asset type

In terms of asset type, the digital segment is expected to hold maximum revenue share, contributing over 26.2% of sales in the global market. Increasing adoption of digital applications and solutions to reduce the operational costs will fuel the demand in the segment. Increasing volume of digital data and assets in organizations is pushing the businesses to improve the adoption of asset management digital solutions. However, the in-transit segment is expected to witness fastest growth owing to the expansion of e-commerce industry.

Asset Management Market Analysis by Application

As per the study, over 78% of asset management sales are expected to concentrate in aviation industry. Increasing air traffic and launch of new aircraft models will improve the need for asset management solutions. As aviation industry extensively relies on numerous independent assets, need for asset management solutions has surged. Hence, key providers are deploying their asset management solutions to cater to the growing demand for improving the profitability and reliability.

Besides this, infrastructure segment is expected to witness highest growth over the forecast period. In order to reduce the costs associated with the maintenance and procurement of infrastructure, leading companies are deploying the asset management solutions with advanced technologies. This is expected to create remunerative growth opportunities in the market.

Global Asset Management Market By Component , 2021(%), 2021 (%)

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Global Asset Management Market Regional Insights

North America is expected to emerge as the fastest growing market over the projection period. Growth is primarily attributed to the expansion of IT & telecom, infrastructure, and aviation industries in the U.S. With increasing volume of data and growing number of IT firms in the U.S., the need for enterprise asset management solutions is slated to rise. On account of this, sales of asset management solutions across North America are expected to account for nearly 32% of demand share.

Besides this, by the end of 2028, Asia Pacific asset management market is projected to be the most lucrative pocket, with India leading the growth in the region. Increasing number of start-ups and development of modern infrastructure in the country will fuel the growth in the region. Increasing deployment of cloud-based solutions, adoption of AI, big data, and IoT in diverse industries, especially in India and China, will drive the demand in Asia Pacific.

Global Asset Management Market By Geography, 2021 - 2027, 2023-2030
  • Largest
  • Fastest

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Global Asset Management Market Dynamics

Asset Management Market Driver

  • Need for optimization and resource utilization in small- and medium-sized enterprises will drive the demand for asset management solutions. Apart from this, infrastructure asset management solutions for aging infrastructure will fuel the growth in the market.
  • The increasing wealth of high-net-worth individuals and the mass affluent, as well as a significant shift to defined contribution retirement investments, are driving massive growth in the Asset & Wealth Management industry.
  • As investors diversify to reduce volatility and achieve specific outcomes, alternative asset classes particularly real assets, private equity, and private debt will more than double in size and fueling the market growth in future.

Asset Management Market Restraint

  • High cost associated with onsite asset management solutions is likely to limit the sales in the market. Complications regarding the trade-off and accuracy, power consumption, and range with real-time location system (RTLS) solutions might hamper the demand.
  • Some asset management solutions, such as tags and readers, are becoming significantly less expensive. However, the overall costs of these solutions continue to be high since they include infrastructure costs such as software and servers, as well as maintenance and other costs.

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Global Asset Management Market Competitive Landscape

Leading players operating in the Global Asset Management Market are focusing on developing advanced and cost-effective solutions to cater to the specific needs of the businesses. Some of the leading players are collaborating and entering into agreements with end users to expand their customer base.

Asset Management Market Top Players Company Profiles

  • BlackRock, Inc.
  • The Vanguard Group, Inc.
  • State Street Global Advisors
  • Fidelity Investments
  • Allianz Global Investors
  • J.P. Morgan Asset Management
  • Capital Group Companies, Inc.
  • Amundi Asset Management
  • Legal & General Investment Management
  • Franklin Templeton Investments
  • Invesco Ltd.
  • PIMCO (Pacific Investment Management Company LLC)
  • UBS Group AG
  • Charles Schwab Investment Management, Inc.
  • T. Rowe Price Group, Inc.
  • Northern Trust Corporation
  • Wellington Management Company, LLP
  • Aberdeen Asset Management PLC
  • Goldman Sachs Asset Management
  • Schroders plc

Asset Management Market Recent Developments

  • In January 2022, Ambit Asset Management announced the launch of ‘Ambit TenX Portfolio’ for high-net-worth investors to optimize the businesses and reduce the cost.
  • In November 2021, Marathon Asset Management entered into a definitive agreement with Kaleo, a privately held pharmaceutical company to optimize and manage the data of the company.
  • In April 2021, Zebra Technologies Corporation announced the collaboration with Connect Alliance Track for the non-reselling partners.

Global Asset Management Key Market Trends

  • Rapid digitization and adoption of advanced technologies such as AI, IoT, and big data science to optimize the data and improve the efficiency of the businesses through real-time high-quality data will drive the sales in the market.
  • Reduced equipment downtime and need for optimized utilization of resources will improve the sales of asset management solutions. Increasing volume of data coupled with high risk of data breaches in IT and government sectors will push the adoption over the forecast period.

Global Asset Management Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analysis, current attempts to construct an Assets Management are centered on the peaceful coexistence of stakeholders of all sizes, promote decentralised division of power, and hasten the transition to web 3.0. The promise of the Assets Management is based on the disruption of existing technologies and the integration of multiple platforms for value creation in a virtual universe of possible applications spanning work, entertainment, financing, trade and exchange of services, virtual travel, gaming, and digital engagements in an immersive self-sustaining ecosystem powered by digital currencies and enabling edge computing.

Report Metric Details
Market size value in 2021 USD 277.42 billion
Market size value in 2030 USD 5455.24 billion
Growth Rate 34.7%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Component
    • Solutions, Services
  • Asset Type
    • Digital, In-transit
  • Function
    • Location & Movement Tracking, Repair & Maintenance
  • Application
    • Infrastructure, Enterprise, Healthcare, Aviation
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • BlackRock, Inc.
  • The Vanguard Group, Inc.
  • State Street Global Advisors
  • Fidelity Investments
  • Allianz Global Investors
  • J.P. Morgan Asset Management
  • Capital Group Companies, Inc.
  • Amundi Asset Management
  • Legal & General Investment Management
  • Franklin Templeton Investments
  • Invesco Ltd.
  • PIMCO (Pacific Investment Management Company LLC)
  • UBS Group AG
  • Charles Schwab Investment Management, Inc.
  • T. Rowe Price Group, Inc.
  • Northern Trust Corporation
  • Wellington Management Company, LLP
  • Aberdeen Asset Management PLC
  • Goldman Sachs Asset Management
  • Schroders plc
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Asset Management Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Asset Management Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Asset Management Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Asset Management Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Asset Management Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Asset Management Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Global Asset Management Market size was valued at USD 277.42 billion in 2021 and is poised to grow from USD 373.69 billion in 2022 to USD 5455.24 billion by 2030, growing at a CAGR of 34.7% in the forecast period (2023-2030).

Leading players operating in the Global Asset Management Market are focusing on developing advanced and cost-effective solutions to cater to the specific needs of the businesses. Some of the leading players are collaborating and entering into agreements with end users to expand their customer base. 'BlackRock, Inc.', 'The Vanguard Group, Inc.', 'State Street Global Advisors', 'Fidelity Investments', 'Allianz Global Investors', 'J.P. Morgan Asset Management', 'Capital Group Companies, Inc.', 'Amundi Asset Management', 'Legal & General Investment Management', 'Franklin Templeton Investments', 'Invesco Ltd.', 'PIMCO (Pacific Investment Management Company LLC)', 'UBS Group AG', 'Charles Schwab Investment Management, Inc.', 'T. Rowe Price Group, Inc.', 'Northern Trust Corporation', 'Wellington Management Company, LLP', 'Aberdeen Asset Management PLC', 'Goldman Sachs Asset Management', 'Schroders plc'

Need for optimization and resource utilization in small- and medium-sized enterprises will drive the demand for asset management solutions. Apart from this, infrastructure asset management solutions for aging infrastructure will fuel the growth in the market.

Rapid digitization and adoption of advanced technologies such as AI, IoT, and big data science to optimize the data and improve the efficiency of the businesses through real-time high-quality data will drive the sales in the market.

North America is expected to emerge as the fastest growing market over the projection period. Growth is primarily attributed to the expansion of IT & telecom, infrastructure, and aviation industries in the U.S. With increasing volume of data and growing number of IT firms in the U.S., the need for enterprise asset management solutions is slated to rise. On account of this, sales of asset management solutions across North America are expected to account for nearly 32% of demand share.

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