
Report ID: SQSG40H2001
SkyQuest Technology's Asset management market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global Asset Management Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.
Asset Management Market size was valued at USD 373.69 Billion in 2023 and is poised to grow from USD 503.36 Billion in 2024 to USD 7348.21 Billion by 2032, growing at a CAGR of 34.7% during the forecast period (2025-2032).
The necessity for enhancing efficiency and decreasing expense is driving the asset management market growth. Lately, most of the companies are under constant pressure to smoothen their operations, reduce expenses, and increase ROI. With the increasing expense of acquiring and maintaining assets, organizations are increasingly implementing advanced asset management systems.
Advanced technologies like IoT, AI, and predictive analytics is utilized by asset management systems for monitoring the performance of asset in real time, detect irregularities, and solves problems before they increase. The predictive analytics helps the businesses to understand when an equipment can fail and require repair, which significantly decreases the high expense of sudden downtime and reactive maintenance.
The presence of cloud-intensive industries is increasing the necessity for asset management solutions. Furthermore, sectors like manufacturing, energy, utilities transportation, and mining are heavily dependent on useful physical assets such as machinery, infrastructure, and equipment for their operations. As these industries expand, managing the performance, maintenance, and complexity of these assets becomes more difficult. 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. Hence, several asset-intensive organizations are investing in advanced and innovative solutions to transform and upgrade their operational processes significantly.
US Asset Management Market is poised to grow at a sustainable CAGR for the next forecast year.
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Asset Management Market size was valued at USD 373.69 Billion in 2023 and is poised to grow from USD 503.36 Billion in 2024 to USD 7348.21 Billion by 2032, growing at a CAGR of 34.7% during the forecast period (2025-2032).
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. (United States) ', 'The Vanguard Group, Inc. (United States) ', 'State Street Global Advisors (United States) ', 'Fidelity Investments (United States) ', 'Allianz Global Investors (Germany) ', 'J.P. Morgan Asset Management (United States) ', 'Capital Group Companies, Inc. (United States) ', 'Amundi Asset Management (France) ', 'Legal & General Investment Management (United Kingdom) ', 'Franklin Templeton Investments (United States) ', 'Invesco Ltd. (United States) ', 'PIMCO (Pacific Investment Management Company LLC) (United States) ', 'UBS Group AG (Switzerland) ', 'Charles Schwab Investment Management, Inc. (United States) ', 'T. Rowe Price Group, Inc. (United States) ', 'Northern Trust Corporation (United States) ', 'Wellington Management Company, LLP (United States) ', 'Aberdeen Asset Management PLC (United Kingdom) ', 'Goldman Sachs Asset Management (United States) ', 'Schroders plc (United Kingdom)'
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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Report ID: SQSG40H2001
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