Market Overview:
The global fixed asset tracking software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based and on-premises fixed asset tracking software solutions by small and medium enterprises (SMEs) and large enterprises across different regions. Additionally, the growing trend of digitization is also contributing significantly to the growth of this market.
Product Definition:
Fixed Asset Tracking Software is used to manage and track the movement of fixed assets within an organization. This software can help organizations keep track of their assets, as well as where they are located and who currently has possession of them. The importance of Fixed Asset Tracking Software lies in its ability to help organizations keep track of their valuable assets, ensuring that they are properly accounted for and utilized.
Cloud-based:
Cloud-based software is a type of software service that provides functionality to manage and maintain data in the cloud. It helps organizations eliminate hardware constraints, reduce IT costs, and improve flexibility. Cloud-based solutions are gaining popularity due to their ability to scale easily as per requirement without any hassle of maintaining physical infrastructure or servers. These solutions also help businesses in improving operational efficiency by reducing manual processes between departments and functions such as finance & accounting, logistics & inventory management among others.
On-premises:
On-premises is a term used for software that is installed and operated from the same computer on which the data and applications are generated. The information processed by on-premises software can be either in human-readable or machine format. On-premise software solutions have been widely used owing to their benefits such as high data security, easy retrieval of critical information in case of theft, fraud or loss of laptop/desktop etc., low cost installation & maintenance etc.
Application Insights:
The large enterprises segment dominated the global fixed asset tracking software market in 2017. This is attributed to factors such as high penetration of big data analytics, complex IT infrastructures and heavy workloads that require a robust system. The SMEs segment are expected to witness the highest growth over the forecast period owing to increasing penetration of small businesses across various regions coupled with rising adoption of cloud-based or on-premises FATS software by these companies.
The need for efficient management of inventory across all stages from purchase till disposal is driving adoption among manufacturing units in emerging economies including China and India. In addition, growing awareness about advantages associated with automated systems including reduction in operating costs & errors due to automatic data processing is anticipated to fuel industry expansion over the forecast period.
Regional Analysis:
The Asia Pacific region is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing government initiatives and investments in infrastructure development, especially in countries such as China and India. For instance, according to a white paper published by Infosys in 2015 titled “Informatization of Government: A White Paperâ€, the Indian government has planned to invest around USD X billion by 2018 on information technology (IT) infrastructure projects. This is likely to create significant demand for asset management software over the next few years.
North America was estimated as one of the prominent markets with more than 20% revenue share in 2016 owing high implementation rates of accounting software among SMEs across U.S.
Growth Factors:
- Increasing demand for automation in businesses to improve efficiency and productivity
- Proliferation of big data and analytics, which is helping organizations make better decisions about their fixed assets
- The need to comply with government regulations and standards, such as Sarbanes-Oxley Act (SOX) in the US and International Financial Reporting Standards (IFRS)
- The increasing trend of outsourcing non-core functions to third-party service providers in order to focus on the core business activities
- Growing popularity of cloud-based solutions, which are more cost effective and scalable than traditional software
Scope Of The Report
Report Attributes
Report Details
Report Title
Fixed Asset Tracking Software Market Research Report
By Type
Cloud-based, On-premises
By Application
Small and Medium Enterprises (SMEs), Large Enterprises
By Companies
UpKeep Technologies, A1 Enterprise, EZOfficeInventory, MapYourTag, Intuit, Accruent, Dematic, Infor, AMPRO Software, Kepion, Edutek Solutions, iWorQ Systems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Fixed Asset Tracking Software Market Report Segments:
The global Fixed Asset Tracking Software market is segmented on the basis of:
Types
Cloud-based, On-premises
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Small and Medium Enterprises (SMEs), Large Enterprises
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- UpKeep Technologies
- A1 Enterprise
- EZOfficeInventory
- MapYourTag
- Intuit
- Accruent
- Dematic
- Infor
- AMPRO Software
- Kepion
- Edutek Solutions
- iWorQ Systems
Highlights of The Fixed Asset Tracking Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud-based
- On-premises
- By Application:
- Small and Medium Enterprises (SMEs)
- Large Enterprises
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fixed Asset Tracking Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fixed asset tracking software is a computer program that helps businesses track the value and location of physical assets, such as equipment, vehicles, and buildings. The software can also help manage financial transactions related to these assets.
Some of the major companies in the fixed asset tracking software market are UpKeep Technologies, A1 Enterprise, EZOfficeInventory, MapYourTag, Intuit, Accruent, Dematic, Infor, AMPRO Software, Kepion, Edutek Solutions, iWorQ Systems.
The fixed asset tracking software market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fixed Asset Tracking Software Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Fixed Asset Tracking Software Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Fixed Asset Tracking Software Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Fixed Asset Tracking Software Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Fixed Asset Tracking Software Market Size & Forecast, 2018-2028 4.5.1 Fixed Asset Tracking Software Market Size and Y-o-Y Growth 4.5.2 Fixed Asset Tracking Software Market Absolute $ Opportunity
Chapter 5 Global Fixed Asset Tracking Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Fixed Asset Tracking Software Market Size Forecast by Type
5.2.1 Cloud-based
5.2.2 On-premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Fixed Asset Tracking Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Fixed Asset Tracking Software Market Size Forecast by Applications
6.2.1 Small and Medium Enterprises (SMEs)
6.2.2 Large Enterprises
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fixed Asset Tracking Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fixed Asset Tracking Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Fixed Asset Tracking Software Analysis and Forecast
9.1 Introduction
9.2 North America Fixed Asset Tracking Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Fixed Asset Tracking Software Market Size Forecast by Type
9.6.1 Cloud-based
9.6.2 On-premises
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Fixed Asset Tracking Software Market Size Forecast by Applications
9.10.1 Small and Medium Enterprises (SMEs)
9.10.2 Large Enterprises
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Fixed Asset Tracking Software Analysis and Forecast
10.1 Introduction
10.2 Europe Fixed Asset Tracking Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Fixed Asset Tracking Software Market Size Forecast by Type
10.6.1 Cloud-based
10.6.2 On-premises
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Fixed Asset Tracking Software Market Size Forecast by Applications
10.10.1 Small and Medium Enterprises (SMEs)
10.10.2 Large Enterprises
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Fixed Asset Tracking Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Fixed Asset Tracking Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Fixed Asset Tracking Software Market Size Forecast by Type
11.6.1 Cloud-based
11.6.2 On-premises
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Fixed Asset Tracking Software Market Size Forecast by Applications
11.10.1 Small and Medium Enterprises (SMEs)
11.10.2 Large Enterprises
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Fixed Asset Tracking Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Fixed Asset Tracking Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Fixed Asset Tracking Software Market Size Forecast by Type
12.6.1 Cloud-based
12.6.2 On-premises
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Fixed Asset Tracking Software Market Size Forecast by Applications
12.10.1 Small and Medium Enterprises (SMEs)
12.10.2 Large Enterprises
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Fixed Asset Tracking Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Fixed Asset Tracking Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Fixed Asset Tracking Software Market Size Forecast by Type
13.6.1 Cloud-based
13.6.2 On-premises
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Fixed Asset Tracking Software Market Size Forecast by Applications
13.10.1 Small and Medium Enterprises (SMEs)
13.10.2 Large Enterprises
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fixed Asset Tracking Software Market: Competitive Dashboard
14.2 Global Fixed Asset Tracking Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 UpKeep Technologies
14.3.2 A1 Enterprise
14.3.3 EZOfficeInventory
14.3.4 MapYourTag
14.3.5 Intuit
14.3.6 Accruent
14.3.7 Dematic
14.3.8 Infor
14.3.9 AMPRO Software
14.3.10 Kepion
14.3.11 Edutek Solutions
14.3.12 iWorQ Systems