Asset Management System Market Growth, Segmentation, Manufacturing, Trend Analysis and Forecasts 2022

1. Asset Management System Market Segmentation, Manufacturing, Trend Analysis and Forecasts 2022 “The asset management system market was valued at USD 9.43 Billion in 2015 and is expected to grow at a CAGR of 15.17% between 2016 and 2022. The base year considered for the study is 2015 and the forecast period is between 2016 and 2022.” The Asset Management System Market is expected to reach USD 25.55 Billion by 2022, at a CAGR of 15.17% between 2016 and 2022. The growth of the market is propelled by factors such as optimum resource utilization offered by efficient asset tracking and management and reduced maintenance downtime owing to deployment of relevant solutions such as Real-Time Location System (RTLS), Radio-Frequency Identification (RFID), barcode, and Global Positioning System (GPS). RTLS solutions available in the market based on different technologies are wireless fidelity (Wi-Fi), ultra- wide band (UWB), Infrared, Bluetooth LE, and Ultrasound among others. The customer could choose an asset management solution according to their requirement. Moreover, the advent of wireless technology has made it possible to deploy these solutions wirelessly. RTLS enable an organization to control and monitor its resources such as personnel and machine across the premises in real time. Furthermore, quick turnaround and return of investment (ROI) in less than two years is realized for a typical project. Considering these factors, the asset management system market for RTLS solutions is expected to exhibit the highest growth rate in comparison to other solutions. Barcode scanners have existed in the market since a long time and play a key role in the area of auto identification and data capture. Barcode solution is a labor intensive technology but could be implemented at a much lower cost than other solutions. Industrial stationary scanner is expected to drive the barcode solution segment owing to the demand for machine visions system for automated inspection and identification in the production process across many industries. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=255619316

2. The retail industry is estimated to hold the largest share of the asset management system market in 2016 owing to adoption of barcode and RFID solutions for in-store retail automation and supply chain visibility. Passive ultra high frequency (UHF) tags are widely adopted in merchandise tagging, while barcode scanners are used to read loyalty cards, one-dimensional (1D) barcode, and two-dimensional (2D) barcodes. “RTLS solution is expected to grow at the highest rate in the asset management system market between 2016 and 2022” Real-Time Location System (RTLS) solutions have been widely adopted in the healthcare industry since a long time. RTLS technology has emerged with the maturity of barcode and passive RFID systems. RTLS solutions help track work-in-process carriers, containers, valuable equipment, and personnel. Moreover, RTLS solutions provide real-time monitoring of the operations in an enterprise, thereby ensuring smooth production. Considering all these factors, RTLS solution is expected to grow at the highest rate between 2016 and 2022. Browse Full Research Report @ https://www.marketsandmarkets.com/Market- Reports/asset-management-system-market-255619316.html “Returnable transport assets to hold the largest market share in the asset management system market” Returnable assets are been used in almost all type of industries, thus holding a major share of the asset management system market. Returnable transport items plays a key role in the supply chain of the business, therefore their tracking and monitoring is important. There is a widespread usage of this function in industries such as automotive, beverage, grocery, food processing, fruit and vegetable, dairy, retail, medical, pharmaceutical, home improvement, raw materials, and postal services among others. Barcodes, passive RFID, and wireless fidelity (Wi-Fi) tags among other technologies are used to track the asset, increase the productivity, and reduce human efforts. “North America to hold the largest market share in the asset management system market” North America is likely to account for the largest share of the asset management system market owing to the presence of several retail giants (such as Walmart, Macy, Kohls, and Nordstrom) and well developed healthcare systems and transport infrastructure in the region. The asset management system market in North America is dominated by the U.S. Many companies in the asset management system market are located in North America. The major players in the asset management system market are Datalogic S.p.A (Italy), Honeywell International Inc. (U.S.), Impinj, Inc. (U.S.), Mojix, Inc. (U.S.), Sato Holdings Corporation (Japan), Stanley Black and Decker, Inc. (U.S.), TomTom International BV (Netherlands), Topcon Corporation (Japan), Trimble Inc. (U.S.), Ubisense Group Plc. (U.K.), and Zebra Technologies Corporation (U.S.) among others.

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