Asset Management System Market by Solution, Asset Type | COVID-19 Impact Analysis | MarketsandMarkets

1. Asset Management System Market with Covid-19 Impact - Global Forecast to 2025 The Asset Management system market size was valued at USD 16.8billion in 2020 and is projected to reach USD 27.4 million by 2025; it is expected to grow at a CAGR of 10.3% from 2020 to 2025.The growth of asset management system market is driven by optimum resource utilization requirements of enterprises and reduced equipment downtime. The returnable transport assets segment is projected to account for the largest size of the asset management system market from 2020 to 2025. The growth of this segment can be attributed to the increased use of returnable transport assets in almost all types of industries. The in-transit equipment segment of the market is projected to grow at the highest CAGR during the forecast period owing to the increased importance of these equipment in the value chain and their impact on the overall business performance of organizations. For instance, it is necessary for third-party logistics (3PL) companies to deliver consignments on time. A delay in the delivery of consignments could mean reduced sales of products, less profitability, and disappointment to customers. Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=255619316 North America is expected to hold the largest share in the asset management system market during the forecast period. Most major asset management system vendors have a strong presence in this region. Moreover, people in this region adopt new technological innovations at a higher rate compared with other countries, which drives the growth of the asset management system market. Due to COVID-19, the North American economy is facing concerns regarding industrial production. Financial losses faced by US manufacturers will affect the production capacity and foreign trade operations in 2020. Thus, the economic slowdown is expected to impact the market for asset management systems in 2020. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model –GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road

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