What is Smart Asset Management Market Scope?
The Industrial Internet of Things (IIOT) has become a universally adopted technological solution. This is often due to the development of cost-efficient sensors, accessible cloud platforms, cheap connectivity and storage abilities, and also the effective process of huge amounts of unstructured and structured data. This is potential because of huge information platforms, abundant mobile applications, and good machine learning tools. One in every one of the areas where IIOT is applied for efficient monitoring, management, and maintenance is in enterprise assets. Smart asset management solutions give an integrated read of assets and their performance. This helps in extending plus life, reducing life-cycle prices, increasing plus ROI, and lowering maintenance prices. Smart asset management solutions conjointly give economical management and a higher following of assets that are critical to organizational management.
Influencing Trend:
Adoption By the Small and Medium Size Enterprises
Market Growth Drivers:
Rise In Demand for Improved Connectivity Among the Assets and Increase In the Adoption of Automation
Challenges:
Intense Competition in The Market
Restraints:
Lack Of Proper Standardization and Data Security Issues
Opportunities:
Technological Advancements in The It Sector
The Smart Asset Management market study is being classified, by Application and major geographies with country level break-up.
Smart asset management solutions provide an integrated view of assets and their performance. This helps in extending asset life, reducing life-cycle costs, maximizing asset ROI, and lowering maintenance costs. Smart asset management solutions also provide efficient management and better tracking of assets that are critical to organizational management. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Smart Asset Management market throughout the predicted period.
Bentley Systems (United States), Intel Corporation (United States), Texas instruments Inc (United States), General Electric International Inc (United States), Broadcom Corporation (United States), STMicroelectronics N.V (Switzerland), Freescale Semiconductor, Inc (United States), ARM Holding PLC (United Kingdom), Rockwell Automation (United States), Smartasset (United States), Cypress Semiconductor Corporation (United States) and ABB Ltd (Switzerland) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Smart Asset Management market by Type, Application and Region.
On the basis of geography, the market of Smart Asset Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In October 2021, The Cohesive Companies, a wholly-owned but independently operated digital integrator business unit of Bentley Systems, Incorporated, the infrastructure engineering software company, acquired OXplus, the leading rail asset management specialist headquartered in Veghel, Netherlands. The acquisition coincides with the appointment of Dr Mark Bew MBE as CEO of The Cohesive Companies, succeeding Noah Eckhouse, who has retired after 17 years of exemplary service within Bentley Systems capped by the successful convergence, from multiple predecessor organisations, of The Cohesive Companies in 2020. OXplus becomes the sixth brand to enter The Cohesive Companies fold in support of its mission to deliver the strongest social, economic, and environmental outcomes for infrastructure clients and their constituents
On April 16, 2020, SmartAsset, an award-winning financial technology company that helps more than 65 million people each month make smart financial decisions, announced the official launch of ‘Live Connections,’ a service that allows a Financial Advisor to connect directly with a prospective client over the phone. The service is now available to all certified Financial Advisors, Registered Investment Advisors (RIAs), and Advisory firms across the U.S. exclusively on SmartAsset’s SmartAdvisor platform. Live Connections is a new way of delivering high-intent, validated consumer prospects via a warm phone transfer to fiduciary Financial Advisors and firms that meets today’s on-demand expectations.
Key Target Audience
Providers of Smart Asset Management, Governmental and Regulatory bodies and End-Users
Smart Asset Management Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Smart Asset Management Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Smart Asset Management industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.