PUBLISHER: Roots Analysis | PRODUCT CODE: 1821509
PUBLISHER: Roots Analysis | PRODUCT CODE: 1821509
As per Roots Analysis, the global asset management market size is estimated to grow from USD 592 billion in the current year to USD 15,693 billion by 2035, at a CAGR of 34.7% during the forecast period, till 2035.
The opportunity for asset management market has been distributed across the following segments:
Solution
Services
Asset Type
Function
Application
Geography
Asset Management Market: Growth and Trends
Asset management is crucial within the financial services sector. It encompasses the acquisition, monitoring, and enhancement of investments to increase the value of a client's assets over time. Additionally, asset management firms are often referred to as money managers or investment firms that manage assets for various types of clients. These clients can include affluent individuals, pension funds, insurance companies, and other large-scale investors.
Further, the objective of asset management is to grow client assets while keeping risk at an acceptable level. To achieve this, asset managers employ a variety of strategies, including both active and passive management. Active management entails a thorough research and analysis process aimed at creating a portfolio featuring undervalued or promising investments. Conversely, passive management seeks to closely replicate the performance of a specific market index instead of trying to surpass it.
In conjunction with this framework, asset management firms generate income through management fees, typically calculated as a percentage of total assets under management (AUM). The scale and complexity of an asset manager's operations can range from small independent firms managing individual client accounts to large global entities overseeing trillions in AUM across various investment products, such as mutual funds, exchange-traded funds (ETFs), and hedge funds. As a result, owing to the above mentioned factors, the global asset management market is expected to grow significantly during the forecast period.
Asset Management Market: Key Segments
Based on solution, the global asset management market is segmented into barcode, global positioning system (GPS), labels, mobile computer, real-time location system (RTLS) and other solutions. According to our estimates, currently, the barcodes segment captures the majority of the market share. This growth can be attributed to the extensive usability of barcode systems for asset tracking via scanning, providing an economical and easy-to-use solution.
Based on services, the global asset management market is segmented into operational asset management, strategic asset management and tactical asset management. According to our estimates, currently, the strategic asset management segment captures the majority of the market share. This trend can be linked to the growing need for effective and data-informed methods to oversee and enhance the performance of physical assets in a range of industries.
Based on asset type, the global asset management market is segmented into digital assets, in-transit assets, manufacturing assets, personnel / staff and returnable transport assets. According to our estimates, currently, the digital asset segment captures the majority of the market share. However, the in-transit assets are expected to grow at a relatively higher CAGR during the forecast period. This growth can be attributed to the rising need for real-time tracking and monitoring of assets while in transit.
Based on function, the global asset management market is segmented into check in / check out, location and movement tracking, repair and maintenance, and other functions. According to our estimates, currently, the location and movement tracking segment captures the majority of the market share. However, the repair and maintenance segment is expected to grow at a relatively higher CAGR during the forecast period. This growth can be attributed to the rising demand for effective asset management and an increasing emphasis on prolonging the life of current assets.
Based on application, the global asset management market is segmented into aviation asset management, enterprise asset management, healthcare asset management, infrastructure asset management and other applications. According to our estimates, currently, the digital asset segment captures the majority of the market share. However, the aviation asset management segment is expected to grow at a relatively higher CAGR during the forecast period.
Based on geographical regions, the asset management market is segmented into North America, Europe, Asia, Latin America, Middle East and North Africa, and the rest of the world. According to our estimates, currently, North America captures the majority share of the market. However, the market in Asia-Pacific is expected to grow at a higher CAGR during the forecast period.
Asset Management Market: Research Coverage
The report on the asset management market features insights on various sections, including:
Key Questions Answered in this Report
Reasons to Buy this Report
Additional Benefits
4.2.2. Currency Coverage