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Asset Management Market Trends

Report ID: GMI7130
Published Date: Oct 2023
Report Format: PDF

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Asset Management Market Trends

The increasing integration of blockchain technology for asset tracking will strengthen the asset management industry. Blockchain technology is being explored for its ability to provide a secure and transparent ledger for asset tracking and management, particularly in real estate and healthcare, where data integrity and provenance are crucial. As a notable real estate investment trust (REIT) manager, MAM boasts a substantial portfolio with assets under management totaling ¥508.8 billion (equivalent to $3.7 billion). The move is part of MAM's strategy to broaden its funding sources. Furthermore, the use of digital twin technology, allowing organizations to create virtual replicas of physical assets, will facilitate the asset management industry growth.

Organizations across the globe are focusing on maximizing the use and performance of their physical assets, including machinery, equipment, vehicles, and infrastructure. Enterprise asset management (EAM) helps in optimizing asset use and minimizing downtime. Also, many industries are subject to strict regulatory requirements, and EAM systems assist in ensuring that assets adhere to compliance standards, reducing the risk of fines and legal liabilities.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of asset management was worth USD 371.2 billion in 2022 and is estimated to register a CAGR of over 34% between 2023 and 2032, attributed to the aging infrastructure across several economies.

The digital asset segment held a market share of 25% in 2022, driven by the need for streamlined, centralized control of assets across various sectors, including infrastructure, IT, real estate, and healthcare.

North America held around 35% market share in 2022 and will experience robust growth due to a robust and diverse financial sector in the region, along with a culture of long-term investing that has attracted significant capital.

Brookfield Asset Management Inc., General Electric Company, Hitachi Ltd., Honeywell International Inc., IBM Corporation, Johnson Controls International plc, Oracle Corporation, Siemens AG, WSP Global Inc., and Zebra Technologies Corp.