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Asset Management Market Analysis

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

Asset Management Market Analysis

Asset Management Market Size, By Component, 2021 – 2032, (USD Billion)

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Based on component, the solution segment captured a market share of around 55% in 2022. Asset management solutions help optimize resource allocation, reducing costs while enhancing efficiency. Regulatory requirements necessitate comprehensive tracking and maintenance. In addition, technological advancements, such as IoT and AI, enable real-time monitoring and predictive maintenance will boost industry dynamics. Besides, asset management solutions aid in delivering better services and ensuring compliance with environmental and safety standards, making them a crucial component of modern business operations.

Global Asset Management Market Share, By Asset Type, 2022

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Based on asset type, the digital asset segment held approximately 25% of the asset management market share in 2022. Driven by the need for streamlined, centralized control of assets across various sectors, including infrastructure, IT, real estate, and healthcare. In these industries, efficient data organization, accessibility, and security are essential. Regulatory compliance, rapid data growth, and remote work trends also contribute to the demand. Furthermore, the ability to harness data for informed decision-making, automate workflows, and enhance collaboration fosters the adoption of digital asset management solutions as they empower businesses to maximize efficiency and competitiveness in today's digital landscape.

U.S. Asset Management Market Size, 2021 -2032, (USD Billion)

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North America dominated about 35% of the asset management market share in 2022. A robust and diverse financial market and a culture of long-term investing have attracted significant capital. In January 2023, GFH Financial Group, headquartered in Bahrain, took majority ownership in Big Sky Asset Management, a U.S.-based real estate asset management firm specializing in healthcare assets. This acquisition comes after GFH's previous purchase of SQ Asset Management in May 2022. The company boasts more than 20 years of experience in investing in and overseeing healthcare assets in the United States, with a combined transaction value exceeding $2 billion and a portfolio of 130 medical facilities.

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.

Asset Management Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 19
  • Tables & Figures: 379
  • Countries covered: 21
  • Pages: 300
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