Fixed Asset Management Software Market - 34% of Growth to Originate from North America| Evolving Opportunities with AccuFund Inc. & Acumatica Inc. |17000+ Technavio Reports

Posted on 23rd May 2022

NEW YORK, Jan. 18, 2022 /PRNewswire/ -- 34% of the growth will originate from North America for the fixed asset management software market. The US and Jamaica are the key markets for fixed asset management software in North America. Market growth in this region will be faster than the growth of the market in Europe. The high adoption of enterprise asset management will facilitate the fixed asset management software market growth in North America over the forecast period. The fixed asset management software market is expected to grow by USD 2.65 billion from 2021 to 2026, at a CAGR of 11.32% as per the latest market forecast report by Technavio. 

Fixed asset management software market  - Driver & challenge

The fixed asset management software market is driven by the growing adoption of cloud-based deployment solutions. However, the factors such as data privacy and security concerns may impede the market growth. The holistic analysis of the drivers & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Some of key Fixed Asset Management Software Players with offerings:

 The fixed asset management software market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

AccuFund Inc. - The company offers fixed asset management software such as Financial Management Solution which includes grants management, payroll, human resources management, budget development, loan tracking, and automation workflow.
Acumatica Inc. - The company offers fixed asset management software that can be used to create accurate financial reports, maximize tax benefits, and meet compliance requirements.
Bloomberg LP -  The company offers fixed asset management software such as Fixed Assets Depreciation Software which reduces IT spending, is accurate and compliant and easily reconciles between periods and books.
EAZY ERP - The company offers fixed asset management software such as Fixed Assets Management Module that includes assets purchase details, warranty, insurance, AMC and maintenance details, manual depreciation rates, location, user, and other details of the asset, and many more.
Infor Inc. -  The company offers fixed asset management software such as Assets solutions which ensures better asset performance, reduced downtime, improve labor productivity, minimize inventory, increase warranty cost recovery, and decrease energy consumption.
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Fixed Asset Management Software Market Deployment Outlook (Revenue, USD bn, 2021-2026)

On-premise - size and forecast 2021-2026
Cloud - size, and forecast 2021-2026
Fixed Asset Management Software Market Geography Outlook (Revenue, USD bn, 2021-2026)

North America - size and forecast 2021-2026
Europe - size and forecast 2021-2026
APAC - size and forecast 2021-2026
MEA - size and forecast 2021-2026
South America - size and forecast 2021-2026

Source: Technavio