Asset management Market Size, Share, Growth Analysis, By Component (Solution Services), By Asset Type, By Application, By Region - Industry Forecast 2025-2032

Asset Management Market size was valued at USD 373.69 Billion in 2023 and is poised to grow from USD 503.36 Billion in 2024 to USD 7348.21 Billion by 2032, growing at a CAGR of 34.7% during the forecast period (2025-2032).

Leading players operating in the Global Asset Management Market are focusing on developing advanced and cost-effective solutions to cater to the specific needs of the businesses. Some of the leading players are collaborating and entering into agreements with end users to expand their customer base. 'BlackRock, Inc. (United States) ', 'The Vanguard Group, Inc. (United States) ', 'State Street Global Advisors (United States) ', 'Fidelity Investments (United States) ', 'Allianz Global Investors (Germany) ', 'J.P. Morgan Asset Management (United States) ', 'Capital Group Companies, Inc. (United States) ', 'Amundi Asset Management (France) ', 'Legal & General Investment Management (United Kingdom) ', 'Franklin Templeton Investments (United States) ', 'Invesco Ltd. (United States) ', 'PIMCO (Pacific Investment Management Company LLC) (United States) ', 'UBS Group AG (Switzerland) ', 'Charles Schwab Investment Management, Inc. (United States) ', 'T. Rowe Price Group, Inc. (United States) ', 'Northern Trust Corporation (United States) ', 'Wellington Management Company, LLP (United States) ', 'Aberdeen Asset Management PLC (United Kingdom) ', 'Goldman Sachs Asset Management (United States) ', 'Schroders plc (United Kingdom)'

Need for optimization and resource utilization in small- and medium-sized enterprises will drive the demand for asset management solutions. Apart from this, infrastructure asset management solutions for aging infrastructure will fuel the growth in the market.

Rapid digitization and adoption of advanced technologies such as AI, IoT, and big data science to optimize the data and improve the efficiency of the businesses through real-time high-quality data will drive the sales in the market.

North America is expected to emerge as the fastest growing market over the projection period. Growth is primarily attributed to the expansion of IT & telecom, infrastructure, and aviation industries in the U.S. With increasing volume of data and growing number of IT firms in the U.S., the need for enterprise asset management solutions is slated to rise. On account of this, sales of asset management solutions across North America are expected to account for nearly 32% of demand share.