What is the global market size of Asset Management Market?

Global Asset Management Market size was valued at USD 277.42 billion in 2021 and is poised to grow from USD 373.69 billion in 2022 to USD 5455.24 billion by 2030, growing at a CAGR of 34.7% in the forecast period (2023-2030).

Who are the key vendors in the Global Asset Management Market?

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.', 'The Vanguard Group, Inc.', 'State Street Global Advisors', 'Fidelity Investments', 'Allianz Global Investors', 'J.P. Morgan Asset Management', 'Capital Group Companies, Inc.', 'Amundi Asset Management', 'Legal & General Investment Management', 'Franklin Templeton Investments', 'Invesco Ltd.', 'PIMCO (Pacific Investment Management Company LLC)', 'UBS Group AG', 'Charles Schwab Investment Management, Inc.', 'T. Rowe Price Group, Inc.', 'Northern Trust Corporation', 'Wellington Management Company, LLP', 'Aberdeen Asset Management PLC', 'Goldman Sachs Asset Management', 'Schroders plc'

Asset Management Market Size, Share, Growth Analysis, By Component(Solutions, Services), By Asset Type(Digital, In-transit), By Function(Location & Movement Tracking, Repair & Maintenance), By Application(Infrastructure, Enterprise, Healthcare, Aviation), By Region - Industry Forecast 2024-2031

Report ID: SQSG40H2001 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 115 | Figures: 77

Asset Management Market Regional Insights

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.

Besides this, by the end of 2028, Asia Pacific asset management market is projected to be the most lucrative pocket, with India leading the growth in the region. Increasing number of start-ups and development of modern infrastructure in the country will fuel the growth in the region. Increasing deployment of cloud-based solutions, adoption of AI, big data, and IoT in diverse industries, especially in India and China, will drive the demand in Asia Pacific.

Asset Management Market Report Snapshots

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Asset Management Market size was valued at USD 277.42 billion in 2019 and is poised to grow from USD 373.69 billion in 2023 to USD 5455.24 billion by 2031, growing at a CAGR of 34.7% in the forecast period (2024-2031).

Leading players operating in the 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.', 'The Vanguard Group, Inc.', 'State Street Advisors', 'Fidelity Investments', 'Allianz Investors', 'J.P. Morgan Asset Management', 'Capital Group Companies, Inc.', 'Amundi Asset Management', 'Legal & General Investment Management', 'Franklin Templeton Investments', 'Invesco Ltd.', 'PIMCO (Pacific Investment Management Company LLC)', 'UBS Group AG', 'Charles Schwab Investment Management, Inc.', 'T. Rowe Price Group, Inc.', 'Northern Trust Corporation', 'Wellington Management Company, LLP', 'Aberdeen Asset Management PLC', 'Goldman Sachs Asset Management', 'Schroders plc'

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.

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Asset Management Market Size, Share, Growth Analysis, By Component(Solutions, Services), By Asset Type(Digital, In-transit), By Function(Location & Movement Tracking, Repair & Maintenance), By Application(Infrastructure, Enterprise, Healthcare, Aviation), By Region - Industry Forecast 2024-2031

Asset Management Market Regional Insights

Asset Management Market Report Snapshots

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