The Asset Management is a a series of systematic and coordinated activities and practices, which are carried out in plants/facilities to optimally manage their assets, along with ensuring effective delivery of their required performance, mitigating associated risks, and reducing expenditure related to assets during their lifecycle to achieve organizational objectives. The Asset Management System Market is projected to grow from USD 16.8 billion in 2020 to USD 27.4 billion by 2025; it is expected to grow at a CAGR of 10.3% from 2020 to 2025
Major Asset Management System companies include:
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Zebra Technologies Corporation has an industry-leading portfolio of RTLS, RFID, and barcode technologies, which transform physical activities into digital information. The products and solutions offered by the company enable organizations to know about the real-time location, timing, condition, and accuracy of different stages across their value chain. The real-time visibility offered by RTLS solutions of the company related to different operations of enterprises enables them to manage their assets and employees efficiently. This, in turn, results in enhanced productivity and operational efficiency of enterprises. High segmental growth and overall revenue increment could further increase the capabilities of Zebra Technologies Corporation for technological innovations.
Stanley Black & Decker is one of the leading providers of RTLS and RFID solutions in the asset management system market. With its diversified product portfolio and strong geographic presence, the company has succeeded in acquiring a significant market share. It invests increasingly in research and development activities for designing innovative products to match the requirements of its customers and explore new opportunities in the market to ensure its growth and profitability. In addition, the company is strengthening its footprint in the emerging markets through inorganic growth strategies such as collaborations and partnerships.
Related Reports:
Asset Management System Market With Covid-19 Impact by Solution (GPS, RFID, RTLS, Barcode), Asset Type (Electronic Assets, Returnable Transport Assets, In-Transit Equipment, Manufacturing Assets, Staff), Industry, Geography - Global Forecast to 2025
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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