Global Industrial Asset Management Market Size & Outlook
Global industrial asset management market, 2018-2030 (US$B)
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Global industrial asset management market highlights
- The global industrial asset management market generated a revenue of USD 158.8 billion in 2023 and is expected to reach USD 506.1 billion by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 18% by 2030.
- In terms of segment, services accounted for a revenue of USD 70.9 billion in 2023.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 158.8 billion |
| Market revenue in 2030 | USD 506.1 billion |
| Growth rate | 18% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Hardware, Software, Services |
Other key industry trends
- In terms of revenue, the North America accounted for 34.7% of the global industrial asset management market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 73.4 billion by 2030.
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Industrial Asset Management Market Scope
Industrial Asset Management Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global industrial asset management market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial asset management market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 44.65% in 2023. Horizon Databook has segmented the Global industrial asset management market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Industrial Asset Management Component Outlook (Revenue, USD Billion, 2018-2030)
- Hardware
- Real-Time Location System (RTLS)
- Barcode
- Mobile Computer
- Labels
- Global Positioning System (GPS)
- Others
- Software
- Location & Movement Tracking
- Check In/Check Out
- Repair & Maintenance
- Others
- Services
- Strategic Asset Management
- Operational Asset Management
- Tactical Asset Management
- Hardware
- Global Industrial Asset Management Asset Type Outlook (Revenue, USD Billion, 2018-2030)
- Returnable Transport Assets
- Manufacturing Assets
- IT Asset
- Others
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Our clientele includes a mix of industrial asset management market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global industrial asset management market , including forecasts for subscribers. This global databook contains high-level insights into Global industrial asset management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global industrial asset management market size, by regions, 2018-2030 (US$B)
Top 10 countries: Industrial asset management market size, 2023 (US$B)
Global industrial asset management market share, by component, 2023 & 2030 (%, US$B)
Industrial asset management market: Opportunity assessment by country
Global industrial asset management market, by region, 2023 (US$B)
| Component | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 38.7 | 42.7 | 44.7 | 47.0 | 50.5 | 55.1 | 61.5 | 69.0 | 78.4 | 89.6 | 103.2 | 119.7 | 139.4 | 14.2% |
| Europe | 24.1 | 27.6 | 30.0 | 32.9 | 36.8 | 41.7 | 48.7 | 57.2 | 67.9 | 81.2 | 97.8 | 118.6 | 144.3 | 19.4% |
| Asia Pacific | 25.1 | 29.5 | 32.9 | 36.7 | 41.9 | 48.5 | 57.6 | 68.9 | 83.2 | 101.1 | 123.7 | 152.3 | 188.1 | 21.4% |
| Latin America | 5.8 | 6.4 | 6.7 | 7.0 | 7.5 | 7.9 | 8.9 | 10.1 | 11.5 | 13.1 | 14.8 | 16.7 | 18.8 | 13.3% |
| MEA | 3.8 | 4.2 | 4.5 | 4.7 | 5.1 | 5.6 | 6.4 | 7.2 | 8.3 | 9.6 | 11.2 | 13.1 | 15.5 | 15.6% |
| Overall | 97.5 | 110.3 | 118.7 | 128.4 | 141.8 | 158.8 | 183.0 | 212.5 | 249.3 | 294.7 | 350.7 | 420.5 | 506.1 | 18.0% |
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