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Asset Management System Market worth $26.41 billion by 2030 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Jan. 9, 2025 /PRNewswire/ — The asset management system market is expected to reach USD 26.41 billion by 2030 from USD 17.64 billion in 2025, at a CAGR of 8.4% from 2025 to 2030 according to a new report by MarketsandMarkets™. The asset management system is a solution that is applied to monitor and track down assets in the retail, transportation, logistics, healthcare, and industrial manufacturing industries. The asset management system market is experiencing significant growth mainly due to advancements on the Internet of Things (IoT) and Artificial Intelligence (AI), an increase in the adoption of Global Positioning System (GPS) tracking devices, and government initiatives and regulations to support the adoption of asset management.

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Browse in-depth TOC on “Asset Management System Market” 
180 – Tables
65 – Figures
250 – Pages

Asset Management System Market Report Scope:

Report Coverage

Details

Market Revenue in 2025

$ 17.64 billion

Estimated Value by 2030

$ 26.41 billion

Growth Rate

Poised to grow at a CAGR of 8.4%

Market Size Available for

2021–2030

Forecast Period

2025–2030

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Technology, Asset Type, Function, Offering, Deployment Type, Organization Size, End User, and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

In balancing accuracy and power consumption in tracking

Key Market Opportunities

Standardization and advancements in automation

Key Market Drivers

Advancements in IoT and AI

The retail segment is expected to hold the largest market share during the forecast period.

The retail sector holds the largest market share during the forecast period of the asset management system market due to the rising demand for effective inventory management, asset tracking in real-time, and higher operational efficiency. RFID, IoT, and cloud-based solutions are progressively being implemented across retailers to manage their supply chain efficiently. Moreover, the retail sector is rapidly transforming and investing in automation and smart stores, using advanced technologies such as AI and ML. As e-commerce grows, demand for high-volume inventory management and distribution systems increases. Retailers find asset management systems useful in terms of maintaining product availability and order fulfillment in a quick and efficient manner. Furthermore, manufacturers and solution providers emphasize on offering tailored asset management solutions for the retail sector that are cost-effective and scalable. These trends pave the way for major growth in the retail industry during the forecast period.

The software segment is expected to exhibit the second-highest CAGR during the forecast period.

The software segment is expected to register the second-highest CAGR in the offering segment of the asset management system market during the forecast period. The software solutions are vital in integrating and managing data from hardware components, including RFID tags, sensors, and GPS trackers. This growth is driven by the increasing demand for smart, automated asset management solutions that streamline operations and improve decision-making across various industries, including retail, healthcare, and manufacturing. Advanced software solutions such as cloud-based, IoT-enabled applications and Al-driven analytics have enabled organizations to achieve real-time insights, predictive maintenance capabilities, and enhanced operational efficiency. The rapid digitalization of business processes and increasing usage of IoT technology create a huge demand for advanced asset management software. Moreover, the emerging focus on automation and data-based decision-making increases the demand for advanced software platforms with end-to-end asset management capabilities. Ongoing R&D investments and the compatibility of Al and machine learning with software applications further drive market growth for software offerings during the forecast period.

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North America is expected to hold the largest market share during the forecast period.

North America is projected to hold the largest share of the asset management system industry owing to substantial investment in research and development and well-established infrastructure for retail and healthcare. The market’s growth can be attributed to the rising demand for effective asset tracking, monitoring, and optimization in various end users, such as manufacturing, healthcare, logistics, and retail. The high penetration of advanced technologies such as IoT, RFID, and AI-enabled systems has paved the way for developing innovative solutions that support the rising demand for automation and efficiency in operations. The other factor that has led to the increasing adoption of asset management systems in the region is government policies favoring digital transformation in supply chain management. Additionally, the growth in the region is further driven by the presence of leading market players and solution providers who offer technologically advanced, customized, and large-scale implementations of asset management systems. Furthermore, the growing interest in cloud-based solutions and Industry 4.0 practices among end-users further propels the growth of the North American market during the forecast period.

Key Players

The key players in the asset management system companies with a significant global presence include Zebra Technologies Corp. (US), Honeywell International, Inc. (US), Siemens AG (Germany), Trimble Inc. (US), Motorola Solutions (US), TrackX Inc. (US), Checkpoint Systems (US), Impinj, Inc. (US, Datalogic S.p.A. (Italy), Infor Inc (US), GE Healthcare (US).

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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

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RFID Market by Tags, Readers (Fixed, Handheld, Wearable), Form Factor (Card, Label, Key Fob and Token, Band, Paper and Inlay, Implantable), Frequency (Low, High, Ultra-high), Inventory and Asset Management, Ticketing – Global Forecast to 2033

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

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AMI Brings Firmware Expertise to Arm Total Design Ecosystem to Simplify and Accelerate Development for Arm-based Custom Chiplet Solutions

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ATLANTA, Jan. 22, 2025 /PRNewswire/ — AMI®, the global leader in Dynamic Firmware for worldwide computing, is excited to announce it is bringing its expertise in industry-leading silicon firmware solutions to the Arm® Total Design ecosystem, aimed at accelerating development of custom silicon on Arm Compute Subsystems (CSS). In addition, AMI announced it is contributing its silicon firmware expertise to Arm’s Chiplet System Architecture (CSA).

AMI brings its silicon firmware solutions and expertise to Arm Total Design ecosystem and Chiplet System Architecture.

The growth of the Arm Total Design ecosystem represents a greater need in the industry for faster time to market, lower costs and frictionless delivery of custom SoCs. As part of the Arm Total Design ecosystem, AMI is committed to providing firmware solutions that help bring Arm-based custom silicon solutions to market faster than ever before. By leveraging the latest Neoverse™ CSS innovations from Arm, paired with AMI’s deep system knowledge and firmware expertise, developers can reach new levels of performance and efficiency, while also ensuring a seamless out-of-the-box software integration experience. 

As the first independent firmware vendor (IFV) included in the Arm Total Design ecosystem, AMI leverages its industry-leading silicon firmware solutions to ensure that mutual customers can maximize their performance while maintaining critical platform reliability, stability, and security. The modular framework provided by AMI for separating the compute and I/O subsystem provides a high degree of flexibility and agility for adopting these designs. AMI’s delivery of the pre-configured and pre-tested production quality modules for the reusable chiplets streamlines the time and resources required for this stage of development.

In addition to participating in Arm Total Design, AMI is also contributing its silicon firmware expertise to Arm’s CSA. The CSA outlines how to define and connect chiplets, mitigating the risk of fragmentation. New chiplet designs can be created with the confidence that they can be adapted and reused in CSA-compliant systems. 

“Arm Total Design has grown into an important ecosystem enabling the entire industry to innovate around Arm Neoverse CSS and build optimized silicon for specific use cases including AI, cloud, networking and the edge,” said Eddie Ramirez, vice president of go-to-market, Infrastructure Line of Business, Arm. “AMI brings unique expertise in firmware solutions to both the Arm Total Design ecosystem and as a contributor to CSA, making them a critical part of our customers’ success story.” 

Srivatsan Ramachandran, SVP of Global Strategic Alliances and Ecosystem Development at AMI, remarked, “We are proud to be part of the Arm Total Design ecosystem, collaborating with leading companies across a wide range of industries and applications. Our involvement in this ecosystem highlights our commitment to supporting the success of our partners and clients as they adopt Arm’s groundbreaking Neoverse CSS and Chiplet System Architecture.” 

Arm® and Neoverse™ are registered trademarks and/or trademarks of Arm Limited (or its subsidiaries) in the US and/or elsewhere.

About AMI
AMI is Firmware Reimagined for modern computing. As a global leader in Dynamic Firmware for security, orchestration, and manageability solutions, AMI enables the world’s compute platforms from on-premises to the cloud to the edge. AMI’s industry-leading foundational technology and unwavering customer support have generated lasting partnerships and spurred innovation for some of the most prominent brands in the high-tech industry.

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Global Private 5G Network Market Experiences Explosive Growth with 46.8% CAGR

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Comprehensive Report Unveils Latest Advances, Market Dynamics, and Practical Applications in the Private 5G Network Sector

BOSTON, Jan. 22, 2025 /PRNewswire/ — According to the latest study from BCC Research, “Global Private 5G Network Market” is projected to reach $22.2 billion by the end of 2029, at a CAGR of 46.8% for the forecast period of 2024-2029.

Private 5G networks cover hardware, software, and services. The report breaks down the market into frequency bands (sub-6-GHz and millimeter-wave) and deployment types (on-premises and cloud-based). The report examines how private 5G is used in industries such as manufacturing, healthcare, BFSI, energy, automotive, aerospace, media, mining, IT, logistics, and supply chain management. It also provides a regional analysis for North America, Europe, Asia-Pacific, and the Rest of the World, which includes Latin America, the Middle East and Africa. The study covers market drivers, trends and profiles of leading companies, with projections from 2024 to 2029 based on 2023 data.

The private 5G network market is evolving quickly, with innovations expanding its use across industries. With rising needs for secure, low-latency communications, the drive for industrial automation, and a growing demand for tailored network solutions, it is more important than ever for stakeholders to stay on top of these developments. Understanding the latest in private 5G can help companies seize new opportunities and stay competitive in this fast-changing landscape.

Factors driving the global private 5G network market include:

Growing Emphasis on Industrial Automation: Private 5G networks enable high-speed, low-latency connectivity for automated machinery and real-time data processing, boosting industrial efficiency.

Rising Demand for Low Latency and High Reliability: These networks provide the ultra-low latency and high reliability, needed for mission-critical applications in healthcare, manufacturing, and autonomous vehicles.

Increasing Security Concerns: Private 5G networks enhance security by offering better control over data traffic and allowing businesses to implement tailored security protocols.

Broadening Scope of Customized Solutions: These networks can be customized to meet specific industry needs, such as supporting high device density, providing remote coverage, or integrating with existing systems.

Request a sample copy of the global private 5G network market report.

Report Synopsis 

Report Metric

Details

Base year considered

2023

Forecast period considered

2024-2029

Base year market size

$2.3 billion

Market size forecast

$22.2 billion

Growth rate

CAGR of 46.8% for the forecast period of 2024-2029

Segments covered

Offering, Frequency Band, Deployment Type, Application

Regions covered

North America, Europe, Asia-Pacific, and Rest of the World (RoW)

Market drivers

• Growing emphasis on industrial automation.

• Rising demand for low latency and for high reliability.

• Increasing security concerns.

• Broadening scope of customized solutions

Facts about the global private 5G network market:

 Network Slicing in Private 5G: Enterprises use network slicing to customize network resources for specific applications, enhancing performance and security beyond traditional networks. Edge Computing Integration: Combining edge computing with private 5G enables real-time data processing at the network edge, reducing latency and enabling new applications such as autonomous vehicles and smart cities. Adoption in Key Sectors: Private 5G networks are increasingly used in manufacturing and healthcare for real-time data processing and high reliability, supporting technologies such as augmented reality and automation.

The report addresses the following questions:

What is the projected size and growth rate of the market?
• The market is projected to reach $22.2 billion by the end of 2029, at a CAGR of 46.8%.What factors are driving the growth of the market?
• These drivers include a growing emphasis on industrial automation, rising demand for low latency and high reliability, and increasing security concerns.What market segments are covered in the report?
• Offering, frequency band, deployment type, application and region.Which frequency band segment will dominate the market in 2029?
• The sub-6 GHz spectrum frequency band is expected to dominate the market in 2029.Which region has the largest market share?
North America holds the largest share.

Market leaders include:

 HUAWEI TECHNOLOGIES CO. LTD. CISCO SYSTEMS INC. CIENA CORP. JUNIPER NETWORKS INC. NEC CORP. NOKIA ORACLE SAMSUNG TELEFONAKTIEBOLAGET LM ERICSSON ZTE CORP.

Purchase a copy of the report direct from BCC Research.

For further information on any of these reports or to make a purchase, please contact info@bccresearch.com.    

About BCC Research

BCC Research market research reports provide objective, unbiased measurement, and assessment of market opportunities. Our experienced industry analysts’ goal is to help you make informed business decisions, free of noise and hype.

Contact Us

Corporate HQ: 50 Milk St. Ste 16, Boston, MA 02109, USA
Email: info@bccresearch.com,
Phone: +1 781-489-7301
For media inquiries, email press@bccresearch.com or visit our media page for access to our market research library.

Any data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher.

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Southeast Missouri State University Receives Donation from OMRON to Support Engineering Education

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OMRON Furthers Commitment to Education and Community Impact by Empowering Future Innovators at SEMO

HOFFMAN ESTATE, Ill., Jan. 22, 2025 /PRNewswire-PRWeb/ — The OMRON Foundation has reinforced its commitment to fostering educational excellence through a donation to Southeast Missouri State University. This initiative equips the Department of Engineering and Technology with OMRON automation technology and enhances the engineering program by providing students with hands on experiences using the latest industry automation system.

“Through this partnership, we aim to further enhance the educational experiences of our students by putting a wider variety of automation tools in their hands to better prepare our graduates to meet the demands of the industry,” said Dr. Brad Deken.

“Through this partnership, we aim to further enhance the educational experiences of our students by putting a wider variety of automation tools in their hands to better prepare our graduates to meet the demands of the industry,” said Dr. Brad Deken, Chair of the Department of Engineering and Technology. “OMRON’s support enables us to offer a more dynamic, technology driven education.”

OMRON’s commitment to educational development and community support aligns with its mission to improve lives and build a better society. With a network of local manufacturers, students will gain valuable knowledge and experience in OMRON technology. This allows students to gain practical, hands on experience, preparing them for real world challenges and enhancing their career readiness.

“As a former student and now an employee at OMRON, I’ve experienced firsthand the immense benefits of integrating real world technology into our learning processes. Leading the partnership initiative has allowed me to give back to the program that shaped my career, ensuring that future students have even greater opportunities for success,” said Rajitha Dissanayake, OMRON Applications Engineer.

About Omron Foundation, Inc.
Founded in 1989, OMRON Foundation, Inc. (OFI) coordinates the charitable efforts of Omron offices in the U.S. to achieve the greatest positive social impact. The Foundation is funded by Omron’s subsidiaries in the U.S., which contribute a portion of sales revenue to the Foundation. The Foundation divides its charitable resources among organizations benefiting education, people with disabilities, cultural programs, health, and other social concerns including disaster relief.

About Omron Automation
Omron Automation is an industrial automation partner that creates, sells and services fully integrated automation solutions that include sensing, control, safety, vision, motion, robotics and more. Established in 1933, Omron’s 30,000 employees help businesses solve problems with creativity in more than 110 countries. Learn more at http://automation.omron.com.
For questions about OMRON Foundation, contact OMRON Foundation Director, Kevin Bulatek at kevin.bulatek@omron.com

Media Contact

Amy Wang, Omron Automation America, 2245756514, amy.wang@omron.com, https://automation.omron.com/en/us/

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SOURCE Omron Automation America

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