Fixed Asset Management Software Market Synopsis
Fixed Asset Management software is designed to help businesses track and manage their fixed assets, such as buildings, land, machinery, and equipment, throughout their lifecycle. With fixed asset management software, businesses can maintain accurate records of their assets, including their cost, depreciation, location, condition, and usage, and ensure compliance with accounting and tax regulations.
Fixed Asset Management Software Market Share is Predicted to Reach US$ 10.45 Billion by 2030 Registering a CAGR of 11.60%
Fixed Asset Management Software Market Regional Analysis
A regional analysis of North America, Europe, Asia Pacific, and the Rest of the World (RoW) has been performed. As per the study, the worldwide market is estimated to be dominated by North America. Countries like the U.S. and Canada are estimated to make the most substantial contribution during the assessment period.
There has been a rising usage of digital or fixed asset management software which is estimated to be one of the most crucial factors driving the regional growth during the review period. Besides, the growing research and development are likely to be another factor leading to regional expansion. The APAC region is likely to grow exponentially during the review period from 2017 to 2023. The region has been witnessing a surge in demand for enterprise content management in developing economies. Besides, the presence of a large number of manufacturers is anticipated be another significant factor leading to regional expansion.
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There are various fixed asset management software solutions available in the market 12, each with its own set of features and functionalities. Some of the top fixed asset management software solutions in 2023 include:
1 Sage Fixed Assets: This software offers a comprehensive set of tools for managing fixed assets, including acquisition, depreciation, disposal, maintenance, and reporting. It also includes features for tracking warranty and insurance information and managing lease agreements.
Asset Panda: This cloud-based software allows businesses to track their fixed assets using smartphones and tablets and capture real-time information on the go. It offers configurable workflows, automated alerts, and detailed reporting options.
AssetMAXX: This user-friendly software provides businesses with a complete view of their fixed assets, including their lifecycle history, scheduled maintenance, and depreciation. It also includes features for inventory management, purchase order tracking, and barcode scanning.
MRI Fixed Asset Management: This software offers a flexible and scalable solution for managing fixed assets and tracking their financial performance. It includes features for asset tracking, depreciation calculation, cost analysis, and revaluation.
Sage Intacct: This cloud-based accounting software offers built-in fixed asset management capabilities, including asset tracking, depreciation calculation, and disposal management. It also includes features for project accounting, revenue recognition, and financial reporting.
Fixed Asset Management Software Market Segmentation
The worldwide fixed asset management software market can be distinguished on the basis of organization size, deployment, application, and geography.
On the grounds of organization size, the worldwide fixed asset market can be distinguished into large enterprises and SMEs.
On the basis of deployment, the worldwide fixed asset market can be distinguished into on-premise and cloud-based.
On the grounds of application, the worldwide fixed asset market can be distinguished into accounting, document management, tax management, asset management, asset tracking, and others.
On the grounds of geography, the global fixed asset market can be distinguished into North America, Europe, Asia Pacific, and the Rest of the World (RoW).
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Fixed Asset Management Software Market Key Players
The established players of the global fixed asset management software market are
- Sage Intacct (U.S.)
- Cougar Mountain Software (U.S.)
- Multiview Corporation (Canada)
- NetSuite (U.S.)
- SAP ERP Core Finance (Germany)
- Bloomberg BNA (U.S.)
- Acumatica ERP (U.S.)
- AccuFund Accounting Suite (U.S.)
- EAZY ERP (U.S.)
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