Zion Market Research Global Asset Management System Market, 2016–2024 | Page 3

Asset Management System Market
Global Asset Management System Market: Growth Factors
Asset management systems are used to track information about the tangible and intangible
assets; this, in turn, may drive the global asset management system market growth in the near
future. Asset management system is extensively used in the healthcare industry due to its high
use for keeping the record of the patients and medical equipment, especially in emergencies.
Conversely, huge capital investment and higher maintenance costs are restraining global asset
management system market growth.
Global Asset Management System Market: Segmentation
The global asset management system market is divided based on function, asset type, industry,
and solution. The function segment includes check-in/check-out, repair & maintenance,
movement tracking, and others. The asset type comprises manufacturing assets, returnable
transport assets, electronics assets, personnel, and others. The industry segment consists of
healthcare, industrial manufacturing, process industry, retail, transportation and logistics,
hospitality, and others. Furthermore, the solution segment includes barcode, radio frequency
identification (RFID), global positioning system (GPS), and real-time location system (RTLS). Of
these, the barcode is the dominating segment in the global asset management system market.
It is widely used in the numerous industries such as transportation and logistics, retail,
manufacturing, healthcare, and others. It has accurate identification rates and has low misread
ratio. Hence, owing to the significance of the barcode, it is used in various applications including
attendance, inventory management, and asset counting. RFID is the second largest in the global
market and efficient in the healthcare-related products and the medical device including bed
utilization, asset allocation, and patient flow.