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Home | Search Global IT News: IT News & Press Release Distribution: Asset Management System Market projected to be worth 25.55 Billion USD by 2022   (IT-NEWSWIRE.COM, March 24, 2017 ) According to the new market research report, “Asset Management System Market by Solution (RFID, RTLS, GPS and Barcode), Asset Type (Electronics Assets, Returnable Transport Assets, In-Transit Equipment, Manufacturing Assets and Personnel), Industry and Geography - Global Forecast to 2022” , The asset management system market was valued at USD 9.43 Billion in 2015 and is expected to reach USD 25.55 Billion by 2022, at a CAGR of 15.17% between 2016 and 2022. Asset management solutions reduce inventory and stock management cost and effectively utilize existing equipment through tracking and monitoring both in real time and non-real time, thereby helping organizations to achieve their objectives. These factors are driving the growth of the asset management system market. Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=255619316 Browse 85 market data tables and 64 figures spread through 180 pages and in-depth TOC on “Asset Management System Market" http://www.marketsandmarkets.com/Market-Reports/asset-management-system-market-255619316.html Early buyers will receive 10% customization on this report. “Retail industry to hold the largest share of the asset management system market” Inventory management, asset tracking, shelf stocking, check-out process management, and counterfeiting elimination are some of the key applications of asset management systems in the retail industry, which includes departmental stores and supermarkets. The barcode and passive radio-frequency identification (RFID) solutions are widely used in the retail industry, worldwide. Point-of-sale (POS) barcode scanners are used to read 2D barcode labels and rewards/loyalty cards, while passive tags are primarily used for apparel tagging. “RTLS solution is expected to grow at the highest rate in the asset management system market between 2016 and 2022” Real-Time Location System (RTLS) solutions have been widely adopted in the healthcare industry since a long time. RTLS technology has emerged with the maturity of barcode and passive RFID systems. RTLS solutions help track work-in-process carriers, containers, valuable equipment, and personnel. Moreover, RTLS solutions provide real-time monitoring of the operations in an enterprise, thereby ensuring smooth production. Considering all these factors, RTLS solution is expected to grow at the highest rate between 2016 and 2022. “Returnable transport assets to hold the largest market share in the asset management system market” Returnable assets are been used in almost all type of industries, thus holding a major share of the asset management system market. Returnable transport items plays a key role in the supply chain of the business, therefore their tracking and monitoring is important. There is a widespread usage of this function in industries such as automotive, beverage, grocery, food processing, fruit and vegetable, dairy, retail, medical, pharmaceutical, home improvement, raw materials, and postal services among others. Barcodes, passive RFID, and wireless fidelity (Wi-Fi) tags among other technologies are used to track the asset, increase the productivity, and reduce human efforts. “North America to hold the largest market share in the asset management system market” North America is likely to account for the largest share of the asset management system market owing to the presence of several retail giants (such as Walmart, Macy, Kohls, and Nordstrom) and well developed healthcare systems and transport infrastructure in the region. The asset management system market in North America is dominated by the U.S. Many companies in the asset management system market are located in North America. Inquiry Before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=255619316 The major players in the asset management system market are Datalogic S.p.A (Italy), Honeywell International Inc. (U.S.), Impinj, Inc. (U.S.), Mojix, Inc. (U.S.), Sato Holdings Corporation (Japan), Stanley Black and Decker, Inc. (U.S.), TomTom International BV (Netherlands), Topcon Corporation (Japan), Trimble Inc. (U.S.), Ubisense Group Plc. (U.K.), and Zebra Technologies Corporation (U.S.) among others. About MarketsandMarkets MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr.Rohan MarketsandMarkets 701 Pike Street Suite 2175, Seattle, WA 98101, United States Tel: 1-888-600-6441 Email: sales@marketsandmarkets.com Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets Website: http://www.marketsandmarkets.com/ MarketsandMarkets Mr. Rohan 1-888-600-6441 sales@marketsandmarkets.com Source: EmailWire.Com Source: EmailWire.com

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