According to the new market research report “Asset Management Market by GPS, RFID, RTLS, Barcode, Electronic Assets, Returnable Transport Assets, In-transit Equipment, Manufacturing Assets, retail, healthcare, Industrial Manufacturing and Process Industries – Global Forecast to 2030” 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 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.
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.