Top 15 Companies Reshaping the Asset Management Landscape with Insights & Tech (2024–2035): Market Drivers, Demand and Growth
RELEASE DATE: Jul 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, the Global Asset Management Market Size is projected to grow from USD 668.09 billion in 2024 to USD 15841.87 billion by 2035, at a CAGR of 33.35% during the forecast period 2025–2035. Increased need for efficient asset tracking and management, optimal asset usage, and a desire to reduce maintenance downtime are driving the worldwide asset management market.
Introduction
Asset management is a systematic method of managing both fixed and current assets, encompassing the whole infrastructure asset portfolio, with the goal of lowering the costs associated with asset acquisition, operation, maintenance, and renewal. One of the main responsibilities of asset management is to oversee the money of clients, whether they are individuals or investment banks. Because it enables them to monitor their assets, guarantee the accuracy of amortization rates, and recognize and control risks, asset management is favored by a variety of businesses and organizations. Asset management is essential because it allows for the methodical identification of the optimum investments to make in order to guarantee portfolio growth, thereby optimizing the life cycle of assets from acquisition to disposal. An industrial operation, for example, would benefit from investing in a costly, high-specification stainless steel piping system since it reduces overall organizational risk and guarantees minimal maintenance costs over the systems lengthy lifespan.
Key Market Drivers:
The manufacturing sector is increasingly using asset management systems.
The increasing use of asset management systems in the manufacturing sector is one of the many growth prospects available to the asset management business. More effective asset management techniques are needed as the industrial sector expands in order to handle its numerous assets. This gives asset management firms the chance to deliver specialized solutions in order to meet the particular needs of the sector. Utilizing cutting-edge technology like artificial intelligence (AI) and the Internet of Things (IoT) presents another possibility. These technologies can be used by asset management firms to improve the accuracy and effectiveness of their asset tracking and management systems.
Effective asset monitoring and administration
The necessity for efficient asset tracking and management has an impact on the asset management business as well. Having a centralized system for tracking and managing assets has become more crucial as organizations' asset volumes and complexity have increased. By making it easier to locate and use the necessary assets, this improves operational efficiency and lowers expenses associated with lost or misplaced assets. The advantages of improved asset use, tracking, and maintenance may outweigh the costs associated with putting asset management systems in place. Additionally, the growth of asset management in emerging nations and sectors offers encouraging prospects for the asset management market to develop and thrive.
Asset Management Market Size & Statistics
- The market asset management was estimated to be worth USD 668.09 billion in 2024.
- The market is going to expand at a CAGR of 33.35% between 2025 and 2035.
- The Global Asset Management Market is anticipated to reach USD 15841.87 billion by 2035.
- North America is expected to generate the highest demand during the forecast period.
- Europe is expected to grow the fastest during the forecast period
Regional growth and demand
Europe is expected to grow the fastest during the forecast period in the asset management market. The use of integrated asset management platforms is being driven by the growing trend of digital transformation projects among European businesses. Better decision-making and resource allocation are made possible by these systems' consolidated control and visibility over a variety of asset portfolios. Businesses are realizing more and more how crucial it is to optimize asset lifecycle management in order to boost output, reduce downtime, and advance long-term sustainability objectives.
North America is expected to generate the highest demand during the forecast period in the asset management market. North America has taken a significant lead in the adoption of technology and the building of infrastructure. A strong presence of major IT businesses and increasing digitalization in the US and Canada would drive the North American markets growth. Additionally, the market is expected to grow as more connected, intelligent, and secure technologies are adopted for asset-centric applications. Fixed asset management procedures have changed as a result of technological advancements, especially the incorporation of Internet of Things (IoT) devices and sensor technologies. Proactive maintenance and reduced downtime are made possible by IoT-enabled asset tracking systems, which offer real-time visibility into asset location, conditions, and performance.
Top 15 Companies Leading the Asset Management Market
- worX Software
- Flex Axio
- Vingt.io
- Future Maintenance Technologies
- Vitum Technologies
- ABB Inc.
- Adobe Systems Inc.
- Brookfield Asset Management Inc.
- Honeywell International Inc.
- IBM Corp.
- Oracle Corp.
- Rockwell Automation, Inc.
- Siemens AG
- WSP Global Inc.
- Zebra Technologies Corp.
- Hitachi, Ltd.
- General Electric Company
- Bentley Systems, Incorporated
- Hexagon AB
- AssetWorks, Inc.
1. worX Software
Headquarters - UK
WorX Software creates TagworX, a platform for managing assets and inventory that integrates RFID and barcode data collection. From order receipt to return management, the companys solution integration streamlines the product path. In the medical field, TagworX RFID is used to identify and verify sets of objects, such medications and equipment in ambulances or crash trolleys. It identifies those that need calibration and looks for any missing components. TagworX can be used in supply chains and laptop storage facilities.
2. Flex Axio
Headquarters - USA
Flex Axion provides capital market portfolio management tools. The companys ETFRebal software enhances the exchange-traded fund asset management sector using mathematical programming. Client portfolios are directly indexed and customized by its other offering, SMARebal. Additionally, the business offers FACore, a proprietary hybrid cloud computing architecture that combines quantum computing with regular cloud computing. Additionally, unique machine learning is used by the FAOne (Flex Axion's Ontology Engine) to identify and fix mistakes. The solutions offered by Flex Axion guarantee effective handling of daily portfolio rebalancing needs.
3. Vingt.io
Headquarters – Canada
An AI-powered DeFi ecosystem for asset management is developed by Vingt.io. It links decentralized marketplaces with conventional investors. It provides the VISP protocol, which lets fund managers and entrepreneurs design unique tokenized strategies. Block-AI, the companys AI framework, produces insights for managing the DeFi ecosystem. Additionally, the third-generation decentralized exchange VingtSwap V3 improves trading efficiency and liquidity. Additionally, Vingt.io provides Volar, a non-custodial wallet that supports Web3.0 and facilitates digital asset management.
4. Future Maintenance Technologies
Headquarters - Australia
Future Maintenance Technologies creates TRES, a rolling stock autonomous inspection robot that performs rail asset inspections using robotics and in-house sensor technologies. Using the most recent infrared and optical technology, the company also provides RFD, an autonomous inspection robot for rail assets, facilities, and infrastructure. In addition, it offers ARIIS, which automates rail infrastructure inspections by combining many rail inspection sensors on a completely autonomous rail vehicle. Future Maintenance Technologies offers solutions that lessen the need to deploy personnel into the train corridor to evaluate assets.
5. Vitum Technologies
Headquarters - Spain
Vitum Technologies, founded in 2020 and based in Girona, Spain, is a SaaS company specializing in IoT-powered asset tracking and traceability for sectors like logistics, manufacturing, retail, and waste management. Its flagship platform, BigConnect, enables businesses to digitally model physical assets such as containers, tanks, and pallets offering customizable blueprints that define properties through specific data types, units, and operational requisites. The system delivers real-time visibility and monitoring, while its BigAI Analytics tool empowers data-driven decision-making to boost operational efficiency and minimize losses
Are you ready to discover more about the Asset management market?
The report provides an in-depth analysis of the leading companies operating in the global Asset management market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- worX Software
Business Overview
Company Snapshot
Products Overview
Company Market Share Analysis
Company Coverage Portfolio
Financial Analysis
Recent Developments
Merger and Acquisitions
SWOT Analysis
- Flex Axio
- Vingt.io
- Future Maintenance Technologies
- Vitum Technologies
- ABB Inc.
- Adobe Systems Inc.
- Brookfield Asset Management Inc.
- Honeywell International Inc.
- IBM Corp.
Conclusion
The growing need for financial advisory services, digitization, and an increase in both individual and institutional investments are driving the robust expansion of the worldwide asset management market. The sector is seeing a transition toward diversified and sustainable portfolios as a result of the growth of sovereign wealth funds, retirement assets, and high-net-worth individuals (HNWIs). Adoption of technology, such as artificial intelligence (AI) and data analytics, is improving client experiences and investing strategies. Traditional asset management approaches are also changing as a result of regulatory changes and ESG-focused investing. With the help of the global economic recovery and growing investor awareness, the market is anticipated to expand gradually overall.
About the Spherical Insights & Consulting
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