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Asset Management Market to Reach $8.3 Trillion, Globally, by 2032 at 36.5% CAGR: Allied Market Research

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The global asset management market is driven by rise in need for optimum utilization of assets  and rising adoption of cloud-based IT asset management solution.

PORTLAND, Ore., Aug. 2, 2023 /PRNewswire/ — Allied Market Research published a report, titled,Asset management HYPERLINK “https://www.alliedmarketresearch.com/asset-management-market-A06192” Market by component (Solution, and Service), Asset type (Digital asset, Returnable Transport Assets, In-transit Assets, Manufacturing Assets, and Personnel/ Staff), Function (Location and Movement Tracking, Check-In/ Check-Out, Repair and Maintenance, and Others) and Application (Infrastructure Asset Management, Enterprise Asset Management, Healthcare Asset Management, Aviation Asset Management, and Others): Global Opportunity Analysis and Industry Forecast, 2023–2032. According to the report, the global asset management industry generated $376.82 billion in 2022, and is anticipated to generate $8280.73 billion by 2032, witnessing a CAGR of 36.5% from 2023 to 2032.


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Prime Determinants of Growth

The asset management market is influenced by several major drivers, restraints, and opportunities. The asset management market is rapidly developing as organizations attempt to increase efficiency and productivity by maximizing asset utilization. Furthermore, the market is being driven by the increasing adoption of cloud-based IT asset management systems, which enable organizations to centralize data, track assets in real-time, and realize cost savings, resulting in improved asset visibility and streamlined operations. However, lack of awareness and comprehension among SMEs, as well as financial limits, are important impediments to the asset management industry, preventing small and medium-sized businesses from receiving professional asset management services and investing in the sector. On the contrary, the rise of interconnected IT infrastructure creates a significant opportunity for the asset management market because it enables efficient data management, automation, real-time analytics, and improved communication, hence enhancing operational efficiency and decision-making capabilities.

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Report Coverage & Details:

Report Coverage

Details

Forecast Period

2023–2032

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Base Year

2022

Market Size in 2022

$376.82 billion

Market Size in 2032

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$8280.73  billion

CAGR

36.5 %

No. of Pages in Report

356

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Segments covered

Component, Asset Type, Function, Application, and Region.

Drivers

Rise in need for optimum utilization of assets

Rising adoption of cloud-based IT asset management solution

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Cost savings and increased profit for enterprise

Opportunities

Expansion of interconnected IT infrastructure

Restraints

High initial costs of asset management system

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Lack of awareness and understanding among SMEs and budget constraints impedes the market growth

 

COVID-19 Scenario

  • The impact of COVID-19 on the asset management market can be described as mixed. Initially, the pandemic had a negative effect on the market, as widespread economic uncertainty and market volatility led to significant declines in asset prices. Investor sentiment was cautious, leading to capital outflows and reduced investment activity.
  • In addition, the pandemic highlighted the significance of expert wealth management in navigating unpredictable times. Investors needed asset managers’ skills to lead their investments through the crisis and uncover potential opportunities in a rapidly shifting market.

The solution segment to maintain its leadership status throughout the forecast period

Based on component, the solution segment held the highest market share in 2022, accounting for more than three-fifths of the global asset management market revenue. This can be attributed to the fact that it offers comprehensive and customizable tools and software that help businesses efficiently track, monitor, and optimize their assets. However, the service segment is projected to manifest the fastest CAGR of 38.5% from 2023 to 2032, this is attribute to the fact that it enables to provide personalized and comprehensive investment solutions to meet the diverse needs of clients.

The digital assets segment to maintain its leadership status throughout the forecast period 

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Based on asset type, digital asset segment held the highest market share in 2022, accounting for around one-third of the global asset management market revenue, and is estimated to maintain its leadership status throughout the forecast period. This is attribute to fact that its ability to offer increased accessibility, efficiency, and potential for higher returns compared to traditional asset classes. However, the in-transit assets segment is projected to manifest the fastest CAGR of 40.7% from 2023 to 2032, this is attribute to the fact that the increasing demand for real-time tracking, efficiency optimization, and risk management of assets during transportation.

Procure Complete Report (356 Pages PDF with Insights, Charts, Tables, and Figures) @ https://bit.ly/3rQ77Sh 

The aviation asset management segment to maintain its leadership status throughout the forecast period 

Based on application, aviation asset management segment held the highest market share in 2022, accounting for around half of the global asset management market revenue, and is estimated to maintain its leadership status throughout the forecast period. This is attribute to the significant value and long lifespan of aviation assets, coupled with the need for specialized knowledge and expertise in managing these complex and expensive assets. However, the enterprise asset management segment is projected to manifest the fastest CAGR of 41.5% from 2023 to 2032, this is attribute to the ability to streamline operations, optimize resource allocation, and enhance maintenance strategies, resulting in increased efficiency and cost savings for organizations.

North America to maintain its dominance by 2032

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Based on region, North America held the highest market share in terms of revenue in 2022, accounting for nearly two-fifths of the global asset management market revenue. Asset management firms in North America assist individuals, organizations, and institutions in managing their financial investments. These organizations provide portfolio management, financial planning, and investment advising services to clients in order to assist them to optimize their investment strategy, maximizing returns, and limiting risk. However, the Asia-Pacific region is expected to witness the fastest CAGR of 39.7% from 2023 to 2032, and is likely to dominate the market during the forecast period, owing to the expanding middle class in the region has resulted in increased savings and wealth accumulation. The need for asset management services such as investment funds, private banking, and wealth management has expanded as individuals and families seek to maintain and grow their money.

Leading Market Players: –

  • ABB
  • BlackRock, Inc.
  • Charles Schwab Investment Management, Inc.
  • FMR LLC.
  • IBM Corporation
  • J.P. Morgan Chase & Co.
  • Morgan Stanley
  • Oracle Corporation.
  • Rockwell Automation Inc.
  • SAP SE

The report provides a detailed analysis of these key players of the global asset management market. These players have adopted different strategies such as expansion and product launch to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Key Benefits for Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the asset management market forecast from 2023 to 2032 to identify the prevailing asset management market opportunity.
  • Market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the asset management market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes an analysis of the regional as well as global asset management market trends, key players, market segments, application areas, and market growth strategies.

Asset Management Market Report Highlights

By Component

  • Solution
  • Service

By Asset Type

  • Digital Assets
  • Returnable Transport Assets
  • In-transit Assets
  • Manufacturing Assets
  • Personnel/ Staff

By Function

  • Location and Movement Tracking
  • Check-In/ Check-Out
  • Repair and Maintenance
  • Others

By Application

  • Infrastructure Asset Management
  • Enterprise Asset Management
  • Healthcare Asset Management
  • Aviation Asset Management
  • Others

By Region

  • North America (U.S., Canada)
  • Europe (UK, Germany, France, Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA (Latin America, Middle East, Africa)

Key Market Players

J.P. Morgan Chase & Co., FMR LLC., Charles Schwab Investment Management, Inc., Oracle Corporation, BlackRock, Inc., ABB, SAP SE, Morgan Stanley, Rockwell Automation Inc., IBM Corporation

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Want to Access the Statistical Data and Graphs, Key Players’ Strategies:  https://www.alliedmarketresearch.com/asset-management-market/purchase-options

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Enterprise Asset Leasing Market By Asset Type (Commercial Vehicles, Machinery & Industrial Equipment, Real Estate, IT Equipment and Others), Leasing Type (Operating Lease and Financial Lease), Industry Vertical (Transportation & Logistics, Manufacturing, Construction, IT & Telecom, Government & Public Sector and Others) and Enterprise Size (Large Enterprises and Small and Medium Enterprises): Global Opportunity Analysis and Industry Forecast, 2020-2027

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Financial Asset Broking Services Market by Service Type (Securities brokerage, Capital-raising services, Mortgage broking, Mergers and acquisitions services, Others) and by End User (Financial institutions, Individuals, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032

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About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Blockchain Press Releases

HTX Appoints Singapore National Goalkeeper Hassan Sunny as Chief Safeguarding Officer

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SINGAPORE, June 15, 2024 /PRNewswire/ — HTX, a leading cryptocurrency exchange, proudly announces the appointment of Singapore national football team goalkeeper Hassan Sunny as Chief Safeguarding Officer.

“The partnership between HTX, the ‘People’s Exchange’, and Hassan Sunny, the ‘People’s Goalkeeper’, is a perfect match,” said Justin Sun, Member of the HTX Global Advisory Board. “Together, we will work to ensure the safety and security of user assets in the ever-evolving crypto world. Just as Sunny fearlessly protects his goal on the field, HTX is committed to protecting every user’s assets with the same determination and resolve, providing the safest and most reliable investment environment possible.”

Sunny also expressed his excitement about joining the HTX family, stating “I am excited to be part of HTX. I can’t wait to embark on this journey with the team.”

Sunny has been called a national hero in China for his outstanding performance in the final group match of the first round of the 2026 FIFA World Cup Asian Qualifiers against Thailand on June 11th. Despite facing relentless attacks, Sunny made an incredible 11 saves, including a crucial one in stoppage time. Singapore ultimately lost the match 1-3, but their result helped China qualify for the next round at the expense of Thailand.

About HTX:

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Founded in 2013, HTX has evolved from a crypto exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investment, incubation and other areas. HTX serves millions of users worldwide, with a business presence covering over 160 countries and regions across five continents. Its three development strategies – “global development, technology drives development, and technology for good” underpin its commitment to providing comprehensive services and values to global cryptocurrency enthusiasts.

 

View original content:https://www.prnewswire.co.uk/news-releases/htx-appoints-singapore-national-goalkeeper-hassan-sunny-as-chief-safeguarding-officer-302173558.html

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Blockchain

New seed-stage VC fund from Finland secures €6 million in initial close for €30 million blockchain fund

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Helsinki-based Equilibrium Ventures (EQV), a new seed-stage venture capital fund focused on the crypto sector, has successfully closed the first round of its €30 million fund, raising €6 million from limited partners (LPs). This milestone highlights growing interest in blockchain startups and a promising future for the European crypto ecosystem.

The fund is led by an experienced team of partners: Mika Honkasalo, Henrik Sundvik (formerly of Bain & Company), and Christopher Ahn (ex-Molten Ventures investor). Equilibrium Ventures aims to attract and support founders with deep technical expertise in blockchain technologies, covering areas such as zero-knowledge proofs and smart contracts, essential for developing advanced blockchain solutions.

Equilibrium Ventures has attracted a diverse group of backers, including strategic investors, family offices, and notable LPs like Sebastien Borget, co-founder of the metaverse platform The Sandbox. This support underscores the fund’s credibility and signals growing confidence in crypto investments despite recent market challenges.

Dedicated to crypto infrastructure, Equilibrium Ventures emphasizes rigorous technical due diligence and value addition for pre-seed and seed engineering firms. With a network of about 70 blockchain engineers, mainly based in Europe, the fund is well-positioned to help startups develop robust blockchain technologies.

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The renewed interest in venture capital investment in blockchain, bolstered by evolving regulatory landscapes in the US and Europe, is expected to increase investor confidence in the crypto sector. Equilibrium Ventures, with its technical expertise and strategic support, is poised to become a significant player in Europe’s crypto venture scene.

Looking ahead, Equilibrium Ventures aims for a second close by the end of this summer, targeting 80% of the total fund. This progress indicates strong momentum and the potential for significant contributions to the European blockchain ecosystem.

Source: arcticstartup.com

The post New seed-stage VC fund from Finland secures €6 million in initial close for €30 million blockchain fund appeared first on HIPTHER Alerts.

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Blockchain

Riot Platforms Acquires 14% Stake in Bitfarms Ltd.

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Riot Platforms, Inc. has announced its acquisition of a 14% stake in Bitfarms Ltd., as detailed in a recent press release by Riot Platforms. This move aligns with Riot’s strategy to influence corporate governance within Bitfarms.

Acquisition Details

On June 13, 2024, Riot Platforms purchased 1,432,063 common shares of Bitfarms Ltd., representing about 0.35% of Bitfarms’ issued and outstanding common shares. The shares were bought on the Nasdaq Stock Market and other open markets at an average price of approximately $2.70 per share, totaling $3,870,293.46.

Before this acquisition, Riot held 56,194,973 common shares of Bitfarms, equating to 13.65% ownership. With the new shares, Riot now holds 57,627,036 common shares, resulting in a 14% stake in Bitfarms.

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Strategic Intentions

Riot Platforms intends to call a special meeting of Bitfarms’ shareholders to nominate several independent directors to the board, citing concerns over Bitfarms’ corporate governance. Riot seeks to influence Bitfarms’ strategic direction and enhance its governance standards.

Riot is continuously reviewing its investment in Bitfarms and may adjust its position based on factors such as market conditions and the company’s financial status. Potential actions include increasing or decreasing its stake, entering into hedging transactions, or proposing additional strategic measures.

Forward-Looking Statements

The press release includes forward-looking statements subject to risks and uncertainties, reflecting Riot’s current expectations and assumptions. Riot cautions investors to consider these risks before making investment decisions.

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Riot’s vision is to become the leading Bitcoin-driven infrastructure platform, focusing on a vertically integrated strategy with Bitcoin mining operations in Texas and electrical switchgear engineering in Colorado.

Source: blockchain.news

The post Riot Platforms Acquires 14% Stake in Bitfarms Ltd. appeared first on HIPTHER Alerts.

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