Saudi Arabia asset management market is bound to experience impressive growth with anticipated CAGR in the forecast period, 2022-2026, on the account of advantages of managing the resources, inventory, and storage management efficiently ad reduce the cost is driving the growth of the market. Asset management is a method of streamlining the operations, optimizing the utilization of existing resources. These process aids the businesses in saving costs enhancing profits, along with improving the return of investment. The definition itself highlights the advantages that are supporting the growth of the market since they are being actively incorporated by various sectors and aiding the growth of the market related to the service in the upcoming five years. Moreover, the companies and organizations can track and manage their existing resources efficiently in real-time.  Implementation of the asset management in personnel tracking, and hospitals is further aiding the growth of the market in the next five years. Additionally, rapid digitization and abundant availability of geographical information systems, (GIS) is further aiding the growth of the Saudi Arabia asset management market in the subsequent years of forecast until 2026. Furthermore, surging demand from the commercial as well as institutional sectors is supporting the growth of the market in the next five years.

The Saudi Arabia asset management market is segmented by component, asset type, function, application, regional distribution, and competitional landscape. Based on component, the market is further divided into solutions and services. Asset management solutions is anticipated to hold the larger revenue shares of the market and assert its dominance over the market segment in the next five years on the account of abundance of market players dealing with the solutions for asset management. Moreover, technological advancements are further supporting the growth of the market segment. Solutions category is further sub-segmented into real-time location system, barcode, labels, global positioning system, and others. Barcodes have registered maximum technological advancements, image barcode readers are rapidly utilized in various sectors like healthcare, logistics, food and beverage, and other consumer goods and the increased usage is supporting the growth of the main market in the next five years. Services segment is further sub-segmented into strategic, operational, and tactical. Operational sub-segment is anticipated to drive the growth of the service segment in the next five years.

A partial list of market player in the Saudi Arabia asset management market includes ABB Electrical Industries Co. Ltd. (ABB Saudi Arabia), Adobe Systems (Saudi Arabia), Honeywell Turki Arabia Ltd., Siemens Co. Ltd. – Al Khobar (Siemens Saudi Arabia), IBM Middle East FZ- LLC, Oracle Systems Limited - Saudi Arabia, Al- Khairat co., ltd. (Zebra Tech), Prudent Saudi Arabia ltd. (Rockwell automation), WSP Saudi Arabia, Zultec Group (Cognex Saudi Arabia), among others. These market players hold larger shares of the market than the new market players. With the evolving technology, it is appropriate to say that the effective research and development of the technologically advanced instruments and methods to satisfy consumer demands would support the market growth and benefit the market players as well as the consumers. New market players may focus on the research and development to provide such products and services that satisfies the consumer demand as well as benefits the market players in building their brand value. Other competitive strategies include mergers & acquisitions and new product developments.

Years considered for this report:

Historical Years: 2016 – 2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022 – 2026

Objective of the Study:

  • To analyze the historical growth of the market size of Saudi Arabia asset management market from 2016 to 2019.
  • To estimate and forecast the market size of Saudi Arabia asset management market from 2020 to 2026 and growth rate until 2026. 
  • To classify and forecast Saudi Arabia asset management market based on component, asset type, function, application, regional distribution, and competitional landscape
  • To identify dominant region or segment in the Saudi Arabia asset management market.
  • To identify drivers and challenges for Saudi Arabia asset management market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Saudi Arabia asset management market.
  • To identify and analyze the profile of leading players operating in Saudi Arabia asset management market.
  • To identify key sustainable strategies adopted by market players in Saudi Arabia asset management market.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers, suppliers, and service providers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufactures which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufactures, distribution channels and presence of all major players across the country.

TechSci Research calculated the market size of Saudi Arabia asset management market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Asset management service providers, end users, and other stakeholders
  • Distributers and suppliers of the products and other stakeholders
  • Organizations, forums, and alliances related to asset management
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Saudi Arabia asset management market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Saudi Arabia Asset Management Market, By Component:
    • Solutions
      • Real-Time Location System
      • Barcode
      • Labels
      • Global Positioning System
      • Others
    • Services
      • Strategic
      • Operational
      • Tactical
  • Saudi Arabia Asset Management Market, By Asset Type:
    • Digital Assets
    • Returnable Transport Assets
    • In-Transit Assets
    • Manufacturing Assets
    • Personnel/ Staff
  • Saudi Arabia Asset Management Market, By Function:
    • Location & Movement Tracking
    • Check In/ Check Out
    • Repair & Maintenance
    • Others
  • Saudi Arabia Asset Management Market, By Application:
    • Infrastructure
    • Enterprise
    • Healthcare
    • Others
  • Saudi Arabia Asset Management Market, By Region:
    • Western
    • Eastern
    • Northern & Central
    • Southern

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia asset management market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Saudi Arabia Asset Management Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]  

1.    Introduction

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID -19 on Saudi Arabia Asset Management Market

5.    Saudi Arabia Asset Management Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value (USD)

5.2.  Market Share & Forecast

5.2.1.     By Component (Solutions, Services)

5.2.2.     By Asset Type (Digital Assets, Returnable Transport Assets, In-Transit Assets, Manufacturing Assets, Personnel/ Staff)

5.2.3.     By Function (Location & Movement Tracking, Check In/ Check Out, Repair & Maintenance, Others)

5.2.4.     By Application (Infrastructure, Enterprise, Healthcare, Others)

5.2.5.     By Region (Northern & Central, Southern, Eastern, Western)

5.2.6.     By Company (2020)

5.3.  Product Market Map

6.    Saudi Arabia Solution Asset Management Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value (USD)

6.2.  Market Share & Forecast

6.2.1.     By Solution Type (Real-Time Location System, Barcode, Labels, Global Positioning System, Others)

6.2.2.     By Asset Type

6.2.3.     By Function

6.2.4.     By Application

7.    Saudi Arabia Services Asset Management Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value (USD)

7.2.  Market Share & Forecast

7.2.1.     By Service Type (Strategic, Operational, Tactical)

7.2.2.     By Asset Type

7.2.3.     By Function

7.2.4.     By Application

8.    Market Dynamics

8.1.     Drivers/Opportunities

8.2.     Challenges/Restraints

9.    Market Trends & Developments

10.  Policy & Regulatory Landscape

11.  Saudi Arabia Economic Profile

12.  Competitive Landscape

12.1.    Company Profiles

12.1.1.  ABB Electrical Industries Co. Ltd. (ABB Saudi Arabia)

12.1.2.  Adobe Systems (Saudi Arabia)

12.1.3.  Honeywell Turki Arabia Ltd.

12.1.4.  Siemens Co. Ltd. – Al Khobar (Siemens Saudi Arabia)

12.1.5.  IBM Middle East FZ- LLC

12.1.6.  Oracle Systems Limited - Saudi Arabia

12.1.7.  Al- Khairat co., ltd. (Zebra Tech)

12.1.8.  Prudent Saudi Arabia ltd. (Rockwell automation)

12.1.9.  WSP Saudi Arabia

12.1.10.                Zultec Group (Cognex Saudi Arabia)

13.  Strategic Recommendations

14. About Us & Disclaimer