Saudi Arabia asset management
market is bound to experience impressive growth with anticipated CAGR in the
forecast period, 2023-2027, 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 2027.
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.
Objective
of the Study:
- To analyze the historical
growth of the market size of Saudi Arabia asset management market from 2017
to 2020.
- To estimate and forecast the market size of Saudi
Arabia asset management market from 2021 to 2027 and growth rate until 2027.
- 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.
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Attribute
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Details
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Base Year
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2021
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Historical Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million and CAGR for 2017-2021 and 2022-2027
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Report coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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·
Component
·
Asset Type
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Function
·
Application
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Regional scope
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Western Region, Northern and Central Region, Eastern Region,
Southern Region
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Key companies profiled
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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).
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Customization scope
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10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase
options
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Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
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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]