Market Forecast by Components (solutions and services), by Asset Types (fixed asset and mobile asset), by Deployment Modes (on-premises and cloud) by Organization Size (SMEs and large enterprises), by Verticals (building & automation, manufacturing, healthcare, retail, energy & utilities, transportation & logistics, metal & mining and others), by Regions (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) and Competitive Landscape
Product Code: ETC037277 | Publication Date: Dec 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 300 | No. of Figures: 90 | No. of Tables: 30 |
Report Name | Mobile Asset Management (MAM) Market |
Forecast Period | 2025-2031 |
Market Size | USD 7.4 billion by 2031 |
CAGR | 12.5% |
Growing Sector | Transportation and logistics |
The Mobile Asset Management (MAM) Market report thoroughly covers the market by components, asset types, deployment modes, organization size, verticals, and key regions. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high-growth areas, and market drivers to help stakeholders align their strategies with current and future market dynamics.
The market for mobile asset management (MAM) is expected to grow at a strong CAGR of 12.5%, from USD 2.4 billion in 2025 to over USD 7.4 billion by 2031. The increasing demand for real-time asset tracking systems, the use of mobile devices in the workplace, and the uptake of predictive maintenance technologies are the key drivers of this expansion. Since cloud-based solutions are more flexible and economical than traditional on-premises systems, they are anticipated to dominate the industry.
The mobile asset management (MAM) market growth is propelled by growing use of mobile devices for business operations, increasing demand for real-time tracking, and the extensive acceptance of predictive maintenance technologies. Cloud-based solutions are being preferred because of their cost-effectiveness and flexibility. North America is predicted maintain dominance in the market with its sophisticated infrastructure and robust business demand, while Asia Pacific is forecast to grow quickly due to industrialization, technological adoption, and digital transformation programs.
According to 6Wresearch, the Mobile Asset Management (MAM) Market is anticipated to grow at a CAGR of 12.5% during the forecast period 2025-2031. There are multiple factors driving the mobile asset management (MAM) market growth. By facilitating smooth, mobile operations, the growing use of mobile devices across industries is changing asset management. As companies look to maximize asset usage and boost operational efficiency, real-time tracking systems are becoming more and more popular. By assisting businesses in lowering maintenance expenses and downtime through preventive measures, predictive maintenance technologies are contributing to the market's expansion. Furthermore, cloud-based solutions are becoming a preferred choice over conventional on-premises systems due to their cost-effectiveness, scalability, and flexibility, which makes them an essential factor in market growth.
Notwithstanding its potential for expansion, the MAM market is confronted with major challenges. Given the increasing danger of cyber-attacks and the possibility for sensitive asset-related data to be compromised, data security is still a major concern. Additionally, MAM systems are not used by smaller firms because to high implementation costs, which restricts market penetration in several industries. Additionally, it can be difficult and resource-intensive to integrate MAM solutions with current infrastructure, which puts legacy system companies at a disadvantage.
Important trends are changing the face of the worldwide mobile asset management (MAM) market. Smarter, more connected asset management solutions are made possible by the combination of IoT and AI technologies, and cloud-based platforms are becoming more and more popular due to their efficiency and scalability. Real-time data analytics are being used by businesses more and more to improve operational visibility and decision-making. Additionally, as businesses place a higher priority on reducing downtime and maximizing asset performance, demand for predictive maintenance is rising. All of these patterns point to a dynamic shift in the MAM market.
The mobile asset management market has encouraging investment prospects as more industries embrace cutting-edge technology to maximize asset usage. Significant promise exists in IoT and AI-driven innovations, which allow for more intelligent, real-time tracking and asset management features that meet changing business requirements. The scalability, adaptability, and cost-effectiveness of cloud-based platforms also create investment opportunities. Businesses are increasingly favoring proactive measures to reduce operational downtime, and predictive maintenance technology are another potential field. Emerging markets, especially Asia Pacific region, is expected to grow quickly as a result of technological adoption, industrialization, and government measures that encourage digital transformation.
Several prominent players dominate the Mobile Asset Management (MAM) market, driving innovation and shaping its competitive landscape. Companies like IBM, SAP, Oracle, Zebra Technologies, and Trimble are at the forefront, offering advanced solutions tailored to diverse industry needs. IBM and Oracle lead with robust AI and IoT-enabled platforms that enhance asset tracking and management capabilities. SAP continues to innovate with integrated enterprise solutions, while Zebra Technologies specializes in real-time tracking devices. Trimble stands out with its expertise in GPS and geospatial technologies, catering to industries like construction and logistics.
Government rules have a big impact on the market for mobile asset management (MAM) by defining how data is handled, kept, and protected. Companies are required to protect user information and maintain transparency by laws such as the CCPA in California and the GDPR in Europe, which enforce strict data privacy requirements. To protect sensitive patient data, MAM solutions associated to healthcare in the US must adhere to HIPAA. The use of strong security measures to reduce the risks of data breaches and cyber-attacks is further encouraged by cyber security standards like ISO/IEC 27001 and NIST frameworks.
The market for mobile asset management (MAM) is expected to grow rapidly in the future due to 5G technology, which will allow for faster and more dependable real-time tracking, and AI-powered predictive analytics, which will increase efficiency. The emergence of edge and cloud computing systems provides scalable and adaptable asset management strategies for a range of sectors. As these technologies become more popular in industries like healthcare and logistics, emerging regions offer significant prospects. Furthermore, sustainability efforts will influence future plans by promoting inventions that improve operational efficiency and lessen their negative effects on the environment.
The report offers a comprehensive study of the following market segments and their leading categories:
Solutions are expected to dominate the Market – By Components
According to Ashutosh, Senior Research Analyst at 6Wresearch, the solutions and services segments make up the MAM market. It is anticipated that solutions would dominate due to the growing need for tracking, analytics, and monitoring tools that improve operational effectiveness. Despite being essential for installation and upkeep, services are still viewed as secondary which help solutions be adopted more widely.
It is projected that mobile assets will dominate the industry since they are essential to construction, logistics, and transportation sectors. Due to the frequent requirement for real-time tracking enabled by technologies such as RFID and GPS, mobile assets are a primary emphasis. Such sophisticated tracking capabilities are less useful for fixed assets.
Cloud-based deployment will become standard as companies move toward easily accessible, scalable, and affordable solutions. Although on-premises solutions are attractive to those who value security and control, they are less popular because of their higher prices and less flexibility.
Large enterprises presently lead the way in MAM adoption due to their resources for incorporating cutting-edge solutions into their operations. But thanks to cloud-based and subscription solutions that make cutting-edge technology more accessible and inexpensive, SMEs are starting to take notice.
Transportation and logistics are the most important industries which rely on real-time asset monitoring for supply chain optimization and fleet management. Though not as much, other active industries including manufacturing, retail, and healthcare also make a contribution.
North America dominates the industry thanks to its strong IT infrastructure and early technological adoption. However, the rollout of 5G, industrialization, and investments in healthcare and logistics will all contribute to Asia Pacific's rapid growth. While Latin America and the Middle East are growing slowly, Europe is still strong due to stringent compliance requirements like GDPR.
The Mobile Asset Management (MAM) Market report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Global Electric Mobile Asset Management (MAM) Market Overview |
3.1. Global Electric Mobile Asset Management (MAM) Market Revenues, 2021-2031F |
3.2. Global Electric Mobile Asset Management (MAM) Market Revenue Share, By Components, 2021 & 2031F |
3.3. Global Electric Mobile Asset Management (MAM) Market Revenue Share, By Asset Types, 2021 & 2031F |
3.4. Global Electric Mobile Asset Management (MAM) Market Revenue Share, By Deployment Modes, 2021 & 2031F |
3.5. Global Electric Mobile Asset Management (MAM) Market Revenue Share, By Organization Size, 2021 & 2031F |
3.6. Global Electric Mobile Asset Management (MAM) Market Revenue Share, By Verticals, 2021 & 2031F |
3.7. Global Electric Mobile Asset Management (MAM) Market Revenue Share, By Regions, 2021 & 2031F |
3.8. Global Electric Mobile Asset Management (MAM) Market Industry Life Cycle |
3.9. Global Electric Mobile Asset Management (MAM) Market- Porter’s Five Forces |
4. Global Electric Mobile Asset Management (MAM) Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Global Electric Mobile Asset Management (MAM) Market Trends |
6. Global Electric Mobile Asset Management (MAM) Market Overview, By Components |
6.1. Global Electric Mobile Asset Management (MAM) Market Revenues, By Solutions, 2021-2031F |
6.2. Global Electric Mobile Asset Management (MAM) Market Revenues, By Services, 2021-2031F |
7. Global Electric Mobile Asset Management (MAM) Market Overview, By Asset Types |
7.1. Global Electric Mobile Asset Management (MAM) Market Revenues, By Fixed Asset, 2021-2031F |
7.2. Global Electric Mobile Asset Management (MAM) Market Revenues, By Mobile Asset, 2021-2031F |
8. Global Electric Mobile Asset Management (MAM) Market Overview, By Deployment Modes |
8.1. Global Electric Mobile Asset Management (MAM) Market Revenues, By On-premises, 2021-2031F |
8.2. Global Electric Mobile Asset Management (MAM) Market Revenues, By Cloud, 2021-2031F |
9. Global Electric Mobile Asset Management (MAM) Market Overview, By Organization Size |
9.1. Global Electric Mobile Asset Management (MAM) Market Revenues, By SMEs, 2021-2031F |
9.2. Global Electric Mobile Asset Management (MAM) Market Revenues, By Large Enterprises, 2021-2031F |
10. Global Electric Mobile Asset Management (MAM) Market Overview, By Verticals |
10.1. Global Electric Mobile Asset Management (MAM) Market Revenues, By Building Automation, 2021-2031F |
10.2. Global Electric Mobile Asset Management (MAM) Market Revenues, By Manufacturing, 2021-2031F |
10.3. Global Electric Mobile Asset Management (MAM) Market Revenues, By Healthcare, 2021-2031F |
10.4. Global Electric Mobile Asset Management (MAM) Market Revenues, By Retail, 2021-2031F |
10.5. Global Electric Mobile Asset Management (MAM) Market Revenues, By Energy & Utilities, 2021-2031F |
10.6. Global Electric Mobile Asset Management (MAM) Market Revenues, By Transportation & Logistics, 2021-2031F |
10.7. Global Electric Mobile Asset Management (MAM) Market Revenues, By Metal & Mining, 2021-2031F |
10.8. Global Electric Mobile Asset Management (MAM) Market Revenues, By Others, 2021-2031F |
11. Asia Pacific Electric Mobile Asset Management (MAM) Market Overview |
11.1. Asia Pacific Electric Mobile Asset Management (MAM) Market Revenues, 2021-2031F |
11.2. Asia Pacific Electric Mobile Asset Management (MAM) Market Revenue Share, By Components, 2021 & 2031F |
11.3. Asia Pacific Electric Mobile Asset Management (MAM) Market Revenue Share, By Asset Types, 2021 & 2031F |
11.4. Asia Pacific Electric Mobile Asset Management (MAM) Market Revenue Share, By Deployment Modes, 2021 & 2031F |
11.5. Asia Pacific Electric Mobile Asset Management (MAM) Market Revenue Share, By Organization Size, 2021 & 2031F |
11.6. Asia Pacific Electric Mobile Asset Management (MAM) Market Revenue Share, By Verticals, 2021 & 2031F |
11.7. Asia Pacific Electric Mobile Asset Management (MAM) Market Revenue Share, By Countries, 2021 & 2031F |
12. North America Electric Mobile Asset Management (MAM) Market Overview |
12.1. North America Electric Mobile Asset Management (MAM) Market Revenues, 2021-2031F |
12.2. North America Electric Mobile Asset Management (MAM) Market Revenue Share, By Components, 2021 & 2031F |
12.3. North America Electric Mobile Asset Management (MAM) Market Revenue Share, By Asset Types, 2021 & 2031F |
12.4. North America Electric Mobile Asset Management (MAM) Market Revenue Share, By Deployment Modes, 2021 & 2031F |
12.5. North America Electric Mobile Asset Management (MAM) Market Revenue Share, By Organization Size, 2021 & 2031F |
12.6. North America Electric Mobile Asset Management (MAM) Market Revenue Share, By Verticals, 2021 & 2031F |
12.7. North America Electric Mobile Asset Management (MAM) Market Revenue Share, By Countries, 2021 & 2031F |
13. Latin America Electric Mobile Asset Management (MAM) Market Overview |
13.1. Latin America Electric Mobile Asset Management (MAM) Market Revenues, 2013-2031F |
13.2. Latin America Electric Mobile Asset Management (MAM) Market Revenue Share, By Components, 2021 & 2031F |
13.3. Latin America Electric Mobile Asset Management (MAM) Market Revenue Share, By Asset Types, 2021 & 2031F |
13.4. Latin America Electric Mobile Asset Management (MAM) Market Revenue Share, By Deployment Modes, 2021 & 2031F |
13.5. Latin America Electric Mobile Asset Management (MAM) Market Revenue Share, By Organization Size, 2021 & 2031F |
13.6. Latin America Electric Mobile Asset Management (MAM) Market Revenue Share, By Verticals, 2021 & 2031F |
13.7. Latin America Electric Mobile Asset Management (MAM) Market Revenue Share, By Countries, 2021 & 2031F |
14. Europe Electric Mobile Asset Management (MAM) Market Overview |
14.1. Europe Electric Mobile Asset Management (MAM) Market Revenues, 2021-2031F |
14.2. Europe Electric Mobile Asset Management (MAM) Market Revenue Share, By Components, 2021 & 2031F |
14.3. Europe Electric Mobile Asset Management (MAM) Market Revenue Share, By Asset Types, 2021 & 2031F |
14.4. Europe Electric Mobile Asset Management (MAM) Market Revenue Share, By Deployment Modes, 2021 & 2031F |
14.5. Europe Electric Mobile Asset Management (MAM) Market Revenue Share, By Organization Size, 2021 & 2031F |
14.6. Europe Electric Mobile Asset Management (MAM) Market Revenue Share, By Verticals, 2021 & 2031F |
14.7. Europe Electric Mobile Asset Management (MAM) Market Revenue Share, By Countries, 2021 & 2031F |
15. Middle East Electric Mobile Asset Management (MAM) Market Overview |
15.1. Middle East Electric Mobile Asset Management (MAM) Market Revenues, 2021-2031F |
15.2. Middle East Electric Mobile Asset Management (MAM) Market Revenue Share, By Components, 2021 & 2031F |
15.3. Middle East Electric Mobile Asset Management (MAM) Market Revenue Share, By Asset Types, 2021 & 2031F |
15.4. Middle East Electric Mobile Asset Management (MAM) Market Revenue Share, By Deployment Modes, 2021 & 2031F |
15.5. Middle East Electric Mobile Asset Management (MAM) Market Revenue Share, By Organization Size, 2021 & 2031F |
15.6. Middle East Electric Mobile Asset Management (MAM) Market Revenue Share, By Verticals, 2021 & 2031F |
15.7. Middle East Electric Mobile Asset Management (MAM) Market Revenue Share, By Countries, 2021 & 2031F |
16. Africa Electric Mobile Asset Management (MAM) Market Overview |
16.1. Africa Electric Mobile Asset Management (MAM) Market Revenues, 2021-2031F |
16.2. Africa Electric Mobile Asset Management (MAM) Market Revenue Share, By Components, 2021 & 2031F |
16.3. Africa Electric Mobile Asset Management (MAM) Market Revenue Share, By Asset Types, 2021 & 2031F |
16.4. Africa Electric Mobile Asset Management (MAM) Market Revenue Share, By Deployment Modes, 2021 & 2031F |
16.5. Africa Electric Mobile Asset Management (MAM) Market Revenue Share, By Organization Size, 2021 & 2031F |
16.6. Africa Electric Mobile Asset Management (MAM) Market Revenue Share, By Verticals, 2021 & 2031F |
16.7. Africa Electric Mobile Asset Management (MAM) Market Revenue Share, By Countries, 2021 & 2031F |
17. Global Electric Mobile Asset Management (MAM) Market Competitive Landscape |
17.1. Global Electric Mobile Asset Management (MAM) Market, By Companies, 2021 |
17.2. Asia Pacific Electric Mobile Asset Management (MAM) Market, By Companies, 2021 |
17.3. North America Electric Mobile Asset Management (MAM) Market, By Companies, 2021 |
17.4. Latin America Electric Mobile Asset Management (MAM) Market, By Companies, 2021 |
17.5. Europe Electric Mobile Asset Management (MAM) Market, By Companies, 2021 |
17.7. Middle East Electric Mobile Asset Management (MAM) Market, By Companies, 2021 |
17.8. Africa Electric Mobile Asset Management (MAM) Market, By Companies, 2021 |
18. Company Profiles |
19. Key Strategic Recommendations |