North America Asset Management Market Outlook, 2029
The North America Asset Management Market is segmented into By Component (Solution, Services), By Solution (Real-Time Location System (RTLS), Barcode, Mobile Computer, Labels, Global Positioning System (GPS), Others), By Services (Strategic Asset Management, Operational Asset Management, Tactical Asset Management), By Asset type (Digital Assets, Returnable Transport Assets, In-transit Assets, Manufacturing Assets, Personnel/ Staff), By Application (Infrastructure Asset Management, Enterprise Asset Management, Healthcare Asset Management, Aviation Asset Management, Others).
- Bonafide Research
- 29-02-2024
- Pages : 87
- Figures : 12
- Tables : 21
- Region : North America
- Category : IT & Telecommunications
- Telecommunications & Networks
The North America Asset Management market was valued more than USD 130 Billion in 2023 due to mature financial markets and investment sophistication
- Historical Period2018-2022
- Base Year2023
- Forecast Period2024-2029
- Market Size (2023) USD 130 Billion
- Largest MarketUnited States Minor Outlying Islands
- Fastest Market Canada
- Format
Featured Companies
- 1. General Electric Company
- 2. Honeywell International Inc.
- 3. Hitachi Group
- 4. Oracle Corporation
- 5. ABB Group
- 6. Schneider Electric
- More...
Asset Management Market Analysis
North America is a global financial powerhouse, with the asset management business playing an important role in the country's economy. This region, which includes the United States, Canada, and Mexico, has a dynamic and diversified ecosystem of asset management companies, investors, and regulatory frameworks. North America's asset management business is comprised of a diverse network of financial organizations, including traditional asset managers, hedge funds, private equity firms, and pension funds. The United States, as the region's largest economy, dominates this terrain with some of the world's most notable asset management organizations. North America's asset management landscape is continually changing due to technological developments, legislative changes, and shifting investor preferences. One prominent trend is the increasing popularity of passive investing, exemplified by the rise of exchange-traded funds (ETFs). These low-cost investment vehicles, which track various market indices, have gained traction among retail and institutional investors alike, challenging the traditional active management approach. Furthermore, technological innovations in artificial intelligence, machine learning, and big data analytics are transforming investment procedures. Firms are embracing these technologies to improve risk management, optimize portfolio construction, and customize client experiences, allowing them to remain competitive in an increasingly digitalized market. Mexico's asset management business is expanding steadily, fueled by economic changes and rising investor interest. With a growing middle class and a developing financial services sector, Mexico offers exciting potential for asset managers to participate in the country's changing investment landscape. North America is still at the forefront of technological innovation in asset management, harnessing advances in artificial intelligence, machine learning, and data analytics to improve investment decision-making processes. Firms are implementing novel technology to improve portfolio management, risk assessment, and client engagement, thereby increasing market efficiency and competitiveness. According to the research report "North America Asset Management Market Outlook, 2029," published by Bonafide Research, the North America Asset Management market was valued more than USD 130 Billion in 2023. The regulatory environment in North America has a significant impact on the asset management industry, with regulatory bodies such as the Securities and Exchange Commission (SEC) in the United States and the Ontario Securities Commission (OSC) in Canada monitoring market integrity and investor protection. Compliance with regulatory standards is an important factor for asset managers operating in the region. North America is a hotspot for alternative investments, including private equity, venture capital, real estate, and infrastructure. Asset managers are progressively diversifying their portfolios by allocating capital to alternative asset classes in order to achieve higher returns and portfolio diversity in a volatile market environment. North America has various innovation hubs and financial centers, such as New York City, Toronto, and San Francisco that stimulate collaboration, creativity, and entrepreneurship in the asset management industry. These hubs serve as incubators for new ideas, technologies, and investment strategies, attracting talent and capital from around the world. The growth of financial technology (fintech) businesses in North America is challenging the traditional asset management environment by providing novel solutions for investment management, robo-advisory services, and peer-to-peer lending. Fintech businesses are challenging established players by offering low-cost alternatives and democratizing access to financial services for regular investors. North America is a popular market for real estate investment trusts (REITs), which allow investors to acquire exposure to real estate assets without actually owning the properties. REITs provide diversification, income creation, and possible capital appreciation, making them appealing investment vehicles for institutional and individual investors looking for exposure to the real estate sector.
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Download SampleMarket Dynamic
Major Drivers Technological innovation: Rapid technological improvements are driving the change in the North American asset management market. Firms are using artificial intelligence, machine learning, and big data analytics to improve investment decisions, increase operational efficiency, and provide tailored client experiences. From algorithmic trading to robo-advisory services, technology is transforming the industrial landscape, allowing asset managers to remain competitive in an increasingly digitalized economy. Embracing modern technologies helps not only risk management and portfolio performance but also scalability and agility, allowing businesses to respond to changing market conditions and investor preferences. Regulatory environment: The regulatory environment has a significant impact on the North American asset management sector by impacting investor trust, market transparency, and operational standards. Regulatory bodies, such as the Securities and Exchange Commission (SEC) in the United States and the Investment Industry Regulatory Organization of Canada (IIROC) in Canada, monitor compliance with asset management rules and regulations, such as registration, disclosure, and investor protection. Changes in regulatory requirements, such as the installation of new reporting standards or stronger compliance procedures, can have an impact on a company's operations, costs, and competitiveness. Major Challenges Cybersecurity threats: Given the increased reliance on digital platforms and data-driven technology, North American asset managers are becoming increasingly concerned about cybersecurity threats. Cyber-attacks, data breaches, and information security flaws can compromise client confidentiality, disrupt business operations, and harm reputations. Asset managers must prioritize cybersecurity measures, develop strong data protection standards, and invest in cybersecurity infrastructure to successfully protect sensitive information and prevent cyber threats. Changing investor preferences: North American asset managers face problems due to shifting investor preferences and demography. As millennials and Generation Z investors seek socially responsible and sustainable investing opportunities, asset managers must adjust their investment strategies and product offerings to suit changing investor demands. In order to attract and keep customers in a continuously changing investor landscape, asset managers must cater to different investor preferences, include environmental, social, and governance (ESG) issues into investment processes, and create openness and confidence.
Asset Management Segmentation
| By Component | Solution | |
| Services | ||
| By Asset Type | Digital Assets | |
| Returnable Transport Assets | ||
| In-Transit Assets | ||
| Manufacturing Assets | ||
| Personnel/ Staff | ||
| By Application | Infrastructure Asset Management | |
| Enterprise Asset Management | ||
| Healthcare Asset Management | ||
| Aviation Asset Management | ||
| Others | ||
| North America | United States | |
| Canada | ||
| Mexico | ||
Based on component segment market includes solution and services. Solution component segment is expected to lead the North America asset management market. Solution components often include a wide range of functionalities and features that handle various elements of asset management, such as asset tracking, maintenance scheduling, inventory management, and financial tracking. This holistic approach appeals to firms looking for integrated solutions to efficiently streamline their asset management procedures. Solution components allow you to design and grow asset management systems to meet the unique demands and requirements of each business. This adaptability enables businesses to tailor their asset management solutions to various asset types, industry verticals, and organizational structures, ultimately increasing efficiency and productivity. Solution components often include a wide range of functionalities and features that handle various elements of asset management, such as asset tracking, maintenance scheduling, inventory management, and financial tracking. This holistic approach appeals to firms looking for integrated solutions to efficiently streamline their asset management procedures. Solution components allow you to design and grow asset management systems to meet the unique demands and requirements of each business. This adaptability enables businesses to tailor their asset management solutions to various asset types, industry verticals, and organizational structures, ultimately increasing efficiency and productivity. The growing digitalization and automation of business operations is generating demand for advanced asset management systems in North America. As organizations across industries grasp the strategic relevance of effective asset management in achieving operational excellence and competitive advantage, the adoption of solution components is projected to accelerate even further. Based on asset type segment market includes digital assets, returnable transport assets, and In-transit assets, manufacturing assets and personnel / staff. Among them digital asset type is expected to lead the North America asset management market. Based on application segment market includes infrastructure asset management, enterprise asset management, healthcare asset management, aviation asset management and others. Among them aviation asset management application is expected to lead the North America asset management market. The fast digitization of enterprises across all industries is increasing the amount and complexities of digital assets are increasing quickly. Intangible assets include software, intellectual property, digital media, data, and online content. As businesses rely more on digital assets to fuel innovation, operations, and customer interaction, effective management and optimization of these assets become critical. The explosion of digital content generation, distribution, and consumption has resulted in an increase in the quantity and variety of digital assets. Businesses are bombarded with digital assets, ranging from multimedia files and social media content to software applications and online publications, all of which require effective management, access, and utilization. Digital asset management (DAM) solutions meet this rising demand by delivering centralized repositories, metadata tagging, version control, and collaboration features to streamline the management of digital content. North America has one of the world's largest and most sophisticated aviation businesses, with significant investments in airports, airlines, aircraft manufacture, and supporting infrastructure. Managing the varied spectrum of assets in the aviation sector, including aircraft, engines, components, facilities, and ground support equipment, necessitates sophisticated asset management solutions capable of meeting complex operational and regulatory requirements. Aviation asset management is subject to severe safety regulations, airworthiness standards, and maintenance requirements imposed by regulatory authorities such as the Federal Aviation Administration (FAA) in the United States and Transport Canada in Canada. Compliance with these standards is crucial for the safety of passengers, crew, and aircraft operations. Aviation asset management solutions play an important role in simplifying compliance by providing features such as maintenance tracking, regulatory reporting, audit trails, and documentation management.
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Asset Management Market Regional Insights
Based on report market includes three major countries including United States, Canada and Mexico. Among them United States is expected to lead the North America asset management market. The United States has the world's largest economy, with deep and liquid capital markets. Its economic strength, strong financial infrastructure, and diversified investment choices make it an appealing location for asset managers looking for development and prospects. New York City, also known as the world's financial capital, is home to Wall Street and a concentration of large financial institutions, investment banks, and asset management organizations. The city's reputation as a global financial hub attracts talent, capital, and investment opportunities, reinforcing the United States leadership in the asset management sector. The United States is home to a wide network of institutional investors, including pension funds, endowments, and sovereign wealth funds, who provide significant resources to asset managers for investing. These institutional investors seek experienced and reputable asset managers to manage their portfolios, driving demand for asset management services in the United States. Asset management firms headquartered in the United States have a strong global presence and influence, managing assets for clients all over the world. Their experience, track record, and scale allow them to compete effectively in international markets, garnering funds from investors looking for exposure to US markets and guidance in navigating global investment environments. The US has a flourishing entrepreneurial culture that encourages innovation, creativity, and risk-taking. Asset management firms in the United States foster an entrepreneurial culture, fostering innovation, experimentation, and collaboration to uncover new investment possibilities, develop proprietary methods, and differentiate themselves in the market.
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Companies Mentioned
- General Electric Company
- Honeywell International Inc.
- Hitachi Group
- Oracle Corporation
- ABB Group
- Schneider Electric
- Siemens AG
- Johnson Controls International Plc
- IBM Corporation
- Zebra Technologies Corporation
- Brookfield Corporation
- WSP Global Inc.
Table of Contents
- 1. Executive Summary
- 2. Research Methodology
- 2.1. Secondary Research
- 2.2. Primary Data Collection
- 2.3. Market Formation & Validation
- 2.4. Report Writing, Quality Check & Delivery
- 3. Market Structure
- 3.1. Market Considerate
- 3.2. Assumptions
- 3.3. Limitations
- 3.4. Abbreviations
- 3.5. Sources
- 3.6. Definitions
- 4. Economic /Demographic Snapshot
- 5. Global Asset Management Market Outlook
- 5.1. Market Size By Value
- 5.2. Market Share By Region
- 5.3. Market Size and Forecast, By Solution Component
- 5.4. Market Size and Forecast, By Services Component
- 5.5. Market Size and Forecast, By Asset type
- 5.6. Market Size and Forecast, By Application
- 6. North America Asset Management Market Outlook
- 6.1. Market Size By Value
- 6.2. Market Share By Country
- 6.3. Market Size and Forecast, By Component
- 6.4. Market Size and Forecast, By Asset type
- 6.5. Market Size and Forecast, By Application
- 7. Market Dynamics
- 7.1. Market Drivers & Opportunities
- 7.2. Market Restraints & Challenges
- 7.3. Market Trends
- 7.3.1. XXXX
- 7.3.2. XXXX
- 7.3.3. XXXX
- 7.3.4. XXXX
- 7.3.5. XXXX
- 7.4. Covid-19 Effect
- 7.5. Supply chain Analysis
- 7.6. Policy & Regulatory Framework
- 7.7. Industry Experts Views
- 7.8. United States Asset Management Market Outlook
- 7.8.1. Market Size By Value
- 7.8.2. Market Size and Forecast By Component
- 7.8.3. Market Size and Forecast By Asset type
- 7.8.4. Market Size and Forecast By Application
- 7.9. Canada Asset Management Market Outlook
- 7.9.1. Market Size By Value
- 7.9.2. Market Size and Forecast By Component
- 7.9.3. Market Size and Forecast By Asset type
- 7.9.4. Market Size and Forecast By Application
- 7.10. Mexico Asset Management Market Outlook
- 7.10.1. Market Size By Value
- 7.10.2. Market Size and Forecast By Component
- 7.10.3. Market Size and Forecast By Asset type
- 7.10.4. Market Size and Forecast By Application
- 8. Competitive Landscape
- 8.1. Competitive Dashboard
- 8.2. Business Strategies Adopted by Key Players
- 8.3. Key Players Market Positioning Matrix
- 8.4. Porter's Five Forces
- 8.5. Company Profile
- 8.5.1. ABB Ltd
- 8.5.1.1. Company Snapshot
- 8.5.1.2. Company Overview
- 8.5.1.3. Financial Highlights
- 8.5.1.4. Geographic Insights
- 8.5.1.5. Business Segment & Performance
- 8.5.1.6. Product Portfolio
- 8.5.1.7. Key Executives
- 8.5.1.8. Strategic Moves & Developments
- 8.5.2. Honeywell International Inc
- 8.5.3. Schneider Electric SE
- 8.5.4. International Business Machines Corporation
- 8.5.5. Oracle Corporation
- 8.5.6. Brookfield Corporation
- 8.5.7. Siemens AG
- 8.5.8. Zebra Technologies Corporation
- 8.5.9. WSP Global Inc.
- 8.5.10. Hitachi, Ltd.
- 8.5.11. General Electric Company
- 8.5.12. Johnson Controls International plc
- 9. Strategic Recommendations
- 10. Annexure
- 10.1. FAQ`s
- 10.2. Notes
- 10.3. Related Reports
- 11. Disclaimer
Table 2: Top 10 Counties Economic Snapshot 2022
Table 3: Economic Snapshot of Other Prominent Countries 2022
Table 4: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 5: Global Asset Management Market Size and Forecast, By Solution Component (2018 to 2029F) (In USD Billion)
Table 6: Global Asset Management Market Size and Forecast, By Services Component (2018 to 2029F) (In USD Billion)
Table 7: Global Asset Management Market Size and Forecast, By Asset type (2018 to 2029F) (In USD Billion)
Table 8: Global Asset Management Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 9: North America Asset Management Market Size and Forecast, By Component (2018 to 2029F) (In USD Billion)
Table 10: North America Asset Management Market Size and Forecast, By Asset type (2018 to 2029F) (In USD Billion)
Table 11: North America Asset Management Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 12: Influencing Factors for Asset Management Market, 2018
Table 13: United States Asset Management Market Size and Forecast By Component (2018 to 2029F) (In USD Billion)
Table 14: United States Asset Management Market Size and Forecast By Asset type (2018 to 2029F) (In USD Billion)
Table 15: United States Asset Management Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 16: Canada Asset Management Market Size and Forecast By Component (2018 to 2029F) (In USD Billion)
Table 17: Canada Asset Management Market Size and Forecast By Asset type (2018 to 2029F) (In USD Billion)
Table 18: Canada Asset Management Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 19: Mexico Asset Management Market Size and Forecast By Component (2018 to 2029F) (In USD Billion)
Table 20: Mexico Asset Management Market Size and Forecast By Asset type (2018 to 2029F) (In USD Billion)
Table 21: Mexico Asset Management Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Figure 2: Market attractiveness Index, By Region 2029
Figure 3: Market attractiveness Index, By Segment 2029
Figure 4: Global Asset Management Market Size By Value (2018, 2023& 2029F) (in USD Billion)
Figure 5: Global Asset Management Market Share By Region (2018)
Figure 6: North America Asset Management Market Size By Value (2018, 2023& 2029F) (in USD Billion)
Figure 7: North America Asset Management Market Share By Country (2018)
Figure 8: US Asset Management Market Size By Value (2018, 2023& 2029F) (in USD Billion)
Figure 9: Canada Asset Management Market Size By Value (2018, 2023& 2029F) (in USD Billion)
Figure 10: Mexico Asset Management Market Size By Value (2018, 2023& 2029F) (in USD Billion)
Figure 11: Competitive Dashboard of top 5 players, 2018
Figure 12: Porter's Five Forces of Global Asset Management Market
Asset Management Market Research FAQs
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