Asset Management System Market Size

Asset Management System Market size was over USD 4.56 Billion in 2023 and is anticipated to reach USD 25.05 Billion by 2036, witnessing around 14% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of asset management system is estimated at USD 5.12 Billion.. The major element to drive the market demand is the growth in the number of students taking online education. Currently, more than 2 million students all across the world are completing their higher education by taking online education. Also, the digital assets made available to students taking online education is grown drastically over the last decade. Hence, institutions are looking forward to boost their adoption of asset management systems.

Furthermore, the risk of cyberattacks on educational institutions growing with the woke of digitalization. Worldwide, about 63% of higher education institutions and approximately 55% of K–12 schools report having had an attack in the year 2021. Since, educational institution store data regarding students' personal life in digital format, this data is set to be hacked. Therefore, with the adoption of an asset management system, the institution would be able to keep track of the assets further generating alerts.