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Asset Management System Market worth $26.41 billion by 2030 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Jan. 9, 2025 /PRNewswire/ — The asset management system market is expected to reach USD 26.41 billion by 2030 from USD 17.64 billion in 2025, at a CAGR of 8.4% from 2025 to 2030 according to a new report by MarketsandMarkets™. The asset management system is a solution that is applied to monitor and track down assets in the retail, transportation, logistics, healthcare, and industrial manufacturing industries. The asset management system market is experiencing significant growth mainly due to advancements on the Internet of Things (IoT) and Artificial Intelligence (AI), an increase in the adoption of Global Positioning System (GPS) tracking devices, and government initiatives and regulations to support the adoption of asset management.

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Browse in-depth TOC on “Asset Management System Market” 
180 – Tables
65 – Figures
250 – Pages

Asset Management System Market Report Scope:

Report Coverage

Details

Market Revenue in 2025

$ 17.64 billion

Estimated Value by 2030

$ 26.41 billion

Growth Rate

Poised to grow at a CAGR of 8.4%

Market Size Available for

2021–2030

Forecast Period

2025–2030

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Technology, Asset Type, Function, Offering, Deployment Type, Organization Size, End User, and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

In balancing accuracy and power consumption in tracking

Key Market Opportunities

Standardization and advancements in automation

Key Market Drivers

Advancements in IoT and AI

The retail segment is expected to hold the largest market share during the forecast period.

The retail sector holds the largest market share during the forecast period of the asset management system market due to the rising demand for effective inventory management, asset tracking in real-time, and higher operational efficiency. RFID, IoT, and cloud-based solutions are progressively being implemented across retailers to manage their supply chain efficiently. Moreover, the retail sector is rapidly transforming and investing in automation and smart stores, using advanced technologies such as AI and ML. As e-commerce grows, demand for high-volume inventory management and distribution systems increases. Retailers find asset management systems useful in terms of maintaining product availability and order fulfillment in a quick and efficient manner. Furthermore, manufacturers and solution providers emphasize on offering tailored asset management solutions for the retail sector that are cost-effective and scalable. These trends pave the way for major growth in the retail industry during the forecast period.

The software segment is expected to exhibit the second-highest CAGR during the forecast period.

The software segment is expected to register the second-highest CAGR in the offering segment of the asset management system market during the forecast period. The software solutions are vital in integrating and managing data from hardware components, including RFID tags, sensors, and GPS trackers. This growth is driven by the increasing demand for smart, automated asset management solutions that streamline operations and improve decision-making across various industries, including retail, healthcare, and manufacturing. Advanced software solutions such as cloud-based, IoT-enabled applications and Al-driven analytics have enabled organizations to achieve real-time insights, predictive maintenance capabilities, and enhanced operational efficiency. The rapid digitalization of business processes and increasing usage of IoT technology create a huge demand for advanced asset management software. Moreover, the emerging focus on automation and data-based decision-making increases the demand for advanced software platforms with end-to-end asset management capabilities. Ongoing R&D investments and the compatibility of Al and machine learning with software applications further drive market growth for software offerings during the forecast period.

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North America is expected to hold the largest market share during the forecast period.

North America is projected to hold the largest share of the asset management system industry owing to substantial investment in research and development and well-established infrastructure for retail and healthcare. The market’s growth can be attributed to the rising demand for effective asset tracking, monitoring, and optimization in various end users, such as manufacturing, healthcare, logistics, and retail. The high penetration of advanced technologies such as IoT, RFID, and AI-enabled systems has paved the way for developing innovative solutions that support the rising demand for automation and efficiency in operations. The other factor that has led to the increasing adoption of asset management systems in the region is government policies favoring digital transformation in supply chain management. Additionally, the growth in the region is further driven by the presence of leading market players and solution providers who offer technologically advanced, customized, and large-scale implementations of asset management systems. Furthermore, the growing interest in cloud-based solutions and Industry 4.0 practices among end-users further propels the growth of the North American market during the forecast period.

Key Players

The key players in the asset management system companies with a significant global presence include Zebra Technologies Corp. (US), Honeywell International, Inc. (US), Siemens AG (Germany), Trimble Inc. (US), Motorola Solutions (US), TrackX Inc. (US), Checkpoint Systems (US), Impinj, Inc. (US, Datalogic S.p.A. (Italy), Infor Inc (US), GE Healthcare (US).

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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

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Technology

RHEI Unveils Data Monetization Platform, Activating Over $35 Million to Help Creators Unlock the Value of Their Existing Content

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VANCOUVER, BC and LAS VEGAS, Jan. 9, 2025 /PRNewswire/ – RHEI, a global leader in content distribution and marketing for the creator economy, today announced the launch of RHEI Data Pro, a first-of-its-kind Data Monetization Platform designed to enable creators and content owners to earn revenue from their extensive libraries of content. Launched with over $35 million activated in partnership with numerous mega platforms, RHEI Data Pro enables partners to license their existing content for training next-generation foundational models. The solution underscores RHEI’s commitment to supporting growth for creators and content owners, ensuring they are fairly compensated when their content is being leveraged for training purposes.

“RHEI is committed to ensuring that creators are empowered to actively take part in the evolution of AI by ensuring they are fairly compensated when their content and data fuel innovation,” said Shahrzad Rafati, CEO of RHEI. “The increasing symbiosis between AI and human creativity is very exciting, and we developed RHEI Data Pro to create new revenue pathways for creators based on the years of work they’ve already put into their craft. Our vision is for creators to be recognized at the forefront of this transformation, not just as participants but as invaluable contributors to the Augmented Creativity Era.”

RHEI Data Pro offers creators and content owners a seamless and flexible way to monetize their extensive video libraries while retaining full ownership rights. For every 1,000 hours of licensed content, they stand to earn up to $100,000 from multiple licensing transactions — providing an opportunity to unlock meaningful revenue from content already in their portfolio. This ensures creators and content owners can participate in the growing demand for high-value, diverse content in multiple languages, which plays a pivotal role in training foundational models.

“Data is no longer just the foundation of the solutions we build; it is a pivotal driver of growth and innovation for our company and our partners,” said Lewis Ball, Chief Strategy and Product Officer at RHEI. “With RHEI Data Pro, we are redefining the role of data—transforming it into a lucrative revenue stream for creators and content owners. This platform not only empowers them to monetize their content in innovative ways but also underscores our commitment to leveraging data as a strategic asset that delivers long-term value for all stakeholders.”

The licensing process has been designed to be as seamless as possible. RHEI manages all aspects of data preparation and augmentation, ensuring content meets the requirements of major technology companies and integrating accompanying metadata to enhance data value. The flexible, per-hour pricing model ensures that creators are compensated fairly, based on the unique value of each video.

About RHEI
RHEI’s mission is to redefine content distribution and marketing in the creator economy to empower human creativity, with a focus on pioneering personalized, effective, and intelligent AI solutions. RHEI is headquartered in Vancouver, Canada, reaching a global audience of 600 million unique monthly viewers across 150 countries. www.rhei.com

Media Contact:
pr@rhei.com

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SOURCE RHEI Creations Corp.

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ASEA unveils vision for the future as it enters its 15th year of innovation, growth, and dedication to direct sales

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ASEA®, a global pioneer in wellness and redox-based health products, proudly marks its 15th anniversary this year, reflecting on a history of innovation, stable growth, and commitment to empowering distributors in the direct sales industry. As the company embarks on this milestone, Founder and Chair Tyler Norton and new CEO Jarom Webb unveiled a vision aimed at driving future growth through three core strategies: next-generation redox products, existing and new market expansion, and significant investments in the business opportunity it provides its associates.

PLEASANT GROVE, Utah, Jan. 9, 2025 /PRNewswire-PRWeb/ — ASEA®, a global pioneer in wellness and redox-based health products, proudly marks its 15th anniversary this year, reflecting on a history of innovation, stable growth, and commitment to empowering distributors in the direct sales industry. As the company embarks on this milestone, Founder and Chair Tyler Norton and new CEO Jarom Webb unveiled a vision aimed at driving future growth through three core strategies: next-generation redox products, existing and new market expansion, and significant investments in the business opportunity it provides its associates.

This vision was shared earlier today at its Pleasant Grove headquarters during an exclusive invitation-only event with the company’s top associate leaders from around the world.

“Fifteen years of success is not merely a celebration of the past, but a launchpad for the future,” Norton stated. “Yes, we’ve built a strong, stable foundation. But by embracing both the heart and the opportunities of a start-up—along with Jarom’s energetic and strategic leadership—we are poised to propel ASEA into a new era of growth and innovation.”

Fully open and operating in 34 countries, ASEA’s global presence underscores the power of a principles-based direct-selling model that has proven resilient amid industry challenges. The company remains deeply committed to the direct sales distribution channel and the long-term, legacy success of its associates across the world.

Webb, who is a founding executive of ASEA and has held various leadership roles ranging from CFO to president since the company’s inception, stepped into the role of CEO in November. Earlier today, he expressed excitement about the opportunities ahead.

“Today, more than ever,” Webb emphasized, “we are extraordinarily well-positioned to elevate our founding vision of bringing our life-changing products, financial opportunity, and culture to the world—and to do that through you and through a channel I’ve been part of and have loved for more 25 years.”

ASEA’s journey reflects a commitment to consistent growth, grounded in a culture that values stability as a driver for transformation. With a 15-year track record of profitability, no long-term debt, and a privately held, founder-controlled structure, ASEA is prepared to seize new opportunities.

“At ASEA, stability is foundational to our mission,” Webb remarked. “Looking to 2025 and beyond, we will not only maintain our success but amplify it. We have tremendous financial flexibility and scalability to make investments in our field, to further strengthen both our products and our systems, and to capitalize on future global opportunities.

Norton further underscored, “We are catalysts for change—not just in our business but in the lives of our associates, customers, and communities. We are poised to inspire transformation for everyone connected to ASEA.”

ASEA, a global leader in redox technology, is pioneering cellular health products through a principles-based, direct-selling business model. ASEA offers first-to-market revolutionary redox signaling molecule products, helping your cells work together as they’re meant to do. Our redox technology supports the body’s natural cellular renewal and communication and signals the regulation of genetic pathways. ASEA redox products power the potential of your cells, body, and life to help you feel your best.* Founded in 2010, ASEA currently operates in 34 international markets. For more information about ASEA® products or the accompanying business opportunity, visit aseaglobal.com. ASEA: We power potential™

*These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease. This material is intended for a US audience only.

Media Contact

Robb Bruce, ASEA LLC, 1 7275438215, rbruce@aseaglobal.com, aseaglobal.com

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SOURCE ASEA LLC

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Virtual Reality (VR) Market , 33% of Growth to Originate from North America, Technavio

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NEW YORK, Jan. 9, 2025 /PRNewswire/ — The global virtual reality (VR) market size is estimated to grow by USD 133.17 billion from 2025 to 2029, according to Technavio. The market is estimated to grow at a CAGR of 38% during the forecast period.

For comprehensive forecast and historic data on regions,market segments, customer landscape, and companies- Click for the snapshot of this report

Report Attribute

Details

Base Year

2024

Forecast period

2025-2029

Historic Data for

2019 – 2023

Segments Covered

End-user (Enterprise and Consumer), Component (Hardware and Software), Geography (North America, APAC, Europe, Middle East and Africa, and South America), Device, technology, application.

Key Companies Covered

3D Systems Corp., Acer Inc., Advanced Micro Devices Inc., Alphabet Inc., Apple Inc., Baidu Inc., DPVR, FOVE Inc., HTC Corp., Lenovo Group Ltd., Meta Platforms Inc., Microsoft Corp, Osso VR Inc., Pico Technology Ltd., Samsung Electronics Co. Ltd., Sony Group Corp., Unity Technologies Inc., Valve Corp., Varjo Technologies Oy, Virtuix Inc, Barco NV; CyberGlove Systems, Inc, Sensics, Inc.; Sixense Enterprises, Inc. (Penumbra, Inc.); Ultraleap Ltd

Regions Covered

North America, APAC, Europe, Middle East and Africa, and South America

Region Outlook

North AmericaEuropeAsiaRest of World

1. North America – North America is estimated to contribute 33%. To the growth of the global market. The Virtual Reality (VR) Market report forecasts market growth by revenue at global, regional & country levels from 2017 to 2027. 

The North American virtual reality market is experiencing significant growth due to several key factors. Major vendors such as Alphabet, Facebook Inc., and Microsoft Corp. Have established a strong presence in the region and are heavily investing in virtual reality technology. Consumers are increasingly adopting technologically advanced applications, driving market expansion. Additionally, substantial research activities aim to broaden the scope of virtual reality technologies. The US and Canada are the leading contributors to the regional market, making North America a significant market for virtual reality technology.

For more insights on North America’s significant contribution along with the market share of rest of the regions and countries – Download a FREE Sample

Segmentation Overview

End-user 1.1 Enterprise1.2 ConsumerComponent 2.1 Hardware2.2 SoftwareGeography 3.1 North America3.2 APAC3.3 Europe3.4 Middle East and Africa3.5 South AmericaCountry 4.1 Mexico4.2 Italy4.3 India4.4 Argentina4.5 South AfricaDeviceTechnologyApplication

1.1 Fastest growing segment:

Virtual reality (VR) is a computer-generated simulation of a three-dimensional environment, presented to users in a way that they perceive it as real. VR does not interact with the physical world. Instead, it creates a new experience, often through the use of a headset. Advancements in VR hardware, such as new headset launches, are driving user adoption in industries like gaming, entertainment, retail, sports, travel, and healthcare. In healthcare, VR is used for disease diagnosis and therapy. For instance, doctors at George Washington University Hospital used VR technology to detect healthy and COVID-19-infected tissues. Oxford VR launched a VR-based therapy for social anxiety. However, the rise of augmented reality (AR) technology may hinder VR growth. Yet, the demand for remote working applications, OTT platforms, and online shopping increased due to the pandemic, driving the need for faster networks and digital solutions among enterprises. This trend is expected to fuel VR market growth during the forecast period.

Get a glance at the market contribution of rest of the segments – Download a FREE Sample Report in minutes!

Research Analysis

Virtual Reality (VR) technology is revolutionizing various industries by providing experiences through VR headsets. In healthcare, VR is used for therapy and training, benefiting patients and technicians alike. In gaming and entertainment, VR glasses transport users to 3D virtual worlds, offering unprecedented immersion. VR gloves and bodysuits add an extra layer of interaction, allowing users to feel and move in the virtual environment. Instructional training in industries like defense and automotive uses VR for simulation, enhancing learning and reducing risks. Virtual platforms in the hardware segment power these experiences, while software segment offers AI applications and the metaverse for social interaction. PropVR and REAL System are leading VR technology providers. VR content creation tools enable users to build their virtual tours, virtual classrooms, and VR arcades. VR fitness and therapy applications offer health benefits, while VR therapy is transforming rehabilitation. Augmented reality (AR) complements VR, merging virtual and real worlds. Virtual reality is set to transform education, entertainment, and industries, offering endless possibilities.

Market Overview

The Virtual Reality (VR) market is revolutionizing various sectors, including Architecture and Planning, with 3D models and virtual walkthroughs. In the segment, VR technology is used for instructional training in sectors like Aviation for pilots and Defense personnel, as well as for Technicians in healthcare, automotive, and other organizations. VR technology is also being explored for addressing mental health issues, creating virtual platforms for meetings, and implementing policies & strategies. Event organizers are leveraging VR for live virtual entertainment, while VR simulators offer exciting experiences in gaming, entertainment, and virtual theme parks. The Hardware segment includes VR headsets, glasses, gloves, and bodysuits, with advancements in AI applications and the Metaverse shaping the future of VR. Companies are also developing VR content creation tools, collaboration tools, virtual classrooms, and VR arcades for fitness and therapy. Amidst the coronavirus outbreak and pandemic crisis, VR is becoming increasingly important for remote work and social interaction. Additionally, AR technology and virtual tours are complementing VR in various applications.

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Key Topics Covered:

 1 Executive Summary
 2 Market Landscape
 3 Market Sizing
 4 Historic Market Size
 5 Five Forces Analysis
 6 Market Segmentation
 7 Customer Landscape
 8 Geographic Landscape
 9 Drivers, Challenges, and Trends
10 Venodr Landscape
11 Vendor Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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