Global Equity Management Software Market Highlights Over 2022 - 2031
The global equity management software market is estimated to garner a sizeable revenue by growing at a CAGR of ~11% over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to largely to the rising need of preventive maintenance among companies of all sizes across the globe. Along with these, equity management software helps in building effectiveness in businesses as it saves maintenance costs and predicts asset failure. This is also expected to be a crucial factor to drive market growth in the forthcoming years. Furthermore, growing popularity of the software in the government sector for improving human asset division-based decisions, and increase in the number of connected devices worldwide are projected to offer abundant growth opportunities to the market in the near future. In 2o18, more than 20 billion internet of things connected devices were used around the world, which is calculated to grow up to approximately 39 billion by the end of 2030.
The market is segmented by application into start-ups, private corporation, listed company, financial team, and others, out of which, the financial team segment is anticipated to hold the largest share in the global equity management software market. This can be accounted to the high usage of the software by financial teams as a centralized location for all equity-related activities. Apart from these, companies are also becoming involved in employing finance teams to eliminate the need for legal teams for every insurance by using the software, which in turn is also predicted to boost the growth of the market segment in the future. Additionally, on the basis of deployment, the cloud segment is assessed to observe significant growth during the forecast period, which can be credited to the high degree of security and cost-effectiveness provided by this model of deployment. CLICK TO DOWNLOAD SAMPLE REPORT
Major Macro-Economic Indicators Impacting the Market Growth
The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.
Global Equity Management Software Market Regional Synopsis
Regionally, the global equity management software market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in Asia Pacific is estimated to witness noteworthy growth over the forecast period on the back of the increasing adoption of cloud-based solutions, and emergence of IoT in the region. China’s total spending on cloud infrastructure was valued at around USD 10 billion in 2019, which increased up to USD 20 billion in the year 2020.
In addition, increasing number of small and medium sized enterprises who are implementing equity management software is also expected to drive market growth in the region in the coming years. Moreover, the market in North America is projected to grab the largest share during the forecast period owing to the high awareness about the benefits of equity management, and growing usage of the software in the government sector of the region.
The global equity management software market is further classified on the basis of region as follows:
Our in-depth analysis of the global equity management software market includes the following segments:
By Equity Type
Top Featured Companies Dominating the Market
FREQUENTLY ASKED QUESTIONS
The major factors driving market growth are rising need of preventive maintenance among companies globally, and growing popularity of the software in the government sector.
The market is anticipated to attain a CAGR of ~11% over the forecast period, i.e., 2022-2031.
The major players in the market are Certent, Inc., Eqvista Inc., KOGER Inc., Vestd Ltd, and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by equity type, application, deployment, and by region.
The financial team segment is anticipated to hold largest market and is estimated grow at a notable CAGR over the forecast period and display significant growth opportunities.
Low awareness about equity management software in underdeveloped regions is estimated to hamper the market growth.
Asia Pacific will provide more business opportunities for market growth owing to the increasing adoption of cloud-based solutions, and emergence of IoT in the region.
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