Asia-Pacific (APAC) is expected to grow at the highest growth rate in the asset management system market and would be led by China and India. The transition toward organized retailing, multifold growth of ecommerce, induction of more healthcare facilities, and automation in the manufacturing industry are some of the factors expected to drive the growth of the market in the APAC region.

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The asset management system market is expected to reach USD 25.55 Billion by 2022, at a CAGR of 15.17% between 2016 and 2022. The growth of the market is propelled by factors such as optimum resource utilization offered by efficient asset tracking and management and reduced maintenance downtime owing to deployment of relevant solutions such as Real-Time Location System (RTLS), Radio-Frequency Identification (RFID), barcode, and Global Positioning System (GPS).

RTLS solutions available in the market based on different technologies are wireless fidelity (Wi-Fi), ultra- wide band (UWB), Infrared, Bluetooth LE, and Ultrasound among others. The customer could choose an asset management solution according to their requirement. Moreover, the advent of wireless technology has made it possible to deploy these solutions wirelessly. RTLS enable an organization to control and monitor its resources such as personnel and machine across the premises in real time. Furthermore, quick turnaround and return of investment (ROI) in less than two years is realized for a typical project. Considering these factors, the asset management system market for RTLS solutions is expected to exhibit the highest growth rate in comparison to other solutions.

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Barcode scanners have existed in the market since a long time and play a key role in the area of auto identification and data capture. Barcode solution is a labor intensive technology but could be implemented at a much lower cost than other solutions. Industrial stationary scanner is expected to drive the barcode solution segment owing to the demand for machine visions system for automated inspection and identification in the production process across many industries.

The retail industry is estimated to hold the largest share of the asset management system market in 2016 owing to adoption of barcode and RFID solutions for in-store retail automation and supply chain visibility. Passive ultra high frequency (UHF) tags are widely adopted in merchandise tagging, while barcode scanners are used to read loyalty cards, one-dimensional (1D) barcode, and two-dimensional (2D) barcodes.

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