Software Asset Management Software Statistics 2024

In the rapidly evolving landscape of corporate technology, software asset management (SAM) software has become an indispensable resource. The statistics surrounding SAM software in 2024 are not just numbers; they provide critical insights into the efficiency, security, and financial well-being of modern enterprises. By examining these statistics, businesses can comprehend the trends and shifts governing their technological investments, enabling them to cultivate robust strategies in an increasingly competitive market.

Key stakeholders, such as CIOs, IT managers, financial officers, and compliance officers, will find this data particularly invaluable. The insights gleaned from examining SAM software usage and trends can help these professionals streamline operations, ensure compliance with licensing agreements, and optimize software spend. Moreover, stakeholders in the software industry, including vendors and developers, can leverage this information to fine-tune their offerings and stay ahead of market demands.

Understanding the statistics behind SAM software usage and trends is more than just an academic exercise; it’s a strategic necessity. As we delve into the data, the foresight gained will empower decision-makers to craft informed strategies, mitigate risks, and harness the full potential of their software assets. In an era where technology is a key driver of success, such insights are indispensable for maintaining a competitive edge.

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Top Software Asset Management Software Statistics 2024

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Revenue And Growth Projections

• The asset management market was valued at USD 371.2 billion in 2022 and is predicted to grow at around 34% CAGR between 2023 and 2032, reaching USD 6.68 trillion by 2032. ^[?]
• The global digital asset management market is expected to be worth more than $8.1 billion by 2026, a leap from the $2.9 billion valuation in 2020. ^[4]
• The global enterprise asset management market is predicted to grow at a CAGR of 7% during the forecast period, reaching nearly US$ 9,279.09 million by 2034. ^[6]
• The US asset management market size is expected to grow from USD 48.22 trillion in 2024 to USD 113.48 trillion by 2029, at a CAGR of 18.67%. ^[8]
• The global asset and wealth management market is expected to reach a value of US$ 11.8 billion by 2031, growing at a CAGR of 13.0% from 2022 to 2031. ^[11]
• The global asset management market size is projected to reach USD 7124.41 billion by 2033, growing at a CAGR of 34.36% from 2023 to 2033. ^[16]

Market Segmentation

• Based on component, the solution segment captured a market share of around 55% in 2022. ^[3]
• The digital asset segment held approximately 25% of the asset management market share in 2022. ^[3]
• North America dominated about 35% of the asset management market share in 2022. ^[3]
• In 2024, the enterprise segment is figured to contribute almost 54% of the revenue share. ^[6]
• Based on enterprise size, large enterprises with 500 to 999 employees create the most demand, accounting for 35.41% of the market revenue in 2024. ^[6]

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Regional Insights

• Asia-Pacific will drive 42% of net investment inflows into the industry between 2022 and 2031. ^[5]
• The United States regional market is expected to witness a year-on-year growth rate of 3.9% from 2024 to 2034. ^[6]
• The enterprise asset management industry in Germany is expected to expand at a rate of 6.5% per year till 2034. ^[6]
• China holds attractive growth potential for the enterprise asset performance management market, with an estimated CAGR of 7.5% between 2024 and 2034. ^[6]
• The adoption of enterprise asset management in Japan is poised to increase at a rate of 8.2% CAGR between 2024 and 2034. ^[6]

Technological Adoption

• Firms plan to boost spending on next-gen technology such as artificial intelligence (AI), blockchain, and cloud computing by more than 20% in the next two years. ^[5]
• With AI in asset management growing at a projected rate of 34% CAGR into 2027, the technology will play a vital role in improving portfolio management and optimizing performance returns. ^[7]

Key Trends

• Net flows for ETFs have exceeded those of mutual funds since 2021, and ETFs have already raked in more than $195 billion for the first quarter of 2024 alone. ^[2]
• The growing popularity of active ETFs continues: since 2019, organic growth for the market has consistently exceeded 20% per year, pushing total market share in the ETF industry to 7% at the end of March 2024. ^[2]
• The once-booming demand for sustainable or ESG funds appears to be tapering off despite improved performance in 2023, with sustainable funds reaching $323 billion by the end of last year. ^[2]
• Firms are increasingly utilizing AI to analyze sustainability datasets and find value amid the noise, with 70% of executives planning to increase AI resourcing in 2024. ^[14]

Challenges And Opportunities

• U.S. active mutual funds have had net outflows for nine consecutive years, reaching $1.2 trillion in 2022. ^[1]
• The COVID-19 pandemic significantly impacted the demand for asset management across various sectors. ^[3]
• Consolidation pressure is growing in response to low efficiency, with the average cost-to-income ratio of Western European asset managers increasing by nine percentage points since 2021. ^[13]

Industry Dynamics

• In January 2023, GFH Financial Group took majority ownership in Big Sky Asset Management, a U.S.-based real estate asset management firm specializing in healthcare assets. ^[3]
• Siemens Digital Industries Software and IBM unveiled plans in April 2023 to enhance their software collaboration by creating a comprehensive suite of integrated tools aimed at tackling system engineering across multiple domains. ^[3]
• In March 2023, OpenGov released its newest software suite, Cartegraph Asset Management. ^[6]

Financial Performance

• Industry profits dropped for the second year in a row and are now 32 percent down from their all-time high in 2021. ^[13]
• The profitability gap between top- and bottom-quartile asset managers has widened, with a profit margin delta of 28 percentage points in 2023. ^[13]

Investment Inflows

• According to Broadridge forecasts, Asia-Pacific alone will drive 42% of net investment inflows into the industry between 2022 to 2031, up from only 26% between 2012 to 2021. ^[5]
• In 2023, private equity was the only asset class to increase fundraising by 57%, setting a record high for the region. ^[13]

Strategic Moves And Acquisitions

• In February 2021, SAP declared that it had acquired AppGyver, a pioneer in no-code development. ^[6]
• In May 2021, Flexera updated its tools to provide interoperability between its Software Vulnerability Manager solution and VMware Workspace ONE Unified Endpoint Management. ^[9]
• In July 2021, Snow Software launched Snow Atlas, an integrated platform designed to help enterprises in identifying, managing, and optimizing their investments in technology. ^[9]

Future Outlook

• The global digital asset management market is expected to exhibit a CAGR of 16.1% during 2024-2032. ^[12]
• The asset management industry is expected to face significant changes in 2024, with a focus on agility, foresight, and adapting to economic realities such as inflation, interest rates, and geopolitical tensions. ^[14]
• By 2027, PwC expects the top ten largest asset managers to control around half of all mutual fund assets globally. ^[15]

Regulatory And Compliance

• In 2024, investment management firms will likely continue to create collaboration opportunities to coalesce all three working environments into one talent modernization plan. ^[10]
• Due to data privacy issues, partitioned implementations will likely be required from a governance perspective in early generative AI implementations. ^[10]
• New regulatory requirements are emerging in response to new processes and technologies, notably on T+1 settlement, cybersecurity, and ESG. ^[10]

Customer Experience And Digital Transformation

• Investment management firms with significantly better revenue prospects are more likely to become industry leaders in customer experience (CX). ^[10]
• In 2024, some investment management firms will likely develop game-changing technologies such as generative AI and quantum computing into their digital transformation journeys. ^[10]

Infrastructure And Maintenance

• The deteriorating state of U.S. roads has resulted in 43% of public roadways being classified as either in poor or mediocre condition. ^[3]
• With 30,000 miles of inventoried levees and an additional 10,000 miles whose state of repair remains undocumented, infrastructure maintenance is a critical focus. ^[3]

Talent And Workforce Dynamics

• Investment management firms can expect to add new threads to the fabric of their firms’ culture by advancing talent modernization and workplace enablement in 2024. ^[10]
• Firms that prioritize employee preferences for remote work experience a better culture and talent model for orchestrating training and education. ^[10]

Environmental And Social Governance (esg)

• ESG accounted for 20% of EMEA’s AUM held in mutual funds in 2023, compared with 1% in the Americas and 3% in Asia-Pacific. ^[13]
• With the new ELTIF 2.0 regulation coming into play in Europe in January 2024, entry barriers for retail investors are dropping, driving adaptation among wealth and asset managers. ^[17]

Market Share And Dominance

• The top ten largest asset managers are expected to control around half of mutual fund assets globally by 2027. ^[15]
• The market for software asset management in small and medium-scale industries is analyzed to be 59.1% in 2022. ^[9]

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