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News  ›  GlobeNewswire Inc.

$15+ Bn Equipment Management Software Markets, 2019-2024, 2024-2029F, 2034F: Growth Driven by Mobile-based Tracking and AI-driven Analytics, Along with a Strong Emphasis on Industry 4.0 Initiatives

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Researchandmarkets.Com
$15+ Bn Equipment Management Software Markets, 2019-2024, 2024-2029F, 2034F: Growth Driven by Mobile-based Tracking and AI-driven Analytics, Along with a Strong Emphasis on Industry 4.0 Initiatives

The equipment management software market is experiencing robust growth, expanding from $9.52 billion in 2024 to a projected $15.06 billion by 2029 at a 9.5% CAGR. Growth is driven by cloud-based solutions, AI-driven analytics, mobile tracking technologies, and Industry 4.0 initiatives. North America currently dominates the market while Asia-Pacific shows the fastest growth trajectory.

Insights
GRRMY   positive

Offers diverse packaging solutions including primary packaging and contract packaging services


MSFT   positive

Listed as a major industry player pioneering AI-driven predictive analytics and IoT-enabled monitoring in the growing equipment management software market.