Covid-19
Impact on the
Asset
Management
System
Software
Market
Chevin
Fleet
Asset management system software was in high demand in 2020 because it offers
more effective asset management. Many businesses across verticals have adopted the
work-from-home model to protect employee well-being and ensure operational
efficiency, resulting in a surge in demand for cloud-based solutions.
According to surveys, the industry is forecasted to reach USD 5.5 billion by 2026 as
more businesses invest in their IT infrastructure. As a result, the demand for asset
management solutions will continue to go up.
Asset Management Software Helps in a Smooth Transition during Pandemic
According to MRF research, over half of employees transitioned to a work-from-home
setup during the lockdown. Governments around the world have taken preventative
measures to encourage individuals to stay at home, forcing small and large businesses
to implement remote work policies and allow employees to work from home.
In such cases, asset management software plays a critical role. Asset management is
necessary for businesses to keep track of asset utilization.
Asset management software is software that combines all of the data you need to
manage your assets efficiently, from acquisition and procurement to allocation and
disposal. Asset management software assisted businesses in making purchasing
decisions for a huge number of software and hardware components during the
pandemic.
Asset Management Software and Cybersecurity Give Businesses Peace of Mind
According to a government poll conducted in the United Kingdom, nearly half of
businesses (46%) had experienced cybersecurity breaches or attacks during the
pandemic. These surveys show the significance of asset management software and
cybersecurity.
Teams of cybersecurity and asset management software must collaborate to
understand exactly what is installed on each device and how it is utilized,
guaranteeing that all assets are protected from cyberat