The global asset management IT solutions market is projected to exhibit modest growth, at a CAGR of around 8.6%, during the forecast period. The increasing demand for cloud-based asset management IT solutions is likely to create ample opportunities for the growth of the market. The enterprises are aimed to deploy cloud-based solutions owing to various benefits offered by cloud-based deployments such as enhanced collaboration, scalability, and cost-efficiency. On-premises implementation demands a huge amount of capital and time and requires enterprises to significantly invest in the proper communication infrastructure, sufficient storage devices, and the right servers along with the skilled professionals for the operation and proper functioning of the system.