The global demand for Enterprise Asset Management Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Enterprise Asset Management (EAM) allows enterprises to manage assets across several business units, departments, services, and geographical locations with ease. Design, commissioning, construction, operation and maintenance, and plant and equipment replacement are all covered under EAM. Enterprise asset management systems make it easier for businesses to combine optimization and historical control procedures across the asset lifespan (design, operation, replacement, etc.). IT service management, physical asset, and infrastructure management, digital asset management, emerging asset management, and fixed asset management and accounting are the different types of EAM. EAM solutions help businesses run more smoothly by increasing asset availability, reliability, and utilization. All forms of investments are addressed by enterprise asset management, from strategic or critical physical assets to human assets. Manually entering data into an EAM system using traditional paper forms is frequently too expensive for businesses. On the other hand, enterprise asset management systems necessitate a large amount of high-quality data to track and analyse the implementation of business operations. Furthermore, these systems gather, integrate, and analyze all critical data on all types of assets in businesses.
The need for enterprise asset management (EAM) software has increased dramatically in recent years due to developing technological infrastructure. The growth of the EAM market is fueled by the fact that enterprise asset management frameworks prolong and optimize an organization's asset life cycle while also lowering the cost of ownership. Furthermore, EAM solutions enable businesses to manage aging infrastructure, improve asset tracking, and maximize asset return on investment (RoA). Over the projected period, these factors are expected to fuel the expansion of the enterprise asset management market. The increased demand to improve asset lifecycle performance implies that the enterprise asset management sector has a promising future. On the other side, as businesses become more reliant on physical infrastructure, integrating processes and information throughout the asset lifespan is becoming increasingly important in driving the market. The introduction of a cloud deployment paradigm and the integration of Big Data with corporate asset management are expected to open up new business prospects. Enterprise asset management industry growth has been hampered to a greater extent by high costs and lack of awareness.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of enterprise asset management. The growth and trends of enterprise asset management industry provide a holistic approach to this study.
This section of the enterprise asset management market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Organization Size
- Managed Service
- Training And Support Service
- Implementation Service
By Software Application
- Small And Medium Enterprises (Smes)
- Large Enterprises
By End Use Industry
- Assets Mro
- Non Linear Assets
- Linear Assets
- Field Service Management
- Government And Utilities
- Oil And Gas
This section covers the regional outlook, which accentuates current and future demand for the Enterprise Asset Management market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Enterprise Asset Management Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the enterprise asset management market include ABB, Oracle, SAP, Schneider Electric, IFS, IBM, Infor, AssetsWorks, Real Asset Management, CGI Group. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Frequently Asked Questions (FAQs) about this Report
b. The global Enterprise Asset Management market size was estimated to be worth USD 4.687 Billion in 2021.
b. For the years 2023-2028, the global Enterprise Asset Management market growth is expected to be around 9%.
b. The Global Enterprise Asset Management Market is currently dominated by Asia Pacific.
b. The Global Enterprise Asset Management is segmented by Services, Managed Service, Training and Support Service, Implementation Service, by Organization Size, Small and Medium Enterprises (SMEs), Large Enterprises, by Software Application, Assets MRO, Non Linear Assets, Linear Assets, Field Service Management,, by End Use Industry, BFSI, Healthcare, Government and Utilities, Oil and Gas, Retail, Transportation, Others.
b. The leading players in the Global Enterprise Asset Management Market are ABB, Oracle, SAP, Schneider Electric, IFS, IBM, Infor, Assets Works, Real Asset Management, CGI Group.