The Global Enterprise Asset Management Market size is expected to reach $8.9 billion by 2025, rising at a market growth of 10.3% CAGR during the forecast period.
Enterprise asset management (EAM) includes managing an organization's physical asset maintenance throughout the lifecycle of each asset. EAM is used with the related objectives, skills, materials, instruments, and information to schedule, optimize, implement, and track the required maintenance activities. This includes the operation, design, commissioning, construction, maintenance and decommissioning or substitution of plants, equipment, and facilities.
Global Enterprise Asset Management Market Size
To manage resources, structures, equipment, IT and other commercial assets, enterprises demand EAM. Return on Assets (ROA) demonstrates how profitable the assets of a company are in revenue generation. EAM provides timely maintenance of resources that help avoid machine or machinery from malfunctioning and thus reduce downtime on the device. EAM expands the existence of investments that preserve capital and save the financial and long term impact of the current resources being scrapped. EAM software optimizes business resources' usage and productivity and, therefore, improves the ROA in turn.
Global Enterprise Asset Management Market Share
Based on Component, the market is segmented into Solution and Services. Solutions segment is further segmented into Inventory Management, Facility Management, Labor Management, Asset Lifecycle Management, Predictive Maintenance and Others. Services segment is further categorized into Integration & Deployment, Advisory & Consulting and Support & Maintenance. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-Sized Enterprises. During the forecast period, the SMEs segment is anticipated to develop at a higher rate than that of the large enterprises segment. To stay competitive on the market, SMEs can leverage mobility-based low-cost EAM solutions. In addition, small and medium-sized enterprises with less financial strength than big companies will involve extra assistance from suppliers of enterprise asset management solutions to maximize their resource usage.
Based on Deployment Type, the market is segmented into On Premise and Cloud. Based on End User, the market is segmented into Energy & Utilities, Healthcare & Life Sciences, Transportation & Logistics, Manufacturing, Telecom & IT, Government & Public Sector and Others. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
KBV Cardinal Matrix
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Oracle Corporation, SAP SE, Infor, Inc., ABB Group, CGI, Inc., Aptean, Inc., AVEVA Group PLC, Upkeep Technologies, Inc. and Ultimo Software Solutions, Inc. Based on the Analysis presented in the Cardinal matrix, IBM Corporation, SAP SE, and Oracle Corporation are some of the forerunners in the Enterprise Asset Management Market.
Market Segmentation:
By Component
By Organization Size
By Deployment Type
By End User
By Geography
Companies Profiled
Unique Offerings Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
