The Europe Enterprise Asset Management Market would witness market growth of 9.4% CAGR during the forecast period (2019-2025).
The system capabilities of enterprise asset management (EAM) are expanding to better meet-and exceed-the evolving needs of asset-intensive organizations. These next-gen solutions provide the visibility needed to manage an organization's assets and operations. Asset data, work order management, MRO equipment, job skills, service contracts, finance, and analytics are main functional areas. The four main asset leaderships are objectives-uptime, price caps, the sustainability of assets, and security-are the main factors for purchasing EAM systems. These goals directly impact C-suite goals for income, money conservation, profitability, and risk management in the P&L declaration and balance sheet.
Major players invest strongly in their company to surpass traditional property management. This is because companies are looking for extra advantages from alternatives to manage business assets. In addition to offering access to organizational asset information to each department and worker at each place, the latest industry trend involves enterprise asset management solutions that also cover several other significant factors such as power use, lifecycle expenses, maintenance records, purchase orders, warranty catalogs, audit records, and others.
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. 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 countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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.
Market Segmentation:
By Component
By Organization Size
By Deployment Type
By End User
By Country
Companies Profiled
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