How big is the Global Enterprise Asset Management market?
According to MarkNtel Advisors study, The Global Enterprise Asset Management Market size was valued at around USD 4.4 billion in 2023 and is estimated to grow at a CAGR of about 10.8% during the forecast period, i.e., 2024-30.
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Global Enterprise Asset Management Market Driver:
Rise of Technological Advancements to Provide a Competitive Edge – As organizations recognize the strategic value of technology-based solutions in boosting asset performance, progress in sensor technologies, data analytics, and artificial intelligence has facilitated the development of advanced EAM systems. There is now a shift from reactive to proactive asset management as firms employ predictive analytic tools integrated into their EAM by pioneers such as IBM, SAP, and Oracle. These companies enable well-informed decision-making by leveraging maintenance data that optimizes overall operational efficiency while improving reliability via streamlined processes, resulting in cost savings.
Furthermore, the Internet of Things (IoT) had a particularly profound impact on real-time monitoring alongside minimal downtime made possible via predictive maintenance models within these technological breakthroughs for more efficient operations.
Leading Companies in the Global Enterprise Asset Management market:
- IBM
- SAP
- Oracle
- Hexagon
- IFS
- Hitachi Energy
- IPS Intelligent Process Solutions
- Accruent
- Aveva
- Aptean
- Emaint,
- CGI
- Upkeep
- Assetworks
- Ramco Systems
- Others
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Global Enterprise Asset Management Market Segmentation:
By Offering
- Solutions- Market Size & Forecast 2019-2030, (USD Million)
- Services- Market Size & Forecast 2019-2030, (USD Million)
- Professional services- Market Size & Forecast 2019-2030, (USD Million)
- Planning & Consulting- Market Size & Forecast 2019-2030, (USD Million)
- Training & Education- Market Size & Forecast 2019-2030, (USD Million)
- Support & Maintenance- Market Size & Forecast 2019-2030, (USD Million)
- Managed Services- Market Size & Forecast 2019-2030, (USD Million)
- Professional services- Market Size & Forecast 2019-2030, (USD Million)
By Application
- Asset Lifecycle Management- Market Size & Forecast 2019-2030, (USD Million)
- Inventory Management- Market Size & Forecast 2019-2030, (USD Million)
- Work order Management- Market Size & Forecast 2019-2030, (USD Million)
- Labour Management- Market Size & Forecast 2019-2030, (USD Million)
- Facility Management- Market Size & Forecast 2019-2030, (USD Million)
- Others- Market Size & Forecast 2019-2030, (USD Million)
Predictive maintenance is expected to contribute the highest share of the Enterprise Asset Management Market.
By Deployment Model
- Cloud- Market Size & Forecast 2019-2030, (USD Million)
- On-premises- Market Size & Forecast 2019-2030, (USD Million)
By Organization Size
- Large Enterprises- Market Size & Forecast 2019-2030, (USD Million)
- SMEs- Market Size & Forecast 2019-2030, (USD Million)
By Vertical
- Manufacturing- Market Size & Forecast 2019-2030, (USD Million)
- Energy & Utilities- Market Size & Forecast 2019-2030, (USD Million)
- Healthcare & Life Sciences- Market Size & Forecast 2019-2030, (USD Million)
- Transportation & Logistics- Market Size & Forecast 2019-2030, (USD Million)
- Telecom- Market Size & Forecast 2019-2030, (USD Million)
- Government & Public Sector- Market Size & Forecast 2019-2030, (USD Million)
- Education- Market Size & Forecast 2019-2030, (USD Million)
- Others- Market Size & Forecast 2019-2030, (USD Million)
Regional/ Countries Insight:
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
North America is anticipated to dominate the Enterprise Asset Management Market.
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MarkNtel Advisors is a leading consulting, data analytics, and market research company that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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