Enterprise Asset Management Market to Grow at CAGR of 10.8% through 2030 | Industry Dynamics and Competitor Breakdown

Enterprise Asset Management Market

Report Overview:

The following report titled “Global Enterprise Asset Management MarketBy Offering (Solutions, Services, (Professional services, (Planning & Consulting, Training & Education, Support & Maintenance), Managed Services)), By Application (Asset Lifecycle Management, Inventory Management, Work order Management, Labour Management, Facility Management, Others) and other forecast 2024-2030” provides a comprehensive analysis of the market, focusing on key details such as market size, growth trends, determinants of growth, segments covered, and the role of leading players in the industry.

Global Enterprise Asset Management Market Summary

The Global Enterprise Asset Management Market was valued at USD 4.4 billion in 2023 and is estimated to grow at a CAGR of around 10.8% during the forecast period, i.e., 2024-30. Enterprise asset management offers a complete business package that empowers organizations to manage their assets efficiently across multiple departments, locations, and units. Companies can adopt enterprise asset management solutions for an all-inclusive understanding of infrastructure throughout its lifecycle, from procurement & design to disposal, operation, replacement, or maintenance.

Report Coverage & Details

  • Forecast Period:  2024-2030
  • Base Year: 2023
  • Market Size in 2023: USD 4.4 Billion
  • CAGR: 10.8%

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Enterprise Asset Management Market Opportunity:

Asset Management Driven by Data – The significance of data in paving the way for change within countless organizations cannot be overstated. Nowadays, companies are leveraging data to create business intelligence that hinges on a deep understanding of their customer’s needs and an all-encompassing knowledge base covering different sectors. To achieve such mastery, businesses need to have strong data science skills capable of implementing adaptable models across multiple domains efficiently. Hence, the integration of intelligent asset management systems helps yield timely information-based insights into predictive maintenance tasks monitoring as well as beef up industry-wide oversight efforts, further creating opportunistic arena for the Enterprise Asset Management Market in the forecast years.

Segmentation Analysis: Enterprise Asset Management Market

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)

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)

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)

By Region

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

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Region: North America Holds a Major Market Share

Among them, North America is anticipated to dominate the Enterprise Asset Management Market.

Leading Players Analysis: Enterprise Asset Management Market

The report provides detailed analysis of key players in the global Enterprise Asset Management market, highlighting their strategies and competitive scenario.

  • IBM
  • SAP
  • Oracle
  • Hexagon
  • IFS
  • Hitachi Energy
  • Intelligent Process Solutions
  • Accruent
  • Aveva
  • Aptean
  • Emaint
  •  CGI
  • Upkeep
  • Assetworks
  • Ramco Systems
  • Others

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  4. Competitive Benchmarking: The availability of competitive benchmarking data allows stakeholders to assess their performance against industry peers, identify areas for improvement, and capitalize on strengths.
  5. Identifying Investment Opportunities: Through trend analysis and industry insights, stakeholders can identify attractive investment opportunities and stay ahead in the market for better ROI.

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