Enterprise Asset Management Market

From commissioning, designing, or purchasing physical assets to running, disposing of, maintaining, and replacing them, enterprise asset management (EAM) delivers a thorough perspective of a company's physical infrastructure across the course of its lifetime. The enterprise asset management (EAM) software provides a variety of features, such as a portal-based user interface, warranty management, and life-cycle management. Simply said, EAM software gives a company access to a large user base across multiple sites and offers features like lifecycle planning. It also offers useful resources, expertise, and tools in the area of finance. As more businesses use cloud services throughout the course of the anticipated period, the worldwide corporate asset management market is expected to grow.

Market Dynamics

A "mobile-first" approach is pervasive across businesses and industries due to the pervasiveness of mobility and mobile devices, such as smartphones, tablets, and phablets. The reach of mobility in EAM solutions is anticipated to rise as a result of the rising use of mobile devices. Alongside EAM and field service systems, handheld smart devices have improved in functionality thanks to GPS, GIS, RFID, and embedded cameras. Cyber-attacks are also dramatically rising along with the increasing digitization. Data security has thus become crucial for organizations to maintain competitiveness in the global market. Organizations that adopt cutting-edge digital technology expose their data to threats. Concerns about the movement of data from the field to the cloud platform have significantly increased due to the possibility of server, network, and communication channel attacks by malicious parties. The deployment and implementation of EAM solutions across organizations can be difficult and require a lot of strategic and technical choices. Businesses are concentrating on keeping expenses under control and getting the most out of their investments. Businesses' lack of a digital asset management strategy is their main obstacle. However, businesses have begun to see the value of the digital asset management strategy and have improved labor productivity, decreased equipment downtime, and cut back on inventory requirements.

Key features of the study:

• This report provides an in-depth analysis of the global Enterprise Asset Management market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players
• It profiles leading players in the global Enterprise Asset Management market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
• Companies covered as a part of this study are IBM Corporation, SAP SE, Oracle Corporation, ABB Ltd., Infor, Inc., Ultimo Software Solutions BV, CARL International SA, eMaint Enterprises, LLC, Mainsaver, Inc., MEX Pty Ltd., Asset Works LLC, and CGI, Inc.
• Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
• Global Enterprise Asset Management market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Enterprise Asset Management market

Detailed Segmentation

• Global Enterprise Asset Management Market, By Vertical:
  • Public Sector
  • Manufacturing
  • Oil and Gas,
  • Healthcare and Pharmaceutical Industry
  • Energy and Utility
  • Transportation
  • Wholesale and Distribution
  • Food & Beverages
  • Paper and Packaging
  • Chemical and Process Industry (Including Steel Industry)
  • Mining
  • Service Industry
• Global Enterprise Asset Management Market, By Solution:
  • Database Solution
  • Analytics Solution
  • Mobile Solution
  • Cloud-based Solution
• Global Enterprise Asset Management Market, By Service:
  • Consulting Service
  • Implementation Service
  • Training and Support Service
  • Outsourcing Service
• Global Enterprise Asset Management Market, By Region:
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles
  • IBM Corporation
  • SAP SE
  • Oracle Corporation
  • ABB Ltd.
  • Infor Inc.
  • Ultimo Software Solutions BV
  • CARL International SA
  • eMaint Enterprises LLC
  • Mainsaver, Inc.
  • MEX Pty Ltd.
  • Asset Works LLC
  • CGI, Inc
  • Others