The Global Enterprise Asset Management Market report provides a detailed analysis of the market's current state, key players, emerging trends, and future growth prospects. The report is divided into several sections, each focusing on different aspects of the market, such as market size, geographical shares, competitive landscape, and market dynamics.
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Global Enterprise Asset Management Market Key Points and Findings (2024-2030)
Enterprise Asset Management Market Overview: -
The Global Enterprise Asset Management Market Size 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.
Regional Analysis:
- North America
- Europe
- Asia Pacific
- Middle East/Africa
- South America
Among them, the North America experienced considerable growth in the Global Enterprise Asset Management Market.
Top 10 Industry Competitors: Enterprise Asset Management Market
- IBM
- SAP
- Oracle
- Hexagon
- IFS
- Hitachi Energy
- Intelligent Process Solutions
- Accruent
- Aveva
- Aptean
- Emaint
- CGI
- Upkeep
- Assetworks
- Ramco Systems
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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)
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)
Enterprise Asset Management Market Dynamics:
Key Factor Driving Market–
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
.
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Frequently Asking Questions (FAQ’s):
- Which companies lead the Global Enterprise Asset Management Market?
- How will current trends shape the market in the coming years?
- What opportunities, challenges, and driving forces characterize the Enterprise Asset Management Industry?
- Which specific Enterprise Asset Management market segments should industry competitor target to capitalize on recent technological advancements?
- What is the projected growth rate of the global Enterprise Asset Management market?
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