Global Enterprise Asset Management (EAM) Market Overview
The Global Enterprise Asset Management (EAM) Market size is expected to grow from USD 5.39 billion in 2023 to USD 13.23 billion by 2032, at a CAGR of 10.49% during the forecast period (2024-2032).
Enterprise asset management (EAM) systems emerged in the 1980s as an extension of the Computerized Maintenance Management Systems (CMMS). Enterprise asset management (EAM) systems were designed to substitute manual maintenance systems, and also to satisfy a need to establish robust asset management procedures as the numbers of assets utilized by enterprises grew.
Enterprise asset management (EAM) is a critical business area for any large enterprise that depends on physical assets for production. Furthermore, Enterprise asset management (EAM) refers to a set of tools, software, and practices including Enterprise asset management (EAM) software, that allows organizations to operate productive facility management. Moreover, organizations can productively maintain, control, and analyze their physical assets and infrastructure during all phases of the asset lifecycle, including maintenance, acquisition, and disposal with the help of the comprehensive Enterprise asset management (EAM) process. This wide-range suite of capabilities provides asset managers full transparency into the present and historical state of assets so they can enhance asset quality and utilization, improve uptime, reduce operational costs, and ultimately increase revenue and Rate of Interest. Additionally, Enterprise asset management (EAM) includes work management, asset maintenance, planning and scheduling, supply chain management, and environmental, health and safety initiatives. With the rise in the Internet of Things (IoT) era, with everything from valves to vehicles connected by sensors and systems, practitioners are integrating advanced analytics and artificial intelligence (AI) into enterprise asset management. Moreover, data collected from instrumented assets is evaluated using AI techniques thus, the resulting insights help maintenance teams make better decisions, perform preventive maintenance, elevate efficiency, and maximize investments in their physical assets.
Market Dynamics And Key Factors Of Enterprise Asset Management (EAM) Market
Drivers:
Enterprise asset management, informs maintenance managers regarding the whereabouts of an asset, what are its requirements, who should work on it, and when. Enterprise asset management (EAM) automates critical asset management workflows and makes them accessible and auditable thus, creating centralized asset information. Moreover, to maintain equipment for stable and continuous operations Enterprise asset management (EAM) software supports preventive skills. It helps certify warranty compliance and preempt issues that interrupt production thus, promoting the growth of the Enterprise asset management (EAM) market in the period of forecast. Additionally, AI-powered remote monitoring provides actionable insight into current and anticipated states of assets. It aggregates data across departments and information silos, permitting for fewer, more accurate alerts and enhanced decision-making thus, monitoring data more smartly.
Moreover, historical and real-time data accumulated from IoT devices and analytical and diagnostic tools aids extend the reliability, availability, and usable life of physical assets. Equipment lifecycles of aging assets are extended through more informed maintenance strategies and by incorporating risk management into business processes to enhance return on investment thus, driving the development of the Enterprise asset management (EAM) market throughout forecast. Furthermore, IoT, AI, and analytics elevate equipment maintenance practices. Additionally, due to the use of AI and IoT, asset traceability and tracking meet increasingly complex environmental, health and safety demands. Enterprise asset management (EAM) aids in establishing a single technology system to manage virtually all asset types. Furthermore, processes are integrated and standardized for wide-ranging asset functions across an enterprise thus, strengthening the expansion of the Enterprise asset management (EAM) market during the forecast period.
Restraints:
Many enterprises suffer from a lack of understanding of the inherent design capabilities of their assets and secondly, how best to utilize within their ranges to increase the asset life cycle. For some assets, operating below or above the design range may negatively affect the life of the asset thus retarding the Enterprise asset management (EAM) market development. Moreover, during the functional phase of assets, there are many issues regarding the maintenance such as over maintenance and under maintenance, these both issues can incur huge costs thus, restricting the growth of the Enterprise asset management (EAM) market growth. With the rise in the adoption of cloud-based solutions, there has been a significant rise in cyber-attacks. As cloud-based solutions require the transfer of data from the field to the cloud, the chances of malicious attacks on servers, networks, and communication channels increase thus, hampering the growth of the Enterprise asset management (EAM) market. Furthermore, the gap between the customer expectations and the solutions delivered by the vendors is one of the major factors hindering the Enterprise asset management (EAM) market expansion during the forecast period.
Market Segmentation
Depending on the Component, the solutions segment is anticipated to have the highest share of the enterprise asset management (EAM) market. The rapid growth in the demand for advanced solutions for robust and cost-effective Enterprise asset management (EAM) systems and the growing inclination of the enterprises towards controlling cost with lesser maintenance are the main factors driving the growth of this segment. Additionally, an increase in the production hours and increased asset life is further promoting the growth of this segment.
Depending on the Technology Used, the Enterprise asset management (EAM) market is segmented into cloud-based and on-premises technology. Cloud-based technology is anticipated to dominate the market in the period of forecast owing to the low implementation cost and very fast implementation by the provider. Moreover, storage options can be extended according to the needs without any problem. Automatic updates are provided by the vendors therefore, no need for the IT department to worry about maintenance or payment for future upgrades. With remote access, employees can access the information wherever they are and uses less energy as compared to traditional data centers. Furthermore, there is no need to implement hardware and components that can take hours or days to install on the premises.
Depending on Enterprise Type, large enterprises are predicted to lead the Enterprise asset management (EAM) market. Large enterprises are involved in many businesses and to maintain a proper record of business-related work they are opting for solutions provided by the enterprise asset management. Many problems related to logistics, frequency of workers as well to enhance the life cycle of the asset, large enterprises are incorporating the usage of Enterprise asset management (EAM) systems. The small enterprise segment is projected to expand at the highest growth rate in the forecast period owing to the rise in the number of small enterprises and the growing demand for Enterprise asset management (EAM) among them. To ensure proper usage of assets and to increase assets life expectancy, small enterprises are incorporating the usage of the Enterprise asset management (EAM) system.
Depending on the Function, the asset lifecycle management segment is expected to grow at a significant rate. As asset management and utilization is an important task for the enterprises and to cut down the cost involved in the purchase of new physical assets, asset lifecycle management plays an important role thus, stimulating the growth of this segment.
Depending on the End-User, the transportation segment is predicted to expand at the highest growth rate owing to the rapid growth in the demand for connected automated vehicles. Moreover, with the global enterprise's transition to industry 4.0, smart manufacturing, and the rise in the number of electronic contents per vehicle are driving the growth of this segment.
Players Covered in Enterprise Asset Management (EAM) market are :
- ABB (Switzerland)
- CGI Inc. (Canada)
- Dude Solutions Inc. (US)
- eMaint Enterprises LLC (US)
- IBM Corporation (US)
- IFS AB (Sweden)
- Infor (US)
- Oracle Corporation (US)
- Ramco Systems Ltd. (Chennai)
- SAP SE (Germany)
- Schneider Electric SA (France)
- IPS (Germany)
- Accruent (US)
- AVEVA Group plc (UK)
- Aptean (US)
- Professional Datasolutions Inc (US)
- AssetWorks LLC (US)
- Ultimo Software Solutions Inc (US)
- EZOfficeInventory (US)
- AssetInfinity (India)
- InnoMaint Software (India)
- Aladinme (UAE)
- Limble (US)
- Redlist (US)
- TrackX (US)
- Cheqroom (Belgium)
- The Asset Guardian (Canada)
- GoCodes (US)
- Fleetio (US)
- Upkeep Maintenance Management (US) and other major players.
Regional Analysis of Enterprise asset management (EAM) Market:
North America region is forecasted to dominate the enterprise asset management (EAM) market owing to the presence of major players, rise in the adoption of advanced technologies and the investments by governments to develop advanced technologies are some major factors promoting the growth of Enterprise asset management (EAM) market in this region. Moreover, the favorable conditions for the emergence of new private businesses are fueling the growth of the market in this region.
Asia-Pacific region is expected to grow at the highest growth rate owing to the high investments and the growing demand for automation technology. Moreover, due to the presence of a highly developed IT sector and a rapid rise in cloud-based solutions is driving the growth of the market in countries such as China, Japan, India, and Australia. The rise in the number of enterprise asset management (EAM) providers and to meet the stringent regulatory compliances are some factors stimulating the market growth.
Europe region is estimated to grow at a significant growth rate owing to the rapid adoption of enterprise asset management (EAM) systems in this region. The growing awareness about the beneficial effects of Enterprise asset management (EAM) in this region and the readiness for adoption shown by the major small and large companies are the major factors strengthening the expansion of the market in this region.
Key Industry Developments in Enterprise Asset Management (EAM) Market
- In March 2023, OpenGov, a leading cloud software provider, launched its Enterprise Asset Management Software, which focuses on GIS-based asset tracking, work order management, and infrastructure maintenance for public agencies in the U.S. The software has become increasingly important due to national issues of deferred maintenance and the Infrastructure Investment and Jobs Act, offering significant opportunities for the "EAM" space.
- In December 2022, Hexagon's Asset Lifecycle Intelligence division released HxGN EAM v12, the latest version of its SaaS-based Enterprise Asset Management product. The update includes an expansion of the Asset Performance Management module with Root Cause Analysis features, the ability to calculate and visualize Asset Investment Planning with EcoSys, and enhanced capabilities for HxGN EAM Digital Work Mobile.
Global Enterprise Asset Management (EAM) Market |
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Base Year: |
2022 |
Forecast Period: |
2023-2030 |
Historical Data: |
2017 to 2030 |
Market Size in 2023: |
USD 5.39 Bn. |
Forecast Period 2023-32 CAGR: |
10.49% |
Market Size in 2030: |
USD 13.23 Bn. |
Segments Covered: |
By Component |
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By Deployment Type |
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By Enterprise Size |
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By End Users |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
ā1.1 Research Objectives
ā1.2 Research Methodology
ā1.3 Research Process
ā1.4 Scope and Coverage
āā1.4.1 Market Definition
āā1.4.2 Key Questions Answered
ā1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
ā3.1 By Component
ā3.2 By Deployment Type
ā3.3 By Enterprise Size
ā3.4 By End Users
Chapter 4: Market Landscape
ā4.1 Porter's Five Forces Analysis
āā4.1.1 Bargaining Power of Supplier
āā4.1.2 Threat of New Entrants
āā4.1.3 Threat of Substitutes
āā4.1.4 Competitive Rivalry
āā4.1.5 Bargaining Power Among Buyers
ā4.2 Industry Value Chain Analysis
ā4.3 Market Dynamics
āā4.3.1 Drivers
āā4.3.2 Restraints
āā4.3.3 Opportunities
āā4.5.4 Challenges
ā4.4 Pestle Analysis
ā4.5 Technological Roadmap
ā4.6 Regulatory Landscape
ā4.7 SWOT Analysis
ā4.8 Price Trend Analysis
ā4.9 Patent Analysis
ā4.10 Analysis of the Impact of Covid-19
āā4.10.1 Impact on the Overall Market
āā4.10.2 Impact on the Supply Chain
āā4.10.3 Impact on the Key Manufacturers
āā4.10.4 Impact on the Pricing
Chapter 5: Enterprise Asset Management (EAM) Market by Component
ā5.1 Enterprise Asset Management (EAM) Market Overview Snapshot and Growth Engine
ā5.2 Enterprise Asset Management (EAM) Market Overview
ā5.3 Solutions
āā5.3.1 Introduction and Market Overview
āā5.3.2 Historic and Forecasted Market Size (2016-2028F)
āā5.3.3 Key Market Trends, Growth Factors and Opportunities
āā5.3.4 Solutions: Grographic Segmentation
ā5.4 Services
āā5.4.1 Introduction and Market Overview
āā5.4.2 Historic and Forecasted Market Size (2016-2028F)
āā5.4.3 Key Market Trends, Growth Factors and Opportunities
āā5.4.4 Services: Grographic Segmentation
Chapter 6: Enterprise Asset Management (EAM) Market by Deployment Type
ā6.1 Enterprise Asset Management (EAM) Market Overview Snapshot and Growth Engine
ā6.2 Enterprise Asset Management (EAM) Market Overview
ā6.3 Cloud-Based
āā6.3.1 Introduction and Market Overview
āā6.3.2 Historic and Forecasted Market Size (2016-2028F)
āā6.3.3 Key Market Trends, Growth Factors and Opportunities
āā6.3.4 Cloud-Based: Grographic Segmentation
ā6.4 On-Premise
āā6.4.1 Introduction and Market Overview
āā6.4.2 Historic and Forecasted Market Size (2016-2028F)
āā6.4.3 Key Market Trends, Growth Factors and Opportunities
āā6.4.4 On-Premise: Grographic Segmentation
Chapter 7: Enterprise Asset Management (EAM) Market by Enterprise Size
ā7.1 Enterprise Asset Management (EAM) Market Overview Snapshot and Growth Engine
ā7.2 Enterprise Asset Management (EAM) Market Overview
ā7.3 Large Enterprises
āā7.3.1 Introduction and Market Overview
āā7.3.2 Historic and Forecasted Market Size (2016-2028F)
āā7.3.3 Key Market Trends, Growth Factors and Opportunities
āā7.3.4 Large Enterprises: Grographic Segmentation
ā7.4 SMEs
āā7.4.1 Introduction and Market Overview
āā7.4.2 Historic and Forecasted Market Size (2016-2028F)
āā7.4.3 Key Market Trends, Growth Factors and Opportunities
āā7.4.4 SMEs: Grographic Segmentation
Chapter 8: Enterprise Asset Management (EAM) Market by End Users
ā8.1 Enterprise Asset Management (EAM) Market Overview Snapshot and Growth Engine
ā8.2 Enterprise Asset Management (EAM) Market Overview
ā8.3 Energy & Utilities
āā8.3.1 Introduction and Market Overview
āā8.3.2 Historic and Forecasted Market Size (2016-2028F)
āā8.3.3 Key Market Trends, Growth Factors and Opportunities
āā8.3.4 Energy & Utilities: Grographic Segmentation
ā8.4 Chemicals
āā8.4.1 Introduction and Market Overview
āā8.4.2 Historic and Forecasted Market Size (2016-2028F)
āā8.4.3 Key Market Trends, Growth Factors and Opportunities
āā8.4.4 Chemicals: Grographic Segmentation
ā8.5 Petroleum & Mining
āā8.5.1 Introduction and Market Overview
āā8.5.2 Historic and Forecasted Market Size (2016-2028F)
āā8.5.3 Key Market Trends, Growth Factors and Opportunities
āā8.5.4 Petroleum & Mining: Grographic Segmentation
ā8.6 Manufacturing
āā8.6.1 Introduction and Market Overview
āā8.6.2 Historic and Forecasted Market Size (2016-2028F)
āā8.6.3 Key Market Trends, Growth Factors and Opportunities
āā8.6.4 Manufacturing: Grographic Segmentation
ā8.7 Others
āā8.7.1 Introduction and Market Overview
āā8.7.2 Historic and Forecasted Market Size (2016-2028F)
āā8.7.3 Key Market Trends, Growth Factors and Opportunities
āā8.7.4 Others: Grographic Segmentation
Chapter 9: Company Profiles and Competitive Analysis
ā9.1 Competitive Landscape
āā9.1.1 Competitive Positioning
āā9.1.2 Enterprise Asset Management (EAM) Sales and Market Share By Players
āā9.1.3 Industry BCG Matrix
āā9.1.4 Ansoff Matrix
āā9.1.5 Enterprise Asset Management (EAM) Industry Concentration Ratio (CR5 and HHI)
āā9.1.6 Top 5 Enterprise Asset Management (EAM) Players Market Share
āā9.1.7 Mergers and Acquisitions
āā9.1.8 Business Strategies By Top Players
ā9.2 ABB
āā9.2.1 Company Overview
āā9.2.2 Key Executives
āā9.2.3 Company Snapshot
āā9.2.4 Operating Business Segments
āā9.2.5 Product Portfolio
āā9.2.6 Business Performance
āā9.2.7 Key Strategic Moves and Recent Developments
āā9.2.8 SWOT Analysis
ā9.3 CGI INC.
ā9.4 DUDE SOLUTIONS INC.
ā9.5 EMAINT ENTERPRISES LLC
ā9.6 IBM CORPORATION
ā9.7 IFS AB
ā9.8 INFOR
ā9.9 ORACLE CORPORATION
ā9.10 RAMCO SYSTEMS LTD.
ā9.11 SAP SE
ā9.12 SCHNEIDER ELECTRIC SA
ā9.13 IPS
ā9.14 ACCRUENT
ā9.15 AVEVA GROUP PLC
ā9.16 APTEAN
ā9.17 PROFESSIONAL DATASOLUTIONS INC.
ā9.18 ASSETWORKS LLC
ā9.19 ULTIMO SOFTWARE SOLUTIONS INC.
ā9.20 EZOFFICEINVENTORY
ā9.21 ASSETINFINITY
ā9.22 INNOMAINT SOFTWARE
ā9.23 ALADINME
ā9.24 LIMBLE
ā9.25 REDLIST
ā9.26 TRACKX
ā9.27 CHEQROOM
ā9.28 THE ASSET GUARDIAN
ā9.29 GOCODES
ā9.30 FLEETIO
ā9.31 UPKEEP MAINTENANCE MANAGEMENT
ā9.32 OTHER MAJOR PLAYERS
Chapter 10: Global Enterprise Asset Management (EAM) Market Analysis, Insights and Forecast, 2016-2028
ā10.1 Market Overview
ā10.2 Historic and Forecasted Market Size By Component
āā10.2.1 Solutions
āā10.2.2 Services
ā10.3 Historic and Forecasted Market Size By Deployment Type
āā10.3.1 Cloud-Based
āā10.3.2 On-Premise
ā10.4 Historic and Forecasted Market Size By Enterprise Size
āā10.4.1 Large Enterprises
āā10.4.2 SMEs
ā10.5 Historic and Forecasted Market Size By End Users
āā10.5.1 Energy & Utilities
āā10.5.2 Chemicals
āā10.5.3 Petroleum & Mining
āā10.5.4 Manufacturing
āā10.5.5 Others
Chapter 11: North America Enterprise Asset Management (EAM) Market Analysis, Insights and Forecast, 2016-2028
ā11.1 Key Market Trends, Growth Factors and Opportunities
ā11.2 Impact of Covid-19
ā11.3 Key Players
ā11.4 Key Market Trends, Growth Factors and Opportunities
ā11.4 Historic and Forecasted Market Size By Component
āā11.4.1 Solutions
āā11.4.2 Services
ā11.5 Historic and Forecasted Market Size By Deployment Type
āā11.5.1 Cloud-Based
āā11.5.2 On-Premise
ā11.6 Historic and Forecasted Market Size By Enterprise Size
āā11.6.1 Large Enterprises
āā11.6.2 SMEs
ā11.7 Historic and Forecasted Market Size By End Users
āā11.7.1 Energy & Utilities
āā11.7.2 Chemicals
āā11.7.3 Petroleum & Mining
āā11.7.4 Manufacturing
āā11.7.5 Others
ā11.8 Historic and Forecast Market Size by Country
āā11.8.1 U.S.
āā11.8.2 Canada
āā11.8.3 Mexico
Chapter 12: Europe Enterprise Asset Management (EAM) Market Analysis, Insights and Forecast, 2016-2028
ā12.1 Key Market Trends, Growth Factors and Opportunities
ā12.2 Impact of Covid-19
ā12.3 Key Players
ā12.4 Key Market Trends, Growth Factors and Opportunities
ā12.4 Historic and Forecasted Market Size By Component
āā12.4.1 Solutions
āā12.4.2 Services
ā12.5 Historic and Forecasted Market Size By Deployment Type
āā12.5.1 Cloud-Based
āā12.5.2 On-Premise
ā12.6 Historic and Forecasted Market Size By Enterprise Size
āā12.6.1 Large Enterprises
āā12.6.2 SMEs
ā12.7 Historic and Forecasted Market Size By End Users
āā12.7.1 Energy & Utilities
āā12.7.2 Chemicals
āā12.7.3 Petroleum & Mining
āā12.7.4 Manufacturing
āā12.7.5 Others
ā12.8 Historic and Forecast Market Size by Country
āā12.8.1 Germany
āā12.8.2 U.K.
āā12.8.3 France
āā12.8.4 Italy
āā12.8.5 Russia
āā12.8.6 Spain
āā12.8.7 Rest of Europe
Chapter 13: Asia-Pacific Enterprise Asset Management (EAM) Market Analysis, Insights and Forecast, 2016-2028
ā13.1 Key Market Trends, Growth Factors and Opportunities
ā13.2 Impact of Covid-19
ā13.3 Key Players
ā13.4 Key Market Trends, Growth Factors and Opportunities
ā13.4 Historic and Forecasted Market Size By Component
āā13.4.1 Solutions
āā13.4.2 Services
ā13.5 Historic and Forecasted Market Size By Deployment Type
āā13.5.1 Cloud-Based
āā13.5.2 On-Premise
ā13.6 Historic and Forecasted Market Size By Enterprise Size
āā13.6.1 Large Enterprises
āā13.6.2 SMEs
ā13.7 Historic and Forecasted Market Size By End Users
āā13.7.1 Energy & Utilities
āā13.7.2 Chemicals
āā13.7.3 Petroleum & Mining
āā13.7.4 Manufacturing
āā13.7.5 Others
ā13.8 Historic and Forecast Market Size by Country
āā13.8.1 China
āā13.8.2 India
āā13.8.3 Japan
āā13.8.4 Singapore
āā13.8.5 Australia
āā13.8.6 New Zealand
āā13.8.7 Rest of APAC
Chapter 14: Middle East & Africa Enterprise Asset Management (EAM) Market Analysis, Insights and Forecast, 2016-2028
ā14.1 Key Market Trends, Growth Factors and Opportunities
ā14.2 Impact of Covid-19
ā14.3 Key Players
ā14.4 Key Market Trends, Growth Factors and Opportunities
ā14.4 Historic and Forecasted Market Size By Component
āā14.4.1 Solutions
āā14.4.2 Services
ā14.5 Historic and Forecasted Market Size By Deployment Type
āā14.5.1 Cloud-Based
āā14.5.2 On-Premise
ā14.6 Historic and Forecasted Market Size By Enterprise Size
āā14.6.1 Large Enterprises
āā14.6.2 SMEs
ā14.7 Historic and Forecasted Market Size By End Users
āā14.7.1 Energy & Utilities
āā14.7.2 Chemicals
āā14.7.3 Petroleum & Mining
āā14.7.4 Manufacturing
āā14.7.5 Others
ā14.8 Historic and Forecast Market Size by Country
āā14.8.1 Turkey
āā14.8.2 Saudi Arabia
āā14.8.3 Iran
āā14.8.4 UAE
āā14.8.5 Africa
āā14.8.6 Rest of MEA
Chapter 15: South America Enterprise Asset Management (EAM) Market Analysis, Insights and Forecast, 2016-2028
ā15.1 Key Market Trends, Growth Factors and Opportunities
ā15.2 Impact of Covid-19
ā15.3 Key Players
ā15.4 Key Market Trends, Growth Factors and Opportunities
ā15.4 Historic and Forecasted Market Size By Component
āā15.4.1 Solutions
āā15.4.2 Services
ā15.5 Historic and Forecasted Market Size By Deployment Type
āā15.5.1 Cloud-Based
āā15.5.2 On-Premise
ā15.6 Historic and Forecasted Market Size By Enterprise Size
āā15.6.1 Large Enterprises
āā15.6.2 SMEs
ā15.7 Historic and Forecasted Market Size By End Users
āā15.7.1 Energy & Utilities
āā15.7.2 Chemicals
āā15.7.3 Petroleum & Mining
āā15.7.4 Manufacturing
āā15.7.5 Others
ā15.8 Historic and Forecast Market Size by Country
āā15.8.1 Brazil
āā15.8.2 Argentina
āā15.8.3 Rest of SA
Chapter 16 Investment Analysis
Chapter 17 Analyst Viewpoint and Conclusion
Global Enterprise Asset Management (EAM) Market |
|||
Base Year: |
2022 |
Forecast Period: |
2023-2030 |
Historical Data: |
2017 to 2030 |
Market Size in 2023: |
USD 5.39 Bn. |
Forecast Period 2023-32 CAGR: |
10.49% |
Market Size in 2030: |
USD 13.23 Bn. |
Segments Covered: |
By Component |
|
|
By Deployment Type |
|
||
By Enterprise Size |
|
||
By End Users |
|
||
By Region |
|
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Key Market Drivers: |
|
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Key Market Restraints: |
|
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Key Opportunities: |
|
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Companies Covered in the report: |
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Frequently Asked Questions :
The forecast period in the Enterprise Asset Management (EAM) Market research report is 2023-2032.
ABB (Switzerland),CGI Inc. (Canada), Dude Solutions Inc. (US), eMaint Enterprises LLC (US), IBM Corporation (US), IFS AB (Sweden), Infor (US),Oracle Corporation (US), Ramco Systems Ltd. (Chennai), SAP SE (Germany), Schneider Electric SA (France), IPS (Germany), Accruent (US), AVEVA Group plc (UK), Aptean (US), Professional Datasolutions Inc (US), AssetWorks LLC (US), Ultimo Software Solutions Inc (US), EZOfficeInventory (US), AssetInfinity (India), InnoMaint Software (India), Aladinme (UAE), Limble (US), Redlist (US), TrackX (US), Cheqroom (Belgium), The Asset Guardian (Canada), GoCodes (US), Fleetio (US), Upkeep Maintenance Management (US), and other major players.
The Enterprise Asset Management (EAM) Market is segmented into component, deployment model, enterprise size, end users, and region. By Component, the market is categorized into Solutions and Services. By Deployment Type, the market is categorized into Cloud-Based and On-Premise. By Enterprise Size, the market is categorized into Large Enterprises and SMEs. By End Users, the market is categorized into Energy & Utilities, Chemicals, Petroleum & Mining, Manufacturing, and Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Enterprise asset management (EAM) refers to a set of tools, software, and practices including Enterprise asset management (EAM) software, that allows organizations to operate productive facility management.
The Global Enterprise Asset Management (EAM) Market size is expected to grow from USD 5.39 billion in 2023 to USD 13.23 billion by 2032, at a CAGR of 10.49% during the forecast period (2024-2032).