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Market Overview:
Global enterprise asset management (eam) market was valued at USD 4.42 billion in 2021 and is expected to reach USD 8.83 billion by the year 2028, at a CAGR of 10.4%.
Enterprise Asset Management (EAM) refers to a comprehensive set of tools, software, and practices employed by organizations to effectively manage their physical assets throughout their lifecycle. It encompasses activities such as asset maintenance, work management, planning and scheduling, supply chain management, and environmental health and safety initiatives. EAM systems provide transparency and control over assets, enabling organizations to optimize asset utilization, enhance maintenance practices, reduce operational costs, and maximize return on investment. With the integration of advanced technologies like the Internet of Things (IoT) and artificial intelligence (AI), EAM allows for data-driven decision-making, preventive maintenance, and improved efficiency in asset management processes.
Top Key Players in Enterprise Asset Management (EAM) Market:
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.
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Market Dynamics and Factors:
The Global Enterprise Asset Management (EAM) Market is driven by the increasing recognition of efficient asset management's significance in maximizing operational efficiency, reducing downtime, and optimizing resource utilization. EAM systems offer the necessary tools and capabilities to streamline asset tracking, maintenance, and performance monitoring. There is a growing demand for EAM solutions that facilitate preventive maintenance practices, aligning with the shift from reactive to proactive maintenance strategies. Implementing preventive maintenance helps minimize unplanned downtime, prolong asset lifespan, and enhance overall operational reliability.
Opportunities in the Global Enterprise Asset Management (EAM) Market arise from the adoption of cloud-based EAM solutions. The shift towards cloud computing enables organizations to leverage scalable, flexible, and accessible EAM systems. Cloud-based EAM allows for centralized asset data, seamless integration with other business systems, and remote accessibility. Additionally, the emergence of Industry 4.0 initiatives offers opportunities for EAM market growth. Integration with emerging technologies like big data analytics, machine learning, and robotics enables advanced asset management capabilities, driving efficiency improvements and supporting predictive maintenance strategies. Embracing these technologies enhances operational performance and optimizes asset management practices.
The Report Will Include A Major Chapter
Patent Analysis Regulatory Framework Technology Roadmap BCG Matrix Heat Map Analysis Price Trend Analysis Investment Analysis
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Key Industry Development:
In October 2021 , IBM announced its intention to acquire the consulting unit and assets of Adobe Workfront from Rego Consulting Corporation. This acquisition aims to bolster IBM's hybrid cloud and AI strategy. By leveraging its existing strategic partnership with Adobe, IBM aims to tap into the consultancy's specialized knowledge in work management software consulting, catering to the needs of enterprise clients.
In October 2021 , Hexagon AB, a prominent provider of digital reality solutions, announced that it has successfully completed the acquisition of Infor's global Enterprise Asset Management (EAM) business. The transaction, which was subject to regulatory approvals and standard closing conditions, has been finalized. As part of the acquisition, Hexagon gains access to Infor EAM, a superior software-as-a-service (SaaS) asset management solution.
Enterprise Asset Management (EAM) Market Report Highlight:
By Component, the solutions segment holds a larger market share due to the increasing demand for comprehensive software solutions that address the complex needs of asset management. These solutions offer a wide range of functionalities such as asset tracking, maintenance planning, work order management, and data analytics. By Deployment Type, the Cloud-based Segment is expected to register the highest growth during the projected period. due to the numerous advantages, it offers. Cloud-based EAM solutions provide scalability, flexibility, and accessibility, allowing organizations to centralize asset data, facilitate remote access, and seamlessly integrate with other business systems. These solutions eliminate the need for on-premises infrastructure and reduce maintenance costs. By Enterprise Size, the large enterprise segments are set to achieve the highest Growth Rate during the forecasted period due to the large enterprises typically possessing extensive physical assets across multiple locations, making effective asset management crucial for maximizing operational efficiency and reducing costs. By End Users, the Energy & Utilities segment holds a larger market share due to its unique requirements and the critical role of asset management in these industries. Energy and utility companies operate extensive and diverse assets, including power plants, pipelines, and distribution networks. The North American region is expected to have the highest share, The region has a highly developed industrial sector, including manufacturing, energy, utilities, and transportation, which heavily rely on effective asset management practices. North American enterprises have recognized the importance of EAM solutions in optimizing operational efficiency, reducing downtime, and maximizing asset lifespan.
Central to our report are the company profiles and competitive analysis, providing insights into market players' overview, market roles, and operating business segments. We evaluate their financial performance, production volume, sales volume, and sales margin while highlighting recent market developments. Our market research offers invaluable intelligence and strategic insights to drive informed decision-making. By capitalizing on emerging opportunities and understanding the competitive landscape, our report empowers businesses to thrive in the Global Enterprise Asset Management (EAM) Market.
Enterprise Asset Management (EAM) Market Segmentation:
By Component
By Deployment Type
By Enterprise Size
By End Users
Energy & Utilities Chemicals Petroleum & Mining Manufacturing Others
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For this report, Introspective Market Research has segmented the Enterprise Asset Management (EAM) Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America
Eastern Europe
Bulgaria The Czech Republic Hungary Poland Romania Rest of Eastern Europe
Western Europe
Germany UK France Netherlands Italy Russia Spain Rest of Western Europe
Asia Pacific
China India Japan South Korea Malaysia Thailand Vietnam The Philippines Australia New Zealand Rest of APAC
Middle East & Africa
Turkey Bahrain Kuwait Saudi Arabia Qatar UAE Israel South Africa
South America
Brazil Argentina Rest of SA
Scope of the Report:
The latest research on the Enterprise Asset Management (EAM) market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Enterprise Asset Management (EAM) industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Enterprise Asset Management (EAM) market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
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