EAM Market to Grow at 8.4% CAGR, Reaching USD 7.52 Billion by 2031
The global Enterprise Asset Management Market size was valued at USD 3.64 Billion in 2022 and is projected to reach from USD XX Billion in 2023 to USD 7.52 Billion by 2031, growing at a CAGR of 8.4% during the forecast period (2023–2031).
Drivers in the Enterprise Asset Management Market
The Enterprise Asset Management (EAM) market is driven by several key factors. The increasing need for maximizing the lifecycle of assets, reducing operational costs, and improving asset utilization are primary drivers. Additionally, the integration of advanced technologies such as IoT, AI, and predictive analytics into EAM solutions is enhancing their capabilities, leading to higher adoption rates across various industries.
Key Developments in the Enterprise Asset Management Market
Recent developments in the EAM market include the introduction of cloud-based solutions that offer greater flexibility and scalability. Companies are also focusing on developing mobile applications to provide real-time access to asset data, which helps in making informed decisions quickly. Furthermore, strategic partnerships and collaborations among key players are fostering innovation and expanding the market reach.
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Top Key Players
The Enterprise Asset Management market is highly competitive, with several key players driving innovation and growth. Some of the top companies in this market include:
- Oracle
- IFS
- Infor
- IBM
- SAP
- ABB
- Intelligent Process Solutions (IPS)
- Schneider Electric
- Aptean
- CGI Inc.
- Rfgen Software
- AssetWorks LLC.
- Ultimo Software Solutions
- Mainsaver INC.
- Ramco Systems
- SwainSmith INC.
- Upkeep Maintenance Management
- eMaint by Fluke Corporation
- Siveco Group SA
- Maintenance Connection
- Yardi Systems INC.
- Planon
Detailed Table of Content of the Enterprise Asset Management Market Report: https://straitsresearch.com/report/enterprise-asset-management-market/toc
Segmentation Analysis of the Enterprise Asset Management Market
The EAM market can be segmented based on various factors:
By Component
- Solution
- Service
By Deployment
- On-Premise
- Cloud
By Vertical
- Energy and Utility
- Manufacturing
- Healthcare and Life Sciences
- Transportation and Logistics
- Public Administration
- Retail
- IT and Telecom
- Oil and Gas
- Others
By Organization Size
- SMEs
- Large Enterprises
By Application
- Asset Lifecycle Management
- Inventory Management
- Work Order Management
- Labor Management
- Predictive Maintenance
- Others
For more details: https://straitsresearch.com/report/enterprise-asset-management-market/segmentation
Company Details
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This press release provides a comprehensive overview of the Enterprise Asset Management Market, highlighting its size, key drivers, recent developments, top players, and segmentation analysis. For more detailed insights, please contact Straits Research.
