Enterprise Asset Management Market Size to Reach USD 7.52 Billion by 2031 | Straits Research

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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).

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:

  1. Oracle
  2. IFS
  3. Infor
  4. IBM
  5. SAP
  6. ABB
  7. Intelligent Process Solutions (IPS)
  8. Schneider Electric
  9. Aptean
  10. CGI Inc.
  11. Rfgen Software
  12. AssetWorks LLC.
  13. Ultimo Software Solutions
  14. Mainsaver INC.
  15. Ramco Systems
  16. SwainSmith INC.
  17. Upkeep Maintenance Management
  18. eMaint by Fluke Corporation
  19. Siveco Group SA
  20. Maintenance Connection
  21. Yardi Systems INC.
  22. 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:

  1. By Component

    • Solution
    • Service
  2. By Deployment

    • On-Premise
    • Cloud
  3. By Vertical

    • Energy and Utility
    • Manufacturing
    • Healthcare and Life Sciences
    • Transportation and Logistics
    • Public Administration
    • Retail
    • IT and Telecom
    • Oil and Gas
    • Others
  4. By Organization Size

    • SMEs
    • Large Enterprises
  5. 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

Straits Research is a top provider of business intelligence, specializing in research, analytics, and advisory services. We focus on delivering in-depth insights through comprehensive reports.

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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.

 

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