There are numerous drivers, restraints and opportunities that are shaping the future of this industry. The growing need for increasing the lifecycle performance of assets indicates that the future of enterprise asset management market is bright. On the other hand, with companies getting more dependent on physical infrastructure, which is capable enough to integrate process as well as information throughout asset lifecycle is highly responsible for driving the market. Advent of cloud deployment model and Big Data integration with enterprise asset management are likely to create business opportunities. However, high cost and lack of awareness has hindered market growth to a greater extent. Regions such as AsiaPacific and Middle East and Africa would provide several opportunities in the enterprise asset management space owing to the rise in adoption rate.
The market is segmented in terms of software applications, end use industry, services offered, size of organization and geography. In terms of software applications, the market is segmented into asset maintenance, repair & overhaul (MRO), non-linear assets, linear assets, and field service management. The market is also segmented based on the services such as managed service, training and support, and implementation service. The global enterprise asset management market is categorized based on size of organization into large enterprises, and small and medium enterprises (SMEs). The end use industries served by the enterprise asset management market include government and utilities, BFSI, healthcare, oil and gas, retail, transportation and others.
Eyeing the great prospects in the market, major brands are investing in research and development activities to maintain a competitive edge. Business strategies such as joint ventures as well as acquisitions and mergers with local companies are enabling the companies to position their products successfully. Several brands are considering proven market entry strategies to explore new markets. Some of the major market players in the enterprise asset management industry include CGI Group Inc., IBM Corporation, Oracle Corporation, ABB Group, SAP SE, Schneider Electric, and more.
KEY BENEFITS FOR STAKEHOLDERS
The research applies both primary and secondary techniques to bring out the business performance of the key market players
Key market drivers, restraints as well as opportunities shaping the future of world enterprise asset management market are highlighted in the report
The study has been prepared considering the recent technology advancements, policy amendments and market news to disclose their impact on the market
Market status and business performance in regions such as North America, Europe, Asia Pacific, and LAMEA are discussed in the report
Assessment of upstream and downstream market also forms an important part of the report
ENTERPRISE ASSET MANAGEMENT MARKET SEGMENTS
Enterprise Asset Management Market By Services
Training and Support Service
Enterprise Asset Management Market By Organization Size
Small and Medium Enterprises (SMEs)
Enterprise Asset Management Marke
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