Global Enterprise Asset Management Market 2022-2028

Global Enterprise Asset Management Market Size, Share & Trends Analysis Report by Deployment (On-Premises and Cloud-Based), and by Verticals (BFSI, Government and Utilities, Healthcare, Energy & Power, IT & Telecom, and Others) Forecast Period (2022-2028)

The global enterprise asset management market is anticipated to grow at a significant CAGR of 7.9% during the forecast period. Enterprise Asset Management is the ideal lifecycle management solution for dealing with an organization's asset management benefits (EAM). EAM also protects subjects such as tasks, structure, and decommissioning of production plants, among others. Businesses can reduce their production and maintenance costs by switching to an enterprise management system. Aside from that, the rise of EAM has reduced manufacturing costs, and labor costs, aided profitability, and reduced hardware malfunctions. Owing to these advantages, the worldwide enterprise asset management (EAM) market is expected to expand rapidly throughout the forecast period.

The global enterprise asset management market is segmented based on deployment and verticals. Based on deployment, the market is bifurcated into on-premises and cloud-based EAM. The cloud-based segment is anticipated to grow at a significant rate during the forecasted period. Cloud-based EAM enables the organization to collect data manually as well as by the machine which is later stored in the same space. The data stored in the cloud can be future used to design and provide better EAM services.

The global enterprise asset management market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. The North American region is anticipated to be the fastest-growing region in the cable management market owing to the presence of well-developed IT infrastructure in the region. The US is the major country in North America and is expected to dominate during the forecast period. Moreover, the presence of major market players in the region and the high penetration of cloud-based services further give a boost to the regional growth of the market.

The major companies serving the global enterprise asset management market include IBM Corp., Oracle Corp., SAP SE, and ABB Group. The companies are focusing on product innovations, expansions, mergers & acquisitions, and finding a new market or innovation in their core competency to expand individual market share. For instance, Trimble expanded its digital asset and infrastructure management solutions portfolio by acquiring Azteca Systems LLC (City works), an enterprise asset management software supplier for utilities and local government facilities, in October 2019. The goal of this acquisition was to create a digital platform with real-time asset intelligence, workflows, and analytics to help governments and utilities prioritize infrastructure maintenance and development projects.

Research Methodology

The market study of the global enterprise asset management market is incorporated by extensive primary and secondary research conducted by the research team at research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Global EAM Market Research and Analysis by Deployment.
2. Global EAM Market Research and Analysis by Verticals.

The Report Covers

• Comprehensive research methodology of the global enterprise asset management market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the enterprise asset management market.
• Insights about market determinants that are stimulating the global enterprise asset management market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.