Enterprise Asset Management Market by Organization Size (Large Enterprises, Small & Medium-Sized Enterprises), Component (Services, Solutions), Deployment Model, Vertical, Application - Global Forecast 2024-2030

Enterprise Asset Management Market by Organization Size (Large Enterprises, Small & Medium-Sized Enterprises), Component (Services, Solutions), Deployment Model, Vertical, Application - Global Forecast 2024-2030

The Enterprise Asset Management Market size was estimated at USD 4.43 billion in 2023 and expected to reach USD 4.85 billion in 2024, at a CAGR 9.67% to reach USD 8.46 billion by 2030.

The asset management landscape seems to be emerging faster globally than firms’ ability to operationally accommodate, embedding pressure on firms to implement flexible, scalable operations and technology. Enterprise asset management systems and software offer a broad range of robust features to manage, track and get insights into your asset performance and costs through the entire asset lifecycle. Enterprise asset management systems have come a long way and were initially designed as simple as asset-tracking tools. Currently, these systems are important applications that can use real-time data, connect with devices and provide advanced analytics to engineers and operators. In addition, cloud hosting, standardized web APIs, and conducting maintenance and audits via phones and tablets are standard features of modern asset management solutions. Moreover, asset-intensive industrial manufacturers such as oil & gas, construction, manufacturing, airlines, and utilities make considerable investments in equipment and assets, which becomes essential to manage and monitor these assets effectively. The market players are becoming more aware of the issues caused by frequent work disruptions due to equipment downtime, complex supply chains with numerous non-value-added activities, and lead time occurring during equipment maintenance or repairs. Technologies that can offer services that optimize workflows and supply chain operations are gaining popularity, and vendors are leaning toward investing in asset management technologies.

Regional Insights

The Americas has a highly developing landscape in the enterprise asset management market owing to the rising adoption of the latest technologies, increasing government investment for developing new technologies, growing advanced infrastructure, proliferating cloud-based deployments, and surging emphasis of organizations on meeting regulatory and compliance standards. Technological advancements by key market players in the region are the primary factor in the market development. The enterprise asset management market in Europe is developing due to the increasing adoption of cutting-edge asset management deployments and technologies such as the Internet of Things (IoT) and predictive analytics by exporters and manufacturers. Increasing the deployment of enterprise asset management in business operations to establish a centralized system that streamlines all industrial processes is expected to create lucrative opportunities for market growth in the region. Asia-Pacific is expected to present significant opportunities for industry expansion owing to the rising focus on the development and integration of digitalization of IT infrastructure in the business.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Enterprise Asset Management Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Enterprise Asset Management Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Enterprise Asset Management Market, highlighting leading vendors and their innovative profiles. These include ABS Group, Accenture PLC, Accruent, LLC, Aptean Group, Arcadis Gen Holdings Limited, AVEVA Group Limited by Schneider Electric SE, CGI Inc., eMaint by Fluke Corporation, Ernst & Young Global Limited, Hexagon AB, Hitachi Vantara LLC, IFS World Operations AB, Infosys Limited, Intel Corporation, International Business Machine Corporation, KloudGin, Inc., Microsoft Corporation, NEXGEN Utility Management Inc., Nuvolo, Oracle Corporation, Planon International B.V., Pragma, Ramco Systems Ltd., RFgen Software by DataMAX Software Group, Inc., Rizing Holdings. LLC by Wipro Limited, SAP SE, ServiceNow, Inc., Tata Consultancy Services Limited, Trapeze Group, Tyler Technologies, Inc., and UpKeep Technologies, Inc..

Market Segmentation & Coverage

This research report categorizes the Enterprise Asset Management Market to forecast the revenues and analyze trends in each of the following sub-markets:

Organization Size
Large Enterprises

Small & Medium-Sized Enterprises
Component
Services

Solutions
Deployment Model
Cloud

On-Premises
Vertical
Education

Energy & Utilities

Government & Public Sector

Healthcare & Life Sciences

IT & Telecommunications

Manufacturing

Transportation & Logistics
Application
Asset Lifecycle Management

Facility Management

Inventory Management

Labor Management

Predictive Maintenance

Work Order Management
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas

Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam

Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Enterprise Asset Management Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Enterprise Asset Management Market?
3. What are the technology trends and regulatory frameworks in the Enterprise Asset Management Market?
4. What is the market share of the leading vendors in the Enterprise Asset Management Market?
5. Which modes and strategic moves are suitable for entering the Enterprise Asset Management Market?PDF E-mail From Publisher (2-5)Users License Show more