Enterprise Asset Management Market Market By Comonent (Solution,Services), By Deployment Model (On-premises,Cloud), By Organization Size (SME's,Large Enterprises), By Application (Asset Lifecycle Management,Inventory Management,Work Order Managenent,Labor Management,Predictive Maintenance,Others), By Industry Vertical (Energy and Utilities,Transportation and Logistics,Government,IT and Telecommunications,Manufacturing,Healthcare,Education,Others), and Region: Global Opportunity Analysis and Industry Forecast, 2020-2030
Enterprise asset management (EAM) is a combination of software, systems, and services used to maintain and control operational assets and equipment. The aim is to optimize the quality and utilization of assets throughout their lifecycle, increase productive uptime, and reduce operational costs. EAM involves work management, asset maintenance, planning & scheduling, supply chain management & environmental, and health & safety (EHS) initiatives.
EAM is critical for companies that need to get the most from their physical assets across the entire asset lifecycle, thus boosting the growth of the global EAM market. In addition, the software helps organizations monitor, manage, and report on the state of all their critical assets so they can be proactive about problem-solving and do not increase operational costs because of avoidable issues. This factor positively impacts the growth of the market. However, huge requirement of professionals and high dependency on data, lack of experienced professionals hamper the market growth. On the contrary, surge in deployment of EAM by enterprises is expected to offer remunerative opportunities for expansion of the market during the forecast period.
The global EAM market is segmented into component, deployment model, enterprise size, application, industry vertical, and region. Depending on component, the market is bifurcated into solutions and services. By deployment model, it is classified into on-premise and cloud. On the basis of enterprise size, it is segregated into large enterprises and small - & medium-sized enterprises. According to application, it is categorized into asset lifecycle management, predictive maintenance, facility management, inventory management, labor management, work order management, and others. As per industry vertical, it is fragmented into energy & utility, transportation & logistics, manufacturing, healthcare & life science, government & public sector, education, IT & telecommunications, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players that operate in the enterprise asset management market are ABB Ltd., AssetsWorks, LLC, CGI Group Inc., IFS, International Business Machine Corporation, Infor, Oracle Corporation, SAP SE, SSG Insights, and UpKeep Technologies, Inc.
KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the global enterprise asset management market forecast along with the current & future trends to explain the imminent investment pockets.
Information about key drivers, restraints, & opportunities and their impact analysis on global enterprise asset management market trends is provided in the report.
The Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
The quantitative analysis of the market from 2021 to 2031 is provided to determine the market potential.
Key Market Segments
By Deployment Model
By Organization Size
Asset Lifecycle Management
Work Order Managenent
By Industry Vertical
Energy and Utilities
Transportation and Logistics
IT and Telecommunications
Rest of Europe
Rest of Asia Pacific
Key Market Players
Intelligent Process Solutions
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