Enterprise Asset Management Market by Component (Solution, Services), Deployment (On-premises, Cloud-based), Organization Size (Small and Medium-sized Enterprises, Large Enterprises), Application (Asset Lifecycle Management, Inventory Management, Work Order Management, Labor Management, Predictive Maintenance, and Others), Industry Vertical (Manufacturing, Transportation and Logistics, Government, IT and Telecommunications, Energy and Utilities, Healthcare, Education, and Others), and Region 2024-2032

Enterprise Asset Management Market by Component (Solution, Services), Deployment (On-premises, Cloud-based), Organization Size (Small and Medium-sized Enterprises, Large Enterprises), Application (Asset Lifecycle Management, Inventory Management, Work Order Management, Labor Management, Predictive Maintenance, and Others), Industry Vertical (Manufacturing, Transportation and Logistics, Government, IT and Telecommunications, Energy and Utilities, Healthcare, Education, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A7040
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Enterprise Asset Management Market Size:

The global enterprise asset management market size reached US$ 5.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 13.7 Billion by 2032, exhibiting a growth rate (CAGR) of 10.05% during 2024-2032. The market is experiencing steady growth driven by the increasing need for enhancing the lifecycle performance of assets, technological advancements, the rapid proliferation of the internet, and the widespread adoption of EAM systems among large enterprises.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 5.8 Billion
Market Forecast in 2032
US$ 13.7 Billion
Market Growth Rate 2024-2032 10.05%

Enterprise Asset Management Market Analysis:

  • Market Growth and Size: The global market is experiencing robust growth, driven by the increasing recognition of the strategic importance of effective asset management across diverse industries. The market size is expanding as organizations seek comprehensive solutions to optimize their asset performance and meet changing regulatory standards.
  • Major Market Drivers: Key drivers include the growing need for operational efficiency, regulatory compliance, and risk mitigation. Organizations are recognizing management as a critical tool to achieve these objectives, driving substantial market growth. Additionally, the integration of advanced technologies like IoT and analytics is a major driver shaping the market landscape.
  • Technological Advancements: Technological advancements, such as the integration of Artificial Intelligence (AI) and Machine Learning (ML) into EAM systems, are transforming asset management practices. These advancements empower organizations with predictive analytics capabilities, enabling proactive decision-making and preventive maintenance strategies.
  • Industry Applications: EAM finds applications across various industries, including manufacturing, energy, healthcare, and transportation. Industries are leveraging EAM solutions to streamline maintenance processes, enhance asset reliability, and optimize resource allocation.
  • Key Market Trends: Key trends include the rising adoption of cloud-based EAM solutions, enabling remote access and real-time collaboration. Additionally, a shift towards mobile EAM applications is enhancing field service management, providing technicians with on-the-go access to critical asset information.
  • Geographical Trends: Geographically, North America is witnessing substantial enterprise asset management market growth, driven by the early adoption of advanced technologies, stringent regulatory requirements, and a focus on achieving operational excellence. The Asia-Pacific region is emerging as a key market with increasing industrialization and a growing awareness of the benefits of EAM solutions.
  • Competitive Landscape: The competitive landscape is characterized by the presence of both established players and emerging startups offering innovative EAM solutions. Market participants are investing in research and development to introduce cutting-edge features and gain a competitive edge.
  • Challenges and Opportunities: Challenges include the complexity of integrating EAM systems into existing workflows and legacy systems. However, this challenge presents opportunities for vendors to provide seamless integration solutions. Additionally, the shortage of skilled personnel in asset management is an industry-wide challenge, opening avenues for training programs and skill development.
  • Future Outlook: The enterprise asset management market forecast appears promising, with sustained growth anticipated, driven by the continuous improvement of technologies, expanding industrial sectors, and the imperative for organizations to achieve operational excellence through effective management solutions. As organizations increasingly recognize the long-term benefits of proactive asset management, the market is expected to witness continued expansion.

Enterprise Asset Management Market Trends:

Optimization of asset performance and maintenance

EAM systems are increasingly adopted to optimize the performance and maintenance of assets within organizations. As industries modernize, there is a growing need for efficient utilization of assets to enhance productivity and reduce downtime. EAM solutions provide tools for organizations to monitor, analyze, and maintain their assets proactively, ensuring optimal performance, minimizing disruptions, and extending the lifespan of critical assets. As organizations strive to enhance productivity and minimize downtime, EAM solutions become indispensable tools. These systems empower organizations to proactively monitor, analyze, and maintain their assets, ensuring optimal performance and mitigating disruptions. By leveraging EAM functionalities, organizations can extend the lifespan of critical assets, reduce operational costs, and enhance overall operational efficiency. The ability of EAM systems to align asset management strategies with organizational goals positions them as crucial components in the pursuit of sustainable and cost-effective operations across various industries.

Regulatory compliance and risk management

The regulatory landscape continues to change, necessitating organizations to adhere to stringent compliance standards and manage associated risks. EAM systems play a crucial role in helping organizations comply with regulations by maintaining accurate records, tracking asset conditions, and ensuring that maintenance activities align with regulatory requirements. This focus on compliance and risk management is a key driver for the adoption of EAM solutions, particularly in industries subject to strict regulatory oversight such as healthcare, energy, and manufacturing. By maintaining accurate records and tracking asset conditions, EAM systems enable organizations to mitigate potential risks associated with asset failures or non-compliance. Moreover, EAM solutions facilitate proactive maintenance activities, ensuring that assets remain in optimal condition and reducing the likelihood of costly downtime or regulatory penalties.

Integration with IoT and advanced analytics

The integration of EAM with the Internet of Things (IoT) and advanced analytics is a significant driving force in the market. IoT sensors and devices are deployed to collect real-time data from assets, enabling organizations to monitor performance, predict potential failures, and optimize maintenance schedules. Advanced analytics tools further enhance decision-making by providing insights into asset health, usage patterns, and overall operational efficiency. The combination of EAM, IoT, and analytics facilitates a data-driven approach to asset management, improving decision accuracy and driving overall efficiency gains for organizations across various sectors. The deployment of IoT sensors and devices allows organizations to gather real-time data from assets, facilitating the monitoring of performance, prediction of potential failures, and optimization of maintenance schedules. This interconnected ecosystem enables a proactive approach to asset management, preventing unforeseen issues and minimizing downtime.

Enterprise Asset Management Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on component, deployment mode, organization size, application, and industry vertical.

Breakup by Component:

  • Solution
  • Services
     

Solution accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the component. This includes solution and services. According to the report, solution represented the largest segment.

The solution component dominates the enterprise asset management market share, representing the majority of the market share. EAM solutions encompass a comprehensive set of software applications designed to manage the entire asset lifecycle. These solutions offer functionalities such as asset tracking, maintenance planning, and performance optimization. Organizations across various industries heavily invest in EAM solutions to enhance operational efficiency, ensure regulatory compliance, and maximize the lifespan of critical assets. The robust features and capabilities of EAM solutions make them integral to effective asset management strategies, driving their prominence within the market.

While essential, the services component complements EAM solutions. EAM services include implementation, consulting, training, and support. Service providers assist organizations in deploying, customizing, and optimizing EAM solutions to align with specific business needs. While representing a vital aspect of the EAM ecosystem, the Services component constitutes a smaller share compared to the Solution component. The combination of robust EAM solutions and tailored services ensures organizations can fully capitalize on the benefits of effective asset management within their operational contexts.

Breakup by Deployment:

  • On-premises
  • Cloud-based
     

On-premises holds the largest share of the industry

A detailed breakup and analysis of the market based on the deployment have also been provided in the report. This includes on-premises and cloud-based. According to the report, on-premises accounted for the largest market share.

On-premises deployment holds the largest share in the enterprise asset management market analysis, signifying a substantial presence of organizations hosting EAM solutions within their infrastructure. This deployment model offers organizations direct control over their EAM systems, catering to specific security and customization requirements. On-premises deployment is favored by industries with stringent data security regulations or those requiring tailored configurations. It ensures seamless integration with existing IT infrastructure, making it a preferred choice for enterprises prioritizing internal control and infrastructure management.

On the other hand, cloud-based deployment is gaining momentum in the EAM landscape, offering flexibility, scalability, and accessibility. Organizations opt for cloud-based EAM solutions to leverage the advantages of remote access, real-time collaboration, and reduced infrastructure maintenance. This deployment model is particularly suitable for businesses seeking cost-effective and agile solutions. Cloud-based EAM enables rapid deployment and automatic updates and facilitates collaboration among geographically dispersed teams. As organizations embrace digital transformation, the cloud-based deployment of EAM systems continues to grow, providing a dynamic and scalable solution for modern asset management needs.

Breakup by Organization Size:

  • Small and Medium-sized Enterprises
  • Large Enterprises
     

Large enterprises represent the leading market segment

The report has provided a detailed breakup and analysis of the market based on the organization size. This includes small and medium-sized enterprises and large enterprises. According to the report, large enterprises represented the largest segment.

Large enterprises stand as the leading market segment in the enterprise asset management market report, harnessing comprehensive EAM solutions to manage extensive and complex asset portfolios. Tailored to meet the scalability and diversity of large enterprise operations, these EAM applications optimize asset performance, reduce downtime, and ensure compliance. Large enterprises benefit from advanced features such as predictive maintenance and sophisticated analytics, enhancing decision-making and operational resilience. The adoption of EAM by large enterprises signifies a commitment to strategic asset management, operational excellence, and sustainable business practices on a significant scale.

Small and medium-sized enterprises constitute a significant market segment within the EAM landscape. SMEs leverage EAM solutions tailored to their scale to enhance asset management, streamline operations, and optimize resource utilization. These solutions empower SMEs to adopt proactive maintenance strategies, ensuring the longevity and reliability of critical assets while adhering to budget constraints. EAM applications for SMEs contribute to efficient asset lifecycle management and cost-effective maintenance practices, fostering competitiveness in dynamic markets.

Breakup by Application:

  • Asset Lifecycle Management
  • Inventory Management
  • Work Order Management
  • Labor Management
  • Predictive Maintenance
  • Others
     

Asset lifecycle management represents the leading market segment

The report has provided a detailed breakup and analysis of the market based on the application. This includes asset lifecycle management, inventory management, work order management, labor management, predictive maintenance, and others. According to the report, asset lifecycle management represented the largest segment.

Asset lifecycle management (ALM) stands out as a primary application. ALM involves the holistic management of assets throughout their entire lifecycle, encompassing planning, acquisition, utilization, maintenance, and disposal. EAM solutions dedicated to ALM enable organizations to effectively track and manage assets from procurement to retirement. These solutions facilitate strategic decision-making regarding asset investments, maintenance strategies, and replacements. By providing a comprehensive view of an asset's journey, ALM applications within EAM contribute to improved efficiency, reduced downtime, and better-informed decision-making. Industries across various sectors, from manufacturing to healthcare, leverage ALM applications to optimize the performance and longevity of critical assets, ensuring a sustainable and cost-effective approach to asset management.

On the other hand, inventory management is a key application within the EAM domain, focused on the efficient tracking, control, and optimization of inventory levels. EAM solutions for Inventory Management play a vital role in ensuring adequate stock levels, reducing carrying costs, and preventing stockouts. By providing real-time visibility into inventory, these applications contribute to streamlined operations and cost-effective inventory control across various industries.

Work order management is a critical application, that facilitates the systematic planning, scheduling, and tracking of maintenance and service tasks. EAM solutions dedicated to work order management streamline the entire work order lifecycle, from creation to completion, optimizing resource allocation and enhancing overall operational efficiency. Industries across diverse sectors leverage these applications to ensure timely and cost-effective execution of maintenance activities, minimizing downtime and maximizing asset performance.

Labor management focuses on the effective planning, allocation, and tracking of workforce resources. EAM solutions dedicated to Labor management streamline labor-intensive processes, enabling organizations to optimize staffing levels, track work hours, and allocate resources efficiently. These applications contribute to enhanced productivity, workforce accountability, and overall operational efficiency across various industries, ensuring that human resources are strategically deployed to support asset maintenance and organizational objectives.

Predictive maintenance leverages advanced analytics and data-driven insights to predict potential asset failures before they occur. EAM solutions for predictive maintenance use condition monitoring, sensor data, and machine learning algorithms to anticipate maintenance needs. By proactively addressing issues, organizations can minimize downtime, extend asset lifecycles, and optimize maintenance schedules. This application is instrumental in enhancing overall asset reliability, reducing operational costs, and fostering a proactive approach to maintenance across various industries.

Breakup by Industry Vertical:

  • Manufacturing
  • Transportation and Logistics
  • Government
  • IT and Telecommunications
  • Energy and Utilities
  • Healthcare
  • Education
  • Others
     

Energy and utilities represent the leading market segment

The report has provided a detailed breakup and analysis of the market based on the industry vertical. This includes manufacturing, transportation and logistics, government, IT and telecommunications, energy and utilities, healthcare, education, and others. According to the report, energy and utilities represented the largest segment.

The energy and utilities sector stands as a prominent and leading market segment in the landscape. Organizations within this industry vertical rely heavily on EAM solutions to optimize the performance and maintenance of critical assets, ranging from power plants to utility infrastructure. EAM systems play a pivotal role in ensuring the reliability, efficiency, and regulatory compliance of assets in the dynamic energy and utilities landscape. From preventive maintenance to asset lifecycle management, EAM solutions enable organizations in the energy and utilities sector to enhance operational resilience, minimize downtime, and meet stringent industry standards. The adoption of EAM in this vertical underscores its strategic importance in managing complex and mission-critical assets essential for delivering reliable energy and utility services.

The manufacturing sector is a key and substantial market segment within the EAM realm. Manufacturing industries leverage EAM solutions to optimize the maintenance, performance, and efficiency of diverse assets, ranging from production machinery to facilities. EAM systems play a crucial role in minimizing downtime, improving asset utilization, and ensuring the seamless operation of manufacturing processes. From tracking equipment health to implementing predictive maintenance strategies, EAM solutions empower manufacturing organizations to enhance productivity and reduce operational costs. The adoption of EAM in the manufacturing sector reflects the industry's commitment to operational excellence, resource optimization, and compliance with stringent quality standards. The integration of EAM in manufacturing processes contributes to streamlined operations and improved overall equipment effectiveness (OEE).

The transportation and logistics sector emerges as a pivotal market segment in the EAM domain. Organizations in this vertical rely on EAM solutions to optimize the performance and maintenance of a diverse range of assets, including vehicles, fleets, and transportation infrastructure. EAM systems play a crucial role in ensuring the reliability and efficiency of transportation assets, minimizing downtime, and enhancing overall operational efficiency. From fleet management to route optimization and maintenance scheduling, EAM solutions empower transportation and logistics companies to improve asset utilization and deliver more streamlined and cost-effective services. The adoption of EAM in this sector underscores the industry's commitment to enhancing asset reliability, compliance, and achieving operational excellence in the dynamic and fast-paced landscape of transportation and logistics.

The government sector represents a significant and diverse market segment within the EAM domain. Government entities at various levels, including federal, state, and local agencies, utilize EAM solutions to manage and maintain a wide array of public assets. These assets can range from public infrastructure such as roads, bridges, and public buildings to fleet vehicles and utilities. EAM systems play a vital role in optimizing asset performance, reducing operational costs, and ensuring the longevity of public assets. From preventive maintenance to compliance management, EAM solutions empower government organizations to enhance the overall quality of public services while efficiently managing public resources. The adoption of EAM in the government sector reflects a commitment to responsible asset management, improved citizen services, and the effective utilization of taxpayer funds for infrastructure and facility maintenance.

The IT and Telecommunications sector stands out as a prominent market segment in the EAM market. In this dynamic industry, organizations leverage EAM solutions to optimize the performance, maintenance, and lifecycle management of a myriad of assets, including network infrastructure, data centers, and telecommunications equipment. EAM systems play a pivotal role in ensuring the reliability and efficiency of critical IT and telecommunication assets, minimizing downtime, and supporting the rapid pace of technological advancements. From managing hardware assets to tracking software licenses and optimizing network performance, EAM solutions empower IT and telecommunications organizations to enhance operational resilience and deliver seamless and reliable services. The adoption of EAM in this sector reflects a commitment to efficient asset management, compliance with industry regulations, and the delivery of robust and reliable IT and telecommunication services.

The healthcare sector emerges as a crucial market segment. In healthcare facilities, EAM solutions play a pivotal role in managing and maintaining a diverse range of assets, including medical equipment, facilities, and critical infrastructure. EAM systems contribute to ensuring the reliability and efficiency of healthcare assets, minimizing downtime, and adhering to stringent regulatory standards. From preventive maintenance of medical devices to managing facility assets, EAM solutions empower healthcare organizations to enhance patient care, streamline operations, and optimize resource utilization. The adoption of EAM in the healthcare sector signifies a commitment to operational excellence, compliance with healthcare regulations, and the delivery of high-quality patient services through the effective management of healthcare assets.

The education sector is an increasingly significant market segment. Educational institutions, from schools to universities, leverage EAM solutions to manage and maintain a wide range of assets, including facilities, IT equipment, and educational resources. EAM systems play a crucial role in optimizing the performance and lifecycle management of assets, ensuring a conducive learning environment, and minimizing disruptions. From managing maintenance schedules for educational facilities to tracking and maintaining IT infrastructure, EAM solutions empower educational institutions to enhance operational efficiency and provide a seamless learning experience. The adoption of EAM in the education sector reflects a commitment to effective asset management, improved educational outcomes, and the efficient utilization of resources in an environment focused on learning and development.

Breakup by Region:

  • North America
    • United States
    • Canada
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

North America leads the market, accounting for the largest enterprise asset management market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share.

North America plays a pivotal role in propelling the market forward, emerging as a major driving force. The region's dominance is attributed to its technologically advanced landscape, fostering early adoption of EAM solutions. Organizations in North America prioritize operational efficiency and compliance with stringent regulations, amplifying the demand for EAM systems. Additionally, the integration of EAM with cutting-edge technologies like the Internet of Things (IoT) has gained substantial traction. Industries across various sectors, including manufacturing, energy, and healthcare, are increasingly recognizing the strategic importance of EAM in optimizing asset performance. The region's proactive approach towards embracing innovative solutions cements North America's position as a key contributor to the dynamic growth of the global EAM market.

In Europe, the market is thriving due to a combination of factors that underscore the region's commitment to operational excellence and sustainability. Stringent regulatory frameworks and a strong emphasis on environmental responsibility have driven organizations in Europe to adopt EAM solutions. The manufacturing and energy sectors, in particular, have witnessed widespread integration of EAM systems to enhance asset performance, minimize downtime, and ensure compliance. Furthermore, the region's focus on achieving a circular economy and reducing environmental impact aligns with the capabilities of EAM solutions. Europe's proactive stance towards sustainable and efficient asset management positions it as a key driver in the global EAM market, contributing significantly to technological advancements and industry best practices.

In the Asia Pacific region, the market is experiencing substantial growth driven by rapid industrialization, escalating infrastructure investments, and an increasing awareness of the transformative benefits offered by EAM solutions. As countries in the region undergo significant economic development, industries are recognizing the pivotal role of EAM in optimizing asset performance, reducing operational costs, and ensuring regulatory compliance. The burgeoning adoption of EAM is particularly evident in sectors such as manufacturing, utilities, and transportation. Asia Pacific's dynamic business landscape, characterized by changing technology trends and a focus on efficiency, positions the region as a key contributor to the expanding global EAM market. The proactive integration of EAM into diverse industries across Asia Pacific signifies a strategic move towards enhancing operational resilience and staying competitive in the changing business environment.

In Latin America, the market is witnessing noteworthy growth as organizations across various sectors increasingly recognize the strategic advantages of adopting EAM solutions. The region's emphasis on operational efficiency, compliance, and cost-effectiveness has fueled the uptake of EAM systems. Industries such as oil and gas, manufacturing, and utilities are leveraging EAM to optimize asset performance, enhance maintenance practices, and ensure regulatory adherence. Latin America's economic expansion, coupled with a growing awareness of technology's role in asset management, contributes to the rising demand for EAM solutions. The region's proactive approach towards modernizing operational practices and improving asset reliability positions Latin America as a significant player in the global EAM market, contributing to advancements in asset management strategies and technological innovation.

In the Middle East and Africa (MEA), the market is experiencing notable growth driven by infrastructure development initiatives and a heightened need for efficient asset management practices. The MEA region, with its diverse industries such as oil and gas, utilities, and construction, has recognized the critical role of EAM in optimizing asset lifecycles and ensuring operational resilience. The oil and gas sector, in particular, leverages EAM solutions to enhance maintenance strategies and maximize the lifespan of critical assets. As the region continues to invest in expanding its infrastructure, the demand for EAM systems is on the rise. The adoption of EAM in MEA reflects a commitment to improving operational efficiency, reducing downtime, and adhering to stringent regulatory requirements, positioning the region as a key contributor to the global EAM market.

Leading Key Players in the Enterprise Asset Management Industry:

The key players in the market are driving growth through strategic initiatives that focus on innovation, partnerships, and global expansion. These companies continuously invest in research and development to introduce cutting-edge EAM solutions, incorporating advanced technologies like Artificial Intelligence (AI), the Internet of Things (IoT), and predictive analytics. Collaborations and partnerships with technology providers, industry leaders, and regional players allow key players to broaden their product portfolios and extend their market reach. Moreover, key players are actively engaging in mergers and acquisitions to enhance their technological capabilities and gain a competitive edge. Recognizing the growing importance of EAM in optimizing operations and ensuring regulatory compliance, these industry leaders are also providing customized solutions tailored to specific industry needs, further propelling market growth. As they navigate the changing landscape of asset management, key players play a crucial role in shaping the trajectory of the EAM market by pioneering advancements and meeting the dynamic demands of diverse industries.

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

  • Aptean Inc.
  • Asset Infinity
  • Asset Panda
  • AVEVA Group plc (Schneider Electric SE)
  • IFS AB
  • International Business Machines Corporation
  • IPS Intelligent Process Solutions GmbH
  • SAP SE
  • UpKeep Technologies Inc.
     

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Latest News:

  • June 1, 2023: Aptean Inc. announced the acquisition of TOTALogistix, a leading provider of cloud-based transportation management systems (TMS) to manufacturers, retailers, and distributors in North America.
  • April 18, 2023: Asset Infinity announced its goal to help more than 1000 large-scale operations manage their assets using Radio Frequency Identification (RFID) technology in 2023.
  • March 7, 2023: Asset Panda announced that the company achieved SOC 2 Type II compliance.

Enterprise Asset Management Market Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Scope of the Report Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
  • Component
  • Deployment
  • Organization Size
  • Application
  • Industry Vertical
  • Region
Components Covered Solution, Services
Deployments Covered On-premises, Cloud-based
Organization Sizes Covered Small and Medium-sized Enterprises, Large Enterprises
Applications Covered Asset Lifecycle Management, Inventory Management, Work Order Management, Labor Management, Predictive Maintenance, Others
Industry Verticals Covered Manufacturing, Transportation and Logistics, Government, IT and Telecommunications, Energy and Utilities, Healthcare, Education, Others
Regions Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Aptean Inc., Asset Infinity, Asset Panda, AVEVA Group plc (Schneider Electric SE), IFS AB, International Business Machines Corporation, IPS Intelligent Process Solutions GmbH, SAP SE, UpKeep Technologies Inc., etc.

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Benefits for Stakeholders:

  • IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the enterprise asset management market from 2018-2032.
  • The research report provides the latest information on the market drivers, challenges, and opportunities in the global enterprise asset management market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the enterprise asset management industry and its attractiveness.
  • The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.

Key Questions Answered in This Report

The global enterprise asset management market was valued at US$ 5.8 Billion in 2023.

We expect the global enterprise asset management market to exhibit a CAGR of 10.05% during 2024-2032.

The growing integration of the Internet of Things (IoT) with enterprise asset management, as it aids to improve asset tracking, maintenance, and performance and collect real-time data, is primarily driving the global enterprise asset management market.

The sudden outbreak of the COVID-19 pandemic has led to the rising adoption of enterprise asset management solutions to safeguard employee well-being and maintain operational efficiency, during the remote working scenario.

Based on the component, the global enterprise asset management market can be segmented into solution and services. Currently, solution holds the majority of the total market share.

Based on the deployment, the global enterprise asset management market has been divided into on-premises and cloud-based, where on-premises currently exhibit a clear dominance in the market.

Based on the organization size, the global enterprise asset management market can be categorized into small and medium-sized enterprises and large enterprises. Currently, large enterprises account for the majority of the global market share.

Based on the application, the global enterprise asset management market has been segregated into asset lifecycle management, inventory management, work order management, labor management, predictive maintenance, and others. Among these, asset lifecycle management currently holds the largest market share.

Based on the industry vertical, the global enterprise asset management market can be bifurcated into manufacturing, transportation and logistics, government, IT and telecommunications, energy and utilities, healthcare, education, and others. Currently, energy and utilities exhibit a clear dominance in the market.

On a regional level, the market has been classified into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global enterprise asset management market include Aptean Inc., Asset Infinity, Asset Panda, AVEVA Group plc (Schneider Electric SE), IFS AB, International Business Machines Corporation, IPS Intelligent Process Solutions GmbH, SAP SE, UpKeep Technologies Inc., etc.

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Enterprise Asset Management Market by Component (Solution, Services), Deployment (On-premises, Cloud-based), Organization Size (Small and Medium-sized Enterprises, Large Enterprises), Application (Asset Lifecycle Management, Inventory Management, Work Order Management, Labor Management, Predictive Maintenance, and Others), Industry Vertical (Manufacturing, Transportation and Logistics, Government, IT and Telecommunications, Energy and Utilities, Healthcare, Education, and Others), and Region 2024-2032
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