Enterprise Asset Management Software Market: Solutions to Improve Business Operations through Better Asset Reliability, Availability and Asset Utilization

Market Overview

Enterprise Asset Management (EAM) is specially designed to enable the ease in management of assets for organizations across various business units, departments, services and geographical locations. EAM includes design, commissioning, construction, operation and maintenance, and replacement of plant and equipment. Enterprise asset management solutions facilitate enterprises to integrate techniques for optimization and historical control throughout asset lifecycle (design, operation and replacement etc.). EAM can be categorized into IT service management, physical asset and infrastructure management, digital asset management, emerging asset management and fixed asset management and accounting. EAM solutions improve business operations through better asset reliability, availability and asset utilization. In addition, these solutions collect, consolidate and analyze all the crucial information on all types of assets in organizations. Enterprise asset management addresses all types of assets, varying from strategic or critical physical assets to human assets. Physical assets include plant and production, infrastructure, transportation, and real estate and facilities. Human assets include personnel expertise, motivation, and roles and responsibilities.

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Market Highlights:

Enterprise asset management framework extends and optimizes organization’s asset life cycle and reduces cost of ownership, which is driving the growth of this market. In addition, EAM solutions enable enterprises to administer aging infrastructure, facilitate asset tracking and increase return on asset (RoA). These factors altogether are expected to fuel the growth of enterprise asset management market over the forecast period. However, enterprise asset management systems require a lot of quality data to track and analyze the implementation of business processes. Inputting the data in EAM system manually using conventional paper forms often becomes too expensive for organizations. This, in turn, reduces the adoption of EAM solutions in organizations.

Top Industry Players:

Global Enterprise Asset Management (EAM) Software market competition by top manufacturers/players, with Enterprise Asset Management (EAM) Software volume, Price (USD/Unit), revenue (Million USD) and market share for each manufacturer/player; the top players including: IBM, Oracle, Infor, SAP, Assetworks, Genesis Technology, ABB (Ellipse), Maintenance, Emaint, Schneider Electric, Real Asset Management, Dude Solutions, IFS, FasTrak, Fiix, Eagle Technology, MAPCON, MPulse, AssetPoint, MicroMain, SoftSols Group, UpKeep, AgileAssets.

Key Benefits

• Quantitative analysis of the current trends and forecast from 2018 to 2023 are provided to showcase the Enterprise Asset Management (EAM) Software of the market.
• The study provides an in-depth analysis of the global water purifier market with current and future trends to elucidate the prominent investment pockets for investors.
• Current and future trends are outlined to determine the overall attractiveness and to single out profitable trends to gain a stronger foothold in the market.
• The report provides information regarding key drivers, restraints, and opportunities with impact analysis.
• Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain.
• Porters Five Force model of the industry and SWOT analysis illustrates the potency of the buyers & suppliers participating in the market and the competitive rivalry among them.

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Market Segments

Product Type Coverage (Market Size & Forecast, Major Company of Product Type etc.):
• Cloud-based
• Web-based
• On-Premises

Application Coverage (Market Size & Forecast, Different Demand Market by Region, Main Consumer Profile etc.):
• Small Businesses
• Midsized Businesses
• Large Businesses

Region Coverage (Regional Output, Demand & Forecast by Countries etc.):
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
• Asia-Pacific (China, India, Japan, Southeast Asia etc.)
• South America (Brazil, Argentina etc.)
• Middle East & Africa (Saudi Arabia, South Africa etc.)

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