Enterprise Asset Management Market 2018 Global Industry Analysis by Top Players: infor, IBM, Oracle Corporation, Schneider Electric, AssetWorks, IFS AB, ABB Group, Mintek Mobile Data Solutions

Market Highlights:

Enterprise Asset Management is term used for software which supports the personals to view and manage the company owned assets holistically. As the organizations start expanding, they need a system which keeps the record of their asset and helps to manage them. This is the main factor which is driving the market of Enterprise Asset Management Software and as the world economy is growing, it is expected that the global market of EAM will grow subsequently. Global Enterprise Asset Management Software has been valued at US ~$4 billion which is expected to grow at US ~$8 billion by the end of forecast period with CAGR of ~11%.

The brisk development in industrialization is inducing demand for integrated and centralized solutions for asset management, leading to the expansion of the global enterprise asset management market during the forecast period. The features of enterprise asset management or EAM such as it optimizes the productivity by increasing the asset’s lifecycle in an organization and lowers the maintenance and procurement cost, are creating a broad pathway for the expansion of the global enterprise asset management market.

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Key Players

Infor (U.S.),
IBM (U.S.),
Oracle Corporation (U.S.),
Schneider Electric (France),
AssetWorks LLC (U.S.),
IFS AB (Sweden),
ABB Group (Switzerland),
SAP SE (Germany),
Mintek Mobile Data Solutions (U.S.), Ramco Systems (India) among others.

According to MRFR, The Global Enterprise Asset Management Software Market has been valued at US ~$4 billion which is expected to grow at US ~$8 billion by the end of forecast period with CAGR of ~11%.

Competitive Analysis:
The competitive edge of the global enterprise asset management market is being maintained by the introduction of new technological updates and strategic mergers and acquisitions among the players in the global EAM market.
In June 2018, Vienna House, an independent European hotel group, has collaborated with Infor (U.S), a leading enterprise asset management service provider, in order to pursue its digitization strategy by deploying Infor’s hospitality management solution (HMS) at its 35 properties. The addition of this product marks as third Infor solution to be implemented by the Vienna House.

Segments:

The global enterprise asset management market has been segmented on the basis of deployment, organization type, and application verticals. Based on deployment, the EAM market is segmented into on-cloud and on-premise. The on-cloud segment is anticipated to grow at the fastest rate due to increasing preference of cloud-based solutions on a global level.
Based on organization type, the global EAM market has been segmented into SMEs and large organizations. Among these two, the SMEs segment is anticipated to expand rapidly due to the increased adoption of enterprise asset management solutions by SMEs as the demand for skilled workforce and domain-specific technical personnel is increasing.

Based on application verticals, the global enterprise asset management market are segmented into government, manufacturing, healthcare, transportation, oil and gas, aerospace and defense, and others. Among these, the government application segment is anticipated to account for the largest market share in the global EAM market during the forecast period due to the wide range of application enterprise asset management in various government sectors.

Regional Analysis

The global enterprise asset management market has been segmented into four major regions such as North America, Europe, Asia-Pacific (APAC) and the rest of the world. Among these regions, the North America region is anticipated to account for the largest market share in the global enterprise asset management market due to the rapid adoption of EAM solutions by the organizations and the strong economic conditions in this region. The Europe region stands second in terms of market shares after North America. Whereas, the Asia-Pacific region is anticipated to project the fastest growth in the global enterprise asset management market due to the improving economic conditions in the developing countries of this region.

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Intended Audience
• Enterprise Asset Management Software Providers
• SMEs and Large Enterprise Asset Management Organization
• Training and Education Service Providers
• Enterprise Asset Management Vendors
• Construction Companies
• Cloud Service Providers
• Network Service Providers
• Support and Maintenance Service Providers

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