European Enterprise Asset Management Market Size, Growth, Trends, Share, Forecast 2020-2026

European EAM market is estimated to grow significantly at a CAGR of around 10.3% during the forecast period. The market in Europe is primarily driven by the growing application of EAM software in various verticals such as BFSI, energy & utility healthcare, government, IT & telecom and others. The growing trend towards cloud-based EAM software by enterprises is one of the major factors encouraging the growth of the market.

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Large storage space is required to store the commercial data generated by the large as well as small & medium-sized enterprises. Cloud-based EAM can provide a solution as the data is stored on servers. The cloud services can provide flexibility and scalability of their business performance and lower the cost of operations. Further, with the increasing amount of data generated through IoT, many enterprises have shifted their data to the cloud storage by choosing cloud service providers.

The European EAM market is segmented on the basis of deployment and vertical. Based on deployment, the market is bifurcated into on-premise and cloud-based EAM solutions. Among these, on-premise EAM solutions held the highest market share in 2019. Energy and utilities, government and defense, manufacturing, transportation, and logistics industry mostly prefer on-premise EAM solutions as this solution is more customizable as compared to cloud-based EAM, thus, it fulfills the requirements of all end-users.

Further, on-premise EAM solutions may also be less vulnerable to global cyber threats as on-premise EAM set-up is support by experienced IT professionals, hence, the data security can be handled internally. Based on vertical, the market is segmented into BFSI, retail, energy and utility, healthcare, government, IT & telecom, and others (manufacturing, transportation, metal and mining, machinery, and construction).

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European EAM Market Segmentation

By Deployment
• On-premises
• Cloud-Based

By Verticals
• Banking, Financial Services and Insurance (BFSI)
• Energy & Power
• Healthcare
• Government & Utilities
• IT & Telecom
• Others

Company Profiles
• ABB Ltd.
• ABS Group
• AVEVA Group PLC
• Carl International SA
• IFS AB
• IBM Corp.
• Microsoft Corp.
• Oracle Corp.
• SAP SE
• Ultimo Software Solutions BV

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