What are the factors which will promote growth of the Enterprise Asset Management market?

Market Overview and Impact of COVID-19: Enterprise Asset Management (EAM) solutions facilitate optimization and control of an asset throughout its lifecycles, such as designs, operation, and replacement. These solutions improve business operations through better asset reliability, availability, and utilization. Ease of collection, consolidation, and analysis of physical or human assets is bolstering the market growth. Physical assets include plant and production, infrastructure, transportation, and facilities, whereas human assets include personnel expertise, motivation, and roles and responsibilities.

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The Major Players Covered in this Report: Oracle, IFS, Infor, IBM, SAP, ABB, Intelligent Process Solutions (IPS), Schneider Electric, Aptean, CGI Inc., Rfgen Software, AssetWorks, LLC, Ultimo Software Solutions, Mainsaver, Inc., Ramco Systems, SwainSmith, Inc., & more...

Component
Solution
Service

Deployment
On-Premise
Cloud

Vertical
Energy and Utility
Manufacturing
Healthcare and Life Sciences
Transportation and Logistics
Public Administration
Retail
IT and Telecom
Oil and gas
Others

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Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Enterprise Asset Management in the APAC Region:
Asia-Pacific region is anticipated to hold the largest market share in the global Enterprise Asset Management market during the forecast period 2020-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia.

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Recent Developments:
In July 2020, IBM, along with Adobe and Red Hat, announced a strategic partnership to help accelerate digital transformation and strengthen real-time data security for enterprises.The partnership is intended to enable companies to deliver more personalized experiences across the customer journey, driving improved engagement, profitability, and loyalty
In February 2020, Infor acquired Intelligent InSites Inc., a leading healthcare software and services provider leveraging location-based intelligence from real-time location systems (RTLS). This acquisition enables Infor to offer an expanded suite of technology for healthcare organizations enabling support across the continuum of care including clinics, urgent care, emergency departments, inpatient care, procedural care, and behavioral health
In December 2019, IFS acquired 100% shares of global software company Astea International. The acquisition will enable the combined company to serve more customers in more markets, through a broader network of partners

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