Enterprise Asset Management Market worth $8.46 billion by 2030, growing at a CAGR of 9.67% - Exclusive Report by 360iResearch

The "Enterprise Asset Management Market by Component (Services, Solutions), Function (Asset Lifecycle Management, Facility Management, Inventory Management), Vertical, Deployment Model, Organization Size - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Enterprise Asset Management Market to grow from USD 4.43 billion in 2023 to USD 8.46 billion by 2030, at a CAGR of 9.67%.

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Enterprise asset management (EAM) is a comprehensive combination of services and software to manage a company's physical assets throughout their life cycles to maximize their value. It involves the efficient and sustainable oversight of an organization's physical assets and infrastructure, including their design, construction, operation, maintenance, and replacement. EAM encompasses various assets, from machinery and production equipment to vehicles, buildings, and land. Meanwhile, the growing need for digital transformation in large, small, and medium-sized enterprises (SMEs) has bolstered the demand for EAM. However, the concerns associated with privacy and security and the implementation of EAM are significant challenges providers and operators face. Companies catalyze business growth by simplifying the deployment of EAM solutions and enhancing the user experience. Developing cost-effective, modular solutions and leveraging machine learning for more innovative maintenance scheduling and resource allocation are prime areas for advancement. Moreover, adopting AI for predictive analytics, using drones for asset inspection, and implementing blockchain for secure asset transactions represent significant potential for innovation. The shift towards sustainability and the circular economy also presents avenues for EAM systems to integrate with environmental management and reporting functions.

In the Americas, a strong focus on asset lifecycle management and the incorporation of IoT in organizations drive more competent asset management in this region. The United States exhibits a high demand for asset management, trending toward integrating EAM systems with AI and predictive maintenance tools. Technological advancements by key market players in the region are the primary factor in the market development. On the other hand, the European Union (EU) presents a diverse market, with EU countries paying special attention to regulations such as the General Data Protection Regulation (GDPR), which affects data management processes within EAM systems. There is also an increased focus on environmental sustainability, pushing for EAM solutions to manage and report on energy efficiency and carbon footprints. Moreover, the growth of the EAM market in the Asia Pacific region is propelled by rapid urbanization and industrialization, especially in China, Japan, and India. Customers are increasingly adopting EAM to upgrade from traditional maintenance management methods to more efficient and data-driven asset management approaches. Asia-Pacific presents significant opportunities for industry expansion owing to the rising focus on the development and integration of digitalization of IT infrastructure in the business.

Market Segmentation & Coverage:

This research report categorizes the Enterprise Asset Management Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Component, market is studied across Services and Solutions. The Solutions is projected to witness significant market share during forecast period.

Based on Function, market is studied across Asset Lifecycle Management, Facility Management, Inventory Management, Labor Management, Predictive Maintenance, and Work Order Management. The Asset Lifecycle Management is projected to witness significant market share during forecast period.

Based on Vertical, market is studied across Education, Energy & Utilities, Government & Public Sector, Healthcare & Life Sciences, IT & Telecommunications, Manufacturing, and Transportation & Logistics. The Manufacturing is projected to witness significant market share during forecast period.

Based on Deployment Model, market is studied across Cloud and On-Premises. The On-Premises is projected to witness significant market share during forecast period.

Based on Organization Size, market is studied across Large Enterprises and Small & Medium-Sized Enterprises. The Large Enterprises is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.34% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Enterprise Asset Management Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Enterprise Asset Management Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Enterprise Asset Management Market, highlighting leading vendors and their innovative profiles. These include ABS Group, Accruent, LLC, Aptean Group, Arcadis Gen Holdings Limited, AVEVA Group Limited by Schneider Electric SE, CGI Inc., eMaint by Fluke Corporation, Ernst & Young Global Limited, Hexagon AB, Hitachi Vantara LLC, IFS World Operations AB, Infosys Limited, Intel Corporation, International Business Machine Corporation, KloudGin, Inc., Microsoft Corporation, NEXGEN Utility Management Inc., Nuvolo, Oracle Corporation, Planon International B.V., Pragma, Ramco Systems Ltd., RFgen Software by DataMAX Software Group, Inc., Rizing Holdings. LLC by Wipro Limited, SAP SE, ServiceNow, Inc., Tata Consultancy Services Limited, Trapeze Group, Tyler Technologies, Inc., and UpKeep Technologies, Inc..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Enterprise Asset Management Market, by Component
7. Enterprise Asset Management Market, by Function
8. Enterprise Asset Management Market, by Vertical
9. Enterprise Asset Management Market, by Deployment Model
10. Enterprise Asset Management Market, by Organization Size
11. Americas Enterprise Asset Management Market
12. Asia-Pacific Enterprise Asset Management Market
13. Europe, Middle East & Africa Enterprise Asset Management Market
14. Competitive Landscape
15. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Enterprise Asset Management Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Enterprise Asset Management Market?
3. What is the competitive strategic window for opportunities in the Enterprise Asset Management Market?
4. What are the technology trends and regulatory frameworks in the Enterprise Asset Management Market?
5. What is the market share of the leading vendors in the Enterprise Asset Management Market?
6. What modes and strategic moves are considered suitable for entering the Enterprise Asset Management Market?

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