Global Engineering Information Management (EIM) Solutions Market Expected to Reach USD 21.79 Billion by 2032, Boosted by Increasing Digitalization and Demand for Efficient Data Management

The Global Engineering Information Management (EIM) Solutions Market, valued at USD 8.61 Billion in 2023, is expected to grow to an impressive USD 21.79 Billion by 2032, marking a Compound Annual Growth Rate (CAGR) of 10.87% over the period from 2024 to 2032, according to a report by Dataintelo. Acceleration is projected to be driven by increasing demand for efficient data management across various engineering sectors, coupled with the growing tide of digitalization globally.

The ongoing growth of digitalization is set to be a significant factor fuelling the rise of the EIM solutions market. In an increasingly digital world, the use of cloud-based systems is becoming more prevalent. These systems enable real-time collaboration between teams, regardless of their geographical locations. The EIM solutions assuage this process by offering a centralized repository for all engineering information. This rise in digitalization is anticipated to thrust the market forward.

EIM solutions play a vital role in a broad range of industries, including the automotive, construction, oil & gas, and aerospace & defense sectors, among others. These solutions automate and streamline the management of engineering data and documents, reducing manual tasks and enhancing efficiency. Furthermore, EIM solutions empower organizations with the ability to make informed, data-driven decisions by efficiently analyzing and visualizing their engineering data. The combination of these benefits is projected to increase the demand for EIM solutions in the years ahead

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://dataintelo.com/request-sample/475759

𝐓𝐡𝐢𝐬 𝐢𝐬 𝐨𝐧𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐧𝐝 𝐜𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐬:

The 𝐞𝐧𝐠𝐢𝐧𝐞𝐞𝐫𝐢𝐧𝐠 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐦𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 (𝐄𝐈𝐌) 𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 has been segmented on the basis of𝐓𝐲𝐩𝐞
● Software
● Services

𝐃𝐞𝐩𝐥𝐨𝐲𝐦𝐞𝐧𝐭 𝐌𝐨𝐝𝐞
● On-premise
● Cloud-based

𝐄𝐧𝐭𝐞𝐫𝐩𝐫𝐢𝐬𝐞 𝐒𝐢𝐳𝐞
● Small and Medium Enterprises
● Large Enterprises

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐕𝐞𝐫𝐭𝐢𝐜𝐚𝐥
● Automotive
● Construction
● Oil & Gas
● Aerospace & Defense
● Electronics & Semiconductors
● Others

𝐑𝐞𝐠𝐢𝐨𝐧
● Asia Pacific
● North America
● Latin America
● Europe
● Middle East & Africa

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
● AECOM
● Autodesk, Inc.
● 𝐀𝐕𝐄𝐕𝐀 𝐆𝐫𝐨𝐮𝐩 𝐋𝐢𝐦𝐢𝐭𝐞𝐝
● Bentley Systems, Incorporated
● 𝐃𝐚𝐬𝐬𝐚𝐮𝐥𝐭 𝐒𝐲𝐬𝐭𝐞𝐦𝐞𝐬
● IBM Corporation
● Informatica Inc.
● Oracle Corporation
● SAP SE
● Siemens AG
● Trimble Inc.

Segment Analysis:

The Engineering Information Management (EIM) solutions market can be broken down into various segments like type, deployment mode, enterprise size, industry vertical and region. When considering type, this market consists of EIM solutions in the form of software and services. In software, the demand for effective archival and retrieval of complex engineering data is propelling the growth of the market, while services segment, such as consulting, implementation, training and support services are also witnessing a surge in demand owing to the need for seamless operation and maintenance of EIM solutions. On the basis of deployment mode, the market is bifurcated into on-premise and cloud-based solutions. The cloud-based deployment mode is gaining traction due to benefits like cost-effectiveness, scalability, and easy accessibility. Further, based on enterprise size, the EIM solutions market is categorized into Small and Medium Enterprises (SMEs) and large enterprises.

Regional Analysis:

In terms of geographical distribution, the Engineering Information Management (EIM) solutions market is distributed across Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America dominates this market due to the presence of key market players and increasing adoption of advanced technologies in the engineering sector. The market in Asia Pacific is growing rapidly due to increasing investments in infrastructure, the growing automotive industry, and the increasing presence of global companies in this region. Europe, on the other hand, is witnessing growth due to the rising adoption of cloud-based services and the presence of well-established automotive and aerospace & defense sectors. Furthermore, the Middle East & Africa and Latin America are set to show considerable growth due to rapid digital transformation and industrialization in these regions

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://dataintelo.com/request-sample/475759

Market Drivers:

1. Growing need for efficient data management: As businesses become more data-centric, managing this data in an effective and efficient manner becomes critical. This is driving the demand for Engineering Information Management (EIM) solutions.

2. Increasing Digitalization: Growth in digitization of business processes across industries like manufacturing, aerospace, and automobile is propelling demand for advanced data management solutions including EIM for streamlining complex processes.

3. Regulatory compliance: For industries like oil & gas or construction, compliance to safety standards is crucial which requires the proper maintenance of information. EIM solutions help in managing such information, thereby driving the market.

4. Complexity in engineering data: With complex product designs and production processes, engineering data has become more intricate necessitating the use of EIM solutions for better decision making.

5. Increase in remote work: Current pandemic situation has increased the need for cloud-based EIM solutions, driving their market growth.

Opportunities:

1. AI and Machine Learning: Integration of AI and machine learning can potentially provide major opportunities for the EIM market by automating and enhancing data analysis processes.

2. Growth in Emerging Markets: Developing economies are rapidly adopting digitalization in their businesses, providing ample opportunities for expansion of the EIM solutions market in these regions.

3. Cloud-Based EIM solutions: Cloud-based solutions offer benefits like ease of access, cost-effectiveness, and scalability. This shift towards cloud could present major opportunities in the EIM market.

4. Big Data Analytics: As businesses continue to accumulate vast amounts of data, the opportunity arises for EIM solution providers to offer tools that aid in big data analytics.

5. IoT Integration: Incorporating IoT into EIM solutions can offer real-time access and analysis of data, presenting a significant opportunity for market growth

𝐘𝐨𝐮 𝐜𝐚𝐧 𝐝𝐢𝐫𝐞𝐜𝐭𝐥𝐲 𝐛𝐮𝐲 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐟𝐫𝐨𝐦: https://dataintelo.com/checkout/475759

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