Enterprise Asset Management Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers

What industry-specific factors are fueling the growth of the enterprise asset management market?
The market is experiencing growth due to the escalating demand for SaaS-based EAM solutions. These services, offered through a subscription model by cloud-based software vendors, facilitate applications that have become indispensable tools in technology. These include dashboards, mobile apps, asset tracking, performance management, forecasting, and adherence to regulations. Customers are pivoting towards SaaS-based solutions and leaving traditional on-premise solutions due to benefits such as shorter time to value, decreased costs, scalability, integration, among others. As per a 2022 study published on DevSquad, an impressive 73% of businesses are transitioning entirely to SaaS, and there are plans to boost expenditure by 44% compared to the prior year.

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What Is the projected market size and growth rate for the enterprise asset management market?
Over the past few years, the enterprise asset management market has been experiencing robust expansion. It is predicted to surge from $6.71 billion in 2024 to $7.33 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.2%. The factors contributing to this notable growth during the historic period include regulatory compliance, deteriorating infrastructure, cost optimization, preventive maintenance, and integration with ERP systems.

There is an anticipated swift expansion in the enterprise asset management market in the coming years, with its market size ballooning to $12.07 billion in 2029 with a compound annual growth rate (CAGR) of 13.3%. Mobile exam solutions, sustainable practices, cybersecurity measures, and industry-specific exams contribute to this growth over the predicted period. Significant trends in this predicted period include the use of digital twin technology, advancement in technology, integration of IoT for condition monitoring, and cloud-based exam solutions.

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What new trends are reshaping the enterprise asset management market and its opportunities?
The evolution of technology is driving the growth of the enterprise asset management market. Key players in the enterprise asset management industry are striving to enhance their technological developments. For example, Aptean, in March 2022, inaugurated a cloud-based EAM service that includes a computerized maintenance management system for their manufacturing clientele. This innovative service will assist small to medium-sized manufacturing businesses in fulfilling their asset management needs and expectations.

What major market segments define the scope and growth of the enterprise asset management market?
The enterprise asset management market covered in this report is segmented -

1) By Development: On-Premise, Cloud
2) By Application: Asset Lifecycle Management, Inventory Management, Work Order Management, Labor Management, Other Applications
3) By Vertical: Energy And Utilities, Transportation And Logistics, Government And Public Sector, IT And Telecommunications, Manufacturing, Healthcare And Life Sciences, Education, Other Verticals

Subsegments:
1) By On-Premise: Traditional On-Premise Solutions, Hybrid On-Premise Or Cloud Solutions
2) By Cloud: Public Cloud Solutions, Private Cloud Solutions, Hybrid Cloud Solutions

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Which region dominates the enterprise asset management market?
North America was the largest region in the enterprise asset management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enterprise asset management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which key market leaders are driving the enterprise asset management industry growth?
Major companies operating in the enterprise asset management market include International Business Machines Corporation, Oracle Corporation, Schneider Electric SE, Honeywell International Inc., SAP SE, Asea Brown Boveri Ltd., Consultants to Government and Industry Incorporated, Rockwell Automation Inc., Infor Inc., AVEVA Group plc, Bentley Systems Incorporated, IFS AB, Accruent LLC, Ramco Systems Limited, Fingent Corporation, MRI Software LLC, Ultimo Software Solutions BV, AssetWorks LLC, Rosmiman Software Corporation, Mainsaver Software, Maintenance Connection, UpKeep Technologies Inc., MPulse Software Inc., CHEQROOM, eWorkOrders, EZOfficeInventory, MVP Plant, Real Asset Management plc, MicroMain Corporation, AMTdirect Inc., ManagerPlus, Nuvolo, Limble CMMS

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What Is Covered In The Enterprise Asset Management Global Market Report?

•Market Size Forecast: Examine the enterprise asset management market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the enterprise asset management market for a structured understanding.
•Key Players Overview: Analyze major players in the enterprise asset management market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the enterprise asset management market.
•Segment Contributions: Evaluate how different segments drive overall growth in the enterprise asset management market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the enterprise asset management market.
•Industry Challenges: Identify potential risks and obstacles affecting the enterprise asset management market.
•Competitive Landscape: Review strategic developments in the enterprise asset management market, including expansions, agreements, and new product launches.

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