Enterprise Asset Management Gains Momentum Across Sectors

According to the latest market research study published by P&S Intelligence, the global enterprise asset management (EAM) market was valued at USD 6.89 billion in 2024 and is projected to reach USD 15.35 billion by 2032, growing at a compound annual growth rate (CAGR) of 10.66% during 2025-2032.

This robust growth is driven by the increasing need to reduce maintenance and procurement expenses, enhance asset availability, and minimize asset breakdowns. Organizations are adopting EAM solutions to optimize asset utilization and achieve higher returns on assets (ROA). Additionally, the integration of advanced technologies, such as the Internet of Things (IoT), into EAM systems is enabling real-time data acquisition, further enhancing asset management efficiency.
Key Insights

Browse a detailed analysis report on: https://www.psmarketresearch.com/market-analysis/enterprise-asset-management-market

Segmentation Analysis:

By Offering: The EAM market is segmented into solutions and services. The solutions category dominates the market due to the rising demand for comprehensive asset management software that facilitates effective tracking and maintenance of enterprise assets.

By Deployment: EAM solutions are deployed either on-premises or via the cloud. While on-premises deployment has been prevalent due to data security concerns, there is a growing shift toward cloud-based solutions owing to their scalability, cost-effectiveness, and remote accessibility.
By Enterprise Size: Both large enterprises and small and medium-sized enterprises (SMEs) are increasingly implementing EAM solutions. Large enterprises have traditionally led the adoption due to their extensive asset bases, but SMEs are rapidly recognizing the benefits of EAM in optimizing operations and reducing costs.

Regional and Geographical Trends:

North America: This region holds the largest share of the EAM market, attributed to the early adoption of advanced technologies and the presence of major market players.

Asia-Pacific (APAC): APAC is the fastest-growing region in the EAM market, driven by rapid industrialization, urbanization, and increasing investments in infrastructure development.
South America: The EAM market in South America was valued at USD 426.7 million in 2017 and is forecasted to witness a CAGR of 10.9% during 2018-2023, propelled by the increasing need to enhance asset utilization and reduce operational costs.

Technological Advancements Shaping the Market:

IoT Integration: The incorporation of IoT with EAM solutions enables real-time monitoring and management of assets, leading to proactive maintenance and reduced downtime.
Cloud Computing: The shift toward cloud-based EAM solutions offers benefits such as scalability, remote access, and lower upfront costs, making it an attractive option for organizations of all sizes.

Make inquiry before purchase of this report: https://www.psmarketresearch.com/send-enquiry?enquiry-url=enterprise-asset-management-market

Competitive Dynamics, Major Players, and Emerging Opportunities:

Market Fragmentation

The EAM market is characterized as fragmented, with numerous players offering diverse solutions tailored to various industries and organizational needs.
Key Players: Leading companies in the EAM market include IBM Corporation, SAP SE, Oracle Corporation, and Infor, among others. These companies are focusing on innovation and strategic partnerships to strengthen their market positions.

Emerging Opportunities

The growing adoption of EAM solutions in sectors such as healthcare, transportation, and manufacturing presents significant growth opportunities. Additionally, the increasing emphasis on regulatory compliance and sustainability is driving organizations to invest in advanced asset management systems.

In conclusion, the enterprise asset management market is on a robust growth trajectory, propelled by technological advancements and the escalating need for efficient asset utilization across various industries. Organizations are increasingly recognizing the value of EAM solutions in enhancing operational efficiency and achieving strategic objectives.

Browse more report published by P&S:

Machine Translation Market - https://www.psmarketresearch.com/market-analysis/machine-translation-market

Integrated Cloud Management Platform Market - https://www.psmarketresearch.com/market-analysis/integrated-cloud-management-platform-market

About P&S Intelligence

P&S Intelligence offers custom and syndicated market research and consulting services to clients across the globe. Our team of young and dynamic researchers, guided by mentors with years of experience, create data-rich reports tailored to the needs of MNCs as well as startups and SMEs. We remain in a perennial quest to offer exhaustive insights into every aspect of the market, allowing businesses of all sizes to seize even the smallest of opportunities and tackle even the biggest of challenges.

Contact:
Chandra Mohan
AVP - Business Development
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Blog: https://psintelligence.blogspot.com

This release was published on openPR.