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Global Enterprise Asset Management Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities
The Enterprise Asset Management Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Projected Growth of the Enterprise Asset Management Market?
The market size of enterprise asset management has significantly expanded over the past few years. Anticipated to rise from $6.71 billion in 2024 to $7.33 billion in 2025, it is expected to experience a compound annual growth rate (CAGR) of 9.2%. Factors such as regulatory compliance, deteriorating infrastructure, cost optimization, preventive maintenance, and integration with ERP systems have contributed to the growth during the historic period.
Over the coming years, the market size of enterprise asset management is projected to witness a significant expansion. By 2029, it is anticipated to reach a worth of $12.07 billion, with a compound annual growth rate (CAGR) of 13.3%. The projected growth during this forecast period can be credited to elements such as mobile exam solutions, emphasis on sustainability, cybersecurity initiatives, and industry-specific exam needs. Key trends expected during this period include the rise in digital twin technology, advancements in technology, integration of the Internet of Things (IoT) for condition monitoring, and the adoption of cloud-based exam solutions.
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What Are the Different Enterprise Asset Management Market Segments?
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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What Are the Primary Drivers Shaping the Enterprise Asset Management Market?
The market's expansion is influenced by the growing desire for SaaS-based EAM solutions. EAM services provided via a subscription-based model are a cloud-based software service that aids vendors. For aspects like dashboards, mobile apps, asset tracking, performance management, forecasting, and regulatory compliance, these solutions are integral to the technology environment. Because of reduced time benefits, lower expenses, scalability, and integration amongst other factors, clients are progressively opting SaaS-based alternatives over conventional on-premise solutions. For instance, a 2022 DevSquad study showed that 73% of firms are migrating all systems to SaaS and planning to enhance their expenditure by 44% compared to the previous year.
Which Companies Are Leading in the Enterprise Asset Management Market?
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
What Trends Are Expected to Dominate the Enterprise Asset Management Market in the Next 5 Years?
The enterprise asset management market is being significantly influenced by advancements in technology. Key players in this market are aggressively exploring new technologies to expand their developmental activities. Take for example, Aptean's launch of a cloud-based EAM solution in March 2022. This solution includes a computerized maintenance management system specifically aimed at manufacturing clientele. It's primarily designed to cater to the asset management needs and demands of small and medium-sized manufacturers.
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What Are the Top Revenue-Generating Geographies in 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Enterprise Asset Management Market?
2. What is the CAGR expected in the Enterprise Asset Management Market?
3. What Are the Key Innovations Transforming the Enterprise Asset Management Industry?
4. Which Region Is Leading the Enterprise Asset Management Market?
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