openPR Logo
Press release

Enterprise Asset Management Market : Cloud-based Solution Segment to Register High CAGR Between 2016 and 2026

09-21-2017 12:28 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Enterprise Asset Management Market : Cloud-based Solution

Long-term benefits of implementing enterprise asset management solutions can help organisations narrow down costs related to various business processes and operations and enhance the management and maintenance control of their assets. In terms of value, the global enterprise asset management market is expected to register a CAGR of 7.2% over the forecast period and is estimated to be valued at US$ 4,032.3 Mn by 2026 end.

An improved ROI by implementing enterprise asset management solutions likely to boost demand and market growth

The primary factors driving the growth of the global enterprise asset management market include a paradigm shift towards cloud services and the emergence of the Internet of Things (IoT). Organisations are gradually increasing their investments in software as a substitute for manual labour and this is further expected to boost the growth of the global enterprise asset management market over the forecast period.

Browse The Report: https://www.futuremarketinsights.com/reports/global-enterprise-asset-management-market

However, high costs associated with designing and implementing enterprise asset management solutions, lack of strategic planning post solution installation, and lack of skilled personnel to manage the enterprise asset management process is anticipated to hamper the growth of the global enterprise asset management market during the forecast period.

Major enterprise asset management solution providers are laying emphasis on introducing cloud-based enterprise asset management solutions to cater to the growing demand across various verticals, especially small and medium enterprises. Providers are also looking to integrate predictive analytics and ERP with their enterprise asset management solution offerings.

Cloud-based Solution segment anticipated to witness comparatively higher CAGR over the forecast period

In 2015, the Cloud-based Solution segment was valued at US$ 443.8 Mn and is estimated to reach US$ 488.8 Mn by the end of 2016, reflecting a Y-o-Y growth rate of 10.1%. This segment is likely to exhibit a higher CAGR owing to greater adoption backed by lower cost of maintenance and support post installation. The Mobile Solution segment is expected to register a CAGR of 7.8% during the forecast period.

Request to download and view full ToC @ https://www.futuremarketinsights.com/reports/global-enterprise-asset-management-market/toc

Implementation Service segment estimated to contribute a larger revenue share to the global enterprise asset management market

The Implementation Service segment is expected to dominate the global enterprise asset management market in terms of revenue with a CAGR of 5.7% over the forecast period. The Consulting Service segment is estimated to create incremental $ opportunity of US$ 57.3 Mn between 2016 and 2026.

Manufacturing vertical segment expected to hold a larger revenue share of the global enterprise asset management market by 2026

The Manufacturing vertical segment is estimated to reach a market valuation of US$ 749.7 Mn by 2026, registering a CAGR of 9.3% during the forecast period. The Healthcare and Pharmaceutical Industry vertical segment is anticipated to exhibit a CAGR of 7.5% during the forecast period.

Make an Enquiry @https://www.futuremarketinsights.com/reports/sample/rep-gb-193

North America to dominate the global enterprise asset management market in terms of revenue share throughout the forecast period

The North America enterprise asset management market is estimated to account for 30.3% revenue share by the end of 2016. The North America region is expected to dominate the global enterprise asset management market and is likely to witness a comparatively higher growth rate during the forecast period. Europe is expected to be the second largest market in terms of revenue in the global enterprise asset management market over the next 10 years.

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
Tel: +1-347-918-3531
Fax: +1-845-579-5705
Website: http://www.futuremarketinsights.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Enterprise Asset Management Market : Cloud-based Solution Segment to Register High CAGR Between 2016 and 2026 here

News-ID: 731924 • Views: 250

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases


More Releases for CAGR

Wireless Charging Industry Climbing Towards CAGR 45.5%
According to a recent report published by Allied Market Research, titled, Global Wireless Charging Market by Technology and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018-2025, The global wireless charging market was valued at $5,220.0 million in 2017, and is projected to reach $71,213.0 million by 2025, registering a CAGR of 38.7% from 2018 to 2025. At present, Asia-Pacific dominates the market, followed by North America. In 2017, the U.S.
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Biogas Market CAGR to Grow at 6.5%
Global demand for biogas has witnessed a spike in demand, owing to mounting concerns over depleting fossil reserves and environmental impact of conventional fuels. According to Future Market Insights, global biogas market revenues totalled nearly US$ 24.5 Bn in 2015. During the forecast period 2016-2026, global biogas revenues are estimated to reach US$ 48, 761.2 million, growing at a steady 6.5% CAGR. Between 2016 and 2026, the global biogas revenues
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020
Biofertilizers Market witnessing a CAGR of 13.3%
Reports And Markets Publish a New Market Research Report On –"Biofertilizers Market - By Microorganism, Application and Geography - Trends and Forecasts (2016 -2021)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071907-global-biofertilizers-market-by-microorganism-application-forecasts-2016-2021 Market Insights The global biofertilizers market, estimated at USD 590.9 million in 2015, is projected to reach USD 1.23 billion by 2021, witnessing a CAGR of 13.3% during the forecast period. The biofertilizers market is highly fragmented, with many small