Global Enterprise Asset Management Market Value to Increase from US$ 2,005.8 Mn in 2016 to US$ 4,032.3 Mn by 2026

A marked shift towards cloud services, improved ROI with the aid of enterprise asset management solutions, and the emergence of the Internet of Things are factors expected to drive the growth of the global enterprise asset management market over the forecast period

The global enterprise asset management market was valued at US$ 1,877.4 Mn in 2015 and is estimated to increase to US$ 2,005.8 Mn by the end of 2016, reflecting a Y-o-Y growth rate of 6.8%.

In this report, Future Market Insights analyses the factors and trends impacting the growth and performance of the global enterprise asset management market between 2016 and 2026.

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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.

The global enterprise asset management market is segmented on the basis of region into North America, Latin America, Europe, Asia Pacific Excluding Japan (APEJ), Middle East & Africa (MEA), and Japan. North America is expected to dominate the global enterprise asset management market by the end of 2016 and is likely to continue its dominance throughout the forecast period, registering a CAGR of 8.3% between 2016 and 2026.

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IBM Corporation, SAP SE, Oracle Corporation, ABB Ltd., IFS AB, Infor Inc., Ultimo Software Solutions bv, CARL International SA, eMaint Enterprises, LLC, Mainsaver Inc., MEX Pty Ltd., and AssetWorks LLC are some of the leading companies operating in the global enterprise asset management market. Key market players are focussing on deploying enterprise asset management solutions primarily for large enterprises and asset intensive industries such as public sector, transportation, and energy & utilities.

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