Enterprise Asset Management Market 2018 Global key Leaders: IBM, Oracle Corporation, Schneider Electric, AssetWorks LLC, IFS AB, ABB Group, Mintek Mobile Data Solutions, Ramco Systems

Market Research Future published a Half Cooked research report on “Global Enterprise Asset management Market Research Report - Forecast to 2023”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023

Enterprise Asset Management – Summary

Enterprise asset management is commonly known by its abbreviation ‘EAM’. It is basically a software that was devised for the purpose of managing physical assets of any given organization. This innovative technology has made the lives of business owners a lot easier than before. They can keep an eye on the physical assets of the business without being present there 24*7, the software does that job for them. In the last few years, EAM has made quite an impressive reputation for itself. Due to this, the global enterprise asset management market is gaining momentum.

Enterprise asset management (EAM) monitors the entire lifespan of the physical resources of a business set-up. Under its comprehensive service range, elements like construction, decommissioning, design, commissioning and operations are included. Furthermore, it can also enable replacement of facilities, plants and equipment. The physical assets may vary, they can be fixed objects like plants, buildings and machineries. Or the assets can be moving like moving equipment, vehicles and ships. Whatever be the kind of valuable, its lifecycle management can be carried out through this software.

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Market Segmentation
The worldwide enterprise asset management market has been divided into four equal parts. They can be listed as application verticals, deployment, regions and organization types.
On the basis of application verticals, the market is segmented into healthcare, government, oil & gas, manufacturing, transportation and aerospace & defense.
On account of deployment, the industry is bifurcated into on premises and on cloud.
Geographically, the market has its reach across various areas of the world like North America, Europe, Asia Pacific and Rest of the World.
Lastly, based on organization types, the market is branched into large organizations and SMEs.

Industry Trends
At present, there are two major trends that are and will continue ruling the global enterprise asset management market in the coming years as well. The trends have been listed below.
• Mobility – Mobile applications will aid individuals to undertake tasks that are important without being present there physically, thus saving a whole lot of time and energy.
• Cloud – Cloud hosting will offer a number of benefits like enhanced project management, reduced expenses and versatility.

Market Players & Key Strategies
Some of the well-known names of this industry can be listed as AssetWorks, IBM, Oracle Corporation and Ramco Systems. The major strategies used by these players are to develop new and innovative technologies and joint ventures with other market players.

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