Global Enterprise Asset Management Market

Enterprise Asset Management Market: Bolstering Deployment of EAM Solutions for Improved ROI and Successful Emergence of IoT to Fuel Revenue Growth: Global Industry Analysis (2013-2017) and Opportunity Assessment (2018-2028)

Enterprise asset management (EAM) is known as the process of managing the lifecycle of physical assets for maximising their usability along with management cost reductions, quality and efficiency improvement. The EAM software is primarily used by the enterprises across different industry verticals which are heavily dependent on the complex and expensive physical assets, such as plants, heavy equipment, and vehicles. Key end-users include industries such as oil & gas, manufacturing, energy & utility, mining, and others. This software is offered with the deployment options such as on-premise and cloud-based.

Advent of IoT and soaring investments in software to push the market up

Improved ROI with the aid of enterprise asset management solutions, emergence of the Internet of Things and gradual increase in investment on software by organizations constitute the major factors driving growth of the global enterprise asset management market. However, the high cost of implementation, lack of skilled personnel and inadequacy of strategic planning post-installation are identified to be the major restraints impacting the market growth on a global level, especially in some of the developing economies.

Global enterprise asset management market is categorized on the basis of component, deployment, vertical and region

On the basis of component, the market is bifurcated into solution and services. The services segment, which is further divided into consulting services and professional services, is expected to register a healthy CAGR of 7.8% during the forecast period. Based on the deployment, the market is segmented into on-premise and cloud. Although on-premise segment will continue to dominate throughout the projection period, the revenue contribution from the cloud segment is expected to expand at a CAGR of 9.0% over the course of 2018-2028. By vertical, the market is classified as public sector, manufacturing, oil and gas, healthcare and pharmaceutical industry, energy and utility, transportation, wholesale and distribution, food and beverages, paper and packaging, chemical and process industry (including steel industry), mining and service industry. However, the revenue contribution from the manufacturing segment is expected to expand at a relatively higher CAGR of 9.4% during the forecast period.

enterprise asset management market

North America and Europe are anticipated to maintain the key market positions throughout the next decade

Among the key regional markets, North America is projected to exhibit relatively higher growth in the global market, registering a CAGR of over 9% during the forecast period. The revenue generated in North American and Western European markets will reportedly account for a collective share of more than 45% of the global market revenue. Some of the top companies identified across the enterprise asset management value chain are IBM Corporation, SAP SE, Oracle Corporation, ABB Ltd, IFS Ltd, Infor Inc., Ultimate Software Solutions BV, Carl International SA, Mainsaver Inc., Mex Pty Ltd and others. Leading providers are likely to encounter with attractive opportunities in near future and eventually expand their footprints across several regions, especially in India and China.

Future Market Insights offers 10-year forecast for global enterprise asset management market between 2018 and 2028. In terms of value, market is expected to register a CAGR of 7.7% during forecast period. This study demonstrates the market dynamics and trends globally across regions North America, Latin America, Eastern Europe, Western Europe, South East Asia and Others of Asia Pacific, India, Japan, Middle East and Africa (MEA) and China which influence the current nature and future status of the global enterprise asset management market over the forecast period.

This research report provides detailed analysis global enterprise asset management market and offers insights on the various factors such deployment and services provided by global enterprise asset management s. The market study provides comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business. The report segregates the market based on services and applications across different regions globally.  Key players are introducing technology advancement in communication which is acting as a major driver for global enterprise asset management market.  

The report starts with an overview of the global enterprise asset management market in terms of value. In addition, this section includes analysis of key trends, drivers and restraints which are influencing the global enterprise asset management market. Impact analysis of key growth drivers and restraints are included in this report to facilitate clients with crystal clear decision-making insights.   

Global enterprise asset management market is categorized on the basis of component, deployment, vertical and region. On the basis of component, the market is segmented as solutions and services. On the basis of deployment, the global enterprise asset management market is segmented into on-premise and cloud. On the basis of vertical, global enterprise asset management market is segmented as public sector, manufacturing, oil and gas, healthcare and pharmaceutical industry, energy and utility, transportation, wholesale and distribution, food and beverages, paper and packaging, chemical and process industry (including steel industry), mining and service industry.

A detailed analysis has been provided for every segment in terms of market size analysis for enterprise asset management across different regions. It provides a market outlook for 2018–2028 and sets the forecast within the context of the enterprise asset management s including latest technological developments as well as service offerings in the market. This study discusses key trends within regions contributing to growth of the market, as well as analyses degree at which drivers are influencing this market in regions. Key regions and countries assessed in this report include North America (U.S. and Canada), Latin America (Brazil, Mexico and Rest of LA), Eastern Europe (Russia, Poland and Rest of Eastern Europe), Western Europe (Germany, France, U.K., Spain, Italy, BENELUX and Rest of WE), South East Asia(Indonesia, Philippines, Thailand, Malaysia, Oceania and Rest of SEA), Japan, India China and Middle East and Africa (GCC Countries, Turkey, North Africa, South Africa and Rest of MEA).

This report evaluates the present scenario and the growth prospects of the global enterprise asset management market across various regions globally for the period 2018 –2028. We have considered 2017 as the base year and provide data for the trailing 12 months. The forecast presented here assesses the total revenue by value across the market. In order to offer an accurate forecast, we started by sizing the current market, which forms the basis of how the enterprise asset management market will develop in the future. Given the characteristics of the market, we triangulated the outcome of different services and component and analyses, based on the technology trends.  

In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the market. 

In the final section of the report, we include a competitive landscape to provide clients with a dashboard view, based on categories of provider in the value chain, presence in enterprise asset management s portfolio and key differentiators. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the in enterprise asset management s value chain and the potential players for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on in-depth assessment of capabilities and success in the marketplace. Detailed profiles of providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in enterprise asset management s space. Key competitors covered are Enterprise Asset Management s value chain are IBM Corporation, SAP SE, Oracle Corporation, ABB Ltd, IFS Ltd, Infor Inc., Ultimate Software Solutions BV, Carl International SA, Mainsaver Inc., Mex Pty Ltd and others.

Key Segments Covered

  • By Component
    • Solutions
    • Services
  • By Deployment
    • On-Premise
    • Cloud
  • By Vertical
    • Public Sector
    • Manufacturing
    • Oil and Gas
    • Healthcare and Pharmaceutical Industry
    • Energy and Utility
    • Transportation
    • Wholesale and Distribution
    • Food & Beverages
    • Paper and Packaging
    • Chemical and Process Industry (Including Steel Industry)
    • Mining
    • Service Industry

Key Regions Covered

  • North America
    • United States
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • BENELUX
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
  • South East Asia
    • Indonesia
    • Philippines
    • Thailand
    • Malaysia
    • Oceania
    • Rest of South East Asia and Others of Asia Pacific
  • Japan
  • India
  • China
  • Middle East & Africa
    • GCC Countries
      • Turkey
      • North Africa
      • South Africa
      • Rest of MEA

Key Companies

  • IBM Corporation
  • Oracle Corporation
  • SAP SE
  • ABB Ltd.
  • IFS Ltd.
  • Infor Inc.
  • Ultimate Software Solutions BV
  • Carl International SA
  • Mainsaver Inc.
  • Mex Pty Ltd