The global enterprise asset management market value is estimated to be USD 4,717.07 million in 2024. The overall market is predicted to grow at a moderate CAGR of 7% during the forecast period. The global enterprise asset management industry share is estimated to reach a value of nearly USD 9,279.09 million by 2034.
Report Attribute | Details |
---|---|
Enterprise Asset Management Market Size (2024) | USD 4,717.07 million |
Market Anticipated Forecast Value (2034) | USD 9,279.09 million |
Market Projected Growth Rate (2024 to 2034) | 7% CAGR |
The global enterprise asset management market was valued at USD 3,809.31 million in 2019. From 2019 to 2023, the global enterprise asset management (EAM) market experienced a CAGR of around 4.1%. The overall market value was about USD 4,466.25 million by 2023.
The COVID-19 pandemic posed many problems for the global economy and a variety of economic sectors, including in the enterprise asset tracking market during 2020 and 2021. However, equipment management market participants utilized this crisis period as a chance to restructure and reassess their present strategies and sophisticated product portfolio.
Attributes | Details |
---|---|
Enterprise Asset Management Market Value (2019) | USD 3,809.31 million |
Market Revenue (2023) | USD 4,466.25 million |
Market Historical Growth Rate (CAGR 2019 to 2023) | 4.1% CAGR |
Integration of IoT with EAM software is expected to play an important role in developing smart cities. Smart cities monitor the conditions of all critical infrastructure. Increased data analysis accuracy, decision-making improvements, and asset management software outcomes are among the major factors driving the growth of enterprise asset management demand across many economies.
To protect employees well enough and ensure efficiency and productivity, many businesses across sectors have chosen the work-from-home model, resulting in a surge in demand for cloud-based solutions. The need for EAM solutions will continue to rise as more businesses invest in their IT infrastructure instead of investing more in physical infrastructure.
The table below lists countries anticipated to create better growth opportunities for enterprise asset management solution providers over the next ten years.
Regional Market Comparison | CAGR (2024 to 2034) |
---|---|
United States | 3.9% |
Japan | 8.2% |
Germany | 6.5% |
Australia | 10.5% |
China | 7.5% |
The United States regional market is expected to witness a year-on-year growth rate of 3.9% from 2024 to 2034.
The enterprise asset management industry in Germany is expected to expand at a rate of 6.5% per year till 2034.
China holds attractive growth potential for the enterprise asset performance management market, with an estimated CAGR of 7.5% between 2024 and 2034.
The adoption of enterprise asset management in Japan is poised to increase at a rate of 8.2% CAGR between 2024 and 2034.
Demand for enterprise asset management solutions is anticipated to rise at the most lucrative rate of 10.5% between
Based on solution type, the enterprise asset management market contributes more than half of the global demand. In 2024, this segment is figured out to contribute almost 54% of the revenue share.
Attributes | Details |
---|---|
Top Solution Type or Segment | Enterprise Asset Management |
Market Share in 2024 | 54% |
Based on enterprise size, large enterprises with 500 to 999 employees create the most demand for the asset lifecycle management market. This segment is expected to account for 35.41% of the market revenue in 2024.
Attributes | Details |
---|---|
Top Enterprise Size or Segment | Large Enterprises (500 to 999 Employees) |
Market Share in 2024 | 35.41% |
The information technology (IT) & telecom companies are the leading users of EAM systems. This segment is expected to contribute 21.6% of the revenue share generated by the market in 2024.
Attributes | Details |
---|---|
Top End User Industry Type or Segment | IT & Telecom |
Market Share in 2024 | 21.6% |
Key Enterprise asset management (EAM) software developers are investing their efforts in surpassing traditional asset management, as companies are now seeking additional benefits from EAM solutions. In addition to providing access to organizational asset information to every department and employee at every location, the latest industry trend includes EAM software solutions that also involve energy usage, lifecycle costs, maintenance histories, warranty catalogs, purchase orders, audit records, and others.
Recent Developments in the Global Enterprise Asset Management Market
Attribute | Details |
---|---|
Estimated Market Size (2024) | USD 4,717.07 million |
Projected Market Size (2034) | USD 9,279.09 million |
Anticipated Growth Rate (2024 to 2034) | 7% |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | USD million or billion for Value and Units for Volume |
Key Regions Covered | North America, Latin America, Europe, Middle East & Africa (MEA), East Asia, South Asia and Oceania |
Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa |
Key Segments Covered | By Solution Type, By Service Type, By Enterprise Size, By End Use Industry, and By Region |
Key Companies Profiled |
Oracle Corporation;SAP SE;Schneider Electric SE;ABB Ltd.;MRI Software LLC;CGI Inc.;Industrial and Financial Services (IFS) AB;Infor Inc.;Ramco Systems Limited;Rockwell Automation Inc.;Bentley Systems Incorporated |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Value (US$ Million) Forecast by Deployment, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by Industry, 2019 to 2034
Table 4: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 5: North America Market Value (US$ Million) Forecast by Deployment, 2019 to 2034
Table 6: North America Market Value (US$ Million) Forecast by Industry, 2019 to 2034
Table 7: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 8: Latin America Market Value (US$ Million) Forecast by Deployment, 2019 to 2034
Table 9: Latin America Market Value (US$ Million) Forecast by Industry, 2019 to 2034
Table 10: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 11: Western Europe Market Value (US$ Million) Forecast by Deployment, 2019 to 2034
Table 12: Western Europe Market Value (US$ Million) Forecast by Industry, 2019 to 2034
Table 13: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 14: Eastern Europe Market Value (US$ Million) Forecast by Deployment, 2019 to 2034
Table 15: Eastern Europe Market Value (US$ Million) Forecast by Industry, 2019 to 2034
Table 16: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 17: South Asia and Pacific Market Value (US$ Million) Forecast by Deployment, 2019 to 2034
Table 18: South Asia and Pacific Market Value (US$ Million) Forecast by Industry, 2019 to 2034
Table 19: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 20: East Asia Market Value (US$ Million) Forecast by Deployment, 2019 to 2034
Table 21: East Asia Market Value (US$ Million) Forecast by Industry, 2019 to 2034
Table 22: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 23: Middle East and Africa Market Value (US$ Million) Forecast by Deployment, 2019 to 2034
Table 24: Middle East and Africa Market Value (US$ Million) Forecast by Industry, 2019 to 2034
Figure 1: Global Market Value (US$ Million) by Deployment, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by Industry, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 5: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 6: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 7: Global Market Value (US$ Million) Analysis by Deployment, 2019 to 2034
Figure 8: Global Market Value Share (%) and BPS Analysis by Deployment, 2024 to 2034
Figure 9: Global Market Y-o-Y Growth (%) Projections by Deployment, 2024 to 2034
Figure 10: Global Market Value (US$ Million) Analysis by Industry, 2019 to 2034
Figure 11: Global Market Value Share (%) and BPS Analysis by Industry, 2024 to 2034
Figure 12: Global Market Y-o-Y Growth (%) Projections by Industry, 2024 to 2034
Figure 13: Global Market Attractiveness by Deployment, 2024 to 2034
Figure 14: Global Market Attractiveness by Industry, 2024 to 2034
Figure 15: Global Market Attractiveness by Region, 2024 to 2034
Figure 16: North America Market Value (US$ Million) by Deployment, 2024 to 2034
Figure 17: North America Market Value (US$ Million) by Industry, 2024 to 2034
Figure 18: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 19: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 20: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 21: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 22: North America Market Value (US$ Million) Analysis by Deployment, 2019 to 2034
Figure 23: North America Market Value Share (%) and BPS Analysis by Deployment, 2024 to 2034
Figure 24: North America Market Y-o-Y Growth (%) Projections by Deployment, 2024 to 2034
Figure 25: North America Market Value (US$ Million) Analysis by Industry, 2019 to 2034
Figure 26: North America Market Value Share (%) and BPS Analysis by Industry, 2024 to 2034
Figure 27: North America Market Y-o-Y Growth (%) Projections by Industry, 2024 to 2034
Figure 28: North America Market Attractiveness by Deployment, 2024 to 2034
Figure 29: North America Market Attractiveness by Industry, 2024 to 2034
Figure 30: North America Market Attractiveness by Country, 2024 to 2034
Figure 31: Latin America Market Value (US$ Million) by Deployment, 2024 to 2034
Figure 32: Latin America Market Value (US$ Million) by Industry, 2024 to 2034
Figure 33: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 34: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 35: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 36: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 37: Latin America Market Value (US$ Million) Analysis by Deployment, 2019 to 2034
Figure 38: Latin America Market Value Share (%) and BPS Analysis by Deployment, 2024 to 2034
Figure 39: Latin America Market Y-o-Y Growth (%) Projections by Deployment, 2024 to 2034
Figure 40: Latin America Market Value (US$ Million) Analysis by Industry, 2019 to 2034
Figure 41: Latin America Market Value Share (%) and BPS Analysis by Industry, 2024 to 2034
Figure 42: Latin America Market Y-o-Y Growth (%) Projections by Industry, 2024 to 2034
Figure 43: Latin America Market Attractiveness by Deployment, 2024 to 2034
Figure 44: Latin America Market Attractiveness by Industry, 2024 to 2034
Figure 45: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 46: Western Europe Market Value (US$ Million) by Deployment, 2024 to 2034
Figure 47: Western Europe Market Value (US$ Million) by Industry, 2024 to 2034
Figure 48: Western Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 49: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 50: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 51: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 52: Western Europe Market Value (US$ Million) Analysis by Deployment, 2019 to 2034
Figure 53: Western Europe Market Value Share (%) and BPS Analysis by Deployment, 2024 to 2034
Figure 54: Western Europe Market Y-o-Y Growth (%) Projections by Deployment, 2024 to 2034
Figure 55: Western Europe Market Value (US$ Million) Analysis by Industry, 2019 to 2034
Figure 56: Western Europe Market Value Share (%) and BPS Analysis by Industry, 2024 to 2034
Figure 57: Western Europe Market Y-o-Y Growth (%) Projections by Industry, 2024 to 2034
Figure 58: Western Europe Market Attractiveness by Deployment, 2024 to 2034
Figure 59: Western Europe Market Attractiveness by Industry, 2024 to 2034
Figure 60: Western Europe Market Attractiveness by Country, 2024 to 2034
Figure 61: Eastern Europe Market Value (US$ Million) by Deployment, 2024 to 2034
Figure 62: Eastern Europe Market Value (US$ Million) by Industry, 2024 to 2034
Figure 63: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 64: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 65: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 66: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 67: Eastern Europe Market Value (US$ Million) Analysis by Deployment, 2019 to 2034
Figure 68: Eastern Europe Market Value Share (%) and BPS Analysis by Deployment, 2024 to 2034
Figure 69: Eastern Europe Market Y-o-Y Growth (%) Projections by Deployment, 2024 to 2034
Figure 70: Eastern Europe Market Value (US$ Million) Analysis by Industry, 2019 to 2034
Figure 71: Eastern Europe Market Value Share (%) and BPS Analysis by Industry, 2024 to 2034
Figure 72: Eastern Europe Market Y-o-Y Growth (%) Projections by Industry, 2024 to 2034
Figure 73: Eastern Europe Market Attractiveness by Deployment, 2024 to 2034
Figure 74: Eastern Europe Market Attractiveness by Industry, 2024 to 2034
Figure 75: Eastern Europe Market Attractiveness by Country, 2024 to 2034
Figure 76: South Asia and Pacific Market Value (US$ Million) by Deployment, 2024 to 2034
Figure 77: South Asia and Pacific Market Value (US$ Million) by Industry, 2024 to 2034
Figure 78: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034
Figure 79: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 80: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 81: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 82: South Asia and Pacific Market Value (US$ Million) Analysis by Deployment, 2019 to 2034
Figure 83: South Asia and Pacific Market Value Share (%) and BPS Analysis by Deployment, 2024 to 2034
Figure 84: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Deployment, 2024 to 2034
Figure 85: South Asia and Pacific Market Value (US$ Million) Analysis by Industry, 2019 to 2034
Figure 86: South Asia and Pacific Market Value Share (%) and BPS Analysis by Industry, 2024 to 2034
Figure 87: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Industry, 2024 to 2034
Figure 88: South Asia and Pacific Market Attractiveness by Deployment, 2024 to 2034
Figure 89: South Asia and Pacific Market Attractiveness by Industry, 2024 to 2034
Figure 90: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034
Figure 91: East Asia Market Value (US$ Million) by Deployment, 2024 to 2034
Figure 92: East Asia Market Value (US$ Million) by Industry, 2024 to 2034
Figure 93: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 94: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 95: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 96: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 97: East Asia Market Value (US$ Million) Analysis by Deployment, 2019 to 2034
Figure 98: East Asia Market Value Share (%) and BPS Analysis by Deployment, 2024 to 2034
Figure 99: East Asia Market Y-o-Y Growth (%) Projections by Deployment, 2024 to 2034
Figure 100: East Asia Market Value (US$ Million) Analysis by Industry, 2019 to 2034
Figure 101: East Asia Market Value Share (%) and BPS Analysis by Industry, 2024 to 2034
Figure 102: East Asia Market Y-o-Y Growth (%) Projections by Industry, 2024 to 2034
Figure 103: East Asia Market Attractiveness by Deployment, 2024 to 2034
Figure 104: East Asia Market Attractiveness by Industry, 2024 to 2034
Figure 105: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 106: Middle East and Africa Market Value (US$ Million) by Deployment, 2024 to 2034
Figure 107: Middle East and Africa Market Value (US$ Million) by Industry, 2024 to 2034
Figure 108: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034
Figure 109: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 110: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 111: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 112: Middle East and Africa Market Value (US$ Million) Analysis by Deployment, 2019 to 2034
Figure 113: Middle East and Africa Market Value Share (%) and BPS Analysis by Deployment, 2024 to 2034
Figure 114: Middle East and Africa Market Y-o-Y Growth (%) Projections by Deployment, 2024 to 2034
Figure 115: Middle East and Africa Market Value (US$ Million) Analysis by Industry, 2019 to 2034
Figure 116: Middle East and Africa Market Value Share (%) and BPS Analysis by Industry, 2024 to 2034
Figure 117: Middle East and Africa Market Y-o-Y Growth (%) Projections by Industry, 2024 to 2034
Figure 118: Middle East and Africa Market Attractiveness by Deployment, 2024 to 2034
Figure 119: Middle East and Africa Market Attractiveness by Industry, 2024 to 2034
Figure 120: Middle East and Africa Market Attractiveness by Country, 2024 to 2034
The global enterprise asset management market is estimated to be around USD 4,717.07 million in 2024.
The global enterprise asset management market is to grow at 7% through 2034.
The global enterprise asset management market valued to reach USD 9,279.09 million by 2034.
The global enterprise asset management market was valued at USD 3,809.31 million in 2019.
Australia is predicted to witness a CAGR of 10.5% in the adoption of enterprise asset management through 2034.
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