Global Enterprise Asset Management Market Research Report: Forecast (2024-2030)

Enterprise Asset Management Market Report - By Offering (Solutions, Services, (Professional services, (Planning & Consulting, Training & Education, Support & Maintenance), Managed......Services)), By Application (Asset Lifecycle Management, Inventory Management, Work order Management, Labour Management, Facility Management, Others), By Deployment Model (Cloud, On-premises), By Organization Size (Large Enterprises, SMEs), By Vertical (Manufacturing, Energy & Utilities, Healthcare & Life Sciences, Transportation & Logistics, Telecom, Government & Public Sector, Education, Others Read more

  • ICT & Electronics
  • May 2024
  • 187
  • PDF, Excel, PPT

Market Definition

Enterprise asset management incorporates solutions & services for optimizing production workflow and managing the physical assets of the organization. These services comprise of improved asset performance, reduced downtime, and enhanced overall operational effectiveness.

Market Insights & Analysis: Global Enterprise Asset Management Market (2024-30):

The Global Enterprise Asset Management Market size was valued at USD 4.4 billion in 2023 and is estimated to grow at a CAGR of around 10.8% during the forecast period, i.e., 2024-30. Enterprise asset management offers a complete business package that empowers organizations to manage their assets efficiently across multiple departments, locations, and units. According to the American Institute of Asset Management, these solutions help in increasing work productivity by 20%. Therefore, companies are adopting enterprise asset management solutions for an all-inclusive understanding of infrastructure throughout its lifecycle, from procurement & design to disposal, operation, replacement, or maintenance.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-2030) 10.8%
Regions Covered North America: US, Canada, Mexico
Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
South America: Brazil, Argentina, Rest of South America
Middle East & Africa: UAE, Saudi Arabia, South Africa, Egypt, Rest of MEA
Key Companies Profiled IBM, SAP, Oracle, Hexagon, IFS, Hitachi Energy, IPS Intelligent Process Solutions, Accruent, Aveva, Aptean, Emaint, CGI, Upkeep, Assetworks, Ramco Systems, and Others 
Market Value (2023) USD 4.4 Billion

 

Over time, industries like aviation, military, and power have implemented asset management strategies, including reliability-centered and condition-based maintenance. As a result, enterprises recognized the positive influence of tracking and managing assets on their organizational efficiency, profitability, and resource optimization. Moreover, AI & ML hold great potential for Enterprise Asset Management (EAM). By analyzing extensive data sets with accuracy in forecasting equipment failures that enhance maintenance schedules while improving overall asset performance, IBM's Maximo is an excellent demonstration of such efficacy in deploying AI to provide valuable insights into equipment health, helping organizations make well-informed decisions. These technological advancements together offer increased efficiency in reducing operational expenses while heightening productivity and ushering EAM solutions into a new era.

Further, these solutions result in equipment downtime & reduce the cost of materials. According to CompareSoft, an asset management company, these advanced asset management solutions help in reducing 20% equipment downtime & approximately 17% reduction in inventory maintenance and repair. Therefore, industries that heavily rely on assets such as energy & utilities, transportation & logistics, government & defense, manufacturing, healthcare, and life sciences have widely adopted advanced enterprise asset management solutions. In the current market landscape, several vendors offer powerful and all-encompassing enterprise asset management solutions tailored to suit multinational corporations' requirements. Such cutting-edge software provides businesses with the essential adaptability and versatility they need to proficiently manage operations while keeping costs in check and boosting overall output levels, further instigating the Enterprise Asset Management Market growth.

  1. Market Segmentation
  2. Introduction
    1. Market Definition
    2. Research Process
    3. Assumption
  3. Executive Summary
  4. Global Enterprise Asset Management Market Patent Analysis
  5. Global Enterprise Asset Management Market Start-up Ecosystem
    1. Entrepreneurial Activity
    2. Funding Received by Top Companies
    3. Key Investors Active in The Market
    4. Series-wise Funding Received
      1. Seed Funding
      2. Angel Investing
      3. Venture Capitalists (VC) Funding
      4. Others
  6. Global Enterprise Asset Management Market Trends & Insights
  7. Global Enterprise Asset Management Market Dynamics
    1. Growth Drivers
    2. Challenges
  8. Global Enterprise Asset Management Market Hotspot & Opportunities
  9. Global Enterprise Asset Management Market Supply Chain Analysis
  10. Global Enterprise Asset Management Market Regulation & Policy
  11. Global Enterprise Asset Management Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Offering
        1. Solutions- Market Size & Forecast 2019-2030, (USD Million)
        2. Services- Market Size & Forecast 2019-2030, (USD Million)
          1. Professional services- Market Size & Forecast 2019-2030, (USD Million)
            1. Planning & Consulting- Market Size & Forecast 2019-2030, (USD Million)
            2. Training & Education- Market Size & Forecast 2019-2030, (USD Million)
            3. Support & Maintenance- Market Size & Forecast 2019-2030, (USD Million)
          2. Managed Services- Market Size & Forecast 2019-2030, (USD Million)
      2. By Application
        1. Asset Lifecycle Management- Market Size & Forecast 2019-2030, (USD Million)
        2. Inventory Management- Market Size & Forecast 2019-2030, (USD Million)
        3. Work order Management- Market Size & Forecast 2019-2030, (USD Million)
        4. Labour Management- Market Size & Forecast 2019-2030, (USD Million)
        5. Facility Management- Market Size & Forecast 2019-2030, (USD Million)
        6. Others- Market Size & Forecast 2019-2030, (USD Million)
      3. By Deployment Model
        1. Cloud- Market Size & Forecast 2019-2030, (USD Million)
        2. On-premises- Market Size & Forecast 2019-2030, (USD Million)
      4. By Organization Size
        1. Large Enterprises- Market Size & Forecast 2019-2030, (USD Million)
        2. SMEs- Market Size & Forecast 2019-2030, (USD Million)
      5. By End User
        1. Manufacturing- Market Size & Forecast 2019-2030, (USD Million)
        2. Energy & Utilities- Market Size & Forecast 2019-2030, (USD Million)
        3. Healthcare & Life Sciences- Market Size & Forecast 2019-2030, (USD Million)
        4. Transportation & Logistics- Market Size & Forecast 2019-2030, (USD Million)
        5. Telecom- Market Size & Forecast 2019-2030, (USD Million)
        6. Government & Public Sector- Market Size & Forecast 2019-2030, (USD Million)
        7. Education- Market Size & Forecast 2019-2030, (USD Million)
        8. Others- Market Size & Forecast 2019-2030, (USD Million)
      6. By Region
        1. North America
        2. South America
        3. Europe
        4. The Middle East & Africa
        5. Asia-Pacific
      7. By Company
        1. Competition Characteristics
        2. Revenue Shares
  12. North America Enterprise Asset Management Market Outlook, 2019- 2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Offering- Market Size & Forecast 2019-2030, (USD Million)
      2. By Application- Market Size & Forecast 2019-2030, (USD Million)
      3. By Deployment Model- Market Size & Forecast 2019-2030, (USD Million)
      4. By Organization Size- Market Size & Forecast 2019-2030, (USD Million)
      5. By End User- Market Size & Forecast 2019-2030, (USD Million)
      6. By Country- Market Size & Forecast 2019-2030, (USD Million)
        1. The US
        2. Canada
        3. Mexico
    3. The US Enterprise Asset Management Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Application- Market Size & Forecast 2019-2030, (USD Million)
        2. By Deployment Model- Market Size & Forecast 2019-2030, (USD Million)
        3. By End User- Market Size & Forecast 2019-2030, (USD Million)
    4. Canada Enterprise Asset Management Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Application- Market Size & Forecast 2019-2030, (USD Million)
        2. By Deployment Model- Market Size & Forecast 2019-2030, (USD Million)
        3. By End User- Market Size & Forecast 2019-2030, (USD Million)
    5. Mexico Enterprise Asset Management Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Application- Market Size & Forecast 2019-2030, (USD Million)
        2. By Deployment Model- Market Size & Forecast 2019-2030, (USD Million)
        3. By End User- Market Size & Forecast 2019-2030, (USD Million)
  13. South America Enterprise Asset Management Market Outlook, 2019- 2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Offering- Market Size & Forecast 2019-2030, (USD Million)
      2. By Application- Market Size & Forecast 2019-2030, (USD Million)
      3. By Deployment Model- Market Size & Forecast 2019-2030, (USD Million)
      4. By Organization Size- Market Size & Forecast 2019-2030, (USD Million)
      5. By End User- Market Size & Forecast 2019-2030, (USD Million)
      6. By Country- Market Size & Forecast 2019-2030, (USD Million)
        1. Brazil
        2. Argentina
        3. Rest of South America
    3. Brazil Enterprise Asset Management Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Application- Market Size & Forecast 2019-2030, (USD Million)
        2. By Deployment Model- Market Size & Forecast 2019-2030, (USD Million)
        3. By End User- Market Size & Forecast 2019-2030, (USD Million)
    4. Argentina Enterprise Asset Management Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Application- Market Size & Forecast 2019-2030, (USD Million)
        2. By Deployment Model- Market Size & Forecast 2019-2030, (USD Million)
        3. By End User- Market Size & Forecast 2019-2030, (USD Million)
  14. Europe Enterprise Asset Management Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Offering- Market Size & Forecast 2019-2030, (USD Million)
      2. By Application- Market Size & Forecast 2019-2030, (USD Million)
      3. By Deployment Model- Market Size & Forecast 2019-2030, (USD Million)
      4. By Organization Size- Market Size & Forecast 2019-2030, (USD Million)
      5. By End User- Market Size & Forecast 2019-2030, (USD Million)
      6. By Country- Market Size & Forecast 2019-2030, (USD Million)
        1. The UK
        2. Germany
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    3. The UK Enterprise Asset Management Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Application- Market Size & Forecast 2019-2030, (USD Million)
        2. By Deployment Model- Market Size & Forecast 2019-2030, (USD Million)
        3. By End User- Market Size & Forecast 2019-2030, (USD Million)
    4. Germany Enterprise Asset Management Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Application- Market Size & Forecast 2019-2030, (USD Million)
        2. By Deployment Model- Market Size & Forecast 2019-2030, (USD Million)
        3. By End User- Market Size & Forecast 2019-2030, (USD Million)
    5. France Enterprise Asset Management Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Application- Market Size & Forecast 2019-2030, (USD Million)
        2. By Deployment Model- Market Size & Forecast 2019-2030, (USD Million)
        3. By End User- Market Size & Forecast 2019-2030, (USD Million)
    6. Italy Enterprise Asset Management Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Application- Market Size & Forecast 2019-2030, (USD Million)
        2. By Deployment Model- Market Size & Forecast 2019-2030, (USD Million)
        3. By End User- Market Size & Forecast 2019-2030, (USD Million)
    7. Spain Enterprise Asset Management Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Application- Market Size & Forecast 2019-2030, (USD Million)
        2. By Deployment Model- Market Size & Forecast 2019-2030, (USD Million)
        3. By End User- Market Size & Forecast 2019-2030, (USD Million)
  15. The Middle East & Africa Enterprise Asset Management Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Offering- Market Size & Forecast 2019-2030, (USD Million)
      2. By Application- Market Size & Forecast 2019-2030, (USD Million)
      3. By Deployment Model- Market Size & Forecast 2019-2030, (USD Million)
      4. By Organization Size- Market Size & Forecast 2019-2030, (USD Million)
      5. By End User- Market Size & Forecast 2019-2030, (USD Million)
      6. By Country- Market Size & Forecast 2019-2030, (USD Million)
        1. Saudi Arabia
        2. The UAE
        3. South Africa
        4. Rest of the Middle East & Africa
    3. Saudi Arabia Enterprise Asset Management Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Application- Market Size & Forecast 2019-2030, (USD Million)
        2. By Deployment Model- Market Size & Forecast 2019-2030, (USD Million)
        3. By End User- Market Size & Forecast 2019-2030, (USD Million)
    4. The UAE Enterprise Asset Management Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Application- Market Size & Forecast 2019-2030, (USD Million)
        2. By Deployment Model- Market Size & Forecast 2019-2030, (USD Million)
        3. By End User- Market Size & Forecast 2019-2030, (USD Million)
    5. South Africa Enterprise Asset Management Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Application- Market Size & Forecast 2019-2030, (USD Million)
        2. By Deployment Model- Market Size & Forecast 2019-2030, (USD Million)
        3. By End User- Market Size & Forecast 2019-2030, (USD Million)
  16. Asia-Pacific Enterprise Asset Management Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Offering- Market Size & Forecast 2019-2030, (USD Million)
      2. By Application- Market Size & Forecast 2019-2030, (USD Million)
      3. By Deployment Model- Market Size & Forecast 2019-2030, (USD Million)
      4. By Organization Size- Market Size & Forecast 2019-2030, (USD Million)
      5. By End User- Market Size & Forecast 2019-2030, (USD Million)
      6. By Country- Market Size & Forecast 2019-2030, (USD Million)
        1. China
        2. Japan
        3. South Korea
        4. India
        5. Australia
        6. Rest of Asia-Pacific
    3. China Enterprise Asset Management Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Application- Market Size & Forecast 2019-2030, (USD Million)
        2. By Deployment Model- Market Size & Forecast 2019-2030, (USD Million)
        3. By End User- Market Size & Forecast 2019-2030, (USD Million)
    4. Japan Enterprise Asset Management Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Application- Market Size & Forecast 2019-2030, (USD Million)
        2. By Deployment Model- Market Size & Forecast 2019-2030, (USD Million)
        3. By End User- Market Size & Forecast 2019-2030, (USD Million)
    5. South Korea Enterprise Asset Management Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Application- Market Size & Forecast 2019-2030, (USD Million)
        2. By Deployment Model- Market Size & Forecast 2019-2030, (USD Million)
        3. By End User- Market Size & Forecast 2019-2030, (USD Million)
    6. India Enterprise Asset Management Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Application- Market Size & Forecast 2019-2030, (USD Million)
        2. By Deployment Model- Market Size & Forecast 2019-2030, (USD Million)
        3. By End User- Market Size & Forecast 2019-2030, (USD Million)
    7. Australia Enterprise Asset Management Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Application- Market Size & Forecast 2019-2030, (USD Million)
        2. By Deployment Model- Market Size & Forecast 2019-2030, (USD Million)
        3. By End User- Market Size & Forecast 2019-2030, (USD Million)
  17. Global Enterprise Asset Management Market Key Strategic Imperatives for Success & Growth
  18. Competitive Outlook
    1. Company Profiles
      1. IBM
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. SAP
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Oracle
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Hexagon
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. IFS
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Hitachi Energy
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Intelligent Process Solutions
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Accruent
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Aveva
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Aptean
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Emaint
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      12.  CGI
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      13. Upkeep
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      14. Assetworks
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      15. Ramco Systems
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      16. Others
  19. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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