Enterprise Asset Management Market Key Trends And Opportunity Areas by Leading Players

Enterprise Asset Management Market Size, Business Opportunities,
Growth, Challenges, Trends and Forecast 2030
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Factors such as the surging deployment of enterprise asset management (EAM) solutions for
effective utilization of assets, increasing need for the reduction of procurement and
maintenance expenses, improved return on assets (ROA), growing internet of things (IoT)
sector, rising number of construction projects, and mounting alertness regarding predictive
analytics among large enterprises are expected to drive the enterprise asset management
market in the foreseeable period (2020–2030) at a CAGR of 14.2%. According to P&S
Intelligence, the market size stood at $5,682.1 million in 2020, which is expected to reach
$21,471.3 million in 2030.
One of the prime factors aiding the enterprise asset management market is the surging need
for the reduction of procurement and maintenance expenses. EAM can help in minimizing
maintenance costs by providing better information on capital investment, closely tracking of
operations, and effectively controlling of equipment. Furthermore, it can reduce operating
costs by mounting project return on investment (ROI), minimizing procurement cost of
materials, and reducing maintenance cost. Further, the surging need of enterprises to optimize
their operation costs by a significant number results in high demand for EAM solutions.
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Geographically, the North American enterprise asset management market accounted for the
largest share in 2020. This is ascribed to the existence of several market players, increase in
adoption of EAM services and solutions in several industries, presence of a large number of
end users, rise in need to meet strict regulatory compliances, and high public and private
investments for better management of equipment and assets, in the region. Moreover,
companies focusing on safeguarding supply chain management (SCM), asset utilization, and
predictive utilization, to streamline business operations, are also driving the regional market
growth.
Thus, the surging need for the reduction of procurement and maintenance expenses and the
increasing deployment of EAM solutions for effective utilization of assets are expected to
propel the market growth during the forecast period.
Market Segmentation by Offering
Solution
o Asset lifecycle management
o Inventory management
o Work order management
o Labor management
o Predictive maintenance
o Facility management
o Reporting and analytics
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Service
o Professional
o Managed
Market Segmentation by Enterprise
Large Enterprises
Small and Medium Enterprises (SMEs)
Market Segmentation by Deployment
On-Premises
Cloud
Market Segmentation by Vertical
Energy and Utilities
Manufacturing
Healthcare and Life Sciences
Transportation and Logistics
Information Technology (IT) and Telecom
Government and Defense
Oil and Gas
Others (Retail and Metal and Mining)
Market Segmentation by Region
North America EAM Market
o By offering
o By enterprise
o By deployment
o By vertical
o By country – U.S. and Canada
• U.S. EAM market
• By vertical
Europe EAM Market
o By offering
o By enterprise
o By deployment
o By vertical
o By country – Germany, France, U.K., Italy, Spain, and Rest of Europe
• U.K. EAM market
• By vertical
• Germany EAM market
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• By vertical
Asia-Pacific (APAC) EAM Market
o By offering
o By enterprise
o By deployment
o By vertical
o By country – Japan, China, India, Australia, South Korea, and Rest of APAC
• China EAM market
• By vertical
• Japan EAM market
• By vertical
Latin America (LATAM) EAM Market
o By offering
o By enterprise
o By deployment
o By vertical
o By country – Brazil, Mexico, and Rest of LATAM
Middle East and Africa (MEA) EAM Market
o By offering
o By enterprise
o By deployment
o By vertical
o By country – Saudi Arabia, U.A.E., Turkey, South Africa, and Rest of MEA
This study covers
1. Historical and the present size of the Enterprise Asset Management Market
2. Future potential of the market through its forecast for the period 2020– 2030
3. Historical and the present size of the market segments and understand their
comparative future potential
4. Potential of on-demand logistics services, so the market players make informed
decisions on the sales of their offerings
5. Competitive scenario of various market segments across key countries in several
regions for uncovering market opportunities for the stakeholders
6. Major players operating in the market and their service offerings
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