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

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Factors such as the surging deployment of enterprise asset management (EAM) solutions foreffective utilization of assets, increasing need for the reduction of procurement andmaintenance expenses, improved return on assets (ROA), growing internet of things (IoT)sector, rising number of construction projects, and mounting alertness regarding predictiveanalytics among large enterprises are expected to drive the enterprise asset managementmarket in the foreseeable period (2020–2030) at a CAGR of 14.2%. According to P&SIntelligence, 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 needfor the reduction of procurement and maintenance expenses. EAM can help in minimizingmaintenance costs by providing better information on capital investment, closely tracking ofoperations, and effectively controlling of equipment. Furthermore, it can reduce operatingcosts by mounting project return on investment (ROI), minimizing procurement cost ofmaterials, and reducing maintenance cost. Further, the surging need of enterprises to optimizetheir operation costs by a significant number results in high demand for EAM solutions.Request to Get the Sample Pages: https://www.psmarketresearch.com/marketanalysis/enterprise-asset-management-market/report-sampleGeographically, the North American enterprise asset management market accounted for thelargest share in 2020. This is ascribed to the existence of several market players, increase inadoption of EAM services and solutions in several industries, presence of a large number ofend users, rise in need to meet strict regulatory compliances, and high public and privateinvestments for better management of equipment and assets, in the region. Moreover,companies focusing on safeguarding supply chain management (SCM), asset utilization, andpredictive utilization, to streamline business operations, are also driving the regional marketgrowth.Thus, the surging need for the reduction of procurement and maintenance expenses and theincreasing deployment of EAM solutions for effective utilization of assets are expected topropel the market growth during the forecast period.Market Segmentation by Offering Solutiono Asset lifecycle managemento Inventory managemento Work order managemento Labor managemento Predictive maintenanceo Facility managemento Reporting and analytics© Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved2
Serviceo Professionalo ManagedMarket Segmentation by Enterprise Large Enterprises Small and Medium Enterprises (SMEs)Market Segmentation by Deployment On-Premises CloudMarket 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 Marketo By offeringo By enterpriseo By deploymento By verticalo By country – U.S. and Canada• U.S. EAM market• By vertical Europe EAM Marketo By offeringo By enterpriseo By deploymento By verticalo By country – Germany, France, U.K., Italy, Spain, and Rest of Europe• U.K. EAM market• By vertical• Germany EAM market© Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved3
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Enterprise Asset Management Market Key Trends And Opportunity Areas by Leading Players

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