The enterprise asset management aids the companies and enterprises in minimizing their overall downtime as well as increase the overall efficiency of their production by real time monitoring of solutions. Owing to the increasing number of healthcare and government organizations adopting advanced enterprise asset management solutions, the global enterprise asset management market has witnessed a tremendous increase across all the crucial economies, globally. Moreover, rising infrastructural development across the globe coupled with increasing spending on information & communication technologies, especially in the field of asset management are some of the key factors driving the overall demand for enterprise asset management.
The enterprise asset management market is anticipated to witness a moderate pace of growth over the forecast period. In addition, North America is projected to account for the largest share in the global enterprise asset management market. It is also expected to register the highest adoption of enterprise asset management solutions over the forecast period. Furthermore, long term benefits of adopting enterprise asset management solutions can furnish and aid the enterprise and organizations to narrow down overall costs related to several business operations and processes and improve the maintenance and management control of their respective assets.
Some of the key factors supporting the market growth include a rapid paradigm shift towards cloud based services and rising trend of internet of things. Also, organizations are gradually investing in software as a substitute for manual human labor which is a key factor expected to bolster the growth of global enterprise asset management market over the forecast period. However, high initial costs associated with implementing and designing enterprise asset management solutions is a key factor hampering the growth of global enterprise asset management market. In addition, lack of strategic planning after installation of enterprise asset management solution coupled with lack of skilled labor required to manage enterprise asset management processes are some other key aspects anticipated to hinder the growth of global enterprise asset management market over the forecast period.
The enterprise asset management market is segmented based on software, service, organization size, vertical and region. On the basis of software, the global enterprise asset management market can be segmented into linear assets (electricity transmission lines, roads, pipelines, and railways), non-linear assets (buildings, equipment, and fleet), field service management and assets MRO. On the basis of service, the global enterprise asset management market can be segmented into implementation service, managed service and training & support service. On the basis of organization size, the global enterprise asset management market can be segmented into small & medium business and large enterprises. On the basis of vertical, the global enterprise asset management market can be segmented into government, oil & gas, manufacturing, healthcare, transportation, energy & utilities and others. On the basis of region, the global enterprise asset management market can be segmented into North America, Latin America, Europe, Middle East & Africa and Asia-Pacific.
Enterprise Asset Management Market
2015 – 2025
2015 – 2016
2018 – 2025
Software, Service, Organization Size, Vertical, Geography
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)
Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,
Player Profiling, Value Chain Analysis
Major players operating in the global enterprise asset management market are focusing on some key market strategies such as mergers and acquisitions to keep hold in the ever competitive market. Some of the key players operating in the global enterprise asset management market include SAP SE, IBM Corporation, ABB Ltd., Oracle Corporation, Infor Inc., IFS AB, CARL International SA, Ultimo Software Solutions BV, LLC, Mainsaver Software Inc., eMaint Enterprises, AssetWorks LLC and MEX Pty Ltd. among others.
Market By Software
· Linear assets (electricity transmission lines, roads, pipelines, and railways)
· Non-linear assets (buildings, equipment, and fleet)
· Field service management
· Assets Maintenance, Repair, and Operations (MRO)
Market By Service
· Implementation service
· Managed service
· Training & support
Market By Organization Size
· Small & medium business
· Large enterprises
Market By Vertical
· Oil & gas
· Energy & utilities
Market By Geography
· North America
o Rest of Europe
o Rest of Asia-Pacific
· Latin America
o Rest of Latin America
· Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
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