Enterprise Asset Management Market

1
2022
Enterprise Asset Management Market Opportunities,
Companies and Trends in Coming Years
2
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 (20202030) at a CAGR of
14.2. According to PS 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.
3
The offering segment of the enterprise asset
management market is categorized into solution
and service. Between the two, the solution
category accounted for a larger market share in
2020. This is ascribed to the increasing need for
better ROI on assets, rising demand for effective
management of enterprise assets and resources,
mounting need for streamlined business
operations, and growing industries, such as
retail, manufacturing, telecommunications, and
healthcare. Whereas, the service category is
projected to record faster growth in the coming
years, owing to the increasing need for
professional and managed services from businesses
for smooth business operations. Moreover, on the
basis of vertical, the enterprise asset
management market is classified into energy and
utilities, healthcare and life sciences,
manufacturing, government and defense,
transportation and logistics, IT and telecom, oil
and gas, and others. Out of these, the healthcare
and life sciences category is expected to witness
the fastest growth in the coming years. This can
be ascribed to the high healthcare spending,
rapid utilization of advanced medical equipment,
increased focus on advanced patient care
management, improved performance monitoring, and
rise in need to accomplish compliance
procedures. Request to Get the Sample Report
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nterprise-asset-management-market/report-sample
4

• 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.
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  2030

5

• Market Segmentation by Offering
• Solution
• Asset lifecycle management
• Inventory management
• Work order management
• Labor management
• Predictive maintenance
• Facility management
• Reporting and analytics
• Service
• Professional
• Managed
• Market Segmentation by Enterprise
• Large Enterprises
• Small and Medium Enterprises (SMEs)

6

• 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)

7

• Market Segmentation by Region
• North America EAM Market
• By offering
• By enterprise
• By deployment
• By vertical
• By country U.S. and Canada
• U.S. EAM market
• By vertical
• Europe EAM Market
• By offering
• By enterprise
• By deployment
• By vertical
• By country Germany, France, U.K., Italy, Spain,
  and Rest of Europe
• U.K. EAM market
• By vertical
• Germany EAM market
• By vertical

8

• Asia-Pacific (APAC)
• Japan
• China
• India
• Australia
• South Korea
• Latin America (LATAM)
• By offering
• By enterprise
• By deployment
• By vertical
• By country Brazil, Mexico, and Rest of LATAM
• Middle East and Africa (MEA) EAM Market
• By offering
• By enterprise
• By deployment
• By vertical
• By country Saudi Arabia, U.A.E., Turkey, South
  Africa, and Rest of MEA

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This study covers 1. Historical and the present
size of the Enterprise Asset Management
Market 2. Historical and the present size of the
market segments and understand their comparative
future potential 3. Potential of on-demand
logistics services, so the market players make
informed decisions on the sales of their
offerings 4. Competitive scenario of various
market segments across key countries in several
regions for uncovering market opportunities for
the stakeholders 5. Major players operating in
the market and their service offerings
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