Enterprise Asset Management Market Trends, Analysis & Forecast, 2032

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Enterprise Asset Management Market 2023-2032
Growth Forecast Industry Share Report
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• Industry Insights

• As per a recent research report, Enterprise Asset
  Management Market to surpass USD 12 Bn by 2032.
• Global Enterprise Asset Management (EAM) Market
  is set to witness substantial traction between
  2023 and 2032, primarily owing to a paradigm
  shift from legacy asset management methods to
  modern asset management. Modern asset management
  solutions are being largely adopted owning to
  their positive attributes including time saving
  and reduced dependency on human labor.
• Moreover, key market providers in the EAM
  industry are also strengthening their market
  positions by expanding their portfolios and
  engaging in mergers, acquisitions, and joint
  ventures. To cite an instance, in January 2023,
  Goldman Sachs Asset Management announced the
  acquisition of Cprime, under its partnership with
  Everstone Capital Partners. As per reports, this
  acquisition will strengthen Cprime's position as
  a provider of digital technology across the
  market.

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• In yet another instance, in January 2023, NPRA
  commissioned Trimble's AgileAssets to maintain,
  operate, and manage Norway's 10,600-kilometer
  road network and other transportation
  infrastructure. Besides, as per reports, with
  Trimble's AgileAssets and Quadri, the company
  will be able to meet the increasing customer
  demands by leveraging connected data to improve
  performance.
• Overall, the EAM market has been segmented in
  terms of component, solution, service, deployment
  model, enterprise size, application, end-user,
  and region.
• Based on the component, the service segment is
  anticipated to grow significantly and would reach
  a more than 37 market share through 2032. The
  segmental growth can be credited to the rising
  demand for professional and managed asset
  maintenance services across various industries.
  Besides, contemporary EAM solutions also offer
  other benefits including cost-effectiveness and
  optimized processes, benefitting industries.
• On the basis of the solution, the enterprise
  asset management market is likely to be
  characterized by the work order management
  segment, which will witness significant growth
  through 2023-2032. The sectoral growth will be
  driven by the increasing requirement for
  automation of maintenance and repair work by
  various organizations.

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• Regional Analysis

The enterprise asset management market in the
Asia Pacific region is anticipated to grow at
more than 12 CAGR by 2032. The regional market
progression will be driven by the increasing
adoption of industry 4.0 by the manufacturing,
automotive, and engineering sectors, owing to the
product benefits such as compliance, efficiency,
and transparency.

• Competitive Analysis

• ABB Ltd, Aptean, Inc., Asset Infinity, Aveva
  Group Plc, Assetpanda, Assetworks LLC, CGI Group
  Inc., Cheqroom NV, Emaint, and Ezmaintain.com

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