The enterprise asset management market is expected to grow from USD 3.5 billion in 2020 to USD 7.02 billion by 2028, at a CAGR of 9.1% during the forecast period 2021-2028.
The combination of system, service, and software utilized to control & maintain operational equipment and assets is called enterprise asset management. The aim & objective of enterprise asset management is to optimize the utilization and quality of assets throughout their lifecycle, reduce operational cost, and increase productivity. Enterprise asset management includes assets maintenance, supply chain management & environment, work management, planning & scheduling, health & safety initiatives. Enterprise asset management is used to plan, execute, track, and optimize the needed maintenance activities. Enterprise asset management solutions allow businesses to monitor increasing return on assets, aging infrastructure and facilitate asset tracking.
The enterprise asset management market is witnessing significant transformation with the advent of new technologies and supplementary. The evolution of IoT (Internet of Things) has fuelled the demand for enterprise asset management systems. IoT assists in procuring and monitoring data from remote sites. The growing adoption of advanced technologies in enterprise asset management for helping the enterprises in assessing, managing, optimizing, and tracking asset reliability & quality has caused a surge in the enterprise asset management market. The acquisition of several businesses to strengthen the capabilities is set to drive the demand for numerous firms. These are the factors driving the global enterprise asset management market. The gap between customer and solution delivered to them, rising presence of specialist solution providers and significant vendors limits the global market growth of enterprise asset management.
This study delivers a comprehensive analysis of deployment, application, end-use, and region. The deployment segment includes cloud and on-premise. The on-premise is leading the deployment segment. The growth is attributed to rising demand by organizations that require control over information security about companies and customers. The on-premise deployment of enterprise asset management solutions needs high initial investment by companies. The application segment involves inventory management, labor management, work order management, asset lifecycle management, predictive management, and facility management. The asset lifecycle management is leading the application segment. The growth is attributed to its process of optimizing profits produced by assets throughout the lifecycle. The asset lifecycle management assists in increasing the company's production by helping end-users to make informed decisions on IT services and needs. The end-use segment involves energy & utilities, government & public sector, transportation & logistics, manufacturing, IT & telecommunications, and education. Transportation is leading the end-use segment. The growth is attributed to rising pressure to control costs and maximize returns on assets.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia-Pacific is leading the regional segment. The growth is attributed to fast technology adaptation, and the growing demand for digitization is driven by several initiatives by the governments & large enterprises in the Asia-Pacific region. Countries like Japan, China, India, Australia, Indonesia, and Singapore are leading the technology adoption that involves embracing new-age technology such as edge, IoT, AI, cloud, and analytics.
Some notable players in the enterprise asset management market are SAP, IBM Corporation, Oracle Corporation, IFS, Infor, Maintenance Connection, Aveva, Intelligent Process Solutions, Aptean, UpKeep, etc.
Enterprise Asset Management Market Analysis and Forecast, Deployment
Enterprise Asset Management Market Analysis and Forecast, Application
Enterprise Asset Management Market Analysis and Forecast, End-use
Enterprise Asset Management Market Analysis and Forecast, Region
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Application
4.3.2. Market Attractiveness Analysis By End-use
4.3.3. Market Attractiveness Analysis By Deployment
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Evolution of IoT
5.2.2. Growing adoption of advanced technologies
5.3. Restrains
5.3.1. Gap between customer and solution delivered
5.3.2. Rising presence of specialist solution providers
5.4. Opportunities
5.4.1. Demand from North America region
6. Global Enterprise Asset Management Market Analysis and Forecast, By Application
6.1. Segment Overview
6.2. Inventory management
6.3. Asset lifecycle management
6.4. Work order management
6.5. Predictive management
6.6. Facility management
6.7. Labor management
7. Global Enterprise Asset Management Market Analysis and Forecast, By End-use
7.1. Segment Overview
7.2. Healthcare & life science
7.3. Energy & utilities
7.4. Transportation & logistics
7.5. IT & telecommunication
7.6. Manufacturing
7.7. Education
7.8. Government & public sector
8. Global Enterprise Asset Management Market Analysis and Forecast, By Deployment
8.1. Segment Overview
8.2. Cloud
8.3. On-premise
9. Global Enterprise Asset Management Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Enterprise Asset Management Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Enterprise Asset Management Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Application Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. SAP
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. IFS
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. IBM Corporation
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Infor
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Oracle Corporation
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Maintenance Connection
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Aveva
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Intelligent Process Solution
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Aptean
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. UpKeep
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
List of Table
1. Global Enterprise Asset Management Market, By End-Use, 2018-2028 (USD Billion)
2. Global Energy & Utilities, Enterprise Asset Management Market, By Region, 2018-2028 (USD Billion)
3. Global Government & Public Sector, Enterprise Asset Management Market, By Region, 2018-2028 (USD Billion)
4. Global Transportation & Logistics, Enterprise Asset Management Market, By Region, 2018-2028 (USD Billion)
5. Global IT & Telecommunication, Enterprise Asset Management Market, By Region, 2018-2028 (USD Billion)
6. Global Healthcare & Life Science, Enterprise Asset Management Market, By Region, 2018-2028 (USD Billion)
7. Global Manufacturing, Enterprise Asset Management Market, By Region, 2018-2028 (USD Billion)
8. Global Education, Enterprise Asset Management Market, By Region, 2018-2028 (USD Billion)
9. Global Enterprise Asset Management Market, By Application, 2018-2028 (USD Billion)
10. Global Inventory Management, Enterprise Asset Management Market, By Region, 2018-2028 (USD Billion)
11. Global Asset Lifecycle Management, Enterprise Asset Management Market, By Region, 2018-2028 (USD Billion)
12. Global Work Order Management, Enterprise Asset Management Market, By Region, 2018-2028 (USD Billion)
13. Global Predictive Management, Enterprise Asset Management Market, By Region, 2018-2028 (USD Billion)
14. Global Facility Management, Enterprise Asset Management Market, By Region, 2018-2028 (USD Billion)
15. Global Labor Management, Enterprise Asset Management Market, By Region, 2018-2028 (USD Billion)
16. Global Enterprise Asset Management Market, By Deployment, 2018-2028 (USD Billion)
17. Global Cloud, Enterprise Asset Management Market, By Region, 2018-2028 (USD Billion)
18. Global On-Premise, Enterprise Asset Management Market, By Region, 2018-2028 (USD Billion)
19. North America Enterprise Asset Management Market, By Deployment, 2018-2028 (USD Billion)
20. North America Enterprise Asset Management Market, By Application, 2018-2028 (USD Billion)
21. North America Enterprise Asset Management Market, By End-Use, 2018-2028 (USD Billion)
22. U.S. Enterprise Asset Management Market, By Deployment, 2018-2028 (USD Billion)
23. U.S. Enterprise Asset Management Market, By Application, 2018-2028 (USD Billion)
24. U.S. Enterprise Asset Management Market, By End-Use, 2018-2028 (USD Billion)
25. Canada Enterprise Asset Management Market, By Deployment, 2018-2028 (USD Billion)
26. Canada Enterprise Asset Management Market, By Application, 2018-2028 (USD Billion)
27. Canada Enterprise Asset Management Market, By End-Use, 2018-2028 (USD Billion)
28. Mexico Enterprise Asset Management Market, By Deployment, 2018-2028 (USD Billion)
29. Mexico Enterprise Asset Management Market, By Application, 2018-2028 (USD Billion)
30. Mexico Enterprise Asset Management Market, By End-Use, 2018-2028 (USD Billion)
31. Europe Enterprise Asset Management Market, By Deployment, 2018-2028 (USD Billion)
32. Europe Enterprise Asset Management Market, By Application, 2018-2028 (USD Billion)
33. Europe Enterprise Asset Management Market, By End-Use, 2018-2028 (USD Billion)
34. Germany Enterprise Asset Management Market, By Deployment, 2018-2028 (USD Billion)
35. Germany Enterprise Asset Management Market, By Application, 2018-2028 (USD Billion)
36. Germany Enterprise Asset Management Market, By End-Use, 2018-2028 (USD Billion)
37. France Enterprise Asset Management Market, By Deployment, 2018-2028 (USD Billion)
38. France Enterprise Asset Management Market, By Application, 2018-2028 (USD Billion)
39. France Enterprise Asset Management Market, By End-Use, 2018-2028 (USD Billion)
40. U.K. Enterprise Asset Management Market, By Deployment, 2018-2028 (USD Billion)
41. U.K. Enterprise Asset Management Market, By Application, 2018-2028 (USD Billion)
42. U.K. Enterprise Asset Management Market, By End-Use, 2018-2028 (USD Billion)
43. Italy Enterprise Asset Management Market, By Deployment, 2018-2028 (USD Billion)
44. Italy Enterprise Asset Management Market, By Application, 2018-2028 (USD Billion)
45. Italy Enterprise Asset Management Market, By End-Use, 2018-2028 (USD Billion)
46. Spain Enterprise Asset Management Market, By Deployment, 2018-2028 (USD Billion)
47. Spain Enterprise Asset Management Market, By Application, 2018-2028 (USD Billion)
48. Spain Enterprise Asset Management Market, By End-Use, 2018-2028 (USD Billion)
49. Asia Pacific Enterprise Asset Management Market, By Deployment, 2018-2028 (USD Billion)
50. Asia Pacific Enterprise Asset Management Market, By Application, 2018-2028 (USD Billion)
51. Asia Pacific Enterprise Asset Management Market, By End-Use, 2018-2028 (USD Billion)
52. Japan Enterprise Asset Management Market, By Deployment, 2018-2028 (USD Billion)
53. Japan Enterprise Asset Management Market, By Application, 2018-2028 (USD Billion)
54. Japan Enterprise Asset Management Market, By End-Use, 2018-2028 (USD Billion)
55. China Enterprise Asset Management Market, By Deployment, 2018-2028 (USD Billion)
56. China Enterprise Asset Management Market, By Application, 2018-2028 (USD Billion)
57. China Enterprise Asset Management Market, By End-Use, 2018-2028 (USD Billion)
58. India Enterprise Asset Management Market, By Deployment, 2018-2028 (USD Billion)
59. India Enterprise Asset Management Market, By Application, 2018-2028 (USD Billion)
60. India Enterprise Asset Management Market, By End-Use, 2018-2028 (USD Billion)
61. South America Enterprise Asset Management Market, By Deployment, 2018-2028 (USD Billion)
62. South America Enterprise Asset Management Market, By Application, 2018-2028 (USD Billion)
63. South America Enterprise Asset Management Market, By End-Use, 2018-2028 (USD Billion)
64. Brazil Enterprise Asset Management Market, By Deployment, 2018-2028 (USD Billion)
65. Brazil Enterprise Asset Management Market, By Application, 2018-2028 (USD Billion)
66. Brazil Enterprise Asset Management Market, By End-Use, 2018-2028 (USD Billion)
67. Middle East And Africa Enterprise Asset Management Market, By Deployment, 2018-2028 (USD Billion)
68. Middle East And Africa Enterprise Asset Management Market, By Application, 2018-2028 (USD Billion)
69. Middle East Enterprise Asset Management Market, By End-Use, 2018-2028 (USD Billion)
70. UAE Enterprise Asset Management Market, By Deployment, 2018-2028 (USD Billion)
71. UAE Enterprise Asset Management Market, By Application, 2018-2028 (USD Billion)
72. UAE Enterprise Asset Management Market, By End-Use, 2018-2028 (USD Billion)
73. South Africa Enterprise Asset Management Market, By Deployment, 2018-2028 (USD Billion)
74. South Africa Enterprise Asset Management Market, By Application, 2018-2028 (USD Billion)
75. South Africa Enterprise Asset Management Market, By End-Use, 2018-2028 (USD Billion)
List Of Figures
1. Global Enterprise Asset Management Market Segmentation
2. Global Enterprise Asset Management Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Enterprise Asset Management Market Attractiveness Analysis By Deployment
9. Global Enterprise Asset Management Market Attractiveness Analysis By Application
10. Global Enterprise Asset Management Market Attractiveness Analysis By End-Use
11. Global Enterprise Asset Management Market Attractiveness Analysis By Region
12. Global Enterprise Asset Management Market: Dynamics
13. Global Enterprise Asset Management Market Share By Deployment (2021 & 2028)
14. Global Enterprise Asset Management Market Share By Application (2021 & 2028)
15. Global Enterprise Asset Management Market Share By End-Use (2021 & 2028)
16. Global Enterprise Asset Management Market Share By Regions (2021 & 2028)
17. Global Enterprise Asset Management Market Share By Company (2020)
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