Enterprise Asset Management Market To Accrue USD 8 Billion By Registering A CAGR of 11% By 2022

Enterprise Asset Management Global Market – Overview

Enterprises as they start expanding, they need a system to keep the record of their assets and help managing them. Enterprise Assets today, are connected in a complex ecosystem, accreting pulling in reams of data from the Internet of Things. Apart from managing and controlling assets, Enterprise Asset Management software using powerful analytics and cloud technologies, enables predictive maintenance and also helps businesses to make smart decisions based on cognitive analysis and insight. This is the predominant factor that dynamically drives the market of EAM.

According to a recent study report published by the Market Research Future, The global Enterprise Asset Management Market is booming and expected to gain prominence over the forecast period.  The Market is forecasted to demonstrate a humongous growth by 2022, surpassing its previous growth records in terms of value with a whooping CAGR during the anticipated period (2016 – 2022).  In 2016, the Global Enterprise Asset Management Software valued at USD ~4 billion which is expected to grow to USD ~ 8 billion by the end of forecast period with a double digit CAGR of ~11%.  Which means the market will increase twofold.

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Prominent Key Players

The prominent players in the market of Enterprise Asset Management are-

SAP SE (Germany),

Infor (U.S.),

IBM (U.S.),

Oracle Corporation (U.S.),

Schneider Electric (France),

AssetWorks LLC (U.S.),

IFS AB (Sweden),

ABB Group (Switzerland),

Mintek Mobile Data Solutions (U.S.),

Ramco Systems (India)

are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Enterprise Asset Management Market.

The factors that drive the market growth of Enterprise Asset Management Software include growing worldwide economy, increasing number of start –ups (enterprises/businesses) and the fast growing businesses coupled with the need to effectively manage valuable assets of organizations. Additionally Government’s encouraging initiatives and funding allotted for new businesses, venture and product development (One such as Make in India) is fostering the market growth up to a large extent. Moreover promising features of Enterprise Asset Management Software which provide cost effective optimization of asset life cycle and offer a fully scalable, modular solution that grows with the needs of organizations provides impetus to market sales of EAM eventually, accelerating its market growth.

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Recent News

Nov. 07, 2017 – PowerPlan (US), provider of strategic corporate performance software for asset-intensive companies, and MACS EU Ltd, one of Europe’s largest IBM Gold Business Partners for the Enterprise Asset Management solution IBM® Maximo®, announce their partnership. This partnership enables IBM® Maximo® to offer their clients a complete EAM solution, including the opportunity to make asset investment decisions and asset lifecycle costing analysis, which closes the gap between operations and accounting.

Nov. 08, 2017 – Infor (US), provider of beautiful business applications specialized by industry and built for the cloud, announced the launch of an updated version of Infor Enterprise Asset Management, an application that delivers consumable, actionable insights to help companies proactively manage assets, asset information, and maintenance activities. The latest version of Infor EAM, version 11.3.2, is now generally available in the cloud as well as via Infor CloudSuite™ Facilities Management, and delivers several new features for tracking, mobility and management. Infor EAM includes several industry-specific features designed to simplify asset management for manufacturing, facilities, life sciences, fleet/transportation, municipalities, and public sector organizations.

Intended Audience

Enterprise Asset Management Software Providers

SMEs and Large Enterprise Asset Management Organization

Training and Education Service Providers

Enterprise Asset Management Vendors

Construction Companies

Cloud Service Providers

Network Service Providers

Support and Maintenance Service Providers

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Table of Content

1      Market Introduction   

      1.1    Introduction   

      1.2    Scope Of Study

            1.2.1  Research Objective

            1.2.2   Assumptions

            1.2.3   Limitations

      1.3      Market Structure:

            1.3.1    Global Enterprise Asset Management Market: By Deployment

            1.3.2    Global Enterprise Asset Management Market: By Organization Type

            1.3.3    Global Enterprise Asset Management Market: By Application Vertical

2    Research Methodology

      2.1    Research Type

      2.2    Primary Research

      2.3    Secondary Research

      2.4    Forecast Model

            2.4.1    Market Data Collection, Analysis & Forecast

            2.4.2    Market Size Estimation

            2.4.3    Market Crackdown & Data Triangulation

3    Global Enterprise Asset Management Market: Overview

      3.1      Introduction

            3.1.1    Definition

            3.1.2    Market Segmentation Of Enterprise Asset Management Market

4    Global Enterprise Asset Management Market, Competitive Landscape

      4.1    Key Strategies And Developments

            4.1.1    Acquisitions

            4.1.2    Partnerships & Collaborations

            4.1.3    Product Launch

            4.1.4    Business Expansion

            4.1.5    Others   

      4.2    Porter’s Five Forces Analysis

            4.2.1    Threat Of New Entrants

            4.2.2    Bargaining Power Of Buyers

            4.2.3    Bargaining Power Of Suppliers

            4.2.4    Threat Of Substitutes   

            4.2.5    Intensity Of Competitive Rivalry

5    Market Overview

      5.1    Introduction

      5.2    Market Drivers

      5.3    Market Challenges

      5.4    Market Opportunities   

6    Global Enterprise Asset Management Market, Estimation & Forecast, By Deployment

Continued…..

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