The Global Enterprise Asset Management (EAM) Market size is expected to grow from USD 5.39 billion in 2023 to USD 13.23 billion by 2032, at a CAGR of 10.49% during the forecast period (2024-2032).

Enterprise asset management (EAM) systems emerged in the 1980s as an extension of the Computerized Maintenance Management Systems (CMMS). Enterprise asset management (EAM) structures had been designed to substitute manual maintenance systems, and also to satisfy a need to establish robust asset management tactics as the numbers of belongings utilized by organizations grew. Enterprise asset management (EAM) is an essential business region for any massive business enterprise that relies upon on physical belongings for production. Furthermore, Enterprise asset management (EAM) refers to a hard and fast of equipment, software program, and practices consisting of Enterprise asset management (EAM) software program, that lets in businesses to function efficient facility management.

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Top Leading Key Players:

ABB (Switzerland), CGI Inc. (Canada), Dude Solutions Inc. (US), eMaint Enterprises LLC (US), IBM Corporation (US), IFS AB (Sweden), Infor (US), Oracle Corporation (US), Ramco Systems Ltd. (Chennai), SAP SE (Germany), Schneider Electric SA (France), IPS (Germany), Accruent (US), AVEVA Group plc (UK), Aptean (US), Professional Datasolutions Inc (US), AssetWorks LLC (US), Ultimo Software Solutions Inc (US), EZOfficeInventory (US), AssetInfinity (India), InnoMaint Software (India), Aladinme (UAE), Limble (US), Redlist (US), TrackX (US), Cheqroom (Belgium), The Asset Guardian (Canada), GoCodes (US), Fleetio (US), Upkeep Maintenance Management (US) and other major players.

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Market Dynamics and Key Factors of Enterprise Asset Management (EAM) Market

Drivers:

  • Enterprise asset control, informs renovation managers regarding the whereabouts of an asset, what are its requirements, who must paintings on it, and whilst. Enterprise asset control (EAM) automates vital asset management workflows and makes them reachable and auditable accordingly, growing centralized asset data. Moreover, to keep device for strong and continuous operations Enterprise asset management (EAM) software program supports preventive talents. It facilitates certify assurance compliance and preempt troubles that interrupt manufacturing thus, promoting the boom of the Enterprise asset management (EAM) market in the length of forecast. Additionally, AI-powered remote tracking presents actionable insight into present day and expected states of belongings. It aggregates information throughout departments and records silos, allowing for fewer, extra accurate alerts and superior choice-making thus, tracking information more smartly.

Restraints:

  • Many firms suffer from a lack of knowledge of the inherent layout skills of their property and secondly, how first-class to utilize within their levels to boom the asset life cycle. For a few properties, operating under or above the design variety might also negatively have an effect on the existence of the asset thus retarding the Enterprise asset control (EAM) marketplace improvement. Moreover, throughout the useful section of property, there are many troubles regarding the maintenance such as over protection and underneath upkeep, these each problem can incur huge charges as a consequence, limiting the boom of the Enterprise asset control (EAM) market growth. With the upward thrust within the adoption of cloud-based solutions, there has been an enormous upward thrust in cyber-assaults.

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Segmentation Analysis of Enterprise Asset Management (EAM) Market:

By Component

  • Solutions
  • Services

By Deployment Type

  • Cloud-Based
  • On-Premise

By Enterprise Size

  • Large Enterprises
  • SMEs

By End Users

  • Energy & Utilities
  • Chemicals
  • Petroleum & Mining
  • Manufacturing
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

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