Dublin, December 29, 2021 (GLOBE NEWSWIRE) – The report “Enterprise Asset Management Market Research Report – Global Industry Analysis and Growth Forecast to 2030” has been added to ResearchAndMarkets.com offer.
The global enterprise asset management market value in 2030 is likely to be $ 21,471.3 million, up from $ 5,682.1 million in 2020 at a CAGR of 14.2% between 2020 and 2030.
This will primarily be because EAM helps reduce O&M costs and increase Return on Assets (ROA). This is done by tracking operations, using advanced maintenance solutions for effective equipment control, reducing equipment procurement costs, and providing a better understanding of capital investment decisions.
EAM includes solutions for asset lifecycle management, work order management, inventory management, workforce management, facilities management, predictive maintenance, as well as Reporting and analysis, which increase employee productivity, prevent unplanned system failures (thereby minimizing maintenance costs) and provide a better return on investment (ROI). This is why after initially not spending on such solutions during the COVID-19 pandemic, companies are now doing so.
The demand for EAM integration and deployment, consulting, training, monitoring and upgrade services will increase rapidly in the years to come.
Due to the wide range of assets they own and their improved financial stability, large companies have so far contributed to the highest incomes of players in the enterprise asset management market.
Going forward, the preference for cloud-based EAM solutions will grow faster with increasing demand for anytime, anywhere data access, scalability, and reduced IT spend.
The manufacturing sector is the largest user of EAM solutions as it encompasses a large number of factories, workers, warehouses and machinery.
The leading companies in the enterprise asset management market are Oracle Corporation, IBM Corporation, SAP SE, Schneider Electric SE, Industrial and Financial Services (IFS) AB, ABB Ltd., MRI Software LLC, Infor Inc., CGI Inc., Ramco Systems Limited, Bentley Systems Incorporated and Rockwell Automation Inc. Since they all have a global presence, competition in the market is tough, which is why they engage in mergers and acquisitions and launch new ones. EAM solutions.
Additionally, with many of these companies based in the United States, North America is poised to dominate the enterprise asset management market throughout this decade. Other key reasons for the massive adoption of these solutions in the region are its developed IT infrastructure, its extremely productive manufacturing industry, and the focus by US and Canadian companies on optimal asset utilization, predictive maintenance and effective supply chain management (SCM).
Key topics covered
Chapter 1. Research Context
Chapter 2. Research methodology
Chapter 3. Executive summary
3.1 Voices of Industry Experts / KOL
Chapter 4. Presentation
4.1 Definition of market segments
4.1.1 By offering
184.108.40.206.1 Asset lifecycle management
220.127.116.11.2 Inventory management
18.104.22.168.3 Management of work orders
22.214.171.124.4 Work management
126.96.36.199.5 Predictive maintenance
188.8.131.52.6 Facility management
184.108.40.206.7 Reports and analyzes
4.1.2 By deployment
220.127.116.11 On site
4.1.3 By company
18.104.22.168 Large companies
4.1.4 By vertical
22.214.171.124 Government and Defense
126.96.36.199 Oil and gas
188.8.131.52 Health and life sciences
184.108.40.206 Transport and logistics
220.127.116.11 Energy and utilities
18.104.22.168 IT and Telecom
4.2 Value chain analysis
4.2.1 Software designers and integrators
4.2.2 Software integrators
4.2.3 Service providers
4.2.4 End users
4.3 Market dynamics
22.214.171.124 Integration of the Internet of Things (IoT) with EAM solutions
126.96.36.199 Tilt towards cloud-based EAM
188.8.131.52 High demand for real-time data and analysis
184.108.40.206 Growing need to reduce maintenance and supply costs
220.127.116.11 Growing adoption of EAM for efficient use of assets
18.104.22.168 Improvement of the ROA
22.214.171.124 Impact analysis of engines on market forecasts
126.96.36.199 High implementation cost for SMEs
188.8.131.52 Analysis of the impact of restrictions on market forecasts
184.108.40.206 Integration of artificial intelligence (AI) and drones with EAM
4.4 Impact of COVID-19 on the EAM market
4.4.1 Future scenario
4.5 Porter’s five forces analysis
4.5.1 Bargaining power of buyers
4.5.2 Bargaining power of suppliers
4.5.3 Intensity of rivalry
4.5.4 Threat of new entrants
4.5.5 Threat of substitutes
Chapter 5. Global Market Size and Forecast
5.1 By offering
5.1.1 Solution, by type
5.1.2 Service, by type
5.2 By company
5.3 By deployment
5.4 By vertical
5.5 By region
Chapter 6. North America Market Size and Forecast
Chapter 7. Europe Market Size and Forecast
Chapter 8. APAC Market Size and Forecast
Chapter 9. LATAM Market Size and Forecast
Chapter 10. MEA Market Size and Forecast
Chapter 11. Main countries
Chapter 12. Competitive landscape
12.1 List of players and their offers
12.2 Key Players Market Share Analysis
12.3 Benchmarking of key players
12.4 Strategic developments in the market
12.4.1 Mergers and Acquisitions
12.4.2 Product launches
12.4.4 Customer wins
12.4.5 Other developments
Chapter 13. Company Profiles
13.1 Oracle Company
13.1.1 Company overview
13.1.2 Product and service offerings
13.1.3 Key financial summary
13.2 SAP SE
13.3 IBM Company
13.5 ABB Ltd
13.6 Industrial and Financial Systems (IFS) AB
13.7 IRM Software LLC
13.8 CGI inc.
13.9 Infor inc.
13.10 Ramco Systems Limited
13.11 Rockwell Automation Inc.
13.13 Assetworks LLC
13.14 Maintenance Technologies inc.
13.15 Ultimo Software Solutions BV
13.16 Maintenance Connection LLC
13.17 Emaint Enterprises LLC
13.18 Datamax Software Group Inc.
For more information on this report, visit https://www.researchandmarkets.com/r/ol6ysk