Global Enterprise Asset Management Applications and Markets Report 2023: A $10 Billion Market by 2028 - Revenue for 2022, Estimates for 2023, Forecasts for 2024, 2026, and CAGR Projections to 2028

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Nov 10, 2023, 11:30 ET

DUBLIN, Nov. 10, 2023 /PRNewswire/ -- The "Enterprise Asset Management: Applications and Global Markets" report has been added to ResearchAndMarkets.com's offering.

Global Enterprise Asset Management is projected to reach a value of $10 billion by 2028 from $5.4 billion in 2023, growing at a CAGR of 13%

The report covers various segments of the enterprise asset management market, breaking it down by component, asset type, network type, deployment, organization size, end users and region. This report analyzes a variety of developing technologies and their feasibility at present.

Enterprise Asset Management (EAM) is a comprehensive plant operation solution that assists companies in efficiently managing their plants by ensuring continuous equipment functionality at the lowest cost. EAM solutions enable organizations to bring their assets online, manage them throughout their operational lifecycle, and facilitate equipment replacement.

Key functions of EAM solutions include maintenance planning for plant activities, tracking spare parts across multiple operational facilities, and monitoring capital and customer-funded projects. One of the primary benefits of EAM is achieving a higher return on investment (ROI) from plant and equipment assets.

The market for EAM is driven by the increasing demand for enhancing the performance and lifecycle of assets in enterprises. Factors such as the adoption of cloud deployment models, integration of big data with EAM, and the use of IoT platforms and devices for asset maintenance contribute to the growth of the EAM market.

Furthermore, there is a growing need for a comprehensive view of assets and a desire to extend the lifespan of assets using advanced technologies, which presents opportunities for market growth.

EAM solutions are undergoing significant technological transformation, integrating IoT, real-time analytics, AI, augmented reality, digital twins, and telematics to provide insights and optimize equipment and operational assets. EAM is evolving into a smart application that delivers real-time data-driven outcomes and sophisticated insights while interacting with devices.

The report also provides a regional analysis, focusing on major countries such as the U.S., China, Germany, and India, where advanced technologies and EAM opportunities are particularly promising. It covers emerging technologies, ESG (Environmental, Social, and Governance) developments, and recent patents related to EAM.

Report Includes

Analyses of the global market trends, with historical market revenue data (sales figures) for 2022, estimates for 2023, forecasts for 2024, 2026, and projections of compound annual growth rates (CAGRs) through 2028
Estimate of the actual market size and revenue forecast for the global EAM market in USD millions, and a corresponding market share analysis based on component, asset type, deployment, size of enterprise, end-use industry, and region.
In-depth information (facts and figures) pertaining to the major factors influencing the market with respect to specific growth trends, upcoming technologies, future prospects and contributions to the overall market
Analysis of market growth opportunities with a holistic review of Porter's Five Forces and PESTLE analyses considering the micro-and macroeconomic factors prevailing in the market
Review of the impacts of COVID-19 and the Russia-Ukraine war on the global and regional markets for EAM systems and applications
Review of key patent grants and recent patent applications related to EAM, with emphasis on emerging technologies and upcoming developments
Updates on recent mergers and acquisitions (M&A) activity, venture fundings, and other growth strategies from EAM vendors
Identifying the key players in the market, and analysis of the competitive landscape based on recent developments, segmental revenues and operational integration
Profiles of the leading global players, including ABB Ltd., Hexagon AB, IBM Corp., SAP SE, Oracle Corp., and IPS Intelligent Process Solutions GmbH

Company Profiles

Overview
Abb Ltd.
Accruent
Aptean
Assetworks Inc.
Aveva Group plc
Cgi Inc.
Emaint Enterprises LLC
Hexagon Ab
Ifs
Ibm Corp.
Ips Intelligent Process Solutions GmbH
Oracle Corp.
Rfgen Software
Sap Se
Ssg Insight Ltd.
Upkeep Technologies Inc.

Key Topics Covered:

Chapter 1 Introduction

Chapter 2 Summary and Highlights

Market Outlook
Market Summary

Chapter 3 Market Overview

Introduction
Importance of Eam in Businesses
Working Process of Eam Solution
Benefits of Eam
EAM Application and Industries
Key Functions of EAM
Value Chain Analysis for the Global Market for Enterprise Asset Management
Porter's Five Forces Analysis
Bargaining Power of Suppliers
Bargaining Power of Buyers
The Threat of New Entrants
Threat of Substitutes
Competitive Rivalry
Pestle Analysis
Impact of Covid-19 on the Global Market for Enterprise Asset Management
Impact of Russia-Ukraine War on the Global Market for Enterprise Asset Management

Chapter 4 Market Dynamics

Overview
Market Drivers
Increasing Usage of IoT Platforms and Devices to Manage Enterprise Assets
Convergence of Technologies Such as Ai, IoT and Analytics
Growing Popularity of Saas-Based Eam Solutions
Demand for Effective Management of Enterprise Resources
Strategic Shift in Enterprises from Reactive to Predictive Approach
Ageing Infrastructure
Market Restraints
High Cost of Eam Solution
Cybersecurity Risk
Current Market Trends
The Ongoing Trend for Integrating Eam With Big Data
Increased Focus on Proactive Maintenance Practices
Market Opportunities
Growing Initiatives to Extend the Life Span of the Asset Using Advanced Technologies
Increasing Trend for Deploying Cloud-Based EAM Solutions

Chapter 5 Market Breakdown by Segment

Overview
Software
Services

Chapter 6 Market Breakdown by Asset Type

Overview
Production Equipment
Linear Assets
Facilities
Fleet
Others

Chapter 7 Market Breakdown by Deployment

Overview
On-Premise
Cloud
Chapter 8 Market Breakdown by Organization Size
Overview
Large Enterprises
Small and Medium Enterprises

Chapter 9 Market Breakdown by End-Use Industry

Overview
Oil and Gas
Machinery Manufacturing
Aerospace and Defense
Energy and Power
Metal and Mining
Retail
Automotive
Government Facilities
Others

Chapter 10 Market Breakdown by Region

Overview
North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East and Africa
South America

Chapter 11 ESG Development

Overview
Role of EAM in Achieving ESG Targets
Role of EAM in Improving Sustainability
Role of EAM in Addressing Net-Zero Targets
Digitalization and ESG Transformation
EAM Supports ESG
Case Study: Examples of Successful Implementation of ESG
Concluding Remarks

Chapter 12 Emerging Technologies and Developments

Technology Overview
Technological Trends in EAM

Chapter 13 Patent Analysis

Overview
Descriptions of Patents on Enterprise Asset Management

Chapter 14 M&A and Funding Outlook

M&A Analysis
Venture Capital in the Global Market for Enterprise Asset Management

Chapter 15 Competitive Intelligence

Overview
Market Share Analysis
Strategic Analysis
Product Launches
Partnerships
Mergers and Acquisitions
Product Mapping Analysis
Product Mapping Analysis by Deployment Model

For more information about this report visit https://www.researchandmarkets.com/r/4a4te1

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