Market Overview

The global enterprise asset management (EAM) market expected to reach $XX billion by 2026, at a CAGR of over 10% during the forecast period. Factors such as increased accuracy in data analysis and increasing demand for cloud-based EAM solutions are expected to drive the global market over the forecast period.

Enterprise asset management (EAM) involves the management of the maintenance of physical assets of an organization throughout each asset's lifecycle. EAM is used to plan, optimize, execute, and track the needed maintenance activities with the associated priorities, skills, materials, tools, and information. EAM is mostly used in industries that heavily rely on expensive and complex physical assets, such as vehicles, plants and heavy equipment. Prominent users include the energy and utilities, government and defense, manufacturing, among others.

The report covers all the major trends and drivers playing a vital role in the growth of the enterprise asset management market. The global enterprise asset management market has been segmented based on region, deployment, solution, and vertical.

Market Dynamics

The global enterprise asset management market growth is primarily driven by the rising need to gain a 360-degree view of assets and increasing adoption of EAM solutions in North America and APAC regions. Enterprise asset management can both minimize risks and costs and optimize business value by helping to ensure that high-value assets operate the way they are designed to. For instance, EAM software might alert operations managers about a failure of a machine part, and provide the information and scheduling tools needed to dispatch a repair person. Timely maintenance can also avoid the risk of improperly operating equipment injuring workers or reducing machine downtime.

Therefore, the need for effective utilization of assets, controlling maintenance and procurement expenses, and to improve the return on assets is further expected to boost growth in the global enterprise asset management market over the forecast period.

In addition, EAM is rapidly integrating with Internet of Things (IoT). The integration of IoT with EAM provides the identification of performance and control modifications. IoT applications allow better asset utilization tracking and better data management, as well as streamline data in a manner in which asset lifecycle and maintenance can be analyzed.

However, concerns of organizations related to data security and confidentiality coupled with integration of EAM with third-party ERP systems might hinder the market growth over the forecast period.

Market Segment Analysis

By deployment, the global enterprise asset management market is segmented into Cloud (public, private, and hybrid) and On-Premise. In 2018, On-premise deployment segment accounted for the largest market share in the global market. However, cloud deployment segment is expected to witness higher CAGR over the forecast period. Cloud technology enables developers to adopt agile workflows, significantly reducing lead times in testing and deploying new products and releasing product updates.

For instance, in April 2019, Infor - announced that First Bus, part of FirstGroup plc, the leading transport operator in the UK and North America, has selected Infor EAM (CloudSuite Enterprise Asset Management) for its UK bus operations. As part of an 18-month deployment, Infor EAM will be rolled out in three phases, fully serviced and hosted by Infor partner Sapphire Systems for 2,000-plus users.

By vertical, the global enterprise asset management market is segmented into Energy and Utilities, Healthcare & Life sciences, IT and Telecom, Government and defense, and others. Healthcare & life sciences segment is expected to exhibit higher CAGR over the forecast period. Rapid adoption of enterprise applications in this sector can be attributed to increasing demand for real-time data transparency, which provides patient-centric healthcare solutions and systems with changing business models. Software vendors such as Infor, Oracle, and SAP provide solutions that improve overall performance, cost efficiency, patient safety, and quality of care.

Regional Analysis

By geography, the global enterprise asset management market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).

In 2018, North America accounted for the largest market share. However, APAC is expected to witness a higher CAGR than other regions during the forecast period. North America is a matured market in terms of cloud adoption, due to various factors, such as standards, regulations, advanced IT infrastructure, the presence of a large number of enterprises, and the availability of proficient technical expertise. Therefore, North America is expected to grow at a steady and maintain its dominant position in global market over the period.

APAC enterprise asset management market is expected to grow exponentially over the forecast period due to an increased demand for cloud computing among small and medium-sized enterprises (SMEs). In addition, changing business models with a more customer-centric approach and organizations concentrating on decreasing operational costs will further boost growth in the market.

Competitive Analysis

Global enterprise asset management market is moderately fragmented with the presence of global and regional players in the market with key players accounting for majority share in the market. Key prominent players in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market shares and profitability.

Some key players in the market are Oracle, IBM Corporation, SAP, Aptean, AVEVA-Schneider Electric, eMaint (Fluke Corporation), IFS, ABB, Infor, Ramco Systems, and among others. These vendors have adopted various organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, and mergers and acquisitions, to expand their presence in the global enterprise asset management market further.

In April 2019, IBM collaborated with Sund & Bælt to design and develop an AI-powered IoT solution and extends the IBM Maximo portfolio.

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  • Comprehensive details on factors that will drive or challenge the growth of market players.
  • Deep Sector-Specific Intelligence
  • Attractiveness and consumer behavior analysis for every region
  • Highlights of the competitive landscape

Target Audience:

  • Training and consulting service providers
  • Enterprise Asset Management vendors
  • Cloud service providers
  • Telecom service providers
  • System integrators
  • Cloud service providers
  • Government agencies
  • Managed service providers
  1. Enterprise Asset Management Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2. Enterprise Asset Management Market – Market Definition and Overview

  3. Enterprise Asset Management Market – Executive Summary

    1. Market Snippet by Deployment
    2. Markey Snippet by Component
    3. Market Snippet by Vertical
    4. Market Snippet by Region
  4. Enterprise Asset Management Market Dynamics

    1. Market Impacting Factors
      1. Drivers
        1. Growing Demand for Cloud-Based EAM Solutions
      2. Restraints
        1. Complexities in redesigning networks for the cloud
  5. Enterprise Asset Management Market – Industry Analysis

    1. Porter's Five Forces Analysis
    2. Impact Analysis
    3. Supply Chain Analysis
  6. Enterprise Asset Management Market – By Deployment

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Deployment
      2. Market Attractiveness Index, By Deployment
    2. Cloud*
      1.  Introduction
      2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
        1. Public Cloud
        2. Private Cloud
        3. Hybrid Cloud
    3. On-Premise
  7. Enterprise Asset Management Market – By Component

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Component
      2. Market Attractiveness Index, By Component
    2. Software*
      1. Linear Assets
      2. Field Service Management
      3. Non-Linear Assets
        1. Introduction
        2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    3. Services
      1. Managed
      2. Professional
    4. Solution
      1. Planning and Forecasting
      2. Logistics and Inventory
      3. Network Field Operations
      4. Asset Transfer and Retirement
      5. Procurement of Material
  8. Enterprise Asset Management Market – By Vertical

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Vertical
      2. Market Attractiveness Index, By Vertical
    2. Energy and Utilities*
      1. Introduction
      2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    3. Manufacturing
    4. Healthcare & Life sciences
    5. IT and Telecom
    6. Government and Defense
    7. Transport and Logistics
    8. Others
  9. Enterprise Asset Management Market – By Region

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Deployment
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Component
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Vertical
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. The U.S.
        2. Canada
        3. Mexico
    3. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Deployment
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Component
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Vertical
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. The U.K.
        3. France
        4. Rest of Europe
    4. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Deployment
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Component
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Vertical
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Deployment
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Component
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Vertical
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. China
        2. Japan
        3. South Korea
        4. Rest of Asia Pacific
    6. The Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Deployment
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Component
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Vertical
  10. Enterprise Asset Management Market – Competitive Landscape

    1. Competitive Scenario
    2. Market Positioning/Share Analysis
    3. Mergers and Acquisitions Analysis
  11. Company Profiles

    1. Oracle*
      1. Company Overview
      2. Product Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. IBM Corporation
    3. SAP
    4. Aptean
    5. AVEVA-Schneider Electric
    6. eMaint (Fluke Corporation)
    7. IFS
    8. ABB
    9. Infor
    10. Ramco Systems

  12. Enterprise Asset Management Market – Premium Insights

  13. Enterprise Asset Management Market – DataM

    1. Appendix
    2. About Us and Services
    3. Contact Us

List of Tables

Table 01 Global Enterprise Asset Management Market Value, By Deployment, 2018,2022 & 2026 ($ Million)

Table 02 Global Enterprise Asset Management Market Value, By Component, 2018,2022 & 2026 ($ Million)

Table 03 Global Enterprise Asset Management Market Value, By Vertical, 2018,2022 & 2026 ($ Million)

Table 04 Global Enterprise Asset Management Market Value, By Region, 2018,2022 & 2026 ($ Million)

Table 05 Global Enterprise Asset Management Market Value, By Deployment, 2018,2022 & 2026 ($ Million)

Table 06 Global Enterprise Asset Management Market Value, By Deployment, 2017-2026 ($ Million)

Table 07 Global Enterprise Asset Management Market Value, By Component, 2018,2022 & 2026 ($ Million)

Table 08 Global Enterprise Asset Management Market Value, By Component, 2017-2026 ($ Million)

Table 09 Global Enterprise Asset Management Market Value, By Vertical, 2018,2022 & 2026 ($ Million)

Table 10 Global Enterprise Asset Management Market Value, By Vertical, 2017-2026 ($ Million)

Table 11 Global Enterprise Asset Management Market Value, By Region, 2018,2022 & 2026 ($ Million)

Table 12 Global Enterprise Asset Management Market Value, By Region, 2017-2026 ($ Million)

Table 13 North America Enterprise Asset Management Market Value, By Deployment, 2017-2026 ($ Million)

Table 14 North America Enterprise Asset Management Market Value, By Component, 2017-2026 ($ Million)

Table 15 North America Enterprise Asset Management Market Value, By Vertical, 2017-2026 ($ Million)

Table 16 North America Enterprise Asset Management Market Value, By Country, 2017-2026 ($ Million)

Table 17 South America Enterprise Asset Management Market Value, By Deployment, 2017-2026 ($ Million)

Table 18 South America Enterprise Asset Management Market Value, By Component, 2017-2026 ($ Million)

Table 19 South America Enterprise Asset Management Market Value, By Vertical, 2017-2026 ($ Million)

Table 20 South America Enterprise Asset Management Market Value, By Country, 2017-2026 ($ Million)

Table 21 Europe Enterprise Asset Management Market Value, By Deployment, 2017-2026 ($ Million)

Table 22 Europe Enterprise Asset Management Market Value, By Component, 2017-2026 ($ Million)

Table 23 Europe Enterprise Asset Management Market Value, By Vertical, 2017-2026 ($ Million)

Table 24 Europe Enterprise Asset Management Market Value, By Country, 2017-2026 ($ Million)

Table 25 Asia-Pacific Enterprise Asset Management Market Value, By Deployment, 2017-2026 ($ Million)

Table 26 Asia-Pacific Enterprise Asset Management Market Value, By Component, 2017-2026 ($ Million)

Table 27 Asia-Pacific Enterprise Asset Management Market Value, By Vertical, 2017-2026 ($ Million)

Table 28 Asia-Pacific Enterprise Asset Management Market Value, By Country, 2017-2026 ($ Million)

Table 29 Middle East & Africa Enterprise Asset Management Market Value, By Deployment, 2017-2026 ($ Million)

Table 30 Middle East & Africa Enterprise Asset Management Market Value, By Component, 2017-2026 ($ Million)

Table 31 Middle East & Africa Enterprise Asset Management Market Value, By Vertical, 2017-2026 ($ Million)

Table 32 Oracle: Overview

Table 33 Oracle: Product Portfolio

Table 34 Oracle: Key Developments

Table 35 IBM Corporation: Overview

Table 36 IBM Corporation: Product Portfolio

Table 37 IBM Corporation: Key Developments

Table 38 SAP: Overview

Table 39 SAP: Product Portfolio

Table 40 SAP: Key Developments

Table 41 Aptean: Overview

Table 42 Aptean: Product Portfolio

Table 43 Aptean: Key Developments

Table 44 AVEVA-Schneider Electric: Overview

Table 45 AVEVA-Schneider Electric: Product Portfolio

Table 46 AVEVA-Schneider Electric: Key Developments

Table 47 eMaint (Fluke Corporation): Overview

Table 48 eMaint (Fluke Corporation): Product Portfolio

Table 49 eMaint (Fluke Corporation): Key Developments

Table 50 IFS: Overview

Table 51 IFS: Product Portfolio

Table 52 IFS: Key Developments

Table 53 ABB: Overview

Table 54 ABB: Product Portfolio

Table 55 ABB: Key Developments

Table 56 Infor: Overview

Table 57 Infor: Product Portfolio

Table 58 Infor: Key Developments

Table 59 Ramco Systems: Overview

Table 60 Ramco Systems: Product Portfolio

Table 61 Ramco Systems: Key Developments

List of Figures

Figure 01 Global Enterprise Asset Management Market Share, By Deployment, 2018 & 2026 (%)

Figure 02 Global Enterprise Asset Management Market Share, By Component, 2018 & 2026 (%)

Figure 03 Global Enterprise Asset Management Market Share, By Vertical, 2018 & 2026 (%)

Figure 04 Global Enterprise Asset Management Market Share, By Region, 2018 & 2026 (%)

Figure 05 Global Enterprise Asset Management Market Value, 2017-2026 ($ Million)

Figure 06 Global Enterprise Asset Management Market Y-o-Y Growth, By Deployment, 2018-2026 (%)

Figure 07 Cloud: Global Enterprise Asset Management Market Value, 2017-2026 ($ Million)

Figure 08 On-Premise: Global Enterprise Asset Management Market Value, 2017-2026 ($ Million)

Figure 09 Global Enterprise Asset Management Market Y-o-Y Growth, By Component, 2018-2026 (%)

Figure 10 Software: Global Enterprise Asset Management Market Value, 2017-2026 ($ Million)

Figure 11 Services: Global Enterprise Asset Management Market Value, 2017-2026 ($ Million)

Figure 12 Solutions: Global Enterprise Asset Management Market Value, 2017-2026 ($ Million)

Figure 13 Others: Global Enterprise Asset Management Market Value, 2017-2026 ($ Million)

Figure 14 Global Enterprise Asset Management Market Y-o-Y Growth, By Vertical, 2018-2026 (%)

Figure 15 Energy and Utilities: Global Enterprise Asset Management Market Value, 2017-2026 ($ Million)

Figure 16 Healthcare & Life sciences : Global Enterprise Asset Management Market Value, 2017-2026 ($ Million)

Figure 17 IT and Telecom: Global Enterprise Asset Management Market Value, 2017-2026 ($ Million)

Figure 18 Government and Defense: Global Enterprise Asset Management Market Value, 2017-2026 ($ Million)

Figure 19 Manufacturing: Global Enterprise Asset Management Market Value, 2017-2026 ($ Million)

Figure 20 Transport and Logistics: Global Enterprise Asset Management Market Value, 2017-2026 ($ Million)

Figure 21 Others: Global Enterprise Asset Management Market Value, 2017-2026 ($ Million)

Figure 22 Global Enterprise Asset Management Market Y-o-Y Growth, By Region, 2018-2026 (%)

Figure 23 North America Enterprise Asset Management Market Value, 2017-2026 ($ Million)

Figure 24 North America Enterprise Asset Management Market Share, By Deployment, 2018 & 2026 (%)

Figure 25 North America Enterprise Asset Management Market Share, By Component, 2018 & 2026 (%)

Figure 26 North America Enterprise Asset Management Market Share, By Vertical, 2018 & 2026 (%)

Figure 27 North America Enterprise Asset Management Market Share, By Country, 2018 & 2026 (%)

Figure 28 South America Enterprise Asset Management Market Value, 2017-2026 ($ Million)

Figure 29 South America Enterprise Asset Management Market Share, By Deployment, 2018 & 2026 (%)

Figure 30 South America Enterprise Asset Management Market Share, By Component, 2018 & 2026 (%)

Figure 31 South America Enterprise Asset Management Market Share, By Vertical, 2018 & 2026 (%)

Figure 32 South America Enterprise Asset Management Market Share, By Country, 2018 & 2026 (%)

Figure 33 Europe Enterprise Asset Management Market Value, 2017-2026 ($ Million)

Figure 34 Europe Enterprise Asset Management Market Share, By Deployment, 2018 & 2026 (%)

Figure 35 Europe Enterprise Asset Management Market Share, By Component, 2018 & 2026 (%)

Figure 36 Europe Enterprise Asset Management Market Share, By Vertical, 2018 & 2026 (%)

Figure 37 Europe Enterprise Asset Management Market Share, By Country, 2018 & 2026 (%)

Figure 38 Asia-Pacific Enterprise Asset Management Market Value, 2017-2026 ($ Million)

Figure 39 Asia-Pacific Enterprise Asset Management Market Share, By Deployment, 2018 & 2026 (%)

Figure 40 Asia-Pacific Enterprise Asset Management Market Share, By Component, 2018 & 2026 (%)

Figure 41 Asia-Pacific Enterprise Asset Management Market Share, By Vertical, 2018 & 2026 (%)

Figure 42 Asia-Pacific Enterprise Asset Management Market Share, By Country, 2018 & 2026 (%)

Figure 43 Middle East & Africa Enterprise Asset Management Market Value, 2017-2026 ($ Million)

Figure 44 Middle East & Africa Enterprise Asset Management Market Share, By Deployment, 2018 & 2026 (%)

Figure 45 Middle East & Africa Enterprise Asset Management Market Share, By Component, 2018 & 2026 (%)

Figure 46 Middle East & Africa Enterprise Asset Management Market Share, By Vertical, 2018 & 2026 (%)

Figure 47 Oracle: Financials

Figure 48 IBM Corporation: Financials

Figure 49 SAP: Financials

Figure 50 Aptean: Financials

Figure 51 AVEVA-Schneider Electric: Financials

Figure 52 eMaint (Fluke Corporation): Financials

Figure 53 IFS: Financials

Figure 54 ABB: Financials

Figure 55 Infor: Financials

Figure 56 Ramco Systems: Financials

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