HOME Top Market Reports Enterprise Asset Management Market by Software Application (Linear Assets, Non-Linear Assets, Field Service Management, Assets MRO), Service (Implementation, Managed Services, Training & Support) - Global Forecast to 2021

Enterprise Asset Management Market by Software Application (Linear Assets, Non-Linear Assets, Field Service Management, Assets MRO), Service (Implementation, Managed Services, Training & Support) - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: July 2016
Report Code: TC 3454

 

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The Enterprise Asset Management (EAM) market is estimated to grow from USD 3.15 Billion in 2016 to USD 5.24 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 10.7% during the forecast period. The base year considered for the study is 2014 and the market size forecast is from 2016 to 2021. Factors such as need to enhance the asset life of aging infrastructure, growing importance of asset tracking, and need for improved Return on Assets (ROA) are expected to boost the growth of the Enterprise asset management market during the forecast period.

The deployment of EAM helps enterprises to minimize their downtime and increase the production efficiency by real-time monitoring. With an increasing number of government and healthcare organizations opting for advanced EAM solutions, the market for EAM has increased tremendously across all major economies. Infrastructural development across the globe and increased ICT spending in the asset management industry are also driving this market. The Enterprise asset management market is expected to grow at a moderate pace during the forecast period. North America is expected to hold the largest market share as well as highest adoption rate for EAM solutions.

Objectives of the Study:

This report aims to estimate the market size and future growth potential of the Enterprise asset management market across different segments such as software application, organization size, service, industry and region. The report also focuses on information regarding the key factors (drivers, restraints, opportunities, and challenges) influencing market growth. Additionally the analyze opportunities in the market for stakeholders, provide strategic profiles of the key players in the market to comprehensively analyze the core competencies, and to draw the competitive landscape of the market.

The research methodology used to estimate and forecast the EAM market begins with capturing data on key vendor revenues through secondary research. The vendor offerings are also taken into consideration to determine market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global Enterprise asset management market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and sub-segments, which were then verified through primary research by conducting extensive interviews with key industry personnel, such as CEOs, VPs, directors, and executives.  The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary discussion participants is depicted in the below figure:

Enterprise Asset Management Market

To know about the assumptions considered for the study, download the pdf brochure

The EAM ecosystem comprises EAM software providers such as Oracle Corporation (U.S.), SAP SE (Germany), and IBM Corporation (U.S.) among others; service providers such as Infor (U.S.), IFS AB (Sweden), and AssetWorks (U.S.), among others; technology providers such as ABB Group (Switzerland), Oracle Corporation (U.S.), and CGI Group (Canada) among others; and managed service providers such as IFS AB (U.S.) and IBM Corporation (U.S.) among others who maintain and update the entire software system and sell them to end users to cater to their unique business requirements.

Key Target Audience

  • EAM Solution Vendors
  • EAM Service Providers
  • EAM Solution Consumers
  • IT Managers
  • Procurement Managers
  • Financial Managers
  • Legal/ Compliance Managers
  • Consultants/Consultancies/Advisory Firms
  • Training and Education Service Providers
  • Support and Maintenance Service Providers
  • Network Service Providers

Scope of the Report

The research report categorizes the Enterprise asset management market to forecast the revenues and analyze the trends in each of the following sub-segments:

By Software

  • Linear Assets
    • Roads
    • Railways
    • Pipelines
    • Electricity Transmission Lines
  • Non-Linear Assets
    • Fleet
    • Equipment
    • Buildings
  • Field Service Management (FSM)
  • Assets MRO

By Service

  • Implementation
  • Managed Services
  • Training & Support

By Organization Size

  • Small and Medium Business (SMBs)
  • Large Enterprises

By Vertical

  • Government
  • Oil and Gas
  • Manufacturing
  • Healthcare
  • Transportation
  • Energy and Utilities
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Middle East and Africa (MEA)
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customization as per the company’s specific requirements. The following customization options are available for the report:

Product Analysis

  • Product matrix provides a detailed information and product comparison

Geographic Analysis

  • Further breakdown of the North America Enterprise asset management market
  • Further breakdown of the Europe EAM market
  • Further breakdown of the APAC EAM market

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Report
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered in the Report
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 24)

4 Premium Insights (Page No. - 27)
    4.1 Attractive Market Opportunities in the Enterprise Asset Management Market
    4.2 Global Market, By Industry and By Region, 2016
    4.3 Lifecycle Analysis, By Region (2016)

5 Enterprise Asset Management Market Overview (Page No. - 29)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Software
           5.2.2 By Service
           5.2.3 By Organization Size
           5.2.4 By Industry
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Need to Increase Asset Life of Aging Infrastructure
                    5.3.1.2 Reduction in Maintenance and Procurement Costs
                    5.3.1.3 Growing Importance of Asset Tracking
                    5.3.1.4 Improved Return on Assets (RoA)
           5.3.2 Restraints
                    5.3.2.1 High Deployment Cost for Small and Medium Businesses
                    5.3.2.2 Lack of Awareness About Benefits of Enterprise Asset Management Solutions
           5.3.3 Opportunities
                    5.3.3.1 Cloud-Based Deployment Solutions
                    5.3.3.2 Integration of Enterprise Asset Management and Big Data Analytics
                    5.3.3.3 New Regional Markets
           5.3.4 Challenges
                    5.3.4.1 Rapid Changes in Technology
                    5.3.4.2 Lack of Expertise and Talent
    5.4 Value Chain Analysis
    5.5 Strategic Benchmarking

6 Enterprise Asset Management Market Analysis, By Software (Page No. - 38)
    6.1 Introduction
    6.2 Linear Asset
           6.2.1 Road
           6.2.2 Railway
           6.2.3 Pipeline
           6.2.4 Electricity Transmission Line
    6.3 Non-Linear Asset
           6.3.1 Fleet
           6.3.2 Equipment
           6.3.3 Building
    6.4 Field Service Management (FSM)
    6.5 Assets Maintenance, Repair, and Operations (MRO)

7 Enterprise Asset Management Market Analysis, By Service (Page No. - 48)
    7.1 Introduction
    7.2 Implementation
    7.3 Managed Services
    7.4 Training and Support

8 Enterprise Asset Management Market Analysis, By Organization Size (Page No. - 53)
    8.1 Introduction
    8.2 Small and Medium Businesses
    8.3 Large Enterprises

9 Enterprise Asset Management Market Analysis, By Industry (Page No. - 58)
    9.1 Introduction
    9.2 Government
    9.3 Oil and Gas
    9.4 Manufacturing
    9.5 Healthcare
    9.6 Transportation and Logistics
    9.7 Energy and Utilities
    9.8 Others

10 Geographic Analysis (Page No. - 70)
     10.1 Introduction
     10.2 North America
     10.3 Europe
     10.4 Asia-Pacific
     10.5 Middle East and Africa
     10.6 Latin America

11 Competitive Landscape (Page No. - 81)
     11.1 Overview
     11.2 Competitive Situation and Trends
             11.2.1 Partnerships, Agreements, and Collaborations
             11.2.2 New Product Launches
             11.2.3 Business Expansions
             11.2.4 Acquisitions

12 Company Profiles (Page No. - 87)
     12.1 Introduction
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
     12.2 ABB Group
     12.3 IFS AB
     12.4 IBM Corporation
     12.5 Oracle Corporation
     12.6 SAP SE
     12.7 Assetworks LLC
     12.8 CGI Group
     12.9 Genesis Technology Solutions, Inc.
     12.10 Infor
     12.11 Mainsaver, Inc.
     12.12 Real Asset Management
     12.13 Schneider Electric (Invensys)

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 116)
     13.1 Insights From Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introduction RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports


List of Tables (64 Tables)

Table 1 Enterprise Asset Management Market Size and Growth Rate, 2014–2020 (USD Billion, Y-O-Y%)
Table 2 Market Size, By Software, 2014-2021 (USD Million)
Table 3 Linear Asset: Market Size, By Type, 2014-2021 (USD Million)
Table 4 Linear Asset: Market Size, By Region, 2014-2021 (USD Million)
Table 5 Road: Market Size, By Region, 2014-2021 (USD Million)
Table 6 Railway: Market Size, By Region, 2014-2021 (USD Million)
Table 7 Pipeline: Market Size, By Region, 2014-2021 (USD Million)
Table 8 Electricity Transmission Line: Market Size, By Region, 2014-2021 (USD Million)
Table 9 Non-Linear Asset: Market Size, By Type, 2014-2021 (USD Million)
Table 10 Non-Linear Asset: Market Size, By Region, 2014-2021 (USD Million)
Table 11 Fleet: Enterprise Asset Management Market Size, By Region, 2014-2021 (USD Million)
Table 12 Equipment: Market Size, By Region, 2014-2021 (USD Million)
Table 13 Building: Market Size, By Region, 2014-2021 (USD Million)
Table 14 Field Service Management: Market Size, By Region, 2014-2021 (USD Million)
Table 15 Assets Maintenance, Repair, and Operations: Market Size, By Region, 2014-2021 (USD Million)
Table 16 Global Enterprise Asset Management Market Size, By Service, 2014-2021 (USD Million)
Table 17 Services: Market Size, By Region, 2014-2021 (USD Million)
Table 18 Implementation: Market Size, By Region, 2014-2021 (USD Million)
Table 19 Managed Services: Market Size, By Region, 2014-2021 (USD Million)
Table 20 Training and Support: Market Size, By Region, 2014-2021 (USD Million)
Table 21 Global Enterprise Asset Management Market Size, By Organization Size, 2014-2021 (USD Million)
Table 22 Small and Medium Businesses: Market Size, By Component, 2014-2021 (USD Million)
Table 23 Small and Medium Businesses: Market Size, By Software, 2014-2021 (USD Million)
Table 24 Small and Medium Businesses: Market Size, By Service, 2014-2021 (USD Million)
Table 25 Large Enterprises: Market Size, By Component, 2014-2021 (USD Million)
Table 26 Large Enterprises: Market Size, By Software, 2014-2021 (USD Million)
Table 27 Large Enterprises: Market Size, By Service, 2014-2021 (USD Million)
Table 28 Enterprise Asset Management Market Size, By Industry, 2014-2021 (USD Million)
Table 29 Government: Market Size, By Component, 2014-2021 (USD Million)
Table 30 Government: Market Size, By Organization Size, 2014-2021 (USD Million)
Table 31 Government: Market Size, By Region, 2014-2021 (USD Million)
Table 32 Oil and Gas: Market Size, By Component, 2014-2021 (USD Million)
Table 33 Oil and Gas: Market Size, By Organization Size, 2014-2021 (USD Million)
Table 34 Oil and Gas: Market Size, By Region, 2014-2021 (USD Million)
Table 35 Manufacturing: Market Size, By Component, 2014-2021 (USD Million)
Table 36 Manufacturing: Market Size, By Organization Size, 2014-2021 (USD Million)
Table 37 Manufacturing: Market Size, By Region, 2014-2021 (USD Million)
Table 38 Healthcare: Market Size, By Component, 2014-2021 (USD Million)
Table 39 Healthcare: Market Size, By Organization Size, 2014-2021 (USD Million)
Table 40 Healthcare: Market Size, By Region, 2014-2021 (USD Million)
Table 41 Transportation and Logistics: Market Size, By Component, 2014-2021 (USD Million)
Table 42 Transportation and Logistics: Market Size, By Organization Size, 2014-2021 (USD Million)
Table 43 Transportation and Logistics: Market Size, By Region, 2014-2021 (USD Million)
Table 44 Energy and Utilities: Market Size, By Component, 2014-2021 (USD Million)
Table 45 Energy and Utilities: Market Size, By Organization Size, 2014-2021 (USD Million)
Table 46 Energy and Utilities: Market Size, By Region, 2014-2021 (USD Million)
Table 47 Other Industries: Market Size, By Component, 2014-2021 (USD Million)
Table 48 Other Industries: Market Size, By Organization Size, 2014-2021 (USD Million)
Table 49 Other Industries: Market Size, By Region, 2014-2021 (USD Million)
Table 50 Enterprise Asset Management Market Size, By Region, 2014-2021 (USD Million)
Table 51 North America: Market Size, By Component, 2014-2021 (USD Million)
Table 52 North America: Market Size, By Organization Size, 2014-2021 (USD Million)
Table 53 Europe: Market Size, By Component, 2014-2021 (USD Million)
Table 54 Europe: Market Size, By Organization Size, 2014-2021 (USD Million)
Table 55 Asia-Pacific: Market Size, By Component, 2014-2021 (USD Million)
Table 56 Asia-Pacific: Market Size, By Organization Size, 2014-2021 (USD Million)
Table 57 Middle East and Africa: Market Size, By Component, 2014-2021 (USD Million)
Table 58 Middle East and Africa: Market Size, By Organization Size, 2014-2021 (USD Million)
Table 59 Latin America: Market Size, By Component, 2014-2021 (USD Million)
Table 60 Latin America: Enterprise Asset Management Market Size, By Organization Size, 2014-2021 (USD Million)
Table 61 Partnerships, Agreements, and Collaborations, 2014–2016
Table 62 New Product Launches, 2015–2016
Table 63 Business Expansions, 2012–2016
Table 64 Acquisitions, 2013–2014


List of Figures (41 Figures)

Figure 1 Enterprise Asset Management Market: Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Enterprise Asset Management Market Size and Growth Rate, 2016–2021 (USD Billion, Y-O-Y %)
Figure 7 Fastest Growing Segments of the Enterprise Asset Management System Market
Figure 8 North America is Expected to Dominate the Market in 2016
Figure 9 Integration of Enterprise Asset Management With Big Data Analytics Will Act as an Attractive Market Opportunity
Figure 10 North America Expected to Dominate the Market in 2016
Figure 11 Market Segmentation: By Software
Figure 12 Market Segmentation: By Service
Figure 13 Market Segmentation: By Organization Size
Figure 14 Market Segmentation: By Industry
Figure 15 Market Drivers, Restraints, Opportunities, and Challenges
Figure 16 Enterprise Asset Management Market: Value Chain
Figure 17 Field Service Management to Grow at the Highest CAGR During the Forecast Period
Figure 18 Managed Services to Grow the Highest During the Forecast Period
Figure 19 Small and Medium Businesses to Grow at the Highest CAGR During the Forecast Period
Figure 20 North America Contributed the Largest Share in the Global Market
Figure 21 Regional Snapshot: Middle East and Africa is the New Hotspot in the Market
Figure 22 Middle East and Africa: an Emerging Region in the Enterprise Asset Management Market
Figure 23 North America Market Snapshot: Presence of Major Asset-Intensive Industries is A Major Factor Contributing Towards the Growth of the Enterprise Asset Management Market in This Region
Figure 24 Middle East and Africa Market Snapshot: Growth is Driven By Investment in Asset-Driven Industries
Figure 25 Companies Adopted Partnerships, Agreements, and Collaborations as the Key Growth Strategy From 2012 to 2016
Figure 26 Market Evaluation Framework
Figure 27 Battle for Market Share: Agreements, Collaborations, and Partnerships is the Key Strategy Adopted By Companies in the Eam Market From 2012 to 2016
Figure 28 Geographic Revenue Mix of the Top 5 Market Players
Figure 29 ABB Group: Company Snapshot
Figure 30 ABB Group: SWOT Analysis
Figure 31 IFS AB: Company Snapshot
Figure 32 IFS AB : SWOT Analysis
Figure 33 IBM Corporation : Company Snapshot
Figure 34 IBM Corporation : SWOT Analysis
Figure 35 Oracle Corporation: Company Snapshot
Figure 36 Oracle Corporation: SWOT Analysis
Figure 37 SAP SE : Company Snapshot
Figure 38 SAP SE: SWOT Analysis
Figure 39 CGI Group : Company Snapshot
Figure 40 Infor: Company Snapshot
Figure 41 Schneider Electric: Company Snapshot

MarketsandMarkets forecasts the Enterprise Asset Management (EAM) market size to grow from USD 3.15 Billion in 2016 to USD 5.24 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 10.7%. Improved return on assets and the need to enhance the asset life of rapidly aging infrastructure are some of the key factors driving the EAM market. Other driving forces include the growing need for operational efficiency and cost savings.

The Enterprise asset management market is broadly classified into software, organization size, industries, services, and regions. The software application segment is further divided into linear assets, non-linear assets, Field Service Management (FSM) and assets Maintenance, Repair, and Operations (MRO). Compared to software, the services segment is expected to grow at the higher CAGR during the forecast period. The services in the EAM market are aimed at enabling smart and coordinated decision making processes and mitigating the risks and vulnerabilities of the market using efficient tools and techniques. Moreover, these services enhance customer experience and help to meet the end-to-end needs of all the allied industries spanning the asset lifecycle.

The FSM segment is expected to grow at the highest CAGR during the forecast period as it allows users to computerize labor-intensive processes and making it feasible for them to share and update all information. Implementing this software can be beneficial to all hierarchies within the organization. This software offers a control panel with the rank of all jobs, whether they have been planned, in progress, paused, or accomplished. In services, managed services are expected to have the highest growth rate. Increased time consumption, lack of resources, and increased overhead cost involved in managing services have encouraged organizations to opt for managed services for their enterprise needs. Managed services help in the proficient handling of the enterprise assets and processes by implementing the EAM solution across all verticals.

The Enterprise asset management market is segmented across five regions, namely, North America, Asia-Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America, wherein detailed analysis is provided. The analysis shows that the spending on EAM is increasing globally due to the increasing Information and Communications Technology (ICT) integration across various verticals, especially in developing regions. North America is projected to dominate the EAM market during the forecast period owing to technological advancements and early adoption of EAM software and services in the region. The market in North America is expected to grow at the highest CAGR between 2016 and 2021.

Enterprise Asset Management Market

The adoption of EAM software and services is growing at a steady pace in the developing regions, such as APAC and MEA. However, inadequate financial incentives prevent several utilities and government in these regions from adopting EAM software and services. Moreover, the lack of awareness and rapidly changing technology acts as major restraining factors for the growth of the Enterprise asset management market. However, increase in infrastructure across the globe is expected to provide significant growth opportunities in the EAM market.

On a strategic front, many companies are utilizing different growth strategies, such as mergers & acquisitions, partnerships & collaborations, and product developments to increase their share in the market. For instance, in February 2014, Infor acquired Grasp Systems (U.S.) in order to broaden its product portfolio for the healthcare sector. Similarly, in March 2013, Schneider Electric acquired TM Samara (Russia) in order to the strengthen Schneider’s infrastructure portfolio as well as to expand its business in Russia. On the partnership front, in March 2015, SAP Business Solutions Group and Accenture were selected by CenterPoint Energy, a domestic energy delivery company, to jointly design, develop, and test an asset analytics solution by making use of IoT technology.  The solution is built in order to improve and maintain transmission and distribution assets. Some of the major technology vendors include ABB Group, Oracle Corporation, IBM Corporation, IFS AB, and SAP SE.

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