HOME Top Market Reports Enterprise Asset Management Market by Software Applications (Linear Assets, Non-Linear Assets, Field Service Management, Assets MRO), by Services, by Organization Size, by Verticals (Government & Utilities, Oil & Gas, Healthcare and Others) - Global forecast to 2020

Enterprise Asset Management Market by Software Applications (Linear Assets, Non-Linear Assets, Field Service Management, Assets MRO), by Services, by Organization Size, by Verticals (Government & Utilities, Oil & Gas, Healthcare and Others) - Global forecast to 2020

By: marketsandmarkets.com
Publishing Date: June 2015
Report Code: TC 3454

 

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Enterprise Asset Management is designed to facilitate the ease in management of assets for enterprises across various services, business units, departments, and geographical locations. Enterprise asset management solutions are designed to help organizations to manage assets and organize their maintenance schedule. This powers the organization to improve capital asset management to increase reliability, enhance condition-based maintenance, support asset sustainability and maximize return on assets. These solutions have applications in a wide variety of asset-intensive industries, such as power industry, oil & gas, manufacturing, transportation, healthcare, metal & mining, and many others.

Enterprise asset management, these days, comprises lifecycle management, maintenance scheduling, asset tracking, and locating and risk management which has come a long way from paper-based maintenance planning in its earlier days. Its accessibility using personal mobile devices has offered organizations to implement last minute changes virtually from anywhere. The compatibility with major platforms and the provision of multi-tasking from a single interface makes enterprise asset management a major necessity for asset-intensive organizations.

During the last five years, enterprise asset management has evolved to meet the growing demands of the market. To combat challenges of maximizing lifecycle performance of their assets, organizations are now turning towards smarter physical infrastructure that integrates process and data throughout asset lifecycle. Enterprise asset management solutions are an important part of asset-intensive industries as the solutions facilitate optimum utilization of resources, improve efficiency, and maximize the return of asset. These factors are expected to drive the growth of the global enterprise asset management market in the coming years.

The enterprise asset management market consists of large players such as IBM, SAP, Oracle, CGI, ABB, Schneider Electric, Infor and others, which offer services and solutions in this market. The market has seen these players grab high amount of market share. The presence of these large players makes it difficult for new vendors to enter this market.

The enterprise asset management market report is a comprehensive study of the market for software and associated services. This report analyzes global adoption trends, key drivers, restraints, opportunities, and best practices in the enterprise asset management market. The research report also examines growth potential, market sizes, and revenue forecasts across different regions as well as industry verticals. Furthermore, the report also includes an extensive analysis of the key players in the enterprise asset management market space with their company profiles, product and services portfolio, key growth strategies and recent developments.

Scope of the Report

For more detailed analysis, the market is further segmented into the following sub-markets:

On the basis of Software:

  • Linear Assets
    • Road
    • Railway
    • Pipeline
    • Electricity Transmission Line
  • Non-Linear Assets
    • Fleet
    • Equipment
    • Building
  • Field Service Management
  • Assets MRO

On the basis of Services:

  • Implementation
  • Managed Services
  • Training and Support

On the basis of Organization size:

  • SMBs
  • Large Enterprises

On the basis of Vertical:

  • Government & Utilities
  • Oil & Gas
  • Manufacturing
  • Healthcare
  • Transportation
  • Others (Retail, Metal & Mining)

On the basis of Region:

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

Available Customizations

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

Geographic Analysis:

  • Further breakdown of the North America enterprise asset management market
  • Further breakdown of the European enterprise asset management market
  • Further breakdown of the Asia Pacific enterprise asset management market
  • Further breakdown of the Middle East & Africa enterprise asset management market
  • Further breakdown of the Latin America enterprise asset management market

Company Profiles:

  • Detailed analysis and profiling of additional market players

 

Table of Contents

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

2 Research Methodology (Page No. - 18)
    2.1 Market Size Estimation
           2.1.1 Bottom-Up Approach
           2.1.2 Top-Down Approach
                    2.1.2.1 Breakdown of Primary Interviews
    2.2 Market Breakdown and Data Triangulation
           2.2.1 Market Share Estimation
                    2.2.1.1 Key Data From Secondary Sources
                    2.2.1.2 Key Data From Primary Sources
                    2.2.1.3 Assumptions
                    2.2.1.4 Key Industry Insights

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Market Opportunities in Enterprise Asset Management Market
    4.2 Enterprise Asset Management Market Evolution
    4.3 Enterprise Asset Management Global Market
    4.4 Lifecycle Analysis, By Region 2015

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Segmentation
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Demand From Aging Infrastructure
                    5.3.1.2 Growing Importance of Asset Tracking
                    5.3.1.3 Improved Return on Assets (ROA)
           5.3.2 Restraints
                    5.3.2.1 Enterprise Asset Management Deployment Costs for SMBs
                    5.3.2.2 Lack of Awareness Among the Organizations
           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
           5.3.4 Challenges
                    5.3.4.1 Rapid Technological Changes

6 Industry Trends (Page No. - 41)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat of New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of the Suppliers
           6.3.4 Bargaining Power of Buyers
           6.3.5 Intensity of Competitive Rivalry

7 Enterprise Asset Management Market Analysis, By Software Applications (Page No. - 45)
    7.1 Introduction
    7.2 Linear Assets
           7.2.1 Roads
           7.2.2 Railways
           7.2.3 Pipelines
           7.2.4 Electricity Transmission Lines
    7.3 Non-Linear Assets
           7.3.1 Fleet
           7.3.2 Equipment
           7.3.3 Buildings
    7.4 Field Service Management
    7.5 Assets MRO

8 Enterprise Asset Management Market Analysis, By Services (Page No. - 60)
    8.1 Introduction
    8.2 Implementation
    8.3 Managed Services
    8.4 Training and Support

9 Enterprise Asset Management Market Analysis, By Organization Size (Page No. - 66)
    9.1 Introduction
    9.2 Small and Medium Businesses
    9.3 Large Enterprises

10 Enterprise Asset Management Market Analysis, By Vertical (Page No. - 74)
     10.1 Introduction
     10.2 Government and Utilities
     10.3 Oil and Gas
     10.4 Manufacturing
     10.5 Healthcare
     10.6 Transportation
     10.7 Others

11 Enterprise Asset Management Market Analysis, By Region (Page No. - 86)
     11.1 Introduction
     11.2 North America
     11.3 Europe
     11.4 Asia-Pacific (APAC)
     11.5 Middle East and Africa (MEA)
     11.6 Latin America

12 Competitive Landscape (Page No. - 103)
     12.1 Overview
     12.2 Competitive Situation & Trends
             12.2.1 New Product Launches
             12.2.2 Agreements, Partnerships, Collaborations, and Joint Ventures, 2011-2014
             12.2.3 Mergers & Acquisitions

13 Company Profiles (Page No. - 112)
     13.1 Introduction
     13.2 IBM
             13.2.1 Business Overview
             13.2.2 Products and Services
             13.2.3 Strategies and Insights
             13.2.4 SWOT Analysis
             13.2.5 Recent Developments
     13.3 SAP
             13.3.1 Business Overview
             13.3.2 Products and Services
             13.3.3 Strategies and Insights
             13.3.4 SWOT Analysis
             13.3.5 Recent Developments
     13.4 Oracle
             13.4.1 Business Overview
             13.4.2 Products and Services
             13.4.3 Strategies and Insights
             13.4.4 SWOT Analysis
             13.4.5 Recent Developments
     13.5 IFS
             13.5.1 Business Overview
             13.5.2 Products and Services
             13.5.3 Strategies and Insights
             13.5.4 SWOT Analysis
             13.5.5 Recent Developments
     13.6 ABB
             13.6.1 Business Overview
             13.6.2 Products and Services
             13.6.3 Strategies and Insights
             13.6.4 SWOT Analysis
             13.6.5 Recent Developments
     13.7 Schneider Electric
             13.7.1 Business Overview
             13.7.2 Products and Services
             13.7.3 Key Strategies
             13.7.4 Recent Developments
     13.8 Infor
             13.8.1 Business Overview
             13.8.2 Products and Services
             13.8.3 Key Strategies
             13.8.4 Recent Developments
     13.9 CGI Group
             13.9.1 Business Overview
             13.9.2 Products and Services
             13.9.3 Key Strategies
             13.9.4 Recent Developments
     13.10 Real Asset Management
             13.10.1 Business Overview
             13.10.2 Products and Services
             13.10.3 Key Strategies
             13.10.4 Recent Developments
     13.11 Assetsworks
             13.11.1 Business Overview
             13.11.2 Products and Services
             13.11.3 Key Strategies
             13.11.4 Recent Developments

14 Appendix (Page No. - 142)
     14.1 Industry Experts
     14.2 Discussion Guide
     14.3 Introduction RT: Real-Time Market Intelligence
     14.4 Available Customizations
             14.4.1 Geographic Analysis
                        14.4.1.1  Breakdown of the North America Enterprise Asset Management Market
                        14.4.1.2 Breakdown of the Europe Enterprise Asset Management Market
                        14.4.1.3 Breakdown of the APAC Enterprise Asset Management Market
                        14.4.1.4 Breakdown of the MEA Enterprise Asset Management Market
                        14.4.1.5 Breakdown of the Latin America Enterprise Asset Management Market
             14.4.2 Company Profiles
                        14.4.2.1 Detailed Analysis and Profiling of Additional Market Players
     14.5 Related Reports


List of Tables (70 Tables)

Table 1 Enterprise Asset Management Market Size and Growth, 2013-2020 ($Million, Y-O-Y %)
Table 2 Enterprise Asset Management Market Size and Growth, By Component, 2013-2020 ($Million)
Table 3 Drivers: Impact Analysis
Table 4 Restraints: Impact Analysis
Table 5 Opportunities: Impact Analysis
Table 6 Challenges: Impact Analysis
Table 7 Global Enterprise Asset Management Market Size, By Software, 2013-2020 ($Million)
Table 8 Linear Asset: Enterprise Asset Management Market Size, By Type, 2013-2020 ($Million)
Table 9 Linear Asset: Enterprise Asset Management Market Size, By Region, 2013-2020 ($Million)
Table 10 Road: Enterprise Asset Management Market Size, By Region, 2013-2020 ($Million)
Table 11 Railway: Enterprise Asset Management Market Size, By Region, 2013-2020 ($Million)
Table 12 Pipeline: Enterprise Asset Management Market Size, By Region, 2013-2020 ($Million)
Table 13 Electricity Transmission Line: Enterprise Asset Management Market Size, By Region, 2013-2020 ($Million)
Table 14 Non-Linear Asset: Enterprise Asset Management Market Size, By Type, 2013-2020 ($Million)
Table 15 Non-Linear Asset: Enterprise Asset Management Market Size, By Region, 2013-2020 ($Million)
Table 16 Fleet: Enterprise Asset Management Market Size, By Region, 2013-2020 ($Million)
Table 17 Equipment: Enterprise Asset Management Market Size, By Region, 2013-2020 ($Million)
Table 18 Building: Enterprise Asset Management Market Size, By Region, 2013-2020 ($Million)
Table 19 Field Service Management: Enterprise Asset Management Market Size, By Region, 2013-2020 ($Million)
Table 20 Asset MRO: Enterprise Asset Management Market Size, By Region, 2013-2020 ($Million)
Table 21 Global Enterprise Asset Management Market Size, By Services, 2013-2020 ($Million)
Table 22 Services: Enterprise Asset Management Market Size, By Region, 2013-2020 ($Million)
Table 23 Implementation: Enterprise Asset Management Market Size, By Region, 2013-2020 ($Million)
Table 24 Managed Services: Enterprise Asset Management Market Size, By Region, 2013-2020 ($Million)
Table 25 Training and Support: Enterprise Asset Management Market Size, By Region, 2013-2020 ($Million)
Table 26 Global Enterprise Asset Management Market Size, By Organization Size, 2013-2020 ($Million)
Table 27 SMB: Enterprise Asset Management Market Size, By Component, 2013-2020 ($Million)
Table 28 SMB: Enterprise Asset Management Market Size, By Application, 2013-2020 ($Million)
Table 29 SMB: Enterprise Asset Management Market Size, By Services, 2013-2020 ($Million)
Table 30 Large Enterprises: Enterprise Asset Management Market Size, By Component, 2013-2020 ($Million)
Table 31 Large Enterprises: Enterprise Asset Management Market Size, By Application, 2013-2020 ($Million)
Table 32 Large Enterprise: Enterprise Asset Management Market Size, By Services, 2013-2020 ($Million)
Table 33 Enterprise Asset Management Market Size, By Vertical, 2013-2020 ($Million)
Table 34 Government and Utilities: Enterprise Asset Management Market Size, By Component, 2013-2020 ($Million)
Table 35 Government and Utilities: Enterprise Asset Management Market Size, By Organization Size, 2013-2020 ($Million)
Table 36 Government and Utilities: Enterprise Asset Management Market Size, By Region, 2013-2020 ($Million)
Table 37 Oil & Gas: Enterprise Asset Managemententerprise Asset Management Market Size, By Component, 2013-2020 ($Million)
Table 38 Oil & Gas: Enterprise Asset Management: Market Size, By Organization Size, 2013-2020 ($Million)
Table 39 Oil & Gas: Enterprise Asset Management Market Size, By Region, 2013-2020 ($Million)
Table 40 Manufacturing: Enterprise Asset Management Market Size, By Component, 2013-2020 ($Million)
Table 41 Manufacturing:  Enterprise Asset Management Market Size, By Organization Size, 2013-2020 ($Million)
Table 42 Manufacturing: Enterprise Asset Management Market Size, By Region, 2013-2020 ($Million)
Table 43 Healthcare: Enterprise Asset Management Market Size, By Component, 2013-2020 ($Million)
Table 44 Healthcare:  Enterprise Asset Management Market Size, By Organization Size, 2013-2020 ($Million)
Table 45 Healthcare: Enterprise Asset Management Market Size, By Region, 2013-2020 ($Million)
Table 46 Transportation: Enterprise Asset Management Market Size, By Component, 2013-2020 ($Million)
Table 47 Transportation:  Enterprise Asset Management Market Size, By Organization Size, 2013-2020 ($Million)
Table 48 Transportation: Enterprise Asset Management Market Size, By Region, 2013-2020 ($Million)
Table 49 Other Industry: Enterprise Asset Management Market Size, By Component, 2013-2020 ($Million)
Table 50 Other Industry:  Enterprise Asset Management Market Size, By Organization Size, 2013-2020 ($Million)
Table 51 Other Industry: Enterprise Asset Management Market Size, By Region, 2013-2020 ($Million)
Table 52 Enterprise Asset Management Market Size, By Region, 2013-2020 ($Million)
Table 53 North America: Enterprise Asset Management Market Size, By Component, 2013-2020 ($Million)
Table 54 North America: Enterprise Asset Management Market Size, By  Organization Size, 2013-2020 ($Million)
Table 55 North America: Enterprise Asset Management Market Size, By  Vertical, 2013-2020 ($Million)
Table 56 Europe: Enterprise Asset Management Market Size, By  Component, 2013-2020 ($Million)
Table 57 Europe: Enterprise Asset Management Market Size, By  Organization Size, 2013-2020 ($Million)
Table 58 Europe: Enterprise Asset Management Market Size, By  Vertical, 2013-2020 ($Million)
Table 59 Asia-Pacific: Enterprise Asset Management Market Size, By  Component, 2013-2020 ($Million)
Table 60 Asia-Pacific: Enterprise Asset Management Market Size, By  Organization Size, 2013-2020 ($Million)
Table 61 Asia-Pacific: Enterprise Asset Management Market Size, By  Vertical, 2013-2020 ($Million)
Table 62 MEA: Enterprise Asset Management Market Size, By  Component, 2013-2020 ($Million)
Table 63 MEA: Enterprise Asset Management Market Size, By  Organization Size, 2013-2020 ($Million)
Table 64 MEA: Enterprise Asset Management Market Size, By  Vertical, 2013-2020 ($Million)
Table 65 Latin America: Enterprise Asset Management Market Size, By  Component, 2013-2020 ($Million)
Table 66 Latin America: Enterprise Asset Management Market Size, By  Organization Size, 2013-2020 ($Million)
Table 67 Latin America: Enterprise Asset Management Market Size, By  Vertical, 2013-2020 ($Million)
Table 68 New Product Launches, 2011-2015
Table 69 Agreements, Partnerships, Collaborations, and Joint Ventures
Table 70 Mergers & Acquisitions, 2010-2014


List of Figures (42 Figures)

Figure 1 Global Enterprise Asset Management Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Data Triangulation
Figure 6 Small and Medium Businesses Will Fuel the Growth of Global Enterprise Asset Management Market at A CAGR of 13.5% From 2015 to 2020
Figure 7 Government & Utilities Held Maximum Market Share, Healthcare to Grow at Highest CAGR of 11.7% From 2015-2020
Figure 8 North America Expected to Contribute Largest Share to Enterprise Asset Management Market in 2015
Figure 9 Integration of Enterprise Asset Management With Big Data Analytics Will Act as an Attractive Market Opportunity
Figure 10 Evolution of Enterprise Asset Management
Figure 11 Healthcare Segment Will Continue to Dominate the Enterprise Asset Management Market
Figure 12 Enterprise Asset Management Market Segmentation
Figure 13 Drivers, Restraints, Opportunities, and Challenges of the Enterprise Asset Management Market
Figure 14 Enterprise Asset Management Market: Value Chain
Figure 15 Field Service Management  to Grow at the Highest CAGR During the Forecast Period
Figure 16 Managed Services to Grow the Highest During the Forecast Period
Figure 17 SMB to Grow the Highest During the Forecast Period
Figure 18 North America Contributed the Highest Share in the Global Enterprise Asset Management  Market
Figure 19 Regional Snapshot: MEA is the Emerging Region in the Enterprise Asset Management  Market
Figure 20 MEA: an Emerging Region in Enterprise Asset Management  Market
Figure 21 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 22 MEA Market Snapshot: Growth is Driven By Investment in Asset-Driven Industries
Figure 23 Companies Adopted New Product Launch as the Key Growth Strategy  Between 2011-2014
Figure 24 Market Evaluation Framework
Figure 25 Oracle Success Factors Witnessed Highest CAGR From 2010 to 2014
Figure 26 Battle for Market Share: New Product Launches is the Key Strategy of the Leading Market Players
Figure 27 Geographic Revenue Mix of Top Market Players
Figure 28 IBM: Company Snapshot
Figure 29 SWOT Analysis: IBM
Figure 30 SAP: Company Snapshot
Figure 31 SWOT Analysis: SAP
Figure 32 Oracle: Company Snapshot
Figure 33 SWOT Analysis: Oracle
Figure 34 IFS: Company Snapshot
Figure 35 SWOT Analysis: IFS
Figure 36 ABB(Ventyx): Company Snapshot
Figure 37 SWOT Analysis: ABB
Figure 38 Schneider Electric: Company Snapshot
Figure 39 Infor: Company Snapshot
Figure 40 CGI Company Snapshot
Figure 41 Real Asset Management: Company Snapshot
Figure 42 Asset works: Company Snapshot

Enterprise asset management is defined as the lifecycle management of enterprise’s assets across departments, services, business units, and geographical locations. EAM is geared towards optimizing asset lifecycle, maximizing return on assets while reducing costs and risk and improving asset optimization decision making. This powers the organization to improve capital asset management to increase reliability, enhance condition based maintenance, and support asset sustainability. It also helps organizations in regulation compliance and cost containment. It is suitable for management of all types of assets, such as physical assets, digital assets, fixed and emerging assets, infrastructure, real estate, transportation, IT, and others. These enterprise asset management solutions have applications in a wide variety of industries, such as power industry, oil & gas, manufacturing, transportation, healthcare, metal & mining and many others.

In the last five years, enterprise asset management has evolved to meet the growing demands of the market. To combat challenges of maximizing lifecycle performance of their assets, organizations are now turning towards smarter physical infrastructure that integrates process and data throughout asset lifecycle. In addition to this, cloud and hosted deployment solutions and Big Data integration with enterprise asset management solutions are expected to create strong business opportunities in this market.

The market for enterprise asset management services is expected to grow the fastest as there is rapid rise in demand and enterprises are looking to enhance the working of their previously deployed solutions. The enterprise asset management market has presence of big players such as SAP, IBM, Oracle, CGI and others which make the competition intense in this market. The presence of these large players makes it difficult for new vendors to enter this market. To further strengthen their position in the market the major vendors have gone for strengthening their product portfolio where the companies have launched new product and services during the last four years.

Demand form aging infrastructure and growing importance of asset tracking are some of the major factors driving this market, whereas cloud-based deployment solutions and integration of enterprise asset management and Big Data analytics are some of the opportunities in the market.

North America is the largest market for enterprise asset management, while APAC and MEA offer potential growth opportunities, as it is increasingly being adopted across several industries in these regions. With the advancement in the technology and huge demands from emerging markets, the global enterprise asset management market is expected to witness substantial growth in the next 5 years.

The notable players in the enterprise asset management market are IBM, SAP, Oracle, ABB, IFS, CGI Group, and others. These players adopted various strategies like new product developments such as cloud-based and mobile-based enterprise asset management solutions, as well as mergers & acquisitions, partnerships & collaborations and business expansions to cater to the needs of the enterprise asset management market.

This report describes the global enterprise asset management market by software application, service, organization size, vertical, and region. Furthermore, the report also provides insights into major market drivers, restraints, opportunities, challenges, value chain analysis, and key global trends in the market. The geographical analysis covers the growth rate and penetration of enterprise asset management solutions across regions like North America, Europe, APAC, MEA, and Latin America. The report also covers company profiles of key market players, their product and service portfolio, key strategies and recent developments.

The enterprise asset management market size is expected to grow from $2,903.7 Million in 2015 to $4,751.2 Million by 2020, at an estimated Compound Annual Growth Rate (CAGR) of 10.3% from 2015 to 2020. The table given below highlights the enterprise asset management market size and Year-Over-Year (Y-O-Y) growth rate.

Enterprise Asset Management Market

Source: MarketsandMarkets Analysis

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