Enterprise Asset Management Market

Enterprise Asset Management Market by Component (Solutions, Services), Organization Size, Deployment Mode, Industry Vertical (Energy and Utilities, Government and Defense, Manufacturing, Transportation and Logistics), and Region - Global Forecast to 2024

Report Code: TC 3454 Aug, 2019, by marketsandmarkets.com

[134 Pages Report] The enterprise asset management market size to grow from USD 5.1 billion in 2019 to USD 8.2 billion by 2024, at a CAGR of 10.0% from 2019 to 2024. The increasing demand for cloud-based EAM solutions and need to gain a 360-degree view of assets are some of the major factors expected to drive the growth of this market.

Enterprise Asset Management Market

Predictive maintenance solutions to grow at the highest CAGR during the forecast period

On the basis of solutions, the EAM market is segmented into asset lifecycle management, inventory management, work order management, labor management, predictive maintenance, facility management, and reporting and analytics. Predictive maintenance solutions is expected to be the fastest-growing segment in the market, due to increasing demand for innovative technologies such as AI and ML for predicting and preventing system errors and reducing the overall maintenance cost.

Small and medium-sized enterprise segment to grow at a higher rate during the forecast period

Based on organization size, the EAM market is segmented into large enterprises and small and medium-sized enterprises (SMEs). The SMEs segment is expected to grow at a higher rate during the forecast period as compared to the large enterprises segment. SMEs can leverage mobility-based low-cost EAM solutions to remain competitive in the market. Moreover, SMEs having less financial strength as compared to large enterprises will require additional support from enterprise asset management solutions providers to maximize the utilization of their resources.

Enterprise Asset Management Market

North America to hold the largest market size during the forecast period

North America is expected to hold the largest market size in the global EAM market, while Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. North America is expected to be the leading region in terms of adopting and developing EAM solutions. The increasing demand to adhere to stringent regulatory compliances, increasing the presence of EAM vendors and growing government support are major factors of the market growth during the forecast period. Heavy investments made by private and public sectors for managing vital assets and equipment, resulting in an increased demand for EAM solutions and services used to increase the asset life cycle and reduce overall maintenance cost is a major factor fueling the growth of the market in APAC.

Key Enterprise Asset Management Market Players

Major vendors in the global enterprise asset management market include IBM (US), Oracle (US), IFS (Sweden), SAP (Germany), Infor (US), ABB (Switzerland), Aptean (US), CGI (Canada), IPS (Germany), Maintenance Connection (US), AVEVA (UK), AssetWorks (US), RFgen (US), eMaint (US), UpKeep (US), and Ultimo Software Solutions (UK). 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 EAM market further. Please visit 360Quadrants to see the vendor listing of Enterprise Asset Management Software.

IBM (US) is an eminent player offering enterprise asset management solutions. IBM Maximo provides real-time visibility into asset usage, which helps in improving the ROA and widening functions across multiple sites. The focus of the company is on developing data analyzing and data handling software to serve rising customer demands. One-third of IBM’s research spending is focused on data, analytics, and cognitive computing. With a wide range of EAM solutions, IBM has established a strong presence in the EAM market and to gain a competitive edge in this market; the company constantly focuses on adopting different growth strategies. For instance, in April 2019, IBM collaborated with Sund & Bζlt to design and develop an AI-powered IoT solution and extends the IBM Maximo portfolio.

Scope of Report

Report Metrics

Details

Market size available for years

2017-2024

Base year considered

2018

Forecast period

2019-2024

Forecast units

Value (USD)

Segments covered

Component (Solutions and Services), Deployment Mode, Organization Size, Vertical, and Region

Geographies covered

North America, Europe, APAC, Latin America, and MEA

Companies covered

It includes 16 major vendors, namely, IBM (US), Oracle (US), IFS (Sweden), SAP (Germany), Infor (US), ABB (Switzerland), Aptean (US), CGI (Canada), IPS (Germany), Maintenance Connection (US), AVEVA (UK), AssetWorks (US), RFgen (US), eMaint (US), UpKeep (US), and Ultimo Software Solutions (UK).

This research report categorizes the enterprise asset management market to forecast revenues and analyze trends in each of the following submarkets:

By Component, the enterprise asset management market is segmented as follows:

  • Component
    • Solutions
      • Asset Lifecycle Management
      • Inventory Management
      • Work Order Management
      • Labor management
      • Predictive Maintenance
      • Facility Management
      • Reporting and Analytics
    • Services
      • Professional Services
      • Managed Services

Based on deployment mode, the enterprise asset management market is segmented as follows:

  • On-premises
  • Cloud

By Organization Size, the enterprise asset management market is segmented as follows:

  • SMEs
  • Large Enterprises

Based on Vertical, the enterprise asset management market is segmented as follows:

  • Energy and Utilities
  • Manufacturing
  • Healthcare and Life Sciences
  • Transportation and Logistics
  • IT and Telecom
  • Government and Defense
  • Others (real estate and retail)

By Region, the enterprise asset management market is segmented as follows:

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • Rest of Europe
  • APAC
    • Australia and New Zealand (ANZ)
    • China
    • Rest of APAC
  • MEA
    • South Africa
    • United Arab Emirates (UAE)
    • Rest of MEA
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

Recent Developments

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

Critical Questions the Report Answers

  • What are the current trends that are driving the enterprise asset management market?
  • Where will all these developments take the industry in the mid to long term?
  • Who are the top vendors in the EAM market, and what is their competitive analysis?
  • What are the key driving factors and challenges impacting the EAM market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Regions Covered
    1.4 Years Considered for the Study
    1.5 Currency Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakup of Primary Profiles
                    2.1.2.2 Key Industry Insights
    2.2 Market Breakup and Data Triangulation
    2.3 Market Size Estimation
           2.3.1 Top-Down Approach
           2.3.2 Bottom-Up Approach
    2.4 Market Forecast
    2.5 Assumptions for the Study
    2.6 Limitations of the Study

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 29)
    4.1 Attractive Market Opportunities in the Enterprise Asset Management Market
    4.2 Market in North America, By Vertical and Country
    4.3 Market Major Countries

5 Market Overview (Page No. - 32)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Demand for Cloud-Based EAM Solutions
                    5.2.1.2 Gaining a 360 Degree View of Assets
           5.2.2 Restraints
                    5.2.2.1 Concerns of Organizations Related to Data Security and Confidentiality
           5.2.3 Opportunities
                    5.2.3.1 Extending the Asset Lifecycle With the Help of Advanced Technologies
                    5.2.3.2 Need for Digital Asset Management Strategy
           5.2.4 Challenges
                    5.2.4.1 Selecting the Right Solution That Aligns With the Organization’s Business Needs
                    5.2.4.2 Integration of EAM With Third-Party Erp Systems
    5.3 Industry Trends
           5.3.1 Use Case 1: Cern
           5.3.2 Use Case 2: Universal Forest Products
           5.3.3 Use Case 3: Pratt & Whitney

6 Enterprise Asset Management Market By Component (Page No. - 37)
    6.1 Introduction
    6.2 Solutions
           6.2.1 Asset Lifecycle Management
                    6.2.1.1 Growing Demand to Streamline Business Processes and Reduced Maintenance Cost Fuel the Demand for Enterprise Asset Management Solutions in the Market
           6.2.2 Inventory Management
                    6.2.2.1 Inventory Management Balances the Risks of Inventory Surfeits and Shortages Across the Different Verticals
           6.2.3 Work Order Management
                    6.2.3.1 Rise in Demand for Organizations to Efficiently Manage Work Orders and Improve Workforce Productivity is Expected to Drive the Growth of Work Order Management Solutions in the Market
           6.2.4 Labor Management
                    6.2.4.1 Growing Need to Manage and Increase Labor Productivity is Increasing the Adoption of Labor-Management Solutions in the Market
           6.2.5 Predictive Maintenance
                    6.2.5.1 Growing Demand for Monitoring and Predicting System Failures in Real-Time is Paving the Way for Predictive Maintenance Solutions in the Market
           6.2.6 Facility Management
                    6.2.6.1 Growing Demand to Transform Data Into Manageable Insights Fuel the Demand for Facility Management Solutions in the Market
           6.2.7 Reporting and Analytics
                    6.2.7.1 Need to Improve Operations With Real-Time Analysis of the Huge Amount of Data is Expected to Drive the Demand for Reporting and Analytics Solutions
    6.3 Services
           6.3.1 Professional Services
                    6.3.1.1 Growing Focus of Organizations to Effectively Deploy Enterprise Asset Management Solutions and Streamline Their Entire Service Lifecycle is Fuelling the Adoption of Professional Services
           6.3.2 Managed Services
                    6.3.2.1 Increasing Need to Reduce Data Breaches and Protect Intellectual Property is Fueling the Demand for Managed Services in the Market

7 Enterprise Asset Management Market By Deployment Mode (Page No. - 48)
    7.1 Introduction
    7.2 On-Premises
           7.2.1 Security Concerns Among Large Enterprises to Drive the Adoption of On-Premises Enterprise Asset Management Solution
    7.3 Cloud
           7.3.1 Scalability and Cost-Effectiveness of Cloud-Based Enterprise Asset Management Solution to Drive Their Adoption During the Forecast Period

8 Enterprise Asset Management Market By Organization Size (Page No. - 52)
    8.1 Introduction
    8.2 Large Enterprises
           8.2.1 Growing Focus of Large Enterprise to Efficiently Manage a Large Amount of Critical Assets to Drive the Adoption of Enterprise Asset Management Solution Among Large Enterprises
    8.3 Small and Medium-Sized Enterprises (SMES)
           8.3.1 Need for Cost-Effective Solutions to Drive the Demand for Enterprise Asset Management Solutions Among Small and Medium-Sized Enterprises

9 Enterprise Asset Management Market By Vertical (Page No. - 56)
    9.1 Introduction
    9.2 Energy and Utilities
           9.2.1 Focus of Organizations to Take Proactive Measures Against Outages and Reduce Risks in Managing Critical Operations Projected to Drive the Adoption of Enterprise Asset Management Solutions in Energy and Utilities Vertical
    9.3 Manufacturing
           9.3.1 Rising Need to Streamline Product Manufacturing and Delivery Process is Expected to Drive the Growth of Enterprise Asset Management Solution in Manufacturing Vertical
    9.4 Healthcare and Life Sciences
           9.4.1 Need to Automate and Improve Complex Healthcare Service Operations Expected to Drive the Demand for Enterprise Asset Management Solutions in Healthcare and Life Sciences Vertical
    9.5 Transportation and Logistics
           9.5.1 Rising Need to Minimize Cost of Transportation Assets is Expected to Fuel the Demand for Enterprise Asset Management Solutions During the Forecast Period
    9.6 IT and Telecom
           9.6.1 Demand for Highly Connected Environment to Efficiently Manage Various Assets is Expected to Drive Need for Enterprise Asset Management Solutions in IT and Telecom Vertical
    9.7 Government and Defense
           9.7.1 Need for Highly Reliable Assets to Handle Crucial Projects is Expected to Drive the Demand for Enterprise Asset Management Solutions in Government and Defense Vertical
    9.8 Others

10 Enterprise Asset Management Market By Region (Page No. - 65)
     10.1 Introduction
     10.2 North America
             10.2.1 United States
                       10.2.1.1 Early Adoption of Technologies and High Focus on Innovations to Boost Market Growth in the United States
             10.2.2 Canada
                       10.2.2.1 Adoption of Enterprise Asset Management Solutions Across Verticals to Drive the Market Growth in Canada
     10.3 Europe
             10.3.1 United Kingdom
                       10.3.1.1 Rise in Demand for Enterprise Asset Management Solutions to Maximize RoA to Drive the Growth of the Market in the United Kingdom
             10.3.2 Germany
                       10.3.2.1 Government Focuses on Innovation and Research to Drive the Enterprise Asset Management Market in Germany
             10.3.3 Rest of Europe
     10.4 Asia Pacific
             10.4.1 China
                       10.4.1.1 High Investment in Advanced Technologies Solutions to Drive the Market in China
             10.4.2 Australia and New Zealand
                       10.4.2.1 Increasing Adoption of Technologies in Various Industries Boost the Demand for Enterprise Asset Management in Australia and New Zealand
             10.4.3 Rest of Asia Pacific
     10.5 Middle East and Africa (MEA)
             10.5.1 UAE
                       10.5.1.1 Digitalization in Various Industries Boosts the Adoption of Enterprise Asset Management in the UAE
             10.5.2 South Africa
                       10.5.2.1 Increasing Demand for Enterprise Asset Management Solutions to Enhance the Customer Experience is Driving the Growth in South Africa
             10.5.3 Rest of Middle East and Africa
     10.6 Latin America
             10.6.1 Brazil
                       10.6.1.1 Rise in Number of Asset-Intensive Companies to Drive the Growth of the EAM Market in Brazil
             10.6.2 Mexico
                       10.6.2.1 Increasing Awareness of Enterprise Asset Management Solution to Drive the EAM Market in Mexico
             10.6.3 Rest of Latin America

11 Competitive Landscape (Page No. - 86)
     11.1 Competitive Scenario
             11.1.1 New Product Launches
             11.1.2 Business Expansions
             11.1.3 Mergers & Acquisitions
             11.1.4 Partnerships, Agreements, and Collaborations
     11.2 Competitive Leadership Mapping
             11.2.1 Visionary Leaders
             11.2.2 Innovators
             11.2.3 Dynamic Differentiators
             11.2.4 Emerging Companies

12 Company Profiles (Page No. - 95)
     12.1 Introduction
(Business Overview, Products, Solutions & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
     12.2 Oracle
     12.3 IFS
     12.4 Infor
     12.5 IBM
     12.6 SAP
     12.7 ABB
     12.8 Intelligent Process Solutions (IPS)
     12.9 Maintenance Connection
     12.10 AVEVA
     12.11 Aptean
     12.12 eMaint
     12.13 CGI
     12.14 UpKeep
     12.15 RFgen Software
     12.16 AssetWorks
     12.17 Ultimo Software Solutions

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

13 Appendix (Page No. - 127)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Available Customizations
     13.4 Related Reports
     13.5 Author Details


List of Tables (68 Tables)

Table 1 United States Dollar Exchange Rate, 2016–2018
Table 2 Factor Analysis
Table 3 Enterprise Asset Management Market Size, By Component, 2017–2024 (USD Million)
Table 4 Market Size By Solutions, 2017–2024 (USD Million)
Table 5 Asset Lifecycle Management: Market Size By Region, 2017–2024 (USD Million)
Table 6 Inventory Management: Market Size By Region, 2017–2024 (USD Million)
Table 7 Work Order Management: Market Size By Region, 2017–2024 (USD Million)
Table 8 Labor Management: Market Size By Region, 2017–2024 (USD Million)
Table 9 Predictive Maintenance: Market Size By Region, 2017–2024 (USD Million)
Table 10 Facility Management: Market Siz, By Region, 2017–2024 (USD Million)
Table 11 Reporting and Analytics: Market Size By Region, 2017–2024 (USD Million)
Table 12 Services: Market Size By Region, 2017–2024 (USD Million)
Table 13 Professional Services: Market Size By Region, 2017–2024 (USD Million)
Table 14 Managed Service: Market Size By Region, 2017–2024 (USD Million)
Table 15 Enterprise Asset Management Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 16 On-Premises: Market Size By Region, 2017–2024 (USD Million)
Table 17 Cloud: Market Size By Region, 2017–2024 (USD Million)
Table 18 Market Size By Organization Size, 2017–2024 (USD Million)
Table 19 Large Enterprises: Market Size By Region, 2017–2024 (USD Million)
Table 20 Small & Medium-Sized Enterprises: Market Size By Region, 2017–2024 (USD Million)
Table 21 Enterprise Asset Management Market Size, By Industry Vertical, 2017–2024 (USD Million)
Table 22 Energy and Utilities: Market Size By Region, 2017–2024 (USD Million)
Table 23 Manufacturing: Market Size By Region, 2017–2024 (USD Million)
Table 24 Healthcare and Life Sciences: Market Size By Region, 2017–2024 (USD Million)
Table 25 Transportation and Logistics: Market Size By Region, 2017–2024 (USD Million)
Table 26 IT and Telecom: Market Size By Region, 2017–2024 (USD Million)
Table 27 Government and Defense: Market Size By Region, 2017–2024 (USD Million)
Table 28 Others: Market Size By Region, 2017–2024 (USD Million)
Table 29 Enterprise Asset Management Market Size, By Region, 2017–2024 (USD Million)
Table 30 North America: Market Size By Country, 2017–2024 (USD Million)
Table 31 North America: Market Size  By Component, 2017–2024 (USD Million)
Table 32 North America: Market Size By Solutions, 2017–2024 (USD Million)
Table 33 North America: Market Size By Service, 2017–2024 (USD Million)
Table 34 North America: Market Size By Organization Size, 2017–2024 (USD Million)
Table 35 North America: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 36 North America: Market Size By Vertical, 2017–2024 (USD Million)
Table 37 Europe: Enterprise Asset Management Market Size, By Country, 2017–2024 (USD Million)
Table 38 Europe: Market Size By Component, 2017–2024 (USD Million)
Table 39 Europe: Market Size By Solutions, 2017–2024 (USD Million)
Table 40 Europe: Market Size By Services, 2017–2024 (USD Million)
Table 41 Europe: Market Size By Organization Size, 2017–2024 (USD Million)
Table 42 Europe: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 43 Europe: Market Size By Vertical, 2017–2024 (USD Million)
Table 44 Asia Pacific: Enterprise Asset Management Market Size, By Country, 2017–2024 (USD Million)
Table 45 Asia Pacific: Market Size By Component, 2017–2024 (USD Million)
Table 46 Asia Pacific: Market Size By Solutions, 2017–2024 (USD Million)
Table 47 Asia Pacific: Market Size By Services, 2017–2024 (USD Million)
Table 48 Asia Pacific: Market Size By Organization Size, 2017–2024 (USD Million)
Table 49 Asia Pacific: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 50 Asia Pacific: Market Size By Vertical, 2017–2024 (USD Million)
Table 51 Middle East and Africa: Enterprise Asset Management Market Size, By Country, 2017–2024 (USD Million)
Table 52 Middle East and Africa: Market Size By Component, 2017–2024 (USD Million)
Table 53 Middle East and Africa: Market Size By Solutions, 2017–2024 (USD Million)
Table 54 Middle East and Africa: Market Size By Services, 2017–2024 (USD Million)
Table 55 Middle East and Africa: Market Size By Organization Size, 2017–2024 (USD Million)
Table 56 Middle East and Africa: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 57 Middle East and Africa: Market Size By Vertical, 2017–2024 (USD Million)
Table 58 Latin America: Enterprise Asset Management Market Size, By Country, 2017–2024 (USD Million)
Table 59 Latin America: Market Size By Component, 2017–2024 (USD Million)
Table 60 Middle East and Africa: Market Size By Solution, 2017–2024 (USD Million)
Table 61 Latin America: Market Size By Services, 2017–2024 (USD Million)
Table 62 Latin America: Market Size By Organization Size, 2017–2024 (USD Million)
Table 63 Latin America: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 64 Latin America: Market Size By Vertical, 2017–2024 (USD Million)
Table 65 New Product Launches, 2017–2019
Table 66 Business Expansions, 2017–2019
Table 67 Acquisitions, 2016–2019
Table 68 Partnerships, Agreements, and Collaborations, 2017- 2019
 
 
List of Figures (32 Figures)
 
Figure 1 Enterprise Asset Management Market: Research Design
Figure 2 Enterprise Asset Management: Top-Down and Bottom-Up Approaches
Figure 3 Large Enterprises Segment to Hold the Largest Market Share in the EAM Market in 2019
Figure 4 North America Estimated to Account for the Largest Share of the Market in 2019
Figure 5 Growing Need to Gain 360 Degree View of Assets is One of the Major Factors Expected to Drive the Growth of Market
Figure 6 Energy and Utilities Vertical Expected to Account for the Largest Share of the North American Market in 2019
Figure 7 Enterprise Asset Management Market in Australia and New Zealand Expected to Grow at the Highest Rate During the Forecast Period
Figure 8 Drivers, Restraints, Opportunities, and Challenges
Figure 9 Services Segment Projected to Grow at a Higher CAGR During the Forecast Period as Compared to the Solutions Segment
Figure 10 Predictive Maintenance Segment Projected to Grow at the Highest CAGR During the Forecast Period
Figure 11 Professional Services Segment Expected to Lead Enterprise Asset Management Market During Forecast Period
Figure 12 Cloud Segment to Grow at a Higher CAGR During Forecast Period as Compared to On-Premises Segment
Figure 13 Small and Medium-Sized Enterprises Segment to Grow at a Higher CAGR During the Forecast Period as Compared to Large Enterprises Segment
Figure 14 Transportation and Logistics Vertical Expected to Grow at the Highest CAGR During the Forecast Period
Figure 15 Enterprise Asset Management Market in Asia Pacific Expected to Grow at the Highest CAGR During the Forecast Period
Figure 16 North America Market Snapshot
Figure 17 Asia Pacific Market Snapshot
Figure 18 Key Developments in the Market During 2018–2019
Figure 19 Enterprise Asset Management Market (Global) Competitive Leadership Mapping, 2019
Figure 20 Key Players of the Market 2018
Figure 21 Oracle: Company Snapshot
Figure 22 Oracle: SWOT Analysis
Figure 23 IFS: Company Snapshot
Figure 24 IFS: SWOT Analysis
Figure 25 Infor: Company Snapshot
Figure 26 Infor: SWOT Analysis
Figure 27 IBM: Company Snapshot
Figure 28 IBM: SWOT Analysis
Figure 29 SAP: Company Snapshot
Figure 30 ABB: Company Snapshot
Figure 31 SWOT Analysis: ABB
Figure 32 AVEVA: Company Snapshot

The study involved 4 major activities in estimating the current market size for the enterprise asset management (EAM) market. Exhaustive secondary research was done to collect information on the enterprise asset management market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakup and data triangulation procedures were used to estimate the market size of the segments and subsegments of the market.

Secondary Research

In the secondary research process, various secondary sources, such as D&B Hoovers, Bloomberg BusinessWeek, and Factiva, have been referred to, to identify and collect information for this study. These secondary sources included annual reports, press releases and investor presentations of companies, whitepapers, certified publications and articles by recognized authors, gold standard and silver standard websites, regulatory bodies, trade directories, and databases.

Primary Research

The EAM market comprises several stakeholders, such as EAM vendors, cloud solution providers, system integrators, professional service providers, resellers and distributors, research organizations, government agencies, enterprise users, venture capitalists, private equity firms, and startup companies. The demand side of the enterprise asset management market consists of enterprises from different verticals, such as IT and telecom, healthcare and life sciences, manufacturing, transportation and logistics, government and defense, energy and utilities, and others (real estate and retail). The supply-side includes enterprise asset management providers, offering enterprise asset management solutions and services. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakup of the primary respondents:

Enterprise Asset Management Market

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

Enterprise Asset Management Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the EAM market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakups were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. The data triangulation and market breakup procedures were employed, wherever applicable to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Various factors impacting the enterprise asset management market, such as recent developments, regulations, technology maturity, research and development, IT spending, cloud deployment, mergers & acquisitions, and partnerships were considered in the study.

Report Objectives

  • To define, describe, and forecast the enterprise asset management market by component, deployment mode, organization size, vertical, and region
  • To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the EAM market
  • To analyze micromarkets with respect to individual growth trends, prospects, and their contribution to the total market
  • To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the market
  • To forecast the size of the market segments with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and Latin America
  • To profile the key players in the market and comprehensively analyze their market share and core competencies
  • To track and analyze competitive developments, such as new product launches, mergers & acquisitions, partnerships, agreements, and collaborations in the EAM market

Available Customizations

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

Product Analysis

  • Product matrix gives a detailed comparison of the product portfolio of each company

Geographic Analysis

  • Further breakup of the European enterprise asset management market into countries
  • Further breakup of the APAC market into countries
  • Further breakup of the MEA market into countries
  • Further breakup of the Latin American market into countries

Company Information

  • Detailed analysis and profiling of additional market players

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Report Code
TC 3454
Published ON
Aug, 2019
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