Enterprise Asset Management Market

Enterprise Asset Management Market by Offering, Application (Asset Life Cycle Management, Inventory Management, Predictive Maintenance), Deployment Model, Organization Size, Vertical (Manufacturing, Energy & Utilities) & Region - Global Forecast to 2028

Report Code: TC 3454 Jan, 2024, by marketsandmarkets.com

[257 Pages Report] The enterprise asset management market is expected to grow from USD 4.7 billion in 2023 to USD 7.6 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 9.8% during the forecast period. Enterprise asset management is a business solution to manage organizations' assets across different departments, facilities, business units, and geographic locations. Companies can view their infrastructures throughout their entire lifecycle, from design, commission, or procurement to operation, maintenance, disposal, and replacement by implementing enterprise asset management solutions. Most market vendors offer robust and comprehensive solutions and encompass the agility and flexibility necessary to provide global organizations with the tools they need to manage their business operations, control costs, and increase overall productivity. Enterprise asset management has evolved. The most primitive form of asset management was using run–to–failure systems for railroads. In 1950, preventive maintenance systems were installed in railways and railroads. Since the 1980s, asset management practices, such as reliability-centered and condition-based maintenance, have been used in airline, military, and power verticals. After that, enterprises felt that tracking and managing assets and activities would significantly impact organizational efficiency regarding profit and resource optimization. Since the 20th century, advanced enterprise asset management solutions and services have been used in all asset-intensive verticals, including energy & utilities, transportation & logistics, government & defense, manufacturing, and healthcare & life sciences.

Enterprise Asset Management Market

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Recession Impact on the Enterprise Asset Management Market

The global enterprise asset management (EAM) market is intricately connected to various economic and geopolitical factors, and the simultaneous occurrence of a recession, the Russia-Ukraine war, inflation, and rising interest rates have profound implications for this sector. Recessionary periods often lead businesses to prioritize cost-cutting measures, prompting a reevaluation of asset management strategies. The Russia-Ukraine conflict introduces geopolitical uncertainties, disrupting global supply chains and affecting enterprises' ability to manage and maintain assets efficiently. Inflation poses a dual challenge, increasing operational costs and potentially diminishing purchasing power for EAM solutions. Rising interest rates can add further pressure by increasing the cost of capital for businesses looking to invest in EAM technologies. In such a complex environment, companies often reduce output and manufacturing activity during recessions due to the rising cost of raw materials. A drop in exports and economic activity might follow such a shift. Therefore, the enterprise asset management market will experience a transformation as it moves away from broad-based upgrading toward a focus on producing specific business value.

Enterprise Asset Management Market Dynamics

Driver:  Emergence of technologies to offer competitive advantage

Organizations increasingly recognize the strategic importance of technology-driven solutions in optimizing asset performance. Continuous innovation in sensor technologies, data analytics, and artificial intelligence has enabled the development of advanced EAM systems, fostering a paradigm shift from reactive to proactive asset management. Companies like IBM, SAP, and Oracle are at the forefront of incorporating predictive analytics and AI-driven insights into EAM solutions, enabling organizations to make data-driven decisions for maintenance, asset performance optimization, and overall operational efficiency. These technological advancements streamline asset management processes and contribute to significant cost savings and increased asset reliability. The rise of the Internet of Things (IoT) has been particularly impactful, as it allows for real-time monitoring of assets, enabling predictive maintenance and minimizing downtime.

Additionally, Artificial Intelligence (AI) and Machine Learning (ML) play a crucial role in EAM by analyzing vast datasets to predict equipment failures, optimize maintenance schedules, and improve overall asset performance. For instance, IBM's Maximo Asset Performance Management leverages AI to provide insights into equipment health, helping organizations make informed decisions. These technological advancements collectively contribute to more efficient asset management, reduced operational costs, and increased productivity, defining a new era for EAM solutions.

Restraint: Concerns over data security & confidentiality

As organizations increasingly rely on digital platforms to manage their assets, the vulnerability of sensitive information becomes a paramount issue. Data breaches and cyberattacks have raised apprehensions among businesses, as EAM systems often store critical data related to asset performance, maintenance schedules, and operational details. Instances such as the SolarWinds cyberattack in 2020, which impacted various sectors globally, including critical infrastructure, have underscored the vulnerability of digital systems. According to a study by IBM Security and the Ponemon Institute, the average cost of a data breach reached USD 4.24 million in 2021. In the context of EAM, industries dealing with sensitive information, like healthcare and finance, are particularly wary of adopting comprehensive asset management solutions due to the potential exposure of critical operational data. The fear of unauthorized access, data leaks, or malicious activities has made many enterprises hesitate to adopt EAM solutions, particularly in industries such as healthcare, finance, and defense dealing with highly confidential information. Compliance with data protection regulations, like the General Data Protection Regulation (GDPR) in Europe, adds a layer of complexity and scrutiny.

Opportunity: Data-driven asset management

Data is the driving force for change in many organizations. Today, organizations are creating data-driven business intelligence to gain deeper insights into their clients' needs and better understand businesses. To achieve this, enterprises need strong data science capabilities to implement the cross-functional model across different functionalities. Intelligent asset management provides real-time data-driven insights for predictive maintenance, monitoring, and management across industries. For example, in January 2022, IBM enhanced its Enterprise Asset Management platform, IBM Maximo Application Suite (MAS), with IBM Cloud Pak for Data to provide a framework for combining various data from different areas of an organization. Data-driven asset management offers the ability to make informed business decisions to avoid unplanned downtime due to critical problems and identify ways for cost saving and process optimization. According to IFS EAM Trend Report 2023, Among asset managers surveyed, 54% expressed a positive response, while 38% indicated a negative response, citing a lack of access to such data. Despite this, participants were questioned about the significance of data analytics and predictive modeling in enhancing asset management decisions, with more than 50% expressing that it holds either very or somewhat important; this implies that even among those without current access to the data, there is a shared belief that possessing such information would prove advantageous in optimizing asset management decisions.

Challenge: Cybersecurity concerns

The adoption of Enterprise Asset Management (EAM) solutions brings forth significant cybersecurity concerns that organizations must address to safeguard sensitive asset data and maintain the integrity of their operations. EAM systems, often reliant on interconnected networks and cloud-based platforms, become potential targets for cyber threats. The digitization of asset management processes increases the attack surface, exposing vulnerabilities that malicious actors may exploit. Breaches in EAM security could lead to unauthorized access to critical asset information, disruption of operations, and compromise of sensitive data. As organizations integrate EAM solutions with other enterprise systems, the potential for cyber threats grows, necessitating robust measures such as encryption, access controls, and continuous monitoring. Furthermore, the evolving nature of cyber threats demands a proactive approach, including regular software updates, employee training on cybersecurity best practices, and collaboration with cybersecurity experts to stay ahead of emerging threats. As EAM adoption continues to rise, prioritizing cybersecurity is paramount to ensure the resilience and reliability of asset management systems in the face of an ever-evolving threat landscape.

Enterprise Asset Management Market

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Based on application, the predictive maintenance segment will grow at a higher CAGR during the forecast period.

Predictive maintenance is a proactive approach that relies on data analytics, sensor technology, and machine learning algorithms to analyze real-time and historical data from assets. By monitoring equipment conditions, performance patterns, and potential failure indicators, predictive maintenance aims to optimize asset performance. This approach minimizes unplanned downtime, reduces maintenance costs, and extends the lifespan of critical assets. EAM systems with predictive maintenance capabilities enable organizations to transition from reactive and scheduled maintenance to a more efficient and strategic model. The integration of predictive maintenance into EAM enhances overall operational efficiency. It empowers organizations to make data-driven decisions, prioritize maintenance tasks, and allocate resources more effectively for sustained asset reliability.

Based on vertical, the transportation & logistics segment will grow at the highest CAGR during the forecast period.

In the dynamic and complex world of transportation, EAM solutions play a pivotal role in optimizing the maintenance, tracking, and utilization of diverse assets, ranging from vehicles and trailers to warehouse equipment. These solutions offer real-time visibility into the condition and location of assets, enabling companies to implement proactive maintenance strategies, minimize downtime, and extend the lifespan of their fleets. EAM systems also contribute to efficient inventory management, helping logistics providers track spare parts and manage the maintenance supply chain effectively. With route optimization and performance analytics features, EAM solutions enhance overall operational efficiency, reduce fuel consumption, and improve asset utilization in transportation and logistics operations. Integrating EAM with other systems, such as Transportation Management Systems (TMS) and Warehouse Management Systems (WMS), ensures a seamless flow of information, enabling organizations to make data-driven decisions and adapt quickly to changing logistics requirements.

Based on region, North America holds the largest market share during the forecast period.

North America stands at the forefront of global technological innovation, with robust technology and IT adoption across its diverse landscape. Organizations in North America are leveraging advanced technologies such as the Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML) to enhance the capabilities of EAM systems. Integrating IoT sensors with assets allows for real-time monitoring, predictive maintenance, and data-driven decision-making. This approach minimizes downtime, reduces maintenance costs, and prolongs the lifespan of critical assets. For example, in the energy sector, companies utilize IoT-enabled sensors to monitor equipment health, predict potential failures, and optimize maintenance schedules. Moreover, the shift towards mobile EAM applications has gained traction, allowing maintenance teams to access and update asset information on the go, enhancing overall operational efficiency.

Enterprise Asset Management Market Size, and Share

Key Market Players

The enterprise asset management market is dominated by a few globally established players such as IBM (US), SAP (Germany), Oracle (US), Hexagon (Sweden), and IFS (Sweden), among others, are the key vendors that secured enterprise asset management contracts in last few years. These vendors can bring global processes and execution expertise; the local players only have local expertise. Driven by increased disposable incomes, easy access to knowledge, and fast adoption of technological products, buyers are more willing to experiment/test new things in the enterprise asset management market.

Scope of Report

Report Metrics

Details

Market Size Available For Years

2018–2028

Base Year Considered

2022

Forecast Period

2023–2028

Forecast Units

Value (USD Million/Billion)

Segments Covered

Offering, Application, Deployment Model, Organization Size, and Vertical

Regions Covered

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

Companies Covered

 

 IBM (US), SAP (Germany), Oracle (US), Hexagon (Sweden), IFS (Sweden), Hitachi Energy (Switzerland), IFS Intelligent Process Solutions (Germany), Accruent (US), AVEVA (UK), Aptean (US), eMaint (US), CGI (Canada), UpKeep (US), RFgen Software (US), AssetWorks (US), Ramco Systems (India), and others

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

By Offering:
  • Software
  • Services
  • Professional Services
  • Managed Services
By Application:
  • Asset Lifecycle Management
  • Inventory Management
  • Work Order Management
  • Labor Management
  • Predictive Maintenance
  • Facility Management
  • Other Applications
By Deployment Model:
  • Cloud
  • On-premises
By Organization Size:
  • Large Enterprises
  • SMEs
By Vertical:
  • Manufacturing
  • Energy & Utilities
  • Healthcare & Life Sciences
  • Transportation & Logistics
  • IT & Telecom
  • Government & Public Sector
  • Education
  • Other Verticals
By Region:
  • North America
    • United States
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • Australia and New Zealand
    • India
    • South Korea
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
  • Saudi Arabia
  • UAE
  • Rest of the GCC Countries
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

Recent Developments:

  • In June 2023, American racing team AJ Foyt Racing announced a multi-year partnership with IFS to utilize IFS Ultimo's asset management solution for parts management, lifting, and maintenance.
  • In October 2022, Hexagon expanded its customer base in Asia Pacific through organic growth and partnerships to optimize digital asset management with the help of HxGN EAM.
  • In October 2022, Oracle introduced a new asset-based service solution for Oracle Fusion Cloud Applications Suite. It would help businesses predict and prevent asset downtime by reducing costs, optimizing service efficiency, and enhancing the overall customer experience.
  • In September 2022, Hitachi Energy announced that Energinet accelerated its digital transformation by utilizing the Lumada APM solution. The collaboration between the companies would support TSO in better assessing the grid reinvestments needed to achieve their 2030 carbon neutrality goals.
  • In January 2021, IBM collaborated with Atos to accelerate digital transformation in enterprises with AI and RedHat Open Shift technologies. The collaboration offers asset life cycle management solutions, asset monitoring and MRO optimization solutions, SMART waste/energy monitoring and optimization solutions, and packaging, transportation, and logistics optimization solutions to end users.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 28)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 MARKET SCOPE 
           1.3.1 MARKET SEGMENTATION
                    FIGURE 1 ENTERPRISE ASSET MANAGEMENT MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
                    FIGURE 2 MARKET SEGMENTATION, BY REGION
           1.3.3 YEARS CONSIDERED
                    FIGURE 3 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
           TABLE 1 USD EXCHANGE RATES, 2018–2022
    1.5 STAKEHOLDERS 
    1.6 SUMMARY OF CHANGES 
           1.6.1 RECESSION IMPACT
 
2 RESEARCH METHODOLOGY (Page No. - 36)
    2.1 RESEARCH APPROACH 
           FIGURE 4 ENTERPRISE ASSET MANAGEMENT MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakup of primary profiles
                               FIGURE 5 BREAKUP OF PRIMARY PROFILES, BY COMPANY TYPE, DESIGNATION, AND REGION
                    2.1.2.2 Key industry insights
    2.2 MARKET FORECAST 
           TABLE 2 FACTOR ANALYSIS
    2.3 MARKET SIZE ESTIMATION 
           FIGURE 6 MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES
           2.3.1 TOP-DOWN APPROACH
                    FIGURE 7 TOP-DOWN APPROACH
           2.3.2 BOTTOM-UP APPROACH
                    FIGURE 8 BOTTOM-UP APPROACH
                    FIGURE 9 ENTERPRISE ASSET MANAGEMENT MARKET: RESEARCH FLOW
                    FIGURE 10 SUPPLY-SIDE ANALYSIS
                    FIGURE 11 BOTTOM-UP APPROACH FROM SUPPLY SIDE: COLLECTIVE REVENUE OF VENDORS
                    FIGURE 12 SUPPLY-SIDE APPROACH: CAGR PROJECTIONS
                    FIGURE 13 DEMAND-SIDE APPROACH
    2.4 DATA TRIANGULATION 
           FIGURE 14 DATA TRIANGULATION
    2.5 IMPACT OF RECESSION ON GLOBAL MARKET 
    2.6 RESEARCH ASSUMPTIONS 
    2.7 LIMITATIONS 
 
3 EXECUTIVE SUMMARY (Page No. - 53)
    TABLE 3 ENTERPRISE ASSET MANAGEMENT MARKET SIZE AND GROWTH, 2018–2022 (USD MILLION, Y-O-Y%) 
    TABLE 4 MARKET SIZE AND GROWTH, 2023–2028 (USD MILLION, Y-O-Y%) 
    FIGURE 15 GLOBAL MARKET TO WITNESS SIGNIFICANT GROWTH 
    FIGURE 16 FASTEST-GROWING SEGMENTS IN MARKET, 2023–2028 
    FIGURE 17 MARKET: REGIONAL SNAPSHOT 
 
4 PREMIUM INSIGHTS (Page No. - 57)
    4.1 OVERVIEW OF MARKET 
           FIGURE 18 NEED TO MINIMIZE UNPLANNED DOWNTIME, REDUCE MAINTENANCE COST THROUGH PREDICTIVE & PREVENTIVE STRATEGIES, AND EXTEND LIFESPAN OF ASSETS TO DRIVE MARKET GROWTH
    4.2 MARKET, BY OFFERING 
           FIGURE 19 ENTERPRISE ASSET MANAGEMENT SOLUTIONS TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD
    4.3 MARKET, BY APPLICATION 
           FIGURE 20 ASSET LIFECYCLE MANAGEMENT TO ACCOUNT FOR LARGEST APPLICATION MARKET DURING FORECAST PERIOD
    4.4 MARKET, BY DEPLOYMENT MODEL 
           FIGURE 21 ON-PREMISE DEPLOYMENT TO WITNESS SIGNIFICANTLY HIGHER DEMAND DURING FORECAST PERIOD
    4.5 MARKET, BY ORGANIZATION SIZE 
           FIGURE 22 LARGE ENTERPRISES TO ACCOUNT FOR LARGER ADOPTION OF MARKET DURING FORECAST PERIOD
    4.6 MARKET, BY VERTICAL 
           FIGURE 23 GOVERNMENT & DEFENSE VERTICAL TO ACCOUNT FOR LARGEST MARKET SHARE IN 2023
    4.7 MARKET: REGIONAL SCENARIO 
           FIGURE 24 ASIA PACIFIC TO EMERGE AS BEST MARKET FOR INVESTMENT IN NEXT FIVE YEARS
 
5 ENTERPRISE ASSET MANAGEMENT MARKET OVERVIEW AND INDUSTRY TRENDS (Page No. - 61)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 25 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Predictive and preventive maintenance to extend life of assets
                    5.2.1.2 Emergence of technologies to offer competitive advantage
                               FIGURE 26 IMPACT OF EMERGING TECHNOLOGIES ON MAINTENANCE AND BUSINESS PRACTICES, 2023
                    5.2.1.3 Rise in need for 360-degree view of assets
                    5.2.1.4 Need to overcome unplanned downtime to prevent losses
           5.2.2 RESTRAINTS
                    5.2.2.1 Regulatory compliance issues
                    5.2.2.2 Concerns over data security & confidentiality
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Data-driven asset management
                               FIGURE 27 NEED FOR DATA TO MONITOR ASSET HEALTH & PERFORMANCE, 2023
                    5.2.3.2 Inclination of organizations toward cloud-based systems
                    5.2.3.3 Need for remote asset management with outbreak of COVID-19
           5.2.4 CHALLENGES
                    5.2.4.1 Integration of enterprise asset management systems with third-party ERP systems
                    5.2.4.2 Concerns regarding cybersecurity
    5.3 CASE STUDY ANALYSIS 
           5.3.1 IBM HELPED DUBAI INTERNATIONAL AIRPORT MANAGE ASSETS ACROSS SEVERAL THOUSAND LOCATIONS
           5.3.2 ERG OPTIMIZED PLANT MAINTENANCE AND REDUCED DOWNTIME
           5.3.3 HOLMEN STREAMLINED MAINTENANCE, SUPPORTED UPTIME, AND REDUCED COSTS WITH IFS ENTERPRISE ASSET MANAGEMENT
           5.3.4 MAINPAC’S ENTERPRISE ASSET MANAGEMENT HELPED SAVE MONEY FOR PORT OPERATOR
           5.3.5 FIIX CMMS PROVIDED FLEXIBILITY TO ADAPT TO CHANGING BUSINESS CONDITIONS
           5.3.6 COREFX IMPLEMENTED APTEAN ENTERPRISE ASSET MANAGEMENT FOR TRANSPARENCY, SAFETY, AND EFFICIENCY
    5.4 VALUE CHAIN ANALYSIS 
           FIGURE 28 ENTERPRISE ASSET MANAGEMENT MARKET: VALUE CHAIN ANALYSIS
    5.5 ECOSYSTEM 
           FIGURE 29 MARKET: ECOSYSTEM
    5.6 TECHNOLOGICAL ANALYSIS 
           5.6.1 KEY TECHNOLOGY
                    5.6.1.1 Cloud computing
                    5.6.1.2 Mobility
           5.6.2 COMPLEMENTARY TECHNOLOGY
                    5.6.2.1 Internet of Things (IoT)
                    5.6.2.2 AR/VR
           5.6.3 ADJACENT TECHNOLOGY
                    5.6.3.1 Blockchain
                    5.6.3.2 AI/ML
    5.7 PRICING ANALYSIS 
           TABLE 5 INDICATIVE PRICING ANALYSIS OF ENTERPRISE ASSET MANAGEMENT VENDORS, BY OFFERING
    5.8 PATENT ANALYSIS 
           FIGURE 30 NUMBER OF PATENTS PUBLISHED, 2012–2022
           FIGURE 31 TOP FIVE GLOBAL PATENT OWNERS
           TABLE 6 US: TOP 10 PATENT APPLICANTS
    5.9 PORTER’S FIVE FORCES ANALYSIS 
           FIGURE 32 ENTERPRISE ASSET MANAGEMENT MARKET: PORTER’S FIVE FORCES ANALYSIS
           TABLE 7 PORTER’S FIVE FORCES IMPACT ON MARKET
           5.9.1 THREAT OF NEW ENTRANTS
           5.9.2 THREAT OF SUBSTITUTES
           5.9.3 BARGAINING POWER OF SUPPLIERS
           5.9.4 BARGAINING POWER OF BUYERS
           5.9.5 INTENSITY OF COMPETITIVE RIVALRY
    5.10 REGULATORY LANDSCAPE 
           5.10.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 8 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 9 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 10 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 11 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.10.2 REGULATIONS
    5.11 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 
                    FIGURE 33 REVENUE SHIFT FOR MARKET
    5.12 KEY STAKEHOLDERS & BUYING CRITERIA 
           5.12.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 34 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR END USERS
                    TABLE 12 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR END USERS
           5.12.2 BUYING CRITERIA
                    FIGURE 35 KEY BUYING CRITERIA FOR END USERS
                    TABLE 13 KEY BUYING CRITERIA FOR END USERS
    5.13 BUSINESS MODEL ANALYSIS 
                    FIGURE 36 MARKET: BUSINESS MODEL
    5.14 KEY CONFERENCES AND EVENTS 
                    TABLE 14 MARKET: DETAILED LIST OF CONFERENCES AND EVENTS, 2024–2025
 
6 ENTERPRISE ASSET MANAGEMENT MARKET, BY OFFERING (Page No. - 88)
    6.1 INTRODUCTION 
           FIGURE 37 ENTERPRISE ASSET MANAGEMENT SOLUTIONS TO BE LARGER MARKET DURING FORECAST PERIOD
           6.1.1 OFFERING: MARKET DRIVERS
                    TABLE 15 MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                    TABLE 16 MARKET, BY OFFERING, 2023–2028 (USD MILLION)
    6.2 SOLUTIONS 
           6.2.1 OPTIMIZATION OF PRODUCTION WORKFLOW BY MANAGING PHYSICAL ASSETS
                    TABLE 17 ENTERPRISE ASSET MANAGEMENT SOLUTIONS MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 18 ENTERPRISE ASSET MANAGEMENT SOLUTIONS MARKET, BY REGION, 2023–2028 (USD MILLION)
    6.3 SERVICES 
           6.3.1 IMPROVED ASSET PERFORMANCE, REDUCED DOWNTIME, AND ENHANCED OVERALL OPERATIONAL EFFECTIVENESS WITH SERVICES
                    FIGURE 38 MANAGED SERVICES TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
                    TABLE 19 MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                    TABLE 20 MARKET, BY SERVICE, 2023–2028 (USD MILLION)
           6.3.2 PROFESSIONAL SERVICES
                    6.3.2.1 Planning & consulting
                    6.3.2.2 Training & education
                    6.3.2.3 Support & maintenance
                               TABLE 21 ENTERPRISE ASSET MANAGEMENT PROFESSIONAL SERVICES MARKET, BY REGION, 2018–2022 (USD MILLION)
                               TABLE 22 ENTERPRISE ASSET MANAGEMENT PROFESSIONAL SERVICES MARKET, BY REGION, 2023–2028 (USD MILLION)
           6.3.3 MANAGED SERVICES
                    TABLE 23 ENTERPRISE ASSET MANAGEMENT MANAGED SERVICES MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 24 ENTERPRISE ASSET MANAGEMENT MANAGED SERVICES MARKET, BY REGION, 2023–2028 (USD MILLION)
 
7 ENTERPRISE ASSET MANAGEMENT MARKET, BY APPLICATION (Page No. - 96)
    7.1 INTRODUCTION 
           7.1.1 APPLICATION: MARKET DRIVERS
                    FIGURE 39 PREDICTIVE MAINTENANCE TO RECORD HIGHEST CAGR AMONG APPLICATIONS DURING FORECAST PERIOD
                    TABLE 25 MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                    TABLE 26 MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
    7.2 ASSET LIFECYCLE MANAGEMENT 
           7.2.1 NEED TO IMPROVE ACCESSIBILITY AND MANAGEMENT OF ASSETS
                    TABLE 27 ENTERPRISE ASSET LIFECYCLE MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 28 ENTERPRISE ASSET LIFECYCLE MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.3 INVENTORY MANAGEMENT 
           7.3.1 ABILITY TO SYSTEMATICALLY TRACK FLOW OF GOODS FROM MANUFACTURERS TO CUSTOMERS
                    TABLE 29 ENTERPRISE INVENTORY MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 30 ENTERPRISE INVENTORY MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.4 WORK ORDER MANAGEMENT 
           7.4.1 ENHANCING CUSTOMER EXPERIENCES BY MANAGING WORK ORDERS
                    TABLE 31 ENTERPRISE WORK ORDER MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 32 ENTERPRISE WORK ORDER MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.5 LABOR MANAGEMENT 
           7.5.1 DEMAND TO MANAGE WORKFORCE IN ASSET-INTENSIVE INDUSTRIES
                    TABLE 33 ENTERPRISE LABOR MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 34 ENTERPRISE LABOR MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.6 PREDICTIVE MAINTENANCE 
           7.6.1 EMPOWERING ORGANIZATIONS TO MINIMIZE UNPLANNED DOWNTIME AND EXTEND LIFESPAN OF CRITICAL ASSETS
                    TABLE 35 ENTERPRISE ASSET PREDICTIVE MAINTENANCE MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 36 ENTERPRISE ASSET PREDICTIVE MAINTENANCE MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.7 FACILITY MANAGEMENT 
           7.7.1 OPTIMIZATION OF MATERIAL RESOURCES TO IMPROVE PRODUCTIVITY
                    TABLE 37 ENTERPRISE FACILITY MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 38 ENTERPRISE FACILITY MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.8 OTHER APPLICATIONS 
           TABLE 39 OTHER ENTERPRISE ASSET MANAGEMENT APPLICATIONS MARKET, BY REGION, 2018–2022 (USD MILLION)
           TABLE 40 OTHER ENTERPRISE ASSET MANAGEMENT APPLICATIONS MARKET, BY REGION, 2023–2028 (USD MILLION)
 
8 ENTERPRISE ASSET MANAGEMENT MARKET, BY DEPLOYMENT MODEL (Page No. - 106)
    8.1 INTRODUCTION 
           8.1.1 DEPLOYMENT MODEL: MARKET DRIVERS
                    TABLE 41 MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD MILLION)
                    TABLE 42 MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION)
    8.2 ON-PREMISES 
           8.2.1 PROVIDING ORGANIZATIONS CONTROL OVER PRIVACY AND SECURITY OF CONFIDENTIAL DATA
                    TABLE 43 ON-PREMISE MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 44 ON-PREMISE MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.3 CLOUD 
           8.3.1 GROWING NEED FOR COST-EFFECTIVE ENTERPRISE ASSET MANAGEMENT SOLUTIONS
                    TABLE 45 CLOUD-BASED MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 46 CLOUD-BASED MARKET, BY REGION, 2023–2028 (USD MILLION)
 
9 ENTERPRISE ASSET MANAGEMENT MARKET, BY ORGANIZATION SIZE (Page No. - 111)
    9.1 INTRODUCTION 
           9.1.1 ORGANIZATION SIZE: MARKET DRIVERS
                    TABLE 47 MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD MILLION)
                    TABLE 48 MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
    9.2 LARGE ENTERPRISES 
           9.2.1 DEMAND FOR MANAGING LARGE NUMBER OF ASSETS ACROSS DEPARTMENTS
                    TABLE 49 MARKET FOR LARGE ENTERPRISES, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 50 MARKET FOR LARGE ENTERPRISES, BY REGION, 2023–2028 (USD MILLION)
    9.3 SMALL & MEDIUM-SIZED ENTERPRISES 
           9.3.1 NEED FOR LOW-COST ENTERPRISE ASSET MANAGEMENT SOFTWARE
                    TABLE 51 MARKET FOR SMALL & MEDIUM-SIZED ENTERPRISES, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 52 MARKET FOR SMALL & MEDIUM-SIZED ENTERPRISES, BY REGION, 2023–2028 (USD MILLION)
 
10 ENTERPRISE ASSET MANAGEMENT MARKET, BY VERTICAL (Page No. - 116)
     10.1 INTRODUCTION 
             10.1.1 VERTICAL: MARKET DRIVERS
                       TABLE 53 MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
                       TABLE 54 MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
     10.2 MANUFACTURING 
             10.2.1 INCREASE IN CUSTOMER DEMAND AND NEED TO LEVERAGE DATA ANALYTICS TO IDENTIFY AND PREVENT POTENTIAL ISSUES
             10.2.2 MANUFACTURING: APPLICATION AREAS
                       10.2.2.1 Heavy machinery manufacturing
                       10.2.2.2 Discrete manufacturing
                       10.2.2.3 Process manufacturing
                                   TABLE 55 MARKET IN MANUFACTURING, BY REGION, 2018–2022 (USD MILLION)
                                   TABLE 56 MARKET IN MANUFACTURING, BY REGION, 2023–2028 (USD MILLION)
     10.3 ENERGY & UTILITIES 
             10.3.1 DEMAND FOR TECHNOLOGICAL INNOVATION TO PROVIDE PERSONALIZED SERVICES
             10.3.2 ENERGY & UTILITIES: APPLICATION AREAS
                       10.3.2.1 Power generation
                       10.3.2.2 Renewable energy
                       10.3.2.3 Oil& gas exploration and production
                                   TABLE 57 ENTERPRISE ASSET MANAGEMENT MARKET IN ENERGY & UTILITIES, BY REGION, 2018–2022 (USD MILLION)
                                   TABLE 58 MARKET IN ENERGY & UTILITIES, BY REGION, 2023–2028 (USD MILLION)
     10.4 HEALTHCARE & LIFE SCIENCES 
             10.4.1 IMPORTANCE OF RELIABILITY OF MEDICAL EQUIPMENT AND MANAGING INVENTORY
             10.4.2 HEALTHCARE & LIFE SCIENCES: APPLICATION AREAS
                       10.4.2.1 Hospitals & clinics
                       10.4.2.2 Medical device manufacturing
                       10.4.2.3 Pharmaceuticals
                       10.4.2.4 Other application areas
                                   TABLE 59 MARKET IN HEALTHCARE & LIFE SCIENCES, BY REGION, 2018–2022 (USD MILLION)
                                   TABLE 60 MARKET IN HEALTHCARE & LIFE SCIENCES, BY REGION, 2023–2028 (USD MILLION)
     10.5 TRANSPORTATION & LOGISTICS 
             10.5.1 BETTER MAINTENANCE OF FIXED ASSETS WITH DATA-DRIVEN DECISIONS FOR CHANGING LOGISTICS REQUIREMENTS
             10.5.2 TRANSPORTATION & LOGISTICS: APPLICATION AREAS
                       10.5.2.1 Fleet management
                       10.5.2.2 Warehouse management system
                       10.5.2.3 Distribution center equipment
                       10.5.2.4 Other application areas
                                   TABLE 61 MARKET IN TRANSPORTATION & LOGISTICS, BY REGION, 2018–2022 (USD MILLION)
                                   TABLE 62 MARKET IN TRANSPORTATION & LOGISTICS, BY REGION, 2023–2028 (USD MILLION)
     10.6 IT & TELECOM 
             10.6.1 OPTIMIZATION OF CAPITAL EXPENDITURE WITH WELL-SCHEDULED MAINTENANCE
             10.6.2 IT& TELECOM: APPLICATION AREAS
                       10.6.2.1 Telecom infrastructure
                       10.6.2.2 Network operation
                       10.6.2.3 Data centers
                                   TABLE 63 ENTERPRISE ASSET MANAGEMENT MARKET IN IT & TELECOM, BY REGION, 2018–2022 (USD MILLION)
                                   TABLE 64 MARKET IN IT & TELECOM, BY REGION, 2023–2028 (USD MILLION)
     10.7 GOVERNMENT & PUBLIC SECTOR 
             10.7.1 ASSET VALUATION, RISK MANAGEMENT, PREVENTIVE MAINTENANCE, AND CONDITION ANALYSIS CRUCIAL IN DEFENSE AND PUBLIC WORKS
             10.7.2 GOVERNMENT & PUBLIC SECTOR: APPLICATION AREAS
                       10.7.2.1 Infrastructure management
                       10.7.2.2 Public works
                       10.7.2.3 Municipal services
                                   TABLE 65 MARKET IN GOVERNMENT & PUBLIC SECTOR, BY REGION, 2018–2022 (USD MILLION)
                                   TABLE 66 MARKET IN GOVERNMENT & PUBLIC SECTOR, BY REGION, 2023–2028 (USD MILLION)
     10.8 EDUCATION 
             10.8.1 MANAGING GROWING SIZE OF ASSETS WITH ENHANCED RECORD KEEPING, TRACKING SPENDING, AND IMPROVING MAINTENANCE
             10.8.2 EDUCATION: APPLICATION AREAS
                       10.8.2.1 Education facilities
                       10.8.2.2 Research institutions
                                   TABLE 67 MARKET IN EDUCATION, BY REGION, 2018–2022 (USD MILLION)
                                   TABLE 68 MARKET IN EDUCATION, BY REGION, 2023–2028 (USD MILLION)
     10.9 OTHER VERTICALS 
               TABLE 69 MARKET IN OTHER VERTICALS, BY REGION, 2018–2022 (USD MILLION)
               TABLE 70 MARKET IN OTHER VERTICALS, BY REGION, 2023–2028 (USD MILLION)
 
11 ENTERPRISE ASSET MANAGEMENT MARKET, BY REGION (Page No. - 132)
     11.1 INTRODUCTION 
               FIGURE 43 NORTH AMERICA TO ACCOUNT FOR LARGEST SHARE IN MARKET
               TABLE 71 MARKET, BY REGION, 2018–2022 (USD MILLION)
               TABLE 72 MARKET, BY REGION, 2023–2028 (USD MILLION)
     11.2 NORTH AMERICA 
             11.2.1 NORTH AMERICA: MARKET DRIVERS
             11.2.2 NORTH AMERICA: RECESSION IMPACT
                       FIGURE 44 NORTH AMERICA: MARKET SNAPSHOT
                       TABLE 73 NORTH AMERICA: ENTERPRISE ASSET MANAGEMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                       TABLE 74 NORTH AMERICA: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                       TABLE 75 NORTH AMERICA: MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                       TABLE 76 NORTH AMERICA: MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                       TABLE 77 NORTH AMERICA: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                       TABLE 78 NORTH AMERICA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 79 NORTH AMERICA: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD MILLION)
                       TABLE 80 NORTH AMERICA: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION)
                       TABLE 81 NORTH AMERICA: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD MILLION)
                       TABLE 82 NORTH AMERICA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
                       TABLE 83 NORTH AMERICA: MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
                       TABLE 84 NORTH AMERICA: MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
                       TABLE 85 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                       TABLE 86 NORTH AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             11.2.3 US
                       11.2.3.1 Advanced IT infrastructure and availability of proficient technical expertise
                                   TABLE 87 US: ENTERPRISE ASSET MANAGEMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                                   TABLE 88 US: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 89 US: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD MILLION)
                                   TABLE 90 US: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
             11.2.4 CANADA
                       11.2.4.1 Digitization in public sector due to adopting cloud-based security solutions and services
                                   TABLE 91 CANADA: MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                                   TABLE 92 CANADA: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 93 CANADA: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD MILLION)
                                   TABLE 94 CANADA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
     11.3 EUROPE 
             11.3.1 EUROPE: MARKET DRIVERS
             11.3.2 EUROPE: RECESSION IMPACT
                       TABLE 95 EUROPE: ENTERPRISE ASSET MANAGEMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                       TABLE 96 EUROPE: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                       TABLE 97 EUROPE: MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                       TABLE 98 EUROPE: MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                       TABLE 99 EUROPE: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                       TABLE 100 EUROPE: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 101 EUROPE: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD MILLION)
                       TABLE 102 EUROPE: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION)
                       TABLE 103 EUROPE: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD MILLION)
                       TABLE 104 EUROPE: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
                       TABLE 105 EUROPE: MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
                       TABLE 106 EUROPE: MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
                       TABLE 107 EUROPE: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                       TABLE 108 EUROPE: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             11.3.3 UK
                       11.3.3.1 Growing adoption of cloud and other technologies to increase demand for EAM solutions and services
                                   TABLE 109 UK: MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                                   TABLE 110 UK: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 111 UK: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD MILLION)
                                   TABLE 112 UK: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
             11.3.4 GERMANY
                       11.3.4.1 Adoption of IIoT and analytics, along with cloud services
                                   TABLE 113 GERMANY: ENTERPRISE ASSET MANAGEMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                                   TABLE 114 GERMANY: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 115 GERMANY: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD MILLION)
                                   TABLE 116 GERMANY: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
             11.3.5 FRANCE
                       11.3.5.1 Increase in spending on cloud services in public sector
                                   TABLE 117 FRANCE: MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                                   TABLE 118 FRANCE: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 119 FRANCE: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD MILLION)
                                   TABLE 120 FRANCE: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
             11.3.6 ITALY
                       11.3.6.1 Growing focus on digital transformation and cloud adoption in various sectors
                                   TABLE 121 ITALY: MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                                   TABLE 122 ITALY: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 123 ITALY: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD MILLION)
                                   TABLE 124 ITALY: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
             11.3.7 REST OF EUROPE
                       TABLE 125 REST OF EUROPE: MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                       TABLE 126 REST OF EUROPE: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                       TABLE 127 REST OF EUROPE: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD MILLION)
                       TABLE 128 REST OF EUROPE: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
     11.4 ASIA PACIFIC 
             11.4.1 ASIA PACIFIC: MARKET DRIVERS
             11.4.2 ASIA PACIFIC: RECESSION IMPACT
                       FIGURE 45 ASIA PACIFIC: ENTERPRISE ASSET MANAGEMENT MARKET SNAPSHOT
                       TABLE 129 ASIA PACIFIC: MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                       TABLE 130 ASIA PACIFIC: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                       TABLE 131 ASIA PACIFIC: MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                       TABLE 132 ASIA PACIFIC: MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                       TABLE 133 ASIA PACIFIC: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                       TABLE 134 ASIA PACIFIC: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 135 ASIA PACIFIC: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD MILLION)
                       TABLE 136 ASIA PACIFIC: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION)
                       TABLE 137 ASIA PACIFIC: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD MILLION)
                       TABLE 138 ASIA PACIFIC: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
                       TABLE 139 ASIA PACIFIC: MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
                       TABLE 140 ASIA PACIFIC: MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
                       TABLE 141 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                       TABLE 142 ASIA PACIFIC: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             11.4.3 CHINA
                       11.4.3.1 Rapid expansion of digital services, transforming traditional industries
                                   TABLE 143 CHINA: MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                                   TABLE 144 CHINA: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 145 CHINA: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD MILLION)
                                   TABLE 146 CHINA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
             11.4.4 JAPAN
                       11.4.4.1 Focus on R&D investments to boost innovation and government regulations for prevalence of cloud services in enterprises
                                   TABLE 147 JAPAN: ENTERPRISE ASSET MANAGEMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                                   TABLE 148 JAPAN: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 149 JAPAN: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD MILLION)
                                   TABLE 150 JAPAN: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
             11.4.5 AUSTRALIA & NEW ZEALAND
                       11.4.5.1 Rapid technological innovation across industry verticals
                                   TABLE 151 AUSTRALIA & NEW ZEALAND: MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                                   TABLE 152 AUSTRALIA & NEW ZEALAND: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 153 AUSTRALIA & NEW ZEALAND: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD MILLION)
                                   TABLE 154 AUSTRALIA & NEW ZEALAND: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
             11.4.6 REST OF ASIA PACIFIC
                       TABLE 155 REST OF ASIA PACIFIC: MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                       TABLE 156 REST OF ASIA PACIFIC: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                       TABLE 157 REST OF ASIA PACIFIC: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD MILLION)
                       TABLE 158 REST OF ASIA PACIFIC: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
     11.5 MIDDLE EAST & AFRICA 
             11.5.1 MIDDLE EAST & AFRICA: MARKET DRIVERS
             11.5.2 MIDDLE EAST & AFRICA: RECESSION IMPACT
                       TABLE 159 MIDDLE EAST & AFRICA: ENTERPRISE ASSET MANAGEMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                       TABLE 160 MIDDLE EAST & AFRICA: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                       TABLE 161 MIDDLE EAST & AFRICA: MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                       TABLE 162 MIDDLE EAST & AFRICA: MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                       TABLE 163 MIDDLE EAST & AFRICA: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                       TABLE 164 MIDDLE EAST & AFRICA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 165 MIDDLE EAST & AFRICA: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD MILLION)
                       TABLE 166 MIDDLE EAST & AFRICA: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION)
                       TABLE 167 MIDDLE EAST & AFRICA: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD MILLION)
                       TABLE 168 MIDDLE EAST & AFRICA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
                       TABLE 169 MIDDLE EAST & AFRICA: MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
                       TABLE 170 MIDDLE EAST & AFRICA: MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
                       TABLE 171 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY/REGION, 2018–2022 (USD MILLION)
                       TABLE 172 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY/REGION, 2023–2028 (USD MILLION)
             11.5.3 GCC
                       11.5.3.1 Increase in technological adoption with integrated AI and IoT
                                   TABLE 173 GCC: ENTERPRISE ASSET MANAGEMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                                   TABLE 174 GCC: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                       11.5.3.2 Saudi Arabia
                                   TABLE 175 SAUDI ARABIA: MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                                   TABLE 176 SAUDI ARABIA: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 177 SAUDI ARABIA: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD MILLION)
                                   TABLE 178 SAUDI ARABIA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
                       11.5.3.3 UAE
                                   TABLE 179 UAE: ENTERPRISE ASSET MANAGEMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                                   TABLE 180 UAE: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 181 UAE: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD MILLION)
                                   TABLE 182 UAE: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
                       11.5.3.4 Rest of GCC
                                   TABLE 183 REST OF GCC: MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                                   TABLE 184 REST OF GCC: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 185 REST OF GCC: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD MILLION)
                                   TABLE 186 REST OF GCC: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
             11.5.4 SOUTH AFRICA
                       11.5.4.1 Growing adoption of cloud services, especially in banking and IT
                                   TABLE 187 SOUTH AFRICA: MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                                   TABLE 188 SOUTH AFRICA: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 189 SOUTH AFRICA: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD MILLION)
                                   TABLE 190 SOUTH AFRICA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
             11.5.5 REST OF MIDDLE EAST & AFRICA
                       TABLE 191 REST OF MIDDLE EAST & AFRICA: MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                       TABLE 192 REST OF MIDDLE EAST & AFRICA: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                       TABLE 193 REST OF MIDDLE EAST & AFRICA: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD MILLION)
                       TABLE 194 REST OF MIDDLE EAST & AFRICA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
     11.6 LATIN AMERICA 
             11.6.1 LATIN AMERICA: MARKET DRIVERS
             11.6.2 LATIN AMERICA: RECESSION IMPACT
                       TABLE 195 LATIN AMERICA: ENTERPRISE ASSET MANAGEMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                       TABLE 196 LATIN AMERICA: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                       TABLE 197 LATIN AMERICA: MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                       TABLE 198 LATIN AMERICA: MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                       TABLE 199 LATIN AMERICA: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                       TABLE 200 LATIN AMERICA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 201 LATIN AMERICA: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD MILLION)
                       TABLE 202 LATIN AMERICA: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION)
                       TABLE 203 LATIN AMERICA: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD MILLION)
                       TABLE 204 LATIN AMERICA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
                       TABLE 205 LATIN AMERICA: MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
                       TABLE 206 LATIN AMERICA: MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
                       TABLE 207 LATIN AMERICA: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                       TABLE 208 LATIN AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             11.6.3 BRAZIL
                       11.6.3.1 Government initiatives to enhance trust in digital environment by strengthening digital security and consumer protection
                                   TABLE 209 BRAZIL: ENTERPRISE ASSET MANAGEMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                                   TABLE 210 BRAZIL: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 211 BRAZIL: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD MILLION)
                                   TABLE 212 BRAZIL: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
             11.6.4 MEXICO
                       11.6.4.1 Availability of technical expertise, high IoT adoption, and proximity to US
                                   TABLE 213 MEXICO: MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                                   TABLE 214 MEXICO: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 215 MEXICO: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD MILLION)
                                   TABLE 216 MEXICO: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
             11.6.5 REST OF LATIN AMERICA
                       TABLE 217 REST OF LATIN AMERICA: MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                       TABLE 218 REST OF LATIN AMERICA: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                       TABLE 219 REST OF LATIN AMERICA: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD MILLION)
                       TABLE 220 REST OF LATIN AMERICA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
 
12 COMPETITIVE LANDSCAPE (Page No. - 188)
     12.1 OVERVIEW 
     12.2 KEY PLAYERS STRATEGIES/RIGHT TO WIN 
               TABLE 221 OVERVIEW OF STRATEGIES ADOPTED BY KEY ENTERPRISE ASSET MANAGEMENT VENDORS
     12.3 REVENUE ANALYSIS 
               FIGURE 46 REVENUE ANALYSIS OF KEY PLAYERS IN PAST FIVE YEARS (USD BILLION)
     12.4 ENTERPRISE ASSET MANAGEMENT MARKET SHARE ANALYSIS 
               FIGURE 47 SHARE OF LEADING COMPANIES IN MARKET, 2022
               TABLE 222 MARKET: DEGREE OF COMPETITION
     12.5 PRODUCT/BRAND COMPARISON 
               FIGURE 48 VENDOR PRODUCTS/BRANDS COMPARISON
     12.6 GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS 
               FIGURE 49 ENTERPRISE ASSET MANAGEMENT MARKET: GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS, 2023
     12.7 KEY COMPANY EVALUATION MATRIX 
               FIGURE 50 COMPANY EVALUATION MATRIX FOR KEY PLAYERS: CRITERIA WEIGHTAGE
             12.7.1 STARS
             12.7.2 EMERGING LEADERS
             12.7.3 PERVASIVE PLAYERS
             12.7.4 PARTICIPANTS
                       FIGURE 51 MARKET: COMPANY EVALUATION MATRIX, 2022
             12.7.5 KEY COMPANY FOOTPRINT
                       TABLE 223 OVERALL KEY COMPANY FOOTPRINT
                       TABLE 224 KEY COMPANY FOOTPRINT, BY REGION
                       TABLE 225 KEY COMPANY FOOTPRINT, BY VERTICAL
                       TABLE 226 KEY COMPANY FOOTPRINT, BY OFFERING
     12.8 STARTUP/SME EVALUATION MATRIX 
               FIGURE 52 STARTUP/SME EVALUATION MATRIX: CRITERIA WEIGHTAGE
               FIGURE 53 MARKET: STARTUP/SME EVALUATION MATRIX, 2022
             12.8.1 PROGRESSIVE COMPANIES
             12.8.2 RESPONSIVE VENDORS
             12.8.3 DYNAMIC COMPANIES
             12.8.4 STARTING BLOCKS
             12.8.5 STARTUPS/SMES FOOTPRINT
                       TABLE 227 OVERALL STARTUP/SME FOOTPRINT
                       TABLE 228 STARTUP/SME FOOTPRINT, BY REGION
                       TABLE 229 STARTUP/SME FOOTPRINT, BY VERTICAL
                       TABLE 230 STARTUP/SME FOOTPRINT, BY OFFERING
             12.8.6 COMPETITIVE BENCHMARKING
                       TABLE 231 ENTERPRISE ASSET MANAGEMENT MARKET: DETAILED LIST OF KEY STARTUPS/SMES
     12.9 COMPANY FINANCIAL METRICS 
               FIGURE 54 VALUATION AND FINANCIAL METRICS
     12.10 KEY MARKET DEVELOPMENTS 
               12.10.1 PRODUCT LAUNCHES & ENHANCEMENTS
                       TABLE 232 MARKET: PRODUCT LAUNCHES & ENHANCEMENTS
               12.10.2 DEALS
                       TABLE 233 MARKET: DEALS
 
13 COMPANY PROFILES (Page No. - 209)
     13.1 INTRODUCTION 
     13.2 KEY PLAYERS 
(Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)*
             13.2.1 IBM
                       TABLE 234 IBM: COMPANY OVERVIEW
                       FIGURE 55 IBM: COMPANY SNAPSHOT
                       TABLE 235 IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 236 IBM: DEALS
             13.2.2 SAP
                       TABLE 237 SAP: COMPANY OVERVIEW
                       FIGURE 56 SAP: COMPANY SNAPSHOT
                       TABLE 238 SAP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.2.3 ORACLE
                       TABLE 239 ORACLE: COMPANY OVERVIEW
                       FIGURE 57 ORACLE: COMPANY SNAPSHOT
                       TABLE 240 ORACLE: SERVICES OFFERED
                       TABLE 241 ORACLE: PRODUCT LAUNCHES AND ENHANCEMENTS
             13.2.4 HEXAGON
                       TABLE 242 HEXAGON: COMPANY OVERVIEW
                       FIGURE 58 HEXAGON: COMPANY SNAPSHOT
                       TABLE 243 HEXAGON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 244 HEXAGON: PRODUCT LAUNCHES AND ENHANCEMENTS
                       TABLE 245 HEXAGON: DEALS
                       TABLE 246 HEXAGON: OTHERS
             13.2.5 IFS
                       TABLE 247 IFS: COMPANY OVERVIEW
                       TABLE 248 IFS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 249 IFS: PRODUCT LAUNCHES AND ENHANCEMENTS
                       TABLE 250 IFS: DEALS
             13.2.6 HITACHI ENERGY
                       TABLE 251 HITACHI ENERGY: COMPANY OVERVIEW
                       TABLE 252 HITACHI ENERGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 253 HITACHI ENERGY: PRODUCT LAUNCHES AND ENHANCEMENTS
                       TABLE 254 HITACHI ENERGY: DEALS
             13.2.7 IPS INTELLIGENT PROCESS SOLUTIONS
                       TABLE 255 IPS INTELLIGENT PROCESS SOLUTIONS: COMPANY OVERVIEW
                       TABLE 256 IPS INTELLIGENT PROCESS SOLUTIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.2.8 ACCRUENT
                       TABLE 257 ACCRUENT: COMPANY OVERVIEW
                       TABLE 258 ACCRUENT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 259 ACCRUENT: PRODUCT LAUNCHES AND ENHANCEMENTS
                       TABLE 260 ACCRUENT: DEALS
             13.2.9 AVEVA
                       TABLE 261 AVEVA: COMPANY OVERVIEW
                       FIGURE 59 AVEVA: COMPANY SNAPSHOT
                       TABLE 262 AVEVA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 263 AVEVA: DEALS
             13.2.10 APTEAN
                       TABLE 264 APTEAN: COMPANY OVERVIEW
                       TABLE 265 APTEAN: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 266 APTEAN: PRODUCT LAUNCHES AND ENHANCEMENTS
             13.2.11 EMAINT
             13.2.12 CGI
             13.2.13 UPKEEP
             13.2.14 RFGEN SOFTWARE
             13.2.15 ASSETWORKS
             13.2.16 RAMCO SYSTEMS
     13.3 STARTUPS/SMES 
             13.3.1 ASSET PANDA
             13.3.2 EZOFFICEINVENTORY
             13.3.3 PAZO
             13.3.4 EZMAINTAIN
             13.3.5 INNOMAINT
             13.3.6 ASSET INFINITY
             13.3.7 FRACTTAL
             13.3.8 KLOUDGIN
             13.3.9 LIMBLE CMMS
             13.3.10 FIIX
             13.3.11 CHEQROOM
             13.3.12 THE ASSET GUARDIAN
             13.3.13 FLEETIO
             13.3.14 GOCODES
             13.3.15 REDLIST
             13.3.16 ALADDIN
*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies.
 
14 ADJACENT MARKETS (Page No. - 244)
     14.1 INTRODUCTION 
               TABLE 267 RELATED MARKETS
     14.2 ASSET PERFORMANCE MANAGEMENT MARKET 
               TABLE 268 ASSET PERFORMANCE MANAGEMENT MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
               TABLE 269 ASSET PERFORMANCE MANAGEMENT MARKET, BY COMPONENT 2023–2028 (USD MILLION)
               TABLE 270 ASSET PERFORMANCE MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION)
               TABLE 271 ASSET PERFORMANCE MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
               TABLE 272 ASSET PERFORMANCE MANAGEMENT MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION)
               TABLE 273 ASSET PERFORMANCE MANAGEMENT MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION)
               TABLE 274 ASSET PERFORMANCE MANAGEMENT MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
               TABLE 275 ASSET PERFORMANCE MANAGEMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
               TABLE 276 ASSET PERFORMANCE MANAGEMENT MARKET, BY REGION, 2019–2022 (USD MILLION)
               TABLE 277 ASSET PERFORMANCE MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
     14.3 REMOTE ASSET MANAGEMENT MARKET 
               TABLE 278 REMOTE ASSET MANAGEMENT MARKET, BY ASSET TYPE, 2018–2025 (USD MILLION)
               TABLE 279 REMOTE ASSET MANAGEMENT MARKET, BY DEPLOYMENT MODE, 2018–2025 (USD MILLION)
               TABLE 280 REMOTE ASSET MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
               TABLE 281 REMOTE ASSET MANAGEMENT MARKET, BY VERTICAL, 2018–2025 (USD MILLION)
               TABLE 282 REMOTE ASSET MANAGEMENT MARKET, BY REGION, 2018–2025 (USD MILLION)
 
15 APPENDIX (Page No. - 250)
     15.1 DISCUSSION GUIDE 
     15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     15.3 CUSTOMIZATION OPTIONS 
     15.4 RELATED REPORTS 
     15.5 AUTHOR DETAILS 

The study involved four major activities in estimating the enterprise asset management market. We performed extensive secondary research to collect information on the market, the competitive market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, we used the market breakup and data triangulation procedures to estimate the market size of the various segments in the enterprise asset management market.

Secondary Research

This research study used extensive secondary sources, directories, and databases, such as D&B Hoovers, DiscoverOrg, Factiva, vendor data sheets, product demos, Cloud Computing Association (CCA), Vendor Surveys, Asia Cloud Computing Association, and The Software Alliance. We used these sources to identify and collect valuable information for this technical, market-oriented, and commercial enterprise asset management market.

Primary Research

Primary sources were several industry experts from the core and related industries, preferred software providers, hardware manufacturers, distributors, service providers, technology developers, alliances, and organizations related to all segments of the industry's value chain. In-depth interviews were conducted with primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, to obtain and verify critical qualitative and quantitative information and assess the market's prospects.

We conducted primary interviews to gather insights, such as market statistics, the latest trends disrupting the market, new use cases implemented, data on revenue collected from products and services, market breakups, market size estimations, market forecasts, and data triangulation. Primary research also helped understand various technology trends, segmentation types, industry trends, and regions. Demand-side stakeholders, such as Chief Information Officers (CIOs), Chief Technology Officers (CTOs), and Chief Security Officers (CSOs); the installation teams of governments/end users using enterprise asset management solutions & services; and digital initiatives project teams, were interviewed to understand the buyer's perspective on suppliers, products, service providers, and their current use of services, which would affect the overall enterprise asset management market.

Enterprise Asset Management Market Size, and Share

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

Market Size Estimation

We used top-down and bottom-up approaches to estimate and forecast the enterprise asset management market and other dependent submarkets. We deployed a bottom-up procedure to arrive at the overall market size using the revenues and offerings of key companies in the market. With data triangulation methods and validation through primary interviews, this study determined and confirmed the exact value of the overall parent market size. We used the overall market size in the top-down procedure to estimate the size of other individual markets via percentage splits of the market segments.

We used top-down and bottom-up approaches to estimate and validate the enterprise asset management market and other dependent subsegments.

The research methodology used to estimate the market size included the following details:

  • We identified key players in the market through secondary research. We then determined their revenue contributions in the respective countries through primary and secondary research.
  • This procedure included studying top market players' annual and financial reports and extensive interviews for key insights from industry leaders, such as Chief Executive Officers (CEOs), VPs, directors, and marketing executives.
  • All percentage splits and breakups were determined using secondary sources and verified through primary sources.

All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data is consolidated and added with detailed inputs and analysis from MarketsandMarkets.

Enterprise asset management market: Top-down and Bottom-up approaches

Enterprise Asset Management Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size, the market was split into several segments and subsegments—using the market size estimation processes as explained above. Where applicable, data triangulation and market breakup procedures were employed to complete the overall market engineering process and determine the exact statistics of each market segment and subsegment. The data was triangulated by studying several factors and trends from both the demand and supply sides in the enterprise asset management market.

Market Definition

Enterprise Asset Management refers to the combination of software, systems, and services used by enterprises to manage the life cycle of physical assets and equipment to maximize their lifetime, reduce costs, improve quality and efficiency, and maintain the health of assets and environmental safety. It mainly offers functionalities, such as planning, organizing, and implementing maintenance activities carried out by employees of organizations or third-party entities. Enterprise Asset Management applications include asset lifecycle management, inventory management, work order management, labor management, predictive maintenance, facility management, reporting & analytics, Computerized Maintenance Management System (CMMS), and Field Service Management (FSM).

Key Stakeholders

  • Technology Service Providers
  • Cloud Service Providers (CSPs)
  • Colocation Providers
  • Government Organizations
  • Networking Companies
  • Consultants/Consultancies/Advisory Firms
  • Support and Maintenance Service Providers
  • Telecom Service Providers
  • Information Technology (IT) Infrastructure Providers
  • System Integrators (SIS)
  • Regional Associations
  • Independent Software Vendors (ISVS)
  • Value-added Resellers and Distributors

Report Objectives

  • To define, describe, and forecast the enterprise asset management market based on offerings, applications, deployment models, organization sizes,  industry verticals, and regions
  • To forecast the market size of the five major regional segments: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
  • To strategically analyze the market subsegments concerning individual growth trends, prospects, and contributions to the total market
  • To provide detailed information related to the significant factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze the macro and micromarkets1 concerning growth trends, prospects, and their contributions to the overall market
  • To analyze the industry trends, patents and innovations, and pricing data related to the enterprise asset management market.
  • To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for major players.
  • To profile the key players in the market and comprehensively analyze their market share/ranking and core competencies across segments and subsegments.
  • To track and analyze the competitive developments, such as mergers and acquisitions, product developments, and partnerships and collaborations in the market.

Available Customizations

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

Product Analysis

  • The product matrix provides a detailed comparison of the product portfolio of each company.

Geographic Analysis

  • Further breakup of the Asia Pacific market into countries contributing 75% to the regional market size
  • Further breakup of the North American market into countries contributing 75% to the regional market size
  • Further breakup of the Latin American market into countries contributing 75% to the regional market size
  • Further breakup of the Middle Eastern & African market into countries contributing 75% to the regional market size
  • Further breakup of the European market into countries contributing 75% to the regional market size

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
TC 3454
Published ON
Jan, 2024
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