Enterprise Asset Management Market

International Business Machines (IBM) Corporation (US) and Schneider Electric SA (France) are the Key Players in the Enterprise Asset Management Market

Various industries, such as government, oil and gas, manufacturing, healthcare, transportation and logistics, energy and utilities, and others (retail, and metal and mining), would act as the main drivers for the growth of the Enterprise Asset Management (EAM) market. However, the energy and utilities industry is expected to have an exponential growth in the market. MarketsandMarkets forecasts the EAM market size to grow from USD 3.44 Billion in 2017 to USD 6.05 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 11.9%.

There are several renowned vendors in this market, such as ABB Ltd. (Switzerland), CGI Group Inc. (US), Dude Solutions, Inc. (US), eMaint (US), International Business Machines (IBM) Corporation (US), IFS AB (Sweden), Infor (US) Oracle Corporation (US), Ramco Systems (India), SAP SE (Germany), Schneider Electric SA (France), and Vesta Partners, LLC (US). These players have adopted various strategies, such as partnerships, collaborations, agreements, mergers and acquisitions, and new product developments to achieve growth in the EAM market.

IBM Corporation is one of the major providers of EAM software in the EAM market. The company has adopted inorganic growth strategies, such as partnerships and acquisitions. For instance, in June 2016, IBM acquired EZSource, a leader in enterprise applications. The acquisition helped IBM clients increase the speed of business processes and reduce enterprise risks. In October 2014, IBM partnered with Tencent Cloud to deliver industry-specific and business process Software as a Service (SaaS) solutions, including EAM and smart office automation.

Schneider Electric SA is among the leading players in the EAM market. The company has adopted the inorganic growth strategy of partnerships and acquisitions with the global players. For instance, in October 2016, Schneider Electric partnered with Panasonic, a leader in the development of diverse electronics technologies and solutions. The partnership would enable the companies to optimize installation pricing and building efficiency during integration in commercial buildings. In January 2014, Schneider Electric acquired Invensys to strengthen its integration and automation portfolio

Related Reports:

Enterprise Asset Management Market by Component (Software and Services), Deployment Type (On-Premises and Cloud), Organization Size (SMES and Large Enterprises), Industry, and Region - Global Forecast to 2022

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Report Code
TC 3454
Published ON
Jun, 2017
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