Enterprise Asset Management Companies

The global enterprise asset management (EAM) market is expanding rapidly, with a projected market size anticipated to rise from about USD 5.87 billion in 2025 to USD 9.02 billion by 2030, featuring a CAGR of 9.0%. The increase in remote asset management in distributed and critical infrastructures is expected to drive the growth of the EAM market. With utilities, oil & gas, and transportation industries operating assets across geographically dispersed locations, organizations require centralized platforms to monitor and manage equipment remotely.

EAM solutions, integrated with IoT and cloud technologies, allow real-time visibility, remote diagnostics, and proactive maintenance of assets without requiring on-site staff. The shift toward decentralized operations, workforce mobility, and the need for business continuity are accelerating demand for remote asset management capabilities, positioning EAM solutions to enable efficiency and resilience in highly distributed operational environments.

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Key players in the enterprise asset management market include IBM (US), IFS (Sweden), SAP (Germany), Oracle (US), Hexagon (US), Trimble (US), Aptean (US), ServiceNow (US), Hitachi Energy (Switzerland), and Ramco (India). These players utilize various strategies to enhance their market dominance, including partnerships, contracts, mergers and acquisitions, and the introduction of new products.

In June 2025, Hexagon’s Asset Lifecycle Intelligence division announced a strategic partnership with Prevas to expand digital asset management across Denmark, Finland, Norway, and Sweden. Prevas will establish an exclusive practice for HxGN EAM and HxGN APM, strengthening its role as a leading Hexagon partner in the Nordics.

In June 2025, IBM (US) enhanced its Maximo Application Suite (MAS) 9.1, introducing significant upgrades in asset lifecycle management. The release included the Maximo Assistant, a generative AI tool powered by watsonx.ai, which enables natural language interaction with asset data for faster issue resolution and improved workforce productivity. Additionally, the update introduced Asset Investment Planning (AIP) for scenario-based capital planning and extended capabilities into real estate and facilities management. These enhancements provide tools for space optimization, facility assessments, lease administration, and integrated capital planning, consolidating functions into a single unified platform.

IBM

IBM is a global technology and consulting company that provides a range of software, hardware, and services to organizations across various industries, including manufacturing, energy, transportation, healthcare, and government. Operating in over 170 countries, IBM offers solutions in cloud computing, artificial intelligence (AI), data analytics, and the Internet of Things (IoT), along with consulting services that support strategy, implementation, and managed operations.

In the EAM sector, IBM provides the Maximo Application Suite, a platform for managing the complete lifecycle of physical assets. The suite integrates AI, IoT, and analytics to support predictive maintenance, asset performance monitoring, and risk management. It enables organizations to track and manage asset conditions, schedule maintenance activities, and analyze operational data for decision-making. IBM’s EAM solutions maintain compliance, manage costs, and monitor asset performance across multiple industries, providing a structured approach to enterprise asset management and operational oversight.

IFS

IFS is a global enterprise software company that develops solutions for enterprise resource planning (ERP), enterprise asset management (EAM), and service management across manufacturing, energy, utilities, aerospace, defense, and construction industries. Headquartered in Sweden, IFS operates in over 50 countries and provides software supporting business processes including finance, human resources, supply chain, project management, and field service operations. Its offerings combine cloud, on-premises, and hybrid deployment options, enabling organizations to manage operations at scale and adapt to changing business requirements.

In the Enterprise Asset Management domain, IFS offers IFS Applications, a suite designed to manage the full lifecycle of physical assets. The solution provides asset tracking, maintenance scheduling, condition monitoring, and performance analysis. By integrating IoT, analytics, and mobile technologies, IFS EAM enables organizations to plan and execute maintenance activities, optimize asset utilization, and ensure regulatory compliance. Its platform supports decision-making through data-driven insights, helping organizations manage operational risks, control costs, and monitor asset performance across multiple locations and industries.

Market Ranking

The enterprise asset management market is competitive, with IBM, IFS, SAP, Oracle, and Hexagon collectively accounting for approximately 40–45% of the total market share. With its Maximo Application Suite, IBM leads the EAM market, integrating AI, IoT, and analytics to provide predictive maintenance, asset performance monitoring, and risk management across manufacturing, energy, and transportation industries. IFS is recognized for its strong position in asset management, offering solutions that optimize asset operations, maintenance, and performance while leveraging AI and mobile technologies.

SAP holds a significant presence with its EAM capabilities embedded within its broader enterprise suite, emphasizing asset tracking, maintenance planning, regulatory compliance, and system integration. Oracle provides comprehensive EAM solutions that utilize AI and IoT for predictive and preventive maintenance, work order management, and real-time asset insights to support operational performance. Hexagon is noted for its HxGN EAM platform, offering tools for asset lifecycle management, work order scheduling, and inventory control to enhance efficiency and compliance. These vendors continue to expand AI, analytics, and integration capabilities to meet evolving enterprise asset management requirements.

Related Reports:

Enterprise Asset Management Market by Asset Class (Linear Assets, Production Equipment, Fleet & Mobile Assets, Fixed Assets), Application (Asset Lifecycle Management, Operations, Maintenance, Compliance & Safety, Reporting & Analytics) - Global Forecast to 2030

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