Press release
Recent Analysis Report On Enterprise Asset Management (EAM) Market During 2022-2028
Global Enterprise Asset Management (EAM) Market was valued at USD 4.42 billion in 2021 and is expected to reach USD 8.83 billion by the year 2028, at a CAGR of 10.4%.
Enterprise asset management (EAM) refers to a set of tools, software, and practices including Enterprise asset management (EAM) software, that enables organizations to conduct productive facility management. Furthermore, organizations can productively maintain, control, and analyze their physical assets and infrastructure while all phases of the asset lifecycle, including maintenance, acquisition, and disposal with the help of the comprehensive Enterprise asset management (EAM) process. This wide-range suite of capabilities offers asset managers full transparency into the present and historical state of assets so they can improve asset quality and utilization, enhance uptime, overcome operational costs, and ultimately rise revenue and Rate of Interest.
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Market Dynamics:
Driver:
The worldwide enterprise asset management market is anticipated to increase during the forecast period as enterprises invest more money in enterprise asset management software. EAM software is used by a variety of governmental and corporate entities throughout the world to increase productivity and cut costs. For instance, Auckland Transport (AT) contracted with Infor, Inc., a U.S.-based business software provider, in August 2019 to manage its assets going forward.
Opportunities:
Businesses have also suffered significant losses as a result of lockdowns implemented to contain the outbreak. A number of top EAM players see this crisis as a chance to restructure and review their current strategies and cutting-edge product portfolio. In order to increase productivity, manage assets, machinery, structures, IT, and other project resources, EAM solutions and services are being used. During this epidemic, a number of firms have begun implementing cloud-based EAM solutions and incorporating predictive analytics into EAM solutions. Additionally, the introduction of the cloud deployment paradigm and the integration of big data with EAM are likely to open up new economic prospects.
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Market coverage
•Available market numbers - 2022-2028
•Base Year - 2021
•Forecast Period - 2022-2028
•Segments covered - By Component, By Deployment Type, By End Users, By Enterprise Size.
•Competitive Landscape - ABB (Switzerland),CGI Inc. (Canada),Dude Solutions Inc. (US),eMaint Enterprises LLC (US)
Market Segmentation
By Component
• Solutions
• Services
By Deployment Type
• Cloud-Based
• On-Premise
By Enterprise Size
• Large Enterprises
• SMEs
By End Users
• Energy & Utilities
• Chemicals
• Petroleum & Mining
• Manufacturing
• Others
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By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
• Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of South America)
Major Key Players Considered in the Market
• ABB (Switzerland)
• CGI Inc. (Canada)
• Dude Solutions Inc. (US)
• eMaint Enterprises LLC (US)
• IBM Corporation (US)
• IFS AB (Sweden)
• Infor (US)
• Oracle Corporation (US)
• Ramco Systems Ltd. (Chennai)
• SAP SE (Germany)
• Schneider Electric SA (France)
• IPS (Germany)
• Accruent (US)
• AVEVA Group plc (UK)
• Aptean (US)
• Professional Datasolutions Inc (US)
• AssetWorks LLC (US)
• Ultimo Software Solutions Inc (US)
• EZOfficeInventory (US)
• AssetInfinity (India)
• InnoMaint Software (India)
• Aladinme (UAE)
• Limble (US)
• Redlist (US)
• TrackX (US)
• Cheqroom (Belgium)
• The Asset Guardian (Canada)
• GoCodes (US)
• Fleetio (US)
• Upkeep Maintenance Management (US) and other major players.
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Key Industry Developments In Enterprise Asset Management (EAM) Market
In October 2021, IBM revealed plans to purchase the Adobe Workfront consulting unit and assets from Rego Consulting Corporation to further enhance its hybrid cloud and AI strategy. Building on IBM's strategic partnership with Adobe, the consultancy has expertise in work management software consulting for enterprise clients.
In October 2021, Hexagon AB, a global leading company in digital reality solutions, declared the completion of the previously publicized acquisition of Infor's global EAM business and has rectified an issue in kind of consideration shares. Completion of the agreement was subject to regulatory approvals and other customary closing conditions, which have now been obtained. The superior, SaaS-based asset management solution, Infor EAM, is utilized to track assets, digitalize maintenance operations and enable customers in nearly any industry to reach optimum operational efficiency.
Table OF Content
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Component
3.2 By Deployment Type
3.3 By Enterprise Size
3.4 By End Users
Chapter 4: Market Landscape
Chapter 5: Enterprise Asset Management (EAM) Market by Component
To Be Continued……
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Read Related Report: -
https://introspectivemarketresearch.com/reports/predictive-maintenance-market/
https://introspectivemarketresearch.com/reports/time-tracking-software-market/
https://introspectivemarketresearch.com/reports/collaborative-product-definition-management-cpdm-market/
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Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the market. Our team at IMR is ready to assist our clients flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, specialized in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.
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