What is the global market size of Enterprise Asset Management Systems Market?

Global Enterprise Asset Management Systems Market was valued at USD 3.36 billion in 2021, and it is expected to attain a value of USD 4.85 billion by 2028 with a CAGR of 7.1% over the forecast period (2022-2028). Read More

Enterprise Asset Management Systems Market Size, Share, Growth Analysis, By Component(Solution, Services), By Application(Asset Lifecycle Management, Inventory Management, Work Order Management, Labor Management), By Deployment Model(On-premises, Cloud), By Organization Size(SMEs and Large Enterprises), By Vertical(Energy and Utilities, Government and Public Sector, Manufacturing, Transportation and Logistics), By Region - Industry Forecast 2024-2031

Report ID: SQSG45E2042 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 149 | Figures: 78

Enterprise Asset Management Systems Market News

In August 2022, Additude, based in Sweden, announced that Ultimo, a vendor of enterprise asset management (EAM) software, has expanded its offering in the Nordics through a partnership with industrial solution provider Additude.
In February 2021, a pioneer in no-code development, AppGyver, was acquired by SAP, according to a statement. Due to the merger, SAP has the capacity to help clients and partners quickly adapt their IT solutions to meet their specific needs and improve the usability of their applications.

Enterprise Asset Management Systems Market Report Snapshots

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Enterprise Asset Management Systems Market size was valued at USD 3.8 billion in 2019 and is poised to grow from USD 4.2 billion in 2023 to USD 10.31 billion by 2031, growing at a CAGR of 10.5% in the forecast period (2024-2031).

The most recent industry trend includes enterprise asset management solutions that also take into account a number of other significant factors, such as energy usage, lifecycle costs, maintenance histories, warranty catalogs, purchase orders, audit records, and others. This is in addition to providing access to organizational asset information to every department and employee at every location. 'SAP SE', 'IBM Corporation', 'Oracle', 'Infor, Inc.', 'ABB Ltd.', 'Schneider Electric SE', 'AssetWorks LLC', 'CGI Inc.', 'eMaint Enterprises LLC', 'IFS AB', 'JLL', 'MRI Software LLC', 'Maintenance Connection, Inc.', 'RAM Software Systems, Inc.', 'AVEVA Group plc', 'Dude Solutions, Inc.', 'FasTrak SoftWorks, Inc.', 'Nuvolo Technologies Corporation', 'UpKeep Maintenance Management', 'Ultimo Software Solutions BV'

Numerous businesses all around the world are using EAM systems to raise business agility, increase job efficiency, and manage facilities. In order to optimize crucial corporate assets and obtain business data for decision-making, cloud-based enterprise asset management software and services are also used. Additionally, these technologies enable firms to reduce overhead costs.

Many businesses all over the world are implementing EAM systems to increase productivity, streamline tasks, foster corporate agility, and manage facilities. Additionally, crucial company assets are optimized and business intelligence is obtained for decision-making using cloud-based EAM solutions and services. Additionally, these solutions help businesses lower their overhead expenses. Better technical assistance and services, such as managed services with integrated debugging and performance monitoring tools, are provided by cloud-based EAM systems. The acquisition of DIN Solutions by Aptean will enable it to offer enterprise management software to food and beverage businesses around the world. Aptean is a provider of mission-critical enterprise software solutions.

According to estimates, North America will dominate the market for enterprise asset management systems, followed by Asia-Pacific, Europe, Latin America, the Middle East, and Africa. The significant market share of this region is primarily attributable to the region's concentration of major EAM players as well as several emerging start-ups, early adoption of cutting-edge technologies and government investments in these fields, presence of a highly developed IT infrastructure, proliferation of cloud-based solutions, and growing emphasis on regulatory and compliance compliance among organizations.

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Enterprise Asset Management Systems Market News

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