Global Enterprise Asset Management Market Rising Exponentially at 10.50% in the Forecast Period of 2020 to 2027

Enterprise Asset Management Market is expected to rise at annual rate of 10.50% in the forecast period of 2020 to 2027 and is anticipated to reach USD 11.33 billion by 2027, due to accelerating necessitate improving the lifecycle performance of assets, which is driving the market growth.

The big data amalgamation along with appearance of highly developed technology will cater various new opportunities for the market to grow in the above mentioned forecast period.

Enterprise Asset Management Market Scenario

According to Data Bridge Market Research the market for enterprise asset management is accelerating owing to expanding IT infrastructure worldwide along with the implementation of cloud based deployment model. Some of the factors will act as restraints and may hinder the market growth such as, dearth of safety services along with high price of software and lack of awareness in developing economies.

Now the question is which are the other regions that enterprise asset management market is targeting? Data Bridge Market Research has forecasted a large growth in the forecast period of 2020-2027 due to the approval of advanced technologies in different applications.  On the contrary, North America is seen to dominate the enterprise asset management market due to the rising number of research and development activities along with increasing investment for the implementation of advanced technologies.

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Enterprise Asset Management Market Development

  • In April 2019, IBM has collaborated with Sund & Bælt to devise and expand an AI-powered IoT solution. This collaboration will help to expand the IBM Maximo portfolio in the market.

Enterprise Asset Management Market Scope

Enterprise asset management market is segmented on the basis of countries into U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

  • All country based analysis of enterprise asset management market is further analyzed based on maximum granularity into further segmentation. Enterprise asset management market on the basis of component has been segmented as solution, and services. Based on organisation size, enterprise asset management market has been segmented into small and medium-sized enterprises, large enterprises.  On the basis of deployment mode, enterprise asset management market has been segmented into cloud and on-premise. On the basis of application, enterprise asset management market has been segmented into assets MRO, non linear assets, linear assets, and field service management. Enterprise asset management has also been segmented on the basis of vertical into IT and telecom, healthcare and life sciences, manufacturing, transportation and logistics, government and defence, energy and utilities, and others. 
  • Enterprise Asset Management offers immediate information and visibility in approximately all physical assets, and crosswise the maintenance, repair, and overhaul supply chain network. For grouping the asset lifecycle and to better address business fundamentals, asset intensive organizations need enhanced, control, visibility and mechanization in the business and assets management.

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Key Pointers Covered in the Enterprise Asset Management Market Industry Trends and Forecast to 2027

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Cost of Care Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the Report

  • oracle
  • IFS, Infor
  • IBM Corporation
  • SAP SE
  • ABB
  • IPS
  • AVEVA Group plc
  • Aptean
  • eMaint
  • CGI Inc
  • UpKeep Maintenance Management
  • RFgen Software
  • AssetWorks, LLC
  • Ultimo Software Solutions
  • Schneider Electric

Above are the key players covered in the report, to know about more and exhaustive list of enterprise asset management companies’ contact us

Research Methodology of Enterprise Asset Management Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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