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Global Enterprise Asset Management Market Share, Size, Analysis, Trends, Report, Growth, Forecast: By Deployment: Cloud, On-Premise; By Enterprise Size: Large Enterprises, Small and Medium Enterprises (SMEs); By End-Use: Manufacturing, Facility Management, Healthcare, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Enterprise Asset Management Market Outlook
The global enterprise asset management market size attained a value of USD 5.10 billion in 2023. The market is further expected to grow at a CAGR of 11.90% between 2024 and 2032, to reach a value of USD 13.96 billion by 2032.
Key Trends in the Market
Enterprise asset management or EAM refers to the technological methods of optimising an organisation’s asset management, while boosting operational efficiency. Enterprise asset management directs the lifecycle of valuable and complex assets of an enterprise to maintain, optimise, and control the overall quality of the assets. EAM systems include software, hardware, and services to cater to the asset management needs of an organisation.
- As per the enterprise asset management market analysis, digitalisation across various sectors is triggering the growth of enterprise asset management market forecast. Enterprise asset management has been gaining traction in sectors such as healthcare, government, and manufacturing, among others as larger operations are carried out.
- Increasing demand for enterprise asset management solutions in food processing sector, to optimise asset utilisation, enhance the production yield, and monitor asset performance, is adding to the enterprise asset management market value. In addition, the increasing demand for premium packaged food products is fuelling the market numbers.
- Collaborations between tech giants, aimed towards transforming businesses and enhancing technological capabilities are leading to a development of innovative enterprise asset management solutions. The enterprise asset management market report also suggests that development and emergence of advanced technologies such as IoT sensors, artificial intelligence (AI), and computerised maintenance asset management, among others, are key enterprise asset management market trends.
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Market Analysis
Based on deployment, the market is bifurcated into cloud and on-premise. On the basis of enterprise size, the market is classified into large enterprises and small and medium enterprises (SMEs). By end-use, the market is segmented into manufacturing, facility management, healthcare, education, and government, among others. The regional markets for enterprise asset management are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global enterprise asset management market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- ABB Ltd
- CGI Inc.
- eMaint Enterprises, LLC.
- IBM Corporation
- IFS AB
- Hexagon AB
- Oracle Corporation
- Ramco Systems Limited
- SAP SE
- UpKeep Technologies, Inc.
- Others
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Market Share by Deployment
The cloud segment, based on deployment, accounts for a healthy portion of the enterprise asset management market share. The assets of an organisation can be easily tracked using a cloud-based EAM software which can help a company maintain the record of its assets, liabilities, and investments in real-time with access support for any location. EAM cloud deployments reduce asset management costs, can set accurate budgets much faster than traditional manual documentation, and can track asset management activities 24X7. Moreover, cloud EAM software can consolidate asset applications to one system of technology, predict future asset parameters, provide in-depth financial analysis, and maximise asset efficiencies, which are leading to a higher adoption rate of cloud enterprise asset management software across organisations.
Market Share by End-Use
Based on end-use, the manufacturing segment accounts for a significant share in the enterprise asset management market. According to the enterprise asset management market report, the thriving manufacturing sector, coupled with rapid digitalisation is driving the segment’s growth. The increasing adoption of enterprise asset management tools in manufacturing units to reduce maintenance and operation costs, monitor asset performance, manage inventory procurement, and optimise the equipment and machinery uptime, is adding to the enterprise asset management market report growth. Over the forecast period, the fast-paced growth of consumer electronics, FMCG, and pharmaceuticals, among manufactured products, are expected to generate a healthy demand for enterprise asset management solutions and services for manufacturing end-uses.
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Competitive Landscape
ABB Ltd is a leading engineering company which provides technological solutions such as control room solutions, drives, industrial software, and measurement and analytics, among others. The company provides expertise to various industries including mining, oil and gas, and automotive. ABB Ltd was founded in 1988 and is headquartered in Zurich, Switzerland.
CGI Inc. is a leading information technology consultation company, the product portfolio of which includes business consulting, systems integration, managed IT services, and infrastructure services, among others. Solutions developed by this company include CGI Advantage, CGI Open Grid360, and CGI Retail Suite. The company was established in 1976 and is headquartered in Quebec, Canada.
eMaint Enterprises, LLC. is a prominent software company which develops and delivers high-quality ground-breaking asset reliability platforms, maintenance tools, and software solutions. The company also offers expertise in enterprise asset, work, and inventory management. Founded in 1986, eMaint Enterprises is currently headquartered in Florida in the United States.
Other market players include IBM Corporation, IFS AB, Hexagon AB, Oracle Corporation, Ramco Systems Limited, SAP SE, and UpKeep Technologies, Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Deployment |
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| Breakup by Enterprise Size |
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| Breakup by End-Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Enterprise Asset Management Market Analysis
8.1 Key Industry Highlights
8.2 Global Enterprise Asset Management Historical Market (2018-2023)
8.3 Global Enterprise Asset Management Market Forecast (2024-2032)
8.4 Global Enterprise Asset Management Market by Deployment
8.4.1 Cloud
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 On-Premise
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.5 Global Enterprise Asset Management Market by Enterprise Size
8.5.1 Large Enterprises
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Small and Medium Enterprises (SMEs)
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.6 Global Enterprise Asset Management Market by End-Use
8.6.1 Manufacturing
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Facility Management
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Healthcare
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Education
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.6.5 Government
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2023)
8.6.5.3 Forecast Trend (2024-2032)
8.6.6 Others
8.7 Global Enterprise Asset Management Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2023)
8.7.4.3 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2023)
8.7.5.3 Forecast Trend (2024-2032)
9 North America Enterprise Asset Management Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Enterprise Asset Management Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Enterprise Asset Management Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Enterprise Asset Management Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Enterprise Asset Management Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 ABB Ltd
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 CGI Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 eMaint Enterprises, LLC.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 IBM Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 IFS AB
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Hexagon AB
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Oracle Corporation
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Ramco Systems Limited
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 SAP SE
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 UpKeep Technologies, Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Enterprise Asset Management Market: Key Industry Highlights, 2018 and 2032
2. Global Enterprise Asset Management Historical Market: Breakup by Deployment (USD Million), 2018-2023
3. Global Enterprise Asset Management Market Forecast: Breakup by Deployment (USD Million), 2024-2032
4. Global Enterprise Asset Management Historical Market: Breakup by Enterprise Size (USD Million), 2018-2023
5. Global Enterprise Asset Management Market Forecast: Breakup by Enterprise Size (USD Million), 2024-2032
6. Global Enterprise Asset Management Historical Market: Breakup by End-use (USD Million), 2018-2023
7. Global Enterprise Asset Management Market Forecast: Breakup by End-use (USD Million), 2024-2032
8. Global Enterprise Asset Management Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Enterprise Asset Management Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Enterprise Asset Management Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Enterprise Asset Management Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Enterprise Asset Management Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Enterprise Asset Management Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Enterprise Asset Management Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Enterprise Asset Management Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Enterprise Asset Management Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Enterprise Asset Management Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Enterprise Asset Management Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Enterprise Asset Management Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Enterprise Asset Management Market Structure
Key Questions Answered in the Report
The market reached a value of USD 5.10 billion in 2023.
The market is estimated to grow at a CAGR of 11.90% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 13.96 billion by 2032.
Growing digitalisation across end-use sectors, increasing deployment in manufacturing, and heightened adoption of cloud asset management software in enterprises are the major drivers of the market.
The key trends in the market include increasing affordability of EAM solutions, collaborations between tech giants, and rapid development of advanced technologies for asset management solutions.
Cloud and on-premise are the primary deployments of enterprise asset management in the market.
Large enterprises and small and medium enterprises (SMEs) are the different enterprise sizes in the market.
Manufacturing, facility management, healthcare, education, and government, among others, are the various end-uses of enterprise asset management.
Enterprise asset management plays a crucial role of managing assets of an organisation throughout the lifecycle for increased operational efficiencies.
The main components of enterprise asset management include work management, asset management, labour management, MRO management, and contract management, among others.
ABB Ltd, CGI Inc., eMaint Enterprises, LLC., IBM Corporation, IFS AB, Hexagon AB, Oracle Corporation, Ramco Systems Limited, SAP SE, and UpKeep Technologies, Inc., among others, are the key enterprise asset management market players, according to the report.
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