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United States Enterprise Asset Management Market

United States Enterprise Asset Management Market Size: By Component: Solution, Services; By Deployment Mode: On-Premise, Cloud; By Organisation Size: Small and Medium Enterprises, Large Enterprises; By Application: Asset Lifecycle Management, Others; By End Use; Regional Analysis; Competitive Landscape; 2024-2032

United States Enterprise Asset Management Market Outlook

The United States enterprise asset management market size reached approximately USD 2.25 billion in 2023. The market is projected to grow at a CAGR of 11.7% between 2024 and 2032, reaching a value of around USD 6.08 billion by 2032.

 

Key Trends in the Market

Enterprise asset management (EAM) is a strategic approach that involves the integration of systems, processes, and software to oversee and manage physical assets and equipment. Its purpose is to strategically plan, enhance, carry out, and monitor maintenance activities essential for the entire lifespan of each asset.

 

These assets can include equipment, machinery, infrastructure, facilities, vehicles, and any other tangible assets that play a role in the organisation's operations.

 

  • One of the significant United States enterprise asset management market trends involves the integration of the Internet of Things (IoT) and predictive analytics. This entails the installation of IoT sensors on assets to gather immediate information of their state and performance. Subsequently, this data undergoes thorough analysis using advanced analytics and machine learning algorithms to forecast when maintenance will be necessary. This capability enables the implementation of proactive and predictive maintenance approaches.
  • The increasing shift towards cloud-based EAM solutions is one of the key factors aiding the United States enterprise asset management market growth. Cloud-based EAM offers benefits like scalability, flexibility, and accessibility from anywhere with an internet connection. This trend is driven by the need for remote access to asset information and the desire to reduce IT infrastructure costs.
  • Many organisations are focusing on the integration of EAM with other enterprise systems like Enterprise Resource Planning (ERP) and Computerised Maintenance Management Systems (CMMS), which is likely to propel the US enterprise asset management market demand. This integration streamlines processes, enhances data accuracy, and provides a holistic view of organisational operations.

 

Market Analysis

Based on components, the market can be segmented into solution and services. The United States enterprise asset management market segmentation, based on deployment type, includes on-premises and cloud. The market, based on organisation size, is bifurcated into small and medium enterprises and large enterprises. Based on the application, the market is divided into asset lifecycle management, inventory management, work order management, labour management, and predictive maintenance, among others.

 

The market, based on end-use, is divided into transportation and logistics, energy and utilities, government, IT and telecom, education, manufacturing, and healthcare, among others. The major regional markets for enterprise asset management in the US are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.

 

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United States enterprise asset management market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

 

  • IBM Corporation
  • Oracle Corporation
  • Hexagon AB
  • SAP SE
  • Schneider Electric SE (AVEVA)
  • IFS World Operations AB
  • Ramco Systems Ltd.
  • MRI SOFTWARE LLC
  • CGI Inc.
  • Mapcon Technologies, Inc.
  • Others

 

Market Share by Application

According to the United States enterprise asset management market analysis, inventory management is likely to be a major application of EAM. EAM systems help in maintaining optimal levels of inventory and narrowing supply-demand gaps. By tracking usage patterns, lead times, and demand fluctuations, organisations can avoid overstocking or understocking materials. This ensures that the right amount of inventory is available when needed, reducing carrying costs and minimising stockouts.

 

Market Share by End-Use

The rising utilisation of enterprise asset management by the US manufacturing sector is likely to enhance the United States enterprise asset management market share in the coming years. In manufacturing, EAM refers to the use of specialised software and systems to efficiently manage and maintain physical assets, such as equipment, machinery, facilities, and other infrastructure, throughout their entire lifecycle.

 

Manufacturers are constantly seeking ways to improve cost-efficiency of various operations. EAM helps in optimising maintenance schedules, reducing unplanned downtime, and minimising unnecessary expenditures on asset upkeep.

 

Competitive Landscape

IBM Corporation is a multinational technology and consulting company headquartered in the United States of America. IBM is a diversified technology company with a broad range of products and services, such as cloud and data platforms, artificial intelligence, data analytics, blockchain, and quantum computing, among others.

 

Oracle Corporation is a global technology leader, known for its comprehensive portfolio of cloud solutions, software, and hardware products. Headquartered in California, Oracle has played a pivotal role in shaping the information technology landscape since its inception in 1977. The company has a rich history of innovation and its achievements include pioneering the concept of the relational database and consistently delivering cutting-edge solutions.

 

Hexagon AB is a global technology company headquartered in Stockholm, Sweden. Founded in 1992, Hexagon has evolved into a leading provider of sensor, software, and autonomous solutions. The company provides a diverse range of products and solutions, including smart m.apps, metrology solutions, manufacturing solutions, and geospatial software.

 

Other major players in the United States enterprise asset management market (EAM) are SAP SE, Schneider Electric SE (AVEVA), IFS World Operations AB, Ramco Systems Ltd., MRI SOFTWARE LLC, CGI Inc., and Mapcon 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:

  • Component
  • Deployment Mode
  • Organisation Size
  • Application
  • End Use
  • Region
Breakup by Component
  • Solution
  • Services
Breakup by Deployment Mode
  • On-Premise
  • Cloud
Breakup by Organisation Size
  • Small and Medium Enterprises
  • Large Enterprises
Breakup by Application
  • Asset Lifecycle Management
  • Inventory Management
  • Work Order Management
  • Labour Management
  • Predictive Maintenance
  • Others
Breakup by End Use
  • Transportation and Logistics
  • Energy and Utilities
  • Government
  • IT and Telecom
  • Education
  • Manufacturing
  • Healthcare
  • Others
Breakup by Region
  • New England
  • Mideast
  • Great Lakes
  • Plains
  • Southeast
  • Southwest
  • Rocky Mountain
  • Far West
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • IBM Corporation
  • Oracle Corporation
  • Hexagon AB
  • SAP SE
  • Schneider Electric SE (AVEVA)
  • IFS World Operations AB
  • Ramco Systems Ltd.
  • MRI SOFTWARE LLC
  • CGI Inc.
  • Mapcon Technologies, Inc.
  • Others

 

*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
7    Opportunities and Challenges in the Market
8    North America Enterprise Asset Management Market Overview
    8.1    Key Industry Highlights
    8.2    North America Enterprise Asset Management Historical Market (2018-2023) 
    8.3    North America Enterprise Asset Management Market Forecast (2024-2032)
    8.4    North America Enterprise Asset Management Market Share by Country
        8.4.1    United States
        8.4.2    Canada
9    United States Enterprise Asset Management Market Overview
    9.1    Key Industry Highlights
    9.2    United States Enterprise Asset Management Historical Market (2018-2023) 
    9.3    United States Enterprise Asset Management Market Forecast (2024-2032)
10    United States Enterprise Asset Management Market by Component
    10.1    Solution
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Services
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
11    United States Enterprise Asset Management Market by Deployment Mode
    11.1    On-Premise
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Cloud
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
12    United States Enterprise Asset Management Market by Organisation Size
    12.1    Small and Medium Enterprises
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Large Enterprises
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
13    United States Enterprise Asset Management Market by Application 
    13.1    Asset Lifecycle Management
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    Inventory Management
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Work Order Management
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    Labour Management
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Predictive Maintenance
        13.5.1    Historical Trend (2018-2023)
        13.5.2    Forecast Trend (2024-2032)
    13.6    Others
14    United States Enterprise Asset Management Market by End Use
    14.1    Transportation and Logistics
        14.1.1    Historical Trend (2018-2023)
        14.1.2    Forecast Trend (2024-2032)
    14.2    Energy and Utilities
        14.2.1    Historical Trend (2018-2023)
        14.2.2    Forecast Trend (2024-2032)
    14.3    Government
        14.3.1    Historical Trend (2018-2023)
        14.3.2    Forecast Trend (2024-2032)
    14.4    IT and Telecom
        14.4.1    Historical Trend (2018-2023)
        14.4.2    Forecast Trend (2024-2032)
    14.5    Education
        14.5.1    Historical Trend (2018-2023)
        14.5.2    Forecast Trend (2024-2032)
    14.6    Manufacturing
        14.6.1    Historical Trend (2018-2023)
        14.6.2    Forecast Trend (2024-2032)
    14.7    Healthcare
        14.7.1    Historical Trend (2018-2023)
        14.7.2    Forecast Trend (2024-2032)
    14.8    Others
15    United States Enterprise Asset Management Market by Region
    15.1    New England
        15.1.1    Historical Trend (2018-2023)
        15.1.2    Forecast Trend (2024-2032)
    15.2    Mideast
        15.2.1    Historical Trend (2018-2023)
        15.2.2    Forecast Trend (2024-2032)
    15.3    Great Lakes
        15.3.1    Historical Trend (2018-2023)
        15.3.2    Forecast Trend (2024-2032)
    15.4    Plains
        15.4.1    Historical Trend (2018-2023)
        15.4.2    Forecast Trend (2024-2032)
    15.5    Southeast
        15.5.1    Historical Trend (2018-2023)
        15.5.2    Forecast Trend (2024-2032)
    15.6    Southwest
        15.6.1    Historical Trend (2018-2023)
        15.6.2    Forecast Trend (2024-2032)
    15.7    Rocky Mountain
        15.7.1    Historical Trend (2018-2023)
        15.7.2    Forecast Trend (2024-2032)
    15.8    Far West
        15.8.1    Historical Trend (2018-2023)
        15.8.2    Forecast Trend (2024-2032)
16    Market Dynamics
    16.1    SWOT Analysis
        16.1.1    Strengths
        16.1.2    Weaknesses
        16.1.3    Opportunities
        16.1.4    Threats
    16.2    Porter’s Five Forces Analysis
        16.2.1    Supplier’s Power
        16.2.2    Buyer’s Power
        16.2.3    Threat of New Entrants
        16.2.4    Degree of Rivalry
        16.2.5    Threat of Substitutes
    16.3    Key Indicators for Demand
    16.4    Key Indicators for Price
17    Competitive Landscape
    17.1    Market Structure
    17.2    Company Profiles
        17.2.1    IBM Corporation 
            17.2.1.1    Company Overview
            17.2.1.2    Product Portfolio
            17.2.1.3    Demographic Reach and Achievements
            17.2.1.4    Certifications
        17.2.2    Oracle Corporation 
            17.2.2.1    Company Overview
            17.2.2.2    Product Portfolio
            17.2.2.3    Demographic Reach and Achievements
            17.2.2.4    Certifications
        17.2.3    Hexagon AB 
            17.2.3.1    Company Overview
            17.2.3.2    Product Portfolio
            17.2.3.3    Demographic Reach and Achievements
            17.2.3.4    Certifications
        17.2.4    SAP SE 
            17.2.4.1    Company Overview
            17.2.4.2    Product Portfolio
            17.2.4.3    Demographic Reach and Achievements
            17.2.4.4    Certifications
        17.2.5    Schneider Electric SE (AVEVA) 
            17.2.5.1    Company Overview
            17.2.5.2    Product Portfolio
            17.2.5.3    Demographic Reach and Achievements
            17.2.5.4    Certifications
        17.2.6    IFS World Operations AB
            17.2.6.1    Company Overview
            17.2.6.2    Product Portfolio
            17.2.6.3    Demographic Reach and Achievements
            17.2.6.4    Certifications
        17.2.7    Ramco Systems Ltd. 
            17.2.7.1    Company Overview
            17.2.7.2    Product Portfolio
            17.2.7.3    Demographic Reach and Achievements
            17.2.7.4    Certifications
        17.2.8    MRI SOFTWARE LLC 
            17.2.8.1    Company Overview
            17.2.8.2    Product Portfolio
            17.2.8.3    Demographic Reach and Achievements
            17.2.8.4    Certifications
        17.2.9    CGI Inc. 
            17.2.9.1    Company Overview
            17.2.9.2    Product Portfolio
            17.2.9.3    Demographic Reach and Achievements
            17.2.9.4    Certifications
        17.2.10    Mapcon Technologies, Inc.
            17.2.10.1    Company Overview
            17.2.10.2    Product Portfolio
            17.2.10.3    Demographic Reach and Achievements
            17.2.10.4    Certifications
        17.2.11    Others
18    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    North America Enterprise Asset Management Market: Key Industry Highlights, 2018 and 2032
2.    United States Enterprise Asset Management Market: Key Industry Highlights, 2018 and 2032
3.    United States Enterprise Asset Management Historical Market: Breakup by Component (USD Billion), 2018-2023
4.    United States Enterprise Asset Management Market Forecast: Breakup by Component (USD Billion), 2024-2032
5.    United States Enterprise Asset Management Historical Market: Breakup by Deployment Mode (USD Billion), 2018-2023
6.    United States Enterprise Asset Management Market Forecast: Breakup by Deployment Mode (USD Billion), 2024-2032
7.    United States Enterprise Asset Management Historical Market: Breakup by Organisation Size (USD Billion), 2018-2023
8.    United States Enterprise Asset Management Market Forecast: Breakup by Organisation Size (USD Billion), 2024-2032
9.    United States Enterprise Asset Management Historical Market: Breakup by Application (USD Billion), 2018-2023
10.    United States Enterprise Asset Management Market Forecast: Breakup by Application (USD Billion), 2024-2032
11.    United States Enterprise Asset Management Historical Market: Breakup by End Use (USD Billion), 2018-2023
12.    United States Enterprise Asset Management Market Forecast: Breakup by End Use (USD Billion), 2024-2032
13.    United States Enterprise Asset Management Historical Market: Breakup by Region (USD Billion), 2018-2023
14.    United States Enterprise Asset Management Market Forecast: Breakup by Region (USD Billion), 2024-2032
15.    United States Enterprise Asset Management Market Structure

Key Questions Answered in the Report

What was the United States enterprise asset management market value in 2023?

In 2023, the market reached an approximate value of USD 2.25 billion.

What is the growth rate of the United States enterprise asset management market?

The market is projected to grow at a CAGR of 11.7% between 2024 and 2032.

What is the forecast outlook of the United States enterprise asset management market for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 6.08 billion by 2032.

What are the major market drivers?

The market is driven by the increasing penetration of Internet of Things (IoT) and predictive analytics in asset management solutions and the diverse applications of EAM.

What are the major trends in the market?

The major market trends include growing demand for integration of EAM with other enterprise systems and the rising implementation of cloud-based EAM solutions.

What are the major regional markets for enterprise asset management, according to the EMR report?

The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

What are the major end-uses of asset management systems?

The different end-uses are transportation and logistics, energy and utilities, government, IT and telecom, education, manufacturing, and healthcare, among others.

Who are the key market players, according to the United States enterprise asset management market report?

The key players in the market include IBM Corporation, Oracle Corporation, Hexagon AB, SAP SE, Schneider Electric SE (AVEVA), IFS World Operations AB, Ramco Systems Ltd., MRI SOFTWARE LLC, CGI Inc., and Mapcon Technologies, Inc., among others.

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