Enterprise Asset Management Market Report

1. 2022 Enterprise Asset Management Market Opportunities, Companies and Trends in Coming Years

2. Factors such as the surging deployment of enterprise asset management (EAM) solutions for effective utilization of assets, increasing need for the reduction of procurement and maintenance expenses, improved return on assets (ROA), growing internet of things (IoT) sector, rising number of construction projects, and mounting alertness regarding predictive analytics among large enterprises are expected to drive the enterprise asset management market in the foreseeable period (2020–2030) at a CAGR of 14.2%. According to P&S Intelligence, the market size stood at $5,682.1 million in 2020, which is expected to reach $21,471.3 million in 2030. One of the prime factors aiding the enterprise asset management market is the surging need for the reduction of procurement and maintenance expenses. EAM can help in minimizing maintenance costs by providing better information on capital investment, closely tracking of operations, and effectively controlling of equipment. Furthermore, it can reduce operating costs by mounting project return on investment (ROI), minimizing procurement cost of materials, and reducing maintenance cost. Further, the surging need of enterprises to optimize their operation costs by a significant number results in high demand for EAM solutions.

3. The offering segment of the enterprise asset management market is categorized into solution and service. Between the two, the solution category accounted for a larger market share in 2020. This is ascribed to the increasing need for better ROI on assets, rising demand for effective management of enterprise assets and resources, mounting need for streamlined business operations, and growing industries, such as retail, manufacturing, telecommunications, and healthcare. Whereas, the service category is projected to record faster growth in the coming years, owing to the increasing need for professional and managed services from businesses for smooth business operations. Moreover, on the basis of vertical, the enterprise asset management market is classified into energy and utilities, healthcare and life sciences, manufacturing, government and defense, transportation and logistics, IT and telecom, oil and gas, and others. Out of these, the healthcare and life sciences category is expected to witness the fastest growth in the coming years. This can be ascribed to the high healthcare spending, rapid utilization of advanced medical equipment, increased focus on advanced patient care management, improved performance monitoring, and rise in` need to accomplish compliance procedures. Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/enterprise-asset-management-market/report-sample

4. Geographically, the North American enterprise asset management market accounted for the largest share in 2020. This is ascribed to the existence of several market players, increase in adoption of EAM services and solutions in several industries, presence of a large number of end users, rise in need to meet strict regulatory compliances, and high public and private investments for better management of equipment and assets, in the region. Moreover, companies focusing on safeguarding supply chain management (SCM), asset utilization, and predictive utilization, to streamline business operations, are also driving the regional market growth. • Thus, the surging need for the reduction of procurement and maintenance expenses and the increasing deployment of EAM solutions for effective utilization of assets are expected to propel the market growth during the forecast period. • More Related Report: • Retail Sourcing and Procurement Market Analysis, Emerging Trends, Key Players & Future Scope • Retail E-Commerce Packaging Market Opportunities, Growth, Challenges, Business Trends and Forecast 2030

5. Market Segmentation by Offering • Solution • Asset lifecycle management • Inventory management • Work order management • Labor management • Predictive maintenance • Facility management • Reporting and analytics • Service • Professional • Managed • Market Segmentation by Enterprise • Large Enterprises • Small and Medium Enterprises (SMEs)

6. Market Segmentation by Deployment • On-Premises • Cloud • Market Segmentation by Vertical • Energy and Utilities • Manufacturing • Healthcare and Life Sciences • Transportation and Logistics • Information Technology (IT) and Telecom • Government and Defense • Oil and Gas • Others (Retail and Metal and Mining)

7. Market Segmentation by Region • North America EAM Market • By offering • By enterprise • By deployment • By vertical • By country – U.S. and Canada • U.S. EAM market • By vertical • Europe EAM Market • By offering • By enterprise • By deployment • By vertical • By country – Germany, France, U.K., Italy, Spain, and Rest of Europe • U.K. EAM market • By vertical • Germany EAM market • By vertical

8. Asia-Pacific (APAC) • Japan • China • India • Australia • South Korea • Latin America (LATAM) • By offering • By enterprise • By deployment • By vertical • By country – Brazil, Mexico, and Rest of LATAM • Middle East and Africa (MEA) EAM Market • By offering • By enterprise • By deployment • By vertical • By country – Saudi Arabia, U.A.E., Turkey, South Africa, and Rest of MEA

9. This study covers 1. Historical and the present size of the Enterprise Asset Management Market 2. Historical and the present size of the market segments and understand their comparative future potential 3. Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings 4. Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders 5. Major players operating in the market and their service offerings

10. Disclaimer: P&S Intelligence always keeps its customers’ interests at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations, as it is based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided by the key industry players of the concerned domain. the information or analysis in P&S Intelligence publications represents opinions based on research and should not be interpreted as statements of fact. Information in this report was believed to be correct at the time of publication, but cannot be guaranteed. P&S Intelligence does not endorse any product, service, or vendor depicted in its research publications. All intellectual properties, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance can these be reproduced in any form without prior written agreement of their owners. An order for market research report is intended for internal use of the company only and not for disclosure to third parties or any other publication in general. No service, report, or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including but not limited to, all forms of optical-based media, magnetic, electronic, or digital, without a written permission from Prescient & Strategic Intelligence Pvt. Ltd. • For queries related to sales, contact us at: • enquiry@psmarketresearch.com • US/Canada Toll-Free: 1-888-778-7886 • International: +1-347-960-6455 • India: +91 120 4541 337 To know more about us, visit our website psmarketresearch.com