The global enterprise asset management market is anticipated to grow at a significant CAGR of 7.9% during the forecast period. The key companies operating in the industry are highly inclined towards the adoption of different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansion, new product launches, and product innovation to remain competitive in the marketplace. For instance, in March 2022, Aptean announced the release of Aptean EAM, a cloud-based enterprise asset management (EAM) solution for manufacturing and other organizations that rely on sophisticated equipment to support production. The new solution can be used as a stand-alone computerized maintenance management system (CMMS) or to provide sophisticated EAM capabilities.
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As a result, Aptean EAM can suit the needs of both small and mid-sized manufacturing companies that find traditional EAMs overly complicated, as well as bigger, enterprise-scale companies that may have historically limited their EAM expenditures to their largest sites. Further, Zebra Technologies partnered with Maikubo Artificial Intelligence (AI), an integrated education institution that offers AI training, as well as a technological incubator and teaching mode products, in May 2020. Maikubo AI used Zebra’s RFID solutions to enable rapid and precise asset tagging and administration of training equipment, resulting in time savings for employees and greater visibility, as well as increased staff efficiency.
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Organizations can save money and make more money by streamlining their processes and making the most use of their existing resources. Asset management solutions assist businesses to decrease inventory and stock management costs while also allowing them to make better use of their existing equipment by tracking and managing assets in real-time. Personnel tracking software aids businesses in assuring employee productivity and safety, resulting in cost savings. Asset tracking of both equipment and staff is crucial in the healthcare industry for improving patient care. As a result of the implementation of asset management systems, considerable cost savings and a high return on investment (RoI) are realized, as well as optimal resource usage.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
o By Technology
o By Verticals
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- IBM Corp., Oracle Corp., SAP SE, CGI Inc., and ABB Group, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Enterprise Asset Management Market Report Segment
By Technology
- On-Premises
- Cloud-Based
By Verticals
- BFSI
- Energy & Power
- Healthcare
- Government & Utilities
- IT & Telecom
- Others
