Enterprise assets management (EAM) market has shown a significant rate of growth in recent times with the advanced technologies integrated to it such as IoT and other next gen solutions. Since the focus has changed from simple management to organization wide assets management the market of EAM has also changed according to the growing need.
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The EAM market involves tracking of three major revenue cycle of any enterprise that include:
- Project and Performance management: Enable user to track the whole project from the inception to completion.
- Asset performance management (APM): Using the capabilities of analytics, visualization and data capture, it improves the reliability and availability of physical assets.
- Asset and project portfolio management: It uses data from APM to delivery more efficient decisions in the favour of assets or enterprise.
Enterprise asset management solutions find applications in a number of verticals including BFSI, healthcare, government and private utilities, oil and gas, transportation, retail and many others. Different EAM methods are being used by each end-user verticals of EAM market. Some of the prominent EAM methods providers for end-user industry includes:
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BFSI
According to the need of banking and other financial service providers, there are plenty of options available in the market. Some of the BFSI related EAM software include Cornich suitable for both private and offshore banking requirements, Temenos T24 Transact which is an advanced cloud-native banking technology for core banking needs, and EBANQ which is used globally by banking facilities, among others.
Healthcare
EAM related software are very essential for the effective management and use of medical equipment and supplies. Key players present in the market that offer a range of assist management solutions for healthcare industry include Sunflower Systems, Awarepoint Corp., Midmark Corp, and IBM Corp. among other. Presence of such players in the market significantly enhance the growth of the global enterprise asset management (EAM) market.
Oil and Gas
EAM methods are used by the oil utility providers to track the various assets in multiple locations and to increase the productivity of equipment through maintenance and repair process. The major oil and gas software include Connexus, DataFrame for data maintenance by GeoFields, Drilling Data Management System (DDMS), and Intrinsix OM among others.
Transportation
In transportation, EAM methods are used with the focus on the transportation infrastructure and to contain the costs of planning, building, operating, and maintaining the facilities. EAM software currently in use by various countries transportation utilities include ScotRail that uses cloud based EAM to optimize the reliability of the trains that operates across eight different suburban; Vancouver’s TransLink EAM software for the maintenance of buses and Shenzhen Municipal Metro Group in Guangdong China that use the EAM to integrate its maintenance and asset management systems among others.
Current Market Trends in the enterprise asset management (EAM) Industry:
- Mobile EAM solutions in the form of an application software are being offered by the companies such as IBM Corp. and SAP SE.
- Integration of EAM with IoT is advancing the existing EAM solutions.
Enterprise Assets Management Market – Segmentation
By Deployment
- On-Premise
- Cloud-Based
By Verticals
- BFSI
- Healthcare
- Power & Energy
- Government & Utility
- IT & Telecom
- Others
Enterprise Assets Management Market – Segment by Region
North America
- US
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- ABB Ltd.
- ABS Group
- AVEVA Group PLC
- Carl International SA
- IFS AB
- IBM Corp.
- Microsoft Corp.
- Oracle Corp.
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