Enterprise Asset Management Market Surpasses USD 4.4 Billion Value in 2023, Anticipates Steady Growth with 10.8% CAGR by 2030
Enterprise Asset Management Market Surpasses USD 4.4 Billion Value in 2023, Anticipates Steady Growth with 10.8% CAGR by 2030
Global Enterprise Asset Management Market Report: 2024-2030
According to MarkNtel Advisors recent report “Global Enterprise Asset Management Market”. The report takes a numbers-based approach, breaking down precise data in a straightforward way. It consists of information on all the periods – past, present, and future. The report covers important topics like customer behavior, industry size, share, ongoing trends, market segments, and leading companies, and other valuable aspects related to the industry.
Key Highlights of the Report
- Market Performance (2019-2030)
- Market Outlook (2024-2030)
- Market Drivers and Challenges
- Competitive Benchmarking
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Enterprise Asset Management Market Overview
The Global Enterprise Asset Management Market was valued at USD 4.4 billion in 2023 and is estimated to grow at a CAGR of around 10.8% during the forecast period, i.e., 2024-30. Enterprise asset management offers a complete business package that empowers organizations to manage their assets efficiently across multiple departments, locations, and units. Companies can adopt enterprise asset management solutions for an all-inclusive understanding of infrastructure throughout its lifecycle, from procurement & design to disposal, operation, replacement, or maintenance.
Enterprise Asset Management Industry Opportunity
Asset Management Driven by Data
- The significance of data in paving the way for change within countless organizations cannot be overstated. Nowadays, companies are leveraging data to create business intelligence that hinges on a deep understanding of their customer’s needs and an all-encompassing knowledge base covering different sectors. To achieve such mastery, businesses need to have strong data science skills capable of implementing adaptable models across multiple domains efficiently. Hence, the integration of intelligent asset management systems helps yield timely information-based insights into predictive maintenance tasks monitoring as well as beef up industry-wide oversight efforts, further creating opportunistic arena for the Enterprise Asset Management Market in the forecast years.
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Enterprise Asset Management Market Segmentation
By Offering
> Solutions- Market Size & Forecast 2019-2030, (USD Million)
> Services- Market Size & Forecast 2019-2030, (USD Million)
>> Services- Market Size & Forecast 2019-2030, (USD Million)
>> Managed Services- Market Size & Forecast 2019-2030, (USD Million)
By Application
> Asset Lifecycle Management- Market Size & Forecast 2019-2030, (USD Million)
> Inventory Management- Market Size & Forecast 2019-2030, (USD Million)
> Work order Management- Market Size & Forecast 2019-2030, (USD Million)
> Labour Management- Market Size & Forecast 2019-2030, (USD Million)
> Facility Management- Market Size & Forecast 2019-2030, (USD Million)
> Others- Market Size & Forecast 2019-2030, (USD Million)
By Deployment Model
> Cloud- Market Size & Forecast 2019-2030, (USD Million)
> On-premises- Market Size & Forecast 2019-2030, (USD Million)
By Organization Size
> Large Enterprises- Market Size & Forecast 2019-2030, (USD Million)
> SMEs- Market Size & Forecast 2019-2030, (USD Million)
By Vertical
> Manufacturing- Market Size & Forecast 2019-2030, (USD Million)
> Energy & Utilities- Market Size & Forecast 2019-2030, (USD Million)
> Healthcare & Life Sciences- Market Size & Forecast 2019-2030, (USD Million)
> Transportation & Logistics- Market Size & Forecast 2019-2030, (USD Million)
> Telecom- Market Size & Forecast 2019-2030, (USD Million)
> Government & Public Sector- Market Size & Forecast 2019-2030, (USD Million)
> Education- Market Size & Forecast 2019-2030, (USD Million)
> Others- Market Size & Forecast 2019-2030, (USD Million)
Geographical Insights:
- North America
- Europe
- Asia Pacific
- Middle East/Africa
- South America
Competitive Landscape
The competitive landscape of the market has been studied in the report with detailed profiles of key players operating in the Enterprise Asset Management market.
Key Players
- > IBM
- > SAP
- > Oracle
- > Hexagon
- > IFS
- > Hitachi Energy
- > Intelligent Process Solutions
- > Accruent
- > Aveva
- > Aptean
- > Emaint
- > CGI
- > Upkeep
- > Assetworks
- > Ramco Systems
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Why This Report:
- Strategic Insights: These reports aid strategic decision-making for multinational corporations, financial institutions, and governments by providing crucial market insights.
- Global Perspective: With a presence in 80+ countries, the reports offer a comprehensive view of the global market landscape, facilitating informed decision-making on both regional and international scales.
- Expertise in Niche Industries: The specialized team’s expertise in niche industries and emerging geographies allows for detailed and accurate market analysis, vital for informed decision-making.
- Integrated Strategic Parameters: Covering strategic parameters such as Go-to-Market strategies, product development, and trend analysis empowers clients to develop tailored and informed strategies.
- Identifying Growth Opportunities: The reports enable clients to identify investment opportunities, emerging market trends, and white spaces, aiding in maximizing returns and gaining a competitive edge.
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