The Global Enterprise Asset Management Market size 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.                         

Global Enterprise Asset Management Market Driver:

Rising Adoption of Cutting-Edge Technologies & Connected Devices – Internet penetration & smartphone accessibility have increased significantly during historical years. As per the statistics provided by the Data Reportal, in 2023, there were approximately 5.16 billion internet users across the globe, which is approximately 64.4% of the total world population. Similarly, smartphone accessibility across the globe has also increased. This proliferation of smart devices is creating a conducive environment for digital platforms & services.  As a result, several organizations globally have shifted towards digital platforms & started offering their services via digital means. According to the BigCommerce Company, as of 2023, around 20% to 30% of organizations have moved to online platforms & around 60% of enterprises are planning to increase their online presence. Therefore, organizations are increasingly utilizing technology-based solutions to boost their online performance.

Additionally, these companies are adopting sensor technologies, data analytics, and Artificial Intelligence (AI) since these emerging technologies enable the organization to make well-informed decisions. Thus, to improve customer engagement, simplify business operations, and optimize overall operational efficiency, organizations are increasingly using technology-based asset management solutions, driving the Global Enterprise Asset Management Market.

Furthermore, industries across the globe are undergoing Industrial Revolution 4.0, owing to which the manufacturing units require solutions that help in real-time monitoring. Thus, these industries would shift towards Internet of Things (IoT) based enterprise asset management solutions to minimize downtime, consequently enlarging market size in the forecast period.

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Key Market Reports Highlights

·        Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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Global Enterprise Asset Management Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2023

-Historical Period: 2019 to 2022

-Forecast Period: 2024 to 2030

• By Offering
• Solutions- Market Size & Forecast 2019-2030, (USD Million)
• Services- Market Size & Forecast 2019-2030, (USD Million)
• Professional services- Market Size & Forecast 2019-2030, (USD Million)
• Planning & Consulting- Market Size & Forecast 2019-2030, (USD Million)
• Training & Education- Market Size & Forecast 2019-2030, (USD Million)
• Support & Maintenance- 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 End User
• 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)
• By Region
• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including -   IBM, SAP, Oracle, Hexagon, IFS, Hitachi Energy, IPS Intelligent Process Solutions, Accruent, Aveva, Aptean, Emaint, CGI, Upkeep, Assetworks, Ramco Systems, and Others

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