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Enterprise Asset Management Market by Component (Solutions, Services), Organization Size, Deployment Mode, Industry Vertical (Energy and Utilities, Government and Defense, Manufacturing, Transportation and Logistics), and Region - Global Forecast to 2024

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Date: 16-Aug-2019
No. of pages: 134
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Growing demand for cloud-based enterprise asset management (EAM) solutions and gaining a 360-degree view of assets are expected to drive the growth of the enterprise asset management market

The global enterprise asset management market size is expected to grow from USD 5.1 billion in 2019 to USD 8.2 billion by 2024, at a CAGR of 10.0% during the forecast period.The growth of the market can be attributed to the increasing demand for cloud-based EAM solutions and gaining a 360-degree view of assets. However, security concerns related to data security can hinder the growth of the market.

The transportation and logistics segment is projected to grow at the highest CAGR during the forecast period

Enterprise asset management solutions help businesses operating in the transportation and logistics industry minimize the costs of managing and maintaining transportation assets such as bridges, roads, tunnels, and rails. Furthermore, geotechnical monitoring of transportation assets allows organizations to perform maintenance operation whenever and wherever required.

The professional services segment expected to account for a larger share during the forecast period as compared to the managed services segment.

Professional services are services offered through professionals, specialists, or experts, to support the business. These services include planning and consulting, training and education, and support and maintenance. The growing focus of organizations to effectively deploy EAM solutions and streamline their entire service life cycle is fueling the adoption of professional services.

APAC expected to grow at the highest rate during the forecast period

The EAM market in APAC is expected to grow at the highest CAGR during the forecast period, due to the penetration of several companies such as Oracle, IBM, and In for in the region. Additionally, many emerging economies in the APAC region are likely to adopt EAM solutions because of their high demands, specifically in the oil and gas, transportation and logistics, healthcare, and energy and utilities industries.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the enterprise asset management market.


  • By Company Type: Tier 1 – 15%, Tier 2 – 43%, and Tier 3 – 42%

  • By Designation: C-level – 62%, Director-level – 21%, and Others – 17%

  • By Region: North America – 42%,APAC– 30%, Europe– 18%,MEA –5%, and Latin America – 5%


Major vendors offering enterprise asset management solutions and services across the globe include-

IBM (US), Oracle (US), IFS (Sweden), SAP (Germany), Infor (US), ABB (Switzerland), Aptean (US), CGI (Canada), IPS (Germany), Maintenance Connection (US), AVEVA (UK), AssetWorks (US), RFgen (US), eMaint (US), UpKeep (US), and Ultimo Software Solutions (UK).

The study includes an in-depth competitive analysis of these key players in the EAM market, with their company profiles, recent developments, and key market strategies.

Research coverage

The market study covers the enterprise asset management market size across segments. It aims at estimating the market size and the growth potential of this market across different segments, namely, component (solutions and services), deployment mode, organization size, vertical, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key benefits of buying the report

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall EAM market and the sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Enterprise Asset Management Market by Component (Solutions, Services), Organization Size, Deployment Mode, Industry Vertical (Energy and Utilities, Government and Defense, Manufacturing, Transportation and Logistics), and Region - Global Forecast to 2024

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.4 Years Considered for the Study
1.5 Currency Considered
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakup of Primary Profiles
2.1.2.2 Key Industry Insights
2.2 Market Breakup and Data Triangulation
2.3 Market Size Estimation
2.3.1 Top-Down Approach
2.3.2 Bottom-Up Approach
2.4 Market Forecast
2.5 Assumptions for the Study
2.6 Limitations of the Study

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Enterprise Asset Management Market
4.2 Market in North America, By Vertical and Country
4.3 Market Major Countries

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Demand for Cloud-Based EAM Solutions
5.2.1.2 Gaining a 360 Degree View of Assets
5.2.2 Restraints
5.2.2.1 Concerns of Organizations Related to Data Security and Confidentiality
5.2.3 Opportunities
5.2.3.1 Extending the Asset Lifecycle With the Help of Advanced Technologies
5.2.3.2 Need for Digital Asset Management Strategy
5.2.4 Challenges
5.2.4.1 Selecting the Right Solution That Aligns With the Organization’s Business Needs
5.2.4.2 Integration of EAM With Third-Party Erp Systems
5.3 Industry Trends
5.3.1 Use Case 1: Cern
5.3.2 Use Case 2: Universal Forest Products
5.3.3 Use Case 3: Pratt & Whitney

6 Enterprise Asset Management Market By Component
6.1 Introduction
6.2 Solutions
6.2.1 Asset Lifecycle Management
6.2.1.1 Growing Demand to Streamline Business Processes and Reduced Maintenance Cost Fuel the Demand for Enterprise Asset Management Solutions in the Market
6.2.2 Inventory Management
6.2.2.1 Inventory Management Balances the Risks of Inventory Surfeits and Shortages Across the Different Verticals
6.2.3 Work Order Management
6.2.3.1 Rise in Demand for Organizations to Efficiently Manage Work Orders and Improve Workforce Productivity is Expected to Drive the Growth of Work Order Management Solutions in the Market
6.2.4 Labor Management
6.2.4.1 Growing Need to Manage and Increase Labor Productivity is Increasing the Adoption of Labor-Management Solutions in the Market
6.2.5 Predictive Maintenance
6.2.5.1 Growing Demand for Monitoring and Predicting System Failures in Real-Time is Paving the Way for Predictive Maintenance Solutions in the Market
6.2.6 Facility Management
6.2.6.1 Growing Demand to Transform Data Into Manageable Insights Fuel the Demand for Facility Management Solutions in the Market
6.2.7 Reporting and Analytics
6.2.7.1 Need to Improve Operations With Real-Time Analysis of the Huge Amount of Data is Expected to Drive the Demand for Reporting and Analytics Solutions
6.3 Services
6.3.1 Professional Services
6.3.1.1 Growing Focus of Organizations to Effectively Deploy Enterprise Asset Management Solutions and Streamline Their Entire Service Lifecycle is Fuelling the Adoption of Professional Services
6.3.2 Managed Services
6.3.2.1 Increasing Need to Reduce Data Breaches and Protect Intellectual Property is Fueling the Demand for Managed Services in the Market

7 Enterprise Asset Management Market By Deployment Mode
7.1 Introduction
7.2 On-Premises
7.2.1 Security Concerns Among Large Enterprises to Drive the Adoption of On-Premises Enterprise Asset Management Solution
7.3 Cloud
7.3.1 Scalability and Cost-Effectiveness of Cloud-Based Enterprise Asset Management Solution to Drive Their Adoption During the Forecast Period

8 Enterprise Asset Management Market By Organization Size
8.1 Introduction
8.2 Large Enterprises
8.2.1 Growing Focus of Large Enterprise to Efficiently Manage a Large Amount of Critical Assets to Drive the Adoption of Enterprise Asset Management Solution Among Large Enterprises
8.3 Small and Medium-Sized Enterprises (SMES)
8.3.1 Need for Cost-Effective Solutions to Drive the Demand for Enterprise Asset Management Solutions Among Small and Medium-Sized Enterprises

9 Enterprise Asset Management Market By Vertical
9.1 Introduction
9.2 Energy and Utilities
9.2.1 Focus of Organizations to Take Proactive Measures Against Outages and Reduce Risks in Managing Critical Operations Projected to Drive the Adoption of Enterprise Asset Management Solutions in Energy and Utilities Vertical
9.3 Manufacturing
9.3.1 Rising Need to Streamline Product Manufacturing and Delivery Process is Expected to Drive the Growth of Enterprise Asset Management Solution in Manufacturing Vertical
9.4 Healthcare and Life Sciences
9.4.1 Need to Automate and Improve Complex Healthcare Service Operations Expected to Drive the Demand for Enterprise Asset Management Solutions in Healthcare and Life Sciences Vertical
9.5 Transportation and Logistics
9.5.1 Rising Need to Minimize Cost of Transportation Assets is Expected to Fuel the Demand for Enterprise Asset Management Solutions During the Forecast Period
9.6 IT and Telecom
9.6.1 Demand for Highly Connected Environment to Efficiently Manage Various Assets is Expected to Drive Need for Enterprise Asset Management Solutions in IT and Telecom Vertical
9.7 Government and Defense
9.7.1 Need for Highly Reliable Assets to Handle Crucial Projects is Expected to Drive the Demand for Enterprise Asset Management Solutions in Government and Defense Vertical
9.8 Others

10 Enterprise Asset Management Market By Region
10.1 Introduction
10.2 North America
10.2.1 United States
10.2.1.1 Early Adoption of Technologies and High Focus on Innovations to Boost Market Growth in the United States
10.2.2 Canada
10.2.2.1 Adoption of Enterprise Asset Management Solutions Across Verticals to Drive the Market Growth in Canada
10.3 Europe
10.3.1 United Kingdom
10.3.1.1 Rise in Demand for Enterprise Asset Management Solutions to Maximize RoA to Drive the Growth of the Market in the United Kingdom
10.3.2 Germany
10.3.2.1 Government Focuses on Innovation and Research to Drive the Enterprise Asset Management Market in Germany
10.3.3 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.1.1 High Investment in Advanced Technologies Solutions to Drive the Market in China
10.4.2 Australia and New Zealand
10.4.2.1 Increasing Adoption of Technologies in Various Industries Boost the Demand for Enterprise Asset Management in Australia and New Zealand
10.4.3 Rest of Asia Pacific
10.5 Middle East and Africa (MEA)
10.5.1 UAE
10.5.1.1 Digitalization in Various Industries Boosts the Adoption of Enterprise Asset Management in the UAE
10.5.2 South Africa
10.5.2.1 Increasing Demand for Enterprise Asset Management Solutions to Enhance the Customer Experience is Driving the Growth in South Africa
10.5.3 Rest of Middle East and Africa
10.6 Latin America
10.6.1 Brazil
10.6.1.1 Rise in Number of Asset-Intensive Companies to Drive the Growth of the EAM Market in Brazil
10.6.2 Mexico
10.6.2.1 Increasing Awareness of Enterprise Asset Management Solution to Drive the EAM Market in Mexico
10.6.3 Rest of Latin America

11 Competitive Landscape
11.1 Competitive Scenario
11.1.1 New Product Launches
11.1.2 Business Expansions
11.1.3 Mergers & Acquisitions
11.1.4 Partnerships, Agreements, and Collaborations
11.2 Competitive Leadership Mapping
11.2.1 Visionary Leaders
11.2.2 Innovators
11.2.3 Dynamic Differentiators
11.2.4 Emerging Companies

12 Company Profiles
12.1 Introduction
(Business Overview, Products, Solutions & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
12.2 Oracle
12.3 IFS
12.4 Infor
12.5 IBM
12.6 SAP
12.7 ABB
12.8 Intelligent Process Solutions (IPS)
12.9 Maintenance Connection
12.10 AVEVA
12.11 Aptean
12.12 eMaint
12.13 CGI
12.14 UpKeep
12.15 RFgen Software
12.16 AssetWorks
12.17 Ultimo Software Solutions

*Details on Business Overview, Solutions, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not be Captured in Case of Unlisted Companies.

13 Appendix
13.1 Discussion Guide
13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.3 Available Customizations
13.4 Related Reports
13.5 Author Details

List of Tables

Table 1 United States Dollar Exchange Rate, 2016–2018
Table 2 Factor Analysis
Table 3 Enterprise Asset Management Market Size, By Component, 2017–2024 (USD Million)
Table 4 Market Size By Solutions, 2017–2024 (USD Million)
Table 5 Asset Lifecycle Management: Market Size By Region, 2017–2024 (USD Million)
Table 6 Inventory Management: Market Size By Region, 2017–2024 (USD Million)
Table 7 Work Order Management: Market Size By Region, 2017–2024 (USD Million)
Table 8 Labor Management: Market Size By Region, 2017–2024 (USD Million)
Table 9 Predictive Maintenance: Market Size By Region, 2017–2024 (USD Million)
Table 10 Facility Management: Market Siz, By Region, 2017–2024 (USD Million)
Table 11 Reporting and Analytics: Market Size By Region, 2017–2024 (USD Million)
Table 12 Services: Market Size By Region, 2017–2024 (USD Million)
Table 13 Professional Services: Market Size By Region, 2017–2024 (USD Million)
Table 14 Managed Service: Market Size By Region, 2017–2024 (USD Million)
Table 15 Enterprise Asset Management Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 16 On-Premises: Market Size By Region, 2017–2024 (USD Million)
Table 17 Cloud: Market Size By Region, 2017–2024 (USD Million)
Table 18 Market Size By Organization Size, 2017–2024 (USD Million)
Table 19 Large Enterprises: Market Size By Region, 2017–2024 (USD Million)
Table 20 Small & Medium-Sized Enterprises: Market Size By Region, 2017–2024 (USD Million)
Table 21 Enterprise Asset Management Market Size, By Industry Vertical, 2017–2024 (USD Million)
Table 22 Energy and Utilities: Market Size By Region, 2017–2024 (USD Million)
Table 23 Manufacturing: Market Size By Region, 2017–2024 (USD Million)
Table 24 Healthcare and Life Sciences: Market Size By Region, 2017–2024 (USD Million)
Table 25 Transportation and Logistics: Market Size By Region, 2017–2024 (USD Million)
Table 26 IT and Telecom: Market Size By Region, 2017–2024 (USD Million)
Table 27 Government and Defense: Market Size By Region, 2017–2024 (USD Million)
Table 28 Others: Market Size By Region, 2017–2024 (USD Million)
Table 29 Enterprise Asset Management Market Size, By Region, 2017–2024 (USD Million)
Table 30 North America: Market Size By Country, 2017–2024 (USD Million)
Table 31 North America: Market Size  By Component, 2017–2024 (USD Million)
Table 32 North America: Market Size By Solutions, 2017–2024 (USD Million)
Table 33 North America: Market Size By Service, 2017–2024 (USD Million)
Table 34 North America: Market Size By Organization Size, 2017–2024 (USD Million)
Table 35 North America: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 36 North America: Market Size By Vertical, 2017–2024 (USD Million)
Table 37 Europe: Enterprise Asset Management Market Size, By Country, 2017–2024 (USD Million)
Table 38 Europe: Market Size By Component, 2017–2024 (USD Million)
Table 39 Europe: Market Size By Solutions, 2017–2024 (USD Million)
Table 40 Europe: Market Size By Services, 2017–2024 (USD Million)
Table 41 Europe: Market Size By Organization Size, 2017–2024 (USD Million)
Table 42 Europe: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 43 Europe: Market Size By Vertical, 2017–2024 (USD Million)
Table 44 Asia Pacific: Enterprise Asset Management Market Size, By Country, 2017–2024 (USD Million)
Table 45 Asia Pacific: Market Size By Component, 2017–2024 (USD Million)
Table 46 Asia Pacific: Market Size By Solutions, 2017–2024 (USD Million)
Table 47 Asia Pacific: Market Size By Services, 2017–2024 (USD Million)
Table 48 Asia Pacific: Market Size By Organization Size, 2017–2024 (USD Million)
Table 49 Asia Pacific: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 50 Asia Pacific: Market Size By Vertical, 2017–2024 (USD Million)
Table 51 Middle East and Africa: Enterprise Asset Management Market Size, By Country, 2017–2024 (USD Million)
Table 52 Middle East and Africa: Market Size By Component, 2017–2024 (USD Million)
Table 53 Middle East and Africa: Market Size By Solutions, 2017–2024 (USD Million)
Table 54 Middle East and Africa: Market Size By Services, 2017–2024 (USD Million)
Table 55 Middle East and Africa: Market Size By Organization Size, 2017–2024 (USD Million)
Table 56 Middle East and Africa: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 57 Middle East and Africa: Market Size By Vertical, 2017–2024 (USD Million)
Table 58 Latin America: Enterprise Asset Management Market Size, By Country, 2017–2024 (USD Million)
Table 59 Latin America: Market Size By Component, 2017–2024 (USD Million)
Table 60 Middle East and Africa: Market Size By Solution, 2017–2024 (USD Million)
Table 61 Latin America: Market Size By Services, 2017–2024 (USD Million)
Table 62 Latin America: Market Size By Organization Size, 2017–2024 (USD Million)
Table 63 Latin America: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 64 Latin America: Market Size By Vertical, 2017–2024 (USD Million)
Table 65 New Product Launches, 2017–2019
Table 66 Business Expansions, 2017–2019
Table 67 Acquisitions, 2016–2019
Table 68 Partnerships, Agreements, and Collaborations, 2017- 2019

List of Figures

Figure 1 Enterprise Asset Management Market: Research Design
Figure 2 Enterprise Asset Management: Top-Down and Bottom-Up Approaches
Figure 3 Large Enterprises Segment to Hold the Largest Market Share in the EAM Market in 2019
Figure 4 North America Estimated to Account for the Largest Share of the Market in 2019
Figure 5 Growing Need to Gain 360 Degree View of Assets is One of the Major Factors Expected to Drive the Growth of Market
Figure 6 Energy and Utilities Vertical Expected to Account for the Largest Share of the North American Market in 2019
Figure 7 Enterprise Asset Management Market in Australia and New Zealand Expected to Grow at the Highest Rate During the Forecast Period
Figure 8 Drivers, Restraints, Opportunities, and Challenges
Figure 9 Services Segment Projected to Grow at a Higher CAGR During the Forecast Period as Compared to the Solutions Segment
Figure 10 Predictive Maintenance Segment Projected to Grow at the Highest CAGR During the Forecast Period
Figure 11 Professional Services Segment Expected to Lead Enterprise Asset Management Market During Forecast Period
Figure 12 Cloud Segment to Grow at a Higher CAGR During Forecast Period as Compared to On-Premises Segment
Figure 13 Small and Medium-Sized Enterprises Segment to Grow at a Higher CAGR During the Forecast Period as Compared to Large Enterprises Segment
Figure 14 Transportation and Logistics Vertical Expected to Grow at the Highest CAGR During the Forecast Period
Figure 15 Enterprise Asset Management Market in Asia Pacific Expected to Grow at the Highest CAGR During the Forecast Period
Figure 16 North America Market Snapshot
Figure 17 Asia Pacific Market Snapshot
Figure 18 Key Developments in the Market During 2018–2019
Figure 19 Enterprise Asset Management Market (Global) Competitive Leadership Mapping, 2019
Figure 20 Key Players of the Market 2018
Figure 21 Oracle: Company Snapshot
Figure 22 Oracle: SWOT Analysis
Figure 23 IFS: Company Snapshot
Figure 24 IFS: SWOT Analysis
Figure 25 Infor: Company Snapshot
Figure 26 Infor: SWOT Analysis
Figure 27 IBM: Company Snapshot
Figure 28 IBM: SWOT Analysis
Figure 29 SAP: Company Snapshot
Figure 30 ABB: Company Snapshot
Figure 31 SWOT Analysis: ABB
Figure 32 AVEVA: Company Snapshot

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