Enterprise Asset Management Market - Growth Statistics, Trends Analysis to 2027 - PowerPoint PPT Presentation

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Enterprise Asset Management Market - Growth Statistics, Trends Analysis to 2027

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Title: Enterprise Asset Management Market - Growth Statistics, Trends Analysis to 2027


1
Enterprise Asset Management Market 2021 - Revenue
Outlook, Segmentation and Key Trends to 2027
2
  • The enterprise asset management market is
    expected to witness substantial growth through
    2027 owing to prevalent product demand across
    varied industry verticals.
  • Enterprise asset management (EAM), which refers
    to a combination of systems, services, and
    software, is utilized to maintain and control
    operational equipment and assets. EAM is designed
    to optimize the quality and usage of assets along
    their lifespan, lower operational costs, and
    bolster productive uptime.
  • Recently, key industry players have been
    implementing strategic initiatives to enhance
    their market presence, which has positively
    influenced overall business growth. For instance,
    in October 2021, Infor, a major company in the
    EAM space, launched a dedicated multi-tenant
    cloud offering, dubbed Infor Public Sector, in
    the UK. Infor Public Sector aims to keep the
    central and local governments as well as
    arms-length bodies updated with the latest
    software releases to offer secure, robust, and
    easily managed services.
  • Under component, the solution segment has been
    categorized into inventory management, asset
    lifecycle management, facility management, labor
    management, predictive maintenance, and work
    order management. The work order management
    solution segment held a market share of about
    9.2 in 2020 and is estimated to grow at a steady
    pace over 2021-2027 due to the increasing need
    for managing business operations.

3
  • The labor management segment is projected to
    expand at a CAGR of above 10 through the
    assessment timeframe. High product adoption for
    reducing labor costs while decreasing employee
    attrition by rewarding efficiency, quality, and
    safety is set to push segmental growth in the
    coming years. In 2020, the facility management
    segment was valued at over USD 500 million in
    revenue and is calculated to see strong
    development through 2027 driven by growing
    investments in the tourism sector.
  • The service component segment has been divided
    into managed services and professional services.
    The professional services segment is anticipated
    to see substantial growth at approximately 5
    CAGR through the analysis period. Surging
    adoption of Software-as-a-Service (SaaS) or
    Platform-as-a-Service (PaaS) is likely to support
    the growth of the segment in the forthcoming
    years.
  • The managed services segment held a market share
    of about 30 in 2020 and is expected to progress
    at a substantial pace over 2021-2027. Mounting
    demand for consultation, deployment, integration,
    and maintenance services is foreseen to
    facilitate segmental development over the study
    timeline.
  • From the application perspective, the enterprise
    asset management market has been classified into
    non-linear assets, linear assets, field service
    management, and asset maintenance, repair and
    operations (MRO). The non-linear assets segment
    is calculated to observe robust growth by 2027,
    delivering a CAGR nearly 10 through the review
    period, due to soaring product utilization for
    the management of asset locations, historical
    information, workflow, and approvals.

4
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5
  • Regional Analysis
  • Latin America enterprise asset management
    industry is calculated to expand significantly at
    a CAGR of approximately 5 to reach a sizable
    valuation by the end of 2027. The growing trade
    industry in LATAM is expected to foster product
    outlook in the region.
  • Middle East Africa region accounted for more
    than 5 of the global enterprise asset management
    market in terms of revenue in 2020 and is
    speculated to see considerable growth through
    2027. Rising penetration of growing start-ups
    across the MEA region is slated to bolster
    regional market expansion over the forecast
    period.
  • Competitive Analysis
  • Some of the key players operating in the EAM
    market are ABB Ltd., Aptean, AssetInfinity, Asset
    Panda, LLC, AssetWorks, LLC, AVEVA Group Plc, CGI
    Group Inc., Cheqroom NV, eMaint (Fluke
    Corporation), Ezmaintain.com, EZOfficeInventory,
    Fleetio (Rarestep, Inc.), IBM Corporation, IFS
    AB, Infor, Intelligent Process Solutions (IPS),
    KloudGin, Inc., Maintenance Connection Inc.,
    Oracle Corporation, Ramco Systems Ltd., RCS Tech
    LLP, SAP SE, Ultimo Software Solutions BV, and
    UpKeep Technologies, Inc.

6
Latest Research Report On Enterprise Asset
Management Market _at_ https//www.gminsights.com/ind
ustry-analysis/enterprise-asset-management-market
Request for a Sample Copy of this Report _at_
https//www.gminsights.com/request-sample/detail/5
149
Request for customization _at_ https//www.gminsights
.com/roc/5149
7
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