Enterprise Asset Management Market Statistics, Development and Growth 2030 - PowerPoint PPT Presentation

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Enterprise Asset Management Market Statistics, Development and Growth 2030

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One of the prime factors aiding the enterprise asset management market is the surging need for the reduction of procurement and maintenance expenses. – PowerPoint PPT presentation

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Title: Enterprise Asset Management Market Statistics, Development and Growth 2030


1
2022
Enterprise Asset Management Market Opportunities,
Companies and Trends in Coming Years
2
Factors such as the surging deployment of
enterprise asset management (EAM) solutions for
effective utilization of assets, increasing need
for the reduction of procurement and maintenance
expenses, improved return on assets (ROA),
growing internet of things (IoT) sector, rising
number of construction projects, and mounting
alertness regarding predictive analytics among
large enterprises are expected to drive the
enterprise asset management market in the
foreseeable period (20202030) at a CAGR of
14.2. According to PS Intelligence, the market
size stood at 5,682.1 million in 2020, which is
expected to reach 21,471.3 million in 2030.
One of the prime factors aiding the enterprise
asset management market is the surging need for
the reduction of procurement and maintenance
expenses. EAM can help in minimizing maintenance
costs by providing better information on capital
investment, closely tracking of operations, and
effectively controlling of equipment.
Furthermore, it can reduce operating costs by
mounting project return on investment (ROI),
minimizing procurement cost of materials, and
reducing maintenance cost. Further, the surging
need of enterprises to optimize their operation
costs by a significant number results in high
demand for EAM solutions.
3
The offering segment of the enterprise asset
management market is categorized into solution
and service. Between the two, the solution
category accounted for a larger market share in
2020. This is ascribed to the increasing need for
better ROI on assets, rising demand for effective
management of enterprise assets and resources,
mounting need for streamlined business
operations, and growing industries, such as
retail, manufacturing, telecommunications, and
healthcare. Whereas, the service category is
projected to record faster growth in the coming
years, owing to the increasing need for
professional and managed services from businesses
for smooth business operations. Moreover, on the
basis of vertical, the enterprise asset
management market is classified into energy and
utilities, healthcare and life sciences,
manufacturing, government and defense,
transportation and logistics, IT and telecom, oil
and gas, and others. Out of these, the healthcare
and life sciences category is expected to witness
the fastest growth in the coming years. This can
be ascribed to the high healthcare spending,
rapid utilization of advanced medical equipment,
increased focus on advanced patient care
management, improved performance monitoring, and
rise in need to accomplish compliance
procedures. Request to Get the Sample Report
https//www.psmarketresearch.com/market-analysis/e
nterprise-asset-management-market/report-sample
4
  • Geographically, the North American enterprise
    asset management market accounted for the largest
    share in 2020. This is ascribed to the existence
    of several market players, increase in adoption
    of EAM services and solutions in several
    industries, presence of a large number of end
    users, rise in need to meet strict regulatory
    compliances, and high public and private
    investments for better management of equipment
    and assets, in the region. Moreover, companies
    focusing on safeguarding supply chain management
    (SCM), asset utilization, and predictive
    utilization, to streamline business operations,
    are also driving the regional market growth.
  • Thus, the surging need for the reduction of
    procurement and maintenance expenses and the
    increasing deployment of EAM solutions for
    effective utilization of assets are expected to
    propel the market growth during the forecast
    period.
  • More Related Report
  • Retail Sourcing and Procurement Market Analysis,
    Emerging Trends, Key Players Future Scope
  • Retail E-Commerce Packaging Market Opportunities,
    Growth, Challenges, Business Trends and Forecast
    2030

5
  • Market Segmentation by Offering
  • Solution
  • Asset lifecycle management
  • Inventory management
  • Work order management
  • Labor management
  • Predictive maintenance
  • Facility management
  • Reporting and analytics
  • Service
  • Professional
  • Managed
  • Market Segmentation by Enterprise
  • Large Enterprises
  • Small and Medium Enterprises (SMEs)

6
  • Market Segmentation by Deployment
  • On-Premises
  • Cloud
  • Market Segmentation by Vertical
  • Energy and Utilities
  • Manufacturing
  • Healthcare and Life Sciences
  • Transportation and Logistics
  • Information Technology (IT) and Telecom
  • Government and Defense
  • Oil and Gas
  • Others (Retail and Metal and Mining)

7
  • Market Segmentation by Region
  • North America EAM Market
  • By offering
  • By enterprise
  • By deployment
  • By vertical
  • By country U.S. and Canada
  • U.S. EAM market
  • By vertical
  • Europe EAM Market
  • By offering
  • By enterprise
  • By deployment
  • By vertical
  • By country Germany, France, U.K., Italy, Spain,
    and Rest of Europe
  • U.K. EAM market
  • By vertical
  • Germany EAM market
  • By vertical

8
  • Asia-Pacific (APAC)
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Latin America (LATAM)
  • By offering
  • By enterprise
  • By deployment
  • By vertical
  • By country Brazil, Mexico, and Rest of LATAM
  • Middle East and Africa (MEA) EAM Market
  • By offering
  • By enterprise
  • By deployment
  • By vertical
  • By country Saudi Arabia, U.A.E., Turkey, South
    Africa, and Rest of MEA

9
This study covers 1. Historical and the present
size of the Enterprise Asset Management
Market 2. Historical and the present size of the
market segments and understand their comparative
future potential 3. Potential of on-demand
logistics services, so the market players make
informed decisions on the sales of their
offerings 4. Competitive scenario of various
market segments across key countries in several
regions for uncovering market opportunities for
the stakeholders 5. Major players operating in
the market and their service offerings
10
Disclaimer PS Intelligence always keeps its
customers interests at the core while carrying
out research activities. PS Intelligence ensures
the reliability and accuracy of information and
data provided in its market research
publications. However, the information in
publications is subject to fluctuations, as it is
based on primary interviews of officials from
various companies or organizations. PS
Intelligence is not responsible for any incorrect
data provided by the key industry players of the
concerned domain. the information or analysis in
PS Intelligence publications represents opinions
based on research and should not be interpreted
as statements of fact. Information in this report
was believed to be correct at the time of
publication, but cannot be guaranteed. PS
Intelligence does not endorse any product,
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