Vancouver, WA -- (SBWIRE) -- 11/05/2019 -- According to BlueWeave Consulting, the Global Enterprise Asset Management Market is projected to grow at a significantly steady rate during the forecast period. The global enterprise asset management market size is expected to grow from USD billion in 2019 to USD billion by the year 2025, at a CAGR of over10.0% from 2019 to 2025.

The global enterprise asset management market is growing owing to various factors. The EAM market is growing at a steady rate, as the organizations are highly focussing on maximizing the efficiency of equipment and assets through the help of various advanced technologies.

Enterprises require EAM for the management of assets, structures, machines, IT, and other venture resources. Return on assets (ROA) indicates how gainful an organization's advantages are in creating income. EAM offers proper management of assets that forestalls the glitch of machines or hardware and in this way, lessens machine downtime. One of the open doors for the development of players working in the enterprise asset management market lies in the mix of AI and drone-based asset management. Computer-based intelligence is utilized to improve information dealing with wherein information can be broke down from the records which can empower mid-level administration to settle on better and attach the basic leadership process.

Further, drone-based asset management helps in the accumulation of data from spots that are out of human reach. The gathered data provided to the framework for further forms. For example, drone-based asset management can be utilized in offshore oil drilling platforms, oil refineries, bridges, airplanes, railroad beds, and cargo ships.

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Global Enterprise Asset Management Market: Competitive Insight

The major players in the global enterprise asset management market includes companies like CGI (Canada), IPS (Germany), Maintenance Connection (US), AVEVA (UK), AssetWorks (US), RFgen (US), eMaint (US), UpKeep (US), Ultimo Software Solutions (UK), IBM (US), Oracle (US), IFS (Sweden), SAP (Germany), Infor (US), ABB (Switzerland), and Aptean (US). These major players have adopted various inorganic and organic growth strategies, such as partnerships and collaborations, new product launches, acquisitions, and mergers, to expand their worldwide presence in the global EAM market further.

SMEs segment is expected to hold a major share in the global enterprise asset management market

Given association size, the EAM market portioned into small and medium-sized enterprises (SMEs) and large enterprises. The SMEs portion is required to develop at a higher rate during the conjecture time frame when contrasted with the enormous ventures' section. SMEs can use mobility-based low-cost EAM solutions for staying focused on the market. Also, SMEs having less budgetary strength when contrasted with enormous undertakings will require extra help from enterprise asset management solutions providers to augment the usage of their assets.

North American section holds a significant share in the global enterprise asset management market

North America is anticipated to hold the biggest market size in the worldwide EAM world, while Asia Pacific (APAC) is relied upon to develop at the most astounding CAGR during the conjecture time frame. North America is relied upon to be the main area regarding embracing and creating EAM arrangements. The expanding request to stick to stringent administrative compliances, expanding the nearness of EAM sellers and developing government backing is a central point of the market development during the conjecture time frame. Overwhelming ventures made by private and open divisions for overseeing crucial resources and hardware, bringing about an expanded interest for EAM arrangements and administrations used to build the advantage life cycle and decrease in general upkeep cost is a central point energizing the development of the market in APAC.

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Key Target Audience:

- Market research and consulting firms
- Industry associations
- Enterprise Asset Management manufacturers
- Research organizations and consulting companies
- Organizations, associations and alliances related to Enterprise Asset Management market
- Regulatory bodies

The objective of the Study:

- To analyze and forecast the Global Enterprise Asset Management Market size of the market, in terms of value.
- To examine the careful market segmentation and forecast the market size, in terms value, based on the region by segmenting the Global Enterprise Asset Management Market into five regions, namely, North America, Europe, Asia Pacific, Middle East, South America and their leading countries.
- To outline, categorized and forecast the global Enterprise Asset Management Market based on the type and Application.
- To examine competitive developments like technological advancement, services, and regulative framework within the global Enterprise Asset Management Market.
- To highlight the impact analysis of the factors, affecting the market dynamics such as drivers, restraints, opportunities, and challenges.
- To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.

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Global Enterprise Asset Management Market: Type Insight

The global enterprise asset management market is segmented on the basis of its component, enterprise size, deployment bases, industry type and regional demand.

- Based on its components, the market is classified into software, services, solutions.
- Based on its software section the market is divided into Field Service Management, Linear Assets, Non-Linear Assets, Repair, Assets Maintenance, and Operations.
- Again, based on its solutions, the market is divided into Logistics and Inventory, Planning and Forecasting, Network Field Operations, Procurement of Material, Asset Transfer and Retirement.
- Based on its services, the market is bifurcated into Managed and Professional. On the basis of its enterprise size, the market is divided into Small and Medium Enterprises, Large Enterprises.
- Based on its industry type, the market is segmented into Oil and Gas, Manufacturing, Healthcare, Transportation and Logistics, Energy and Utilities, Government.

By Region:

- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa

Business Questions answer by the report

- How will the market drivers, restraints and opportunities affect the market dynamics?
- What will be the market size in terms of value and volume and market statistics with a detailed classification?
- Which segment dominates the market or region and one will be the fastest growing and why?
- A comprehensive survey of the competitive landscape and the market participant players
- Analysis of strategy adopted by the key player and their impact on other players.

Customization Scope for the Client

Client satisfaction is our first and last priority and that's why BlueWeave Consulting offers customization according to Company's specific needs. The following customization options are available for the report:
Additional Company Information

- With five additional company detail analysis
- Additional country analysis
- Detailed segment analysis

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