Newly Released Insights in to the Enterprise Asset Management Market Trends, Industry Overview, Growth and Forecast 2024-2030
MarkNtel Advisors latest report titled Enterprise Asset Management Market Report by Enterprise Asset Management Market Report –Analysis, Scope, Trends, Forecast 2024-2030 indicates that 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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Enterprise Asset
Management Market Segmentation:
-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)
What are the key
regions in the Enterprise Asset Management market?
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
Explore the Complete Enterprise
Asset Management Market Analysis Report – https://www.marknteladvisors.com/research-library/enterprise-asset-management-market.html
Who are the leading
key players shaping the Enterprise Asset Management Market landscape?
IBM, SAP, Oracle, Hexagon, IFS, Hitachi Energy, IPS
Intelligent Process Solutions, Accruent, Aveva, Aptean, Emaint, CGI, Upkeep,
Assetworks, Ramco Systems, and Others
Questions Addressed
in this Study
1.What factors are driving the Enterprise Asset Management
Market growth?
2.How is the Enterprise Asset Management Market expected to
grow over the next five years?
3.What are the key insights into the current trends in the Enterprise
Asset Management Market?
4.What is the current size of the Enterprise Asset
Management Market, and how is it projected to change in the future?
6.What is the future outlook for the Enterprise Asset
Management Market in terms of technological advancements and market expansion?
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Advisors?
MarkNtel Advisors is a leading research, consulting, &
data analytics firm that provides an extensive range of strategic reports on
diverse industry verticals. We deliver data to a substantial & varied
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governments, & individuals, among others.
Our specialization in niche industries & emerging
geographies allows our clients to formulate their strategies in a much more
informed way and entail parameters like Go-to-Market (GTM), product
development, feasibility analysis, project scoping, market segmentation,
competitive benchmarking, market sizing & forecasting, & trend
analysis, among others, for 15 diverse industrial verticals.
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