The Global Enterprise Asset Management (EAM) Market size is expected to grow from USD 4.88 billion in 2022 to USD 10.77 billion by 2030, at a CAGR of 10.4 % during the forecast period (2023-2030).

Enterprise Asset Management systems emerged in the 1980s as an extension of the Computerized Maintenance Management Systems (CMMS). Enterprise asset management (EAM) systems were designed to substitute manual maintenance systems, and also to satisfy a need to establish robust asset management procedures as the number of assets utilized by enterprises grew. Enterprise asset management (EAM) is a critical business area for any large enterprise that depends on physical assets for production. Furthermore, Enterprise asset management (EAM) refers to a set of tools, software, and practices including Enterprise asset management (EAM) software, that allows organizations to operate productive facility management.

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Top Company Profiles Included in the Enterprise Asset Management (EAM) market are :

ABB (Switzerland), CGI Inc. (Canada), Dude Solutions Inc. (US), eMaint Enterprises LLC (US), IBM Corporation (US), IFS AB (Sweden), Infor (US), Oracle Corporation (US), Ramco Systems Ltd. (Chennai), SAP SE (Germany), Schneider Electric SA (France), IPS (Germany), Accruent (US), AVEVA Group plc (UK), Aptean (US), Professional Datasolutions Inc (US), AssetWorks LLC (US), Ultimo Software Solutions Inc (US), EZOfficeInventory (US), AssetInfinity (India), InnoMaint Software (India), Aladinme (UAE), Limble (US), Redlist (US), TrackX (US), Cheqroom (Belgium), The Asset Guardian (Canada), GoCodes (US), Fleetio (US), Upkeep Maintenance Management (US) and other major players

Enterprise Asset Management investigates the market in-depth and offers a comprehensive analysis of the major growth determinants, Enterprise Asset Management share, current trends, key players, and their future predictions. In addition, market demand and supply, each geographical region's growth rate, and market potential are all included in the global Enterprise Asset Management study. Raw materials, marketing channels, client surveys, industry trends and proposals, CAGR status, product scope, Enterprise Asset Management trends, major leading countries/regions, market risk, and market driving force are all included in the market research. The market prediction was based on a thorough market investigation completed by several industry experts.

Segmentation Analysis of the Enterprise Asset Management Market :

The goal of segmentation is to better understand and target the unique needs, preferences, and behaviors of different customer groups. By tailoring products, services, and marketing efforts to these segments, businesses can improve their marketing effectiveness and customer satisfaction. There are several common types of segmentation, including:

By Component          

·         Solutions

·         Services

By Deployment Type

·         Cloud-Based

·         On-Premise

·         By Enterprise Size       Large Enterprises

·         SMEs

By End Users   Energy & Utilities

·         Chemicals

·         Petroleum & Mining

·         Manufacturing

·         Others

Market share data Market Segment by Regions and Countries Level Analysis:

§  North America (U.S., Canada, Mexico)

§  Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

§  Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

§  Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

§  Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)

§  South America (Brazil, Argentina, Rest of SA)

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COVID-19 Impact on Enterprise Asset Management (EAM) Market:

The outbreak of COVID-19 in 2020 resulted in a worldwide shutdown of various industries. Various restrictions were imposed by governments of several countries to curb the spread of the virus. With the rise in COVID-19 patients, some companies changed their priorities owing to market conditions compelling some companies to change asset strategies from maximizing asset utilization to cost control. The change in priorities of companies was managed by simple adjustment within Enterprise asset management, thus Enterprise asset management (EAM) proved to be beneficial to companies during the pandemic. Furthermore, Supply Chain Management teams have been utilizing the inventory management services within Enterprise asset management (EAM) to prepare for the COVID-19 pandemic. Additionally, when the virus, rapidly spread in the countries where operatives of some companies were based, they had full, up-to-the-minute visibility and control of their PPE stock levels.  The procurement workflows within the Enterprise asset management (EAM) system ensure that all stock levels are carefully monitored, and new equipment is ordered as necessary, recognizing order lead times and transit to (often remote) sites. Enterprise asset management (EAM) enabled enterprises to maintain a full log of COVID-19-related work completed such as risk assessment site visits, cleaning, decontamination, staff testing and results, and immunization records. During the pandemic it was necessary, at times, to decrease the frequency that, individuals are rotated on remote sites. Shift patterns, therefore, needed to be interchanged so that those on-site are given enough rest. The impact of change in shift pattern on the current workload and work plans can be analyzed and adjusted accordingly within the system with the help of Enterprise asset management. To summarize, Enterprise asset management (EAM)has helped various enterprises to solve the issues aroused due to the COVID-19 pandemic, the pandemic supported the Enterprise asset management (EAM) market growth.

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·         2022 Updated Regional Analysis with Graphical Representation of Size,

·         Share & Trends

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·         Sales Volume, and Revenue Analysis

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