The Global Enterprise Asset Management Market Size is valued at USD 4.61 billion in 2023 and is predicted to reach USD 9.22 billion by the year 2031 at a 9.4% CAGR during the forecast period for 2024-2031.
Enterprise asset management includes services that help companies keep track of their real assets and improve the way they make things. These kinds of services improve asset performance, cut down on downtime, and make operations more efficient. The growing requirement for optimizing assets is fueled by enterprises’ demand to enhance operational efficiency while decreasing maintenance expenses. The expansion of sectors like energy, utilities, and manufacturing, as well as rising environmental initiatives and regulatory compliance requirements, are further factors driving market growth.
In addition, the market is anticipated to be pushed up by increased government investments in research and development to optimize better global enterprise asset management service processes. The biggest companies in this market also offer cutting-edge enterprise asset management services that make operations more sustainable and efficient by improving asset performance, making sure they follow all the rules, and using IoT and cloud computing to set up predictive maintenance plans.
However, the market expansion is hindered by obstacles such as high costs, shortage of expertise, and problems with regulation and compliance. Several variables can hinder adoption in this market. In addition, COVID-19 hastened the adoption of digital solutions in the worldwide enterprise asset management market. Companies worked hard to cut costs, improve operational efficiency, remote tracking, and predictive maintenance, and make sure their businesses would keep running even when there were problems or fewer workers were available. In the next few years, global markets grew because more people were interested in preventive maintenance and worried about how it would affect the environment.
The enterprise asset management market is categorized based on Offering, application, organization size, deployment mode and end-user. The Offering segment includes Solutions, Services (Professional Services, Planning and Consulting, Training and Education, Support and Maintenance), and Managed Services. The application segment comprises asset lifecycle management, inventory management, work order management, labor management, predictive maintenance, facility management, and others. By end-users, the market is segmented into manufacturing, energy and utilities, healthcare and life sciences, transportation and logistics, telecom, government and public sector, education, and others.The Organization Size segment comprises Large Enterprises, SMEs. At last, the Deployment Mode segment includes Cloud, On-Premises.
Predictive maintenance in the global enterprise asset management market is expected to lead with a signigicant global market share because it reduces downtime, improves asset performance, and lowers the cost of upkeep. Additionally, using cutting-edge technologies like IoT and AI, predictive maintenance allows for real-time tracking, early problem detection, and proactive maintenance, which makes businesses more efficient overall.
The energy & utilities segment is projected to grow rapidly in the global enterprise asset management market because of the growing importance of effective asset monitoring, meeting regulatory requirements, and achieving sustainability objectives. Additionally, enterprise asset management performance optimization, operational cost reduction, and reliability assurance are all growing by enterprise asset management solutions as the industry tackles aging infrastructure and increasing energy demands. Renewable energy and smart grid initiatives are pushing enterprise asset management use in this industry even further.
The North American global enterprise asset management market is expected to note the highest market share in the near future due to a number of factors, including strong regulatory frameworks, a greater emphasis on sustainability, and a high demand for asset optimization in sectors including manufacturing, energy, and utilities also contribute to the expansion of the market. In addition, Europe is projected to expand rapidly in the global enterprise asset management market because of the growing use of advanced technology, industrialization, and infrastructure development. Moreover, efficient asset management, regulatory compliance, and rising sustainability these factors are growing demands in the industrial, energy, and utilities sectors.
| Report Attribute | Specifications |
| Market Size Value In 2023 | USD 4.61 Bn |
| Revenue Forecast In 2031 | USD 9.22 Bn |
| Growth Rate CAGR | CAGR of 9.4% from 2024 to 2031 |
| Quantitative Units | Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
| Historic Year | 2019 to 2023 |
| Forecast Year | 2024-2031 |
| Report Coverage | The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
| Segments Covered | By Offering, Application, Organization Size, Deployment Mode And End-User |
| Regional Scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country Scope | U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
| Competitive Landscape | IBM, SAP, Oracle, Hexagon, IFS, Hitachi Energy, IPS Intelligent Process Solutions, Accruent, Aveva, Aptean, Emaint, CGI, Upkeep, Assetworks, and Ramco Systems. |
| Customization Scope | Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
| Pricing And Available Payment Methods | Explore pricing alternatives that are customized to your particular study requirements. |
Global Enterprise Asset Management Market By Offering-
Global Enterprise Asset Management Market By Application-
Global Enterprise Asset Management Market By End-User-
Global Enterprise Asset Management Market By Organization Size
Global Enterprise Asset Management Market By Deployment Mode-
Global Enterprise Asset Management Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Enterprise Asset Management Market Snapshot
Chapter 4. Global Enterprise Asset Management Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Porter's Five Forces Analysis
4.7. Incremental Opportunity Analysis (US$ MN), 2024-2031
4.8. Global Enterprise Asset Management Market Penetration & Growth Prospect Mapping (US$ Mn), 2023-2031
4.9. Competitive Landscape & Market Share Analysis, By Key Player (2023)
4.10. Use/impact of AI on Enterprise Asset Management Industry Trends
Chapter 5. Enterprise Asset Management Market Segmentation 1: By Offering, Estimates & Trend Analysis
5.1. Market Share by Offering, 2023 & 2031
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following Offering:
5.2.1. Solutions
5.2.2. Services
5.2.2.1. Professional services
5.2.2.1.1. Planning & Consulting
5.2.2.1.2. Training & Education
5.2.2.1.3. Support & Maintenance
5.2.2.2. Managed Services
Chapter 6. Enterprise Asset Management Market Segmentation 2: By Application, Estimates & Trend Analysis
6.1. Market Share by Application, 2023 & 2031
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following Applications:
6.2.1. Asset Lifecycle Management
6.2.2. Inventory Management
6.2.3. Work order Management
6.2.4. Labour Management
6.2.5. Facility Management
6.2.6. Others
Chapter 7. Enterprise Asset Management Market Segmentation 3: By Deployment Model, Estimates & Trend Analysis
7.1. Market Share by Deployment Model, 2023 & 2031
7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following Deployment Model:
7.2.1. Cloud
7.2.2. On-premises
Chapter 8. Enterprise Asset Management Market Segmentation 4: By Organization Size, Estimates & Trend Analysis
8.1. Market Share by Organization Size, 2023 & 2031
8.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following Organization Size:
8.2.1. Large Enterprises
8.2.2. SMEs
Chapter 9. Enterprise Asset Management Market Segmentation 5: By End User, Estimates & Trend Analysis
9.1. Market Share by End User, 2023 & 2031
9.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following End User:
9.2.1. Manufacturing
9.2.2. Energy & Utilities
9.2.3. Healthcare & Life Sciences
9.2.4. Transportation & Logistics
9.2.5. Telecom
9.2.6. Government & Public Sector
9.2.7. Education
9.2.8. Others
Chapter 10. Enterprise Asset Management Market Segmentation 6: Regional Estimates & Trend Analysis
10.1. Global Enterprise Asset Management Market, Regional Snapshot 2023 & 2031
10.2. North America
10.2.1. North America Enterprise Asset Management Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031
10.2.1.1. US
10.2.1.2. Canada
10.2.2. North America Enterprise Asset Management Market Revenue (US$ Million) Estimates and Forecasts by Offering, 2024-2031
10.2.3. North America Enterprise Asset Management Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
10.2.4. North America Enterprise Asset Management Market Revenue (US$ Million) Estimates and Forecasts by Deployment Model, 2024-2031
10.2.5. North America Enterprise Asset Management Market Revenue (US$ Million) Estimates and Forecasts by Organization Size, 2024-2031
10.2.6. North America Enterprise Asset Management Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
10.3. Europe
10.3.1. Europe Enterprise Asset Management Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031
10.3.1.1. Germany
10.3.1.2. U.K.
10.3.1.3. France
10.3.1.4. Italy
10.3.1.5. Spain
10.3.1.6. Rest of Europe
10.3.2. Europe Enterprise Asset Management Market Revenue (US$ Million) Estimates and Forecasts by Offering, 2024-2031
10.3.3. Europe Enterprise Asset Management Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
10.3.4. Europe Enterprise Asset Management Market Revenue (US$ Million) Estimates and Forecasts by Deployment Model, 2024-2031
10.3.5. Europe Enterprise Asset Management Market Revenue (US$ Million) Estimates and Forecasts by Organization Size, 2024-2031
10.3.6. Europe Enterprise Asset Management Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
10.4. Asia Pacific
10.4.1. Asia Pacific Enterprise Asset Management Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031
10.4.1.1. India
10.4.1.2. China
10.4.1.3. Japan
10.4.1.4. Australia
10.4.1.5. South Korea
10.4.1.6. Hong Kong
10.4.1.7. Southeast Asia
10.4.1.8. Rest of Asia Pacific
10.4.2. Asia Pacific Enterprise Asset Management Market Revenue (US$ Million) Estimates and Forecasts by Offering, 2024-2031
10.4.3. Asia Pacific Enterprise Asset Management Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
10.4.4. Asia Pacific Enterprise Asset Management Market Revenue (US$ Million) Estimates and Forecasts by Deployment Model, 2024-2031
10.4.5. Asia Pacific Enterprise Asset Management Market Revenue (US$ Million) Estimates and Forecasts By Organization Size, 2024-2031
10.4.6. Asia Pacific Enterprise Asset Management Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
10.5. Latin America
10.5.1. Latin America Enterprise Asset Management Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031
10.5.1.1. Brazil
10.5.1.2. Mexico
10.5.1.3. Rest of Latin America
10.5.2. Latin America Enterprise Asset Management Market Revenue (US$ Million) Estimates and Forecasts by Offering, 2024-2031
10.5.3. Latin America Enterprise Asset Management Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
10.5.4. Latin America Enterprise Asset Management Market Revenue (US$ Million) Estimates and Forecasts by Deployment Model, 2024-2031
10.5.5. Latin America Enterprise Asset Management Market Revenue (US$ Million) Estimates and Forecasts by Organization Size, 2024-2031
10.5.6. Latin America Enterprise Asset Management Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
10.6. Middle East & Africa
10.6.1. Middle East & Africa Enterprise Asset Management Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
10.6.1.1. GCC Countries
10.6.1.2. Israel
10.6.1.3. South Africa
10.6.1.4. Rest of Middle East and Africa
10.6.2. Middle East & Africa Enterprise Asset Management Market Revenue (US$ Million) Estimates and Forecasts by Offering, 2024-2031
10.6.3. Middle East & Africa Enterprise Asset Management Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
10.6.4. Middle East & Africa Enterprise Asset Management Market Revenue (US$ Million) Estimates and Forecasts by Deployment Model, 2024-2031
10.6.5. Middle East & Africa Enterprise Asset Management Market Revenue (US$ Million) Estimates and Forecasts by Organization Size, 2024-2031
10.6.6. Middle East & Africa Enterprise Asset Management Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
Chapter 11. Competitive Landscape
11.1. Major Mergers and Acquisitions/Strategic Alliances
11.2. Company Profiles
11.2.1. International Business Machines Corporation (IBM)
11.2.1.1. Business Overview
11.2.1.2. Key Product/Service Offerings
11.2.1.3. Financial Performance
11.2.1.4. Geographical Presence
11.2.1.5. Recent Developments with Business Strategy
11.2.2. SAP SE
11.2.3. Oracle Corporation
11.2.4. Hexagon AB
11.2.5. IFS AB
11.2.6. Hitachi Energy Ltd.
11.2.7. IPS Intelligent Process Solutions GmbH
11.2.8. Accruent, LLC
11.2.9. Aveva Group plc
11.2.10. Aptean, Inc.
11.2.11. Emaint Enterprises, LLC
11.2.12. CGI Inc.
11.2.13. UpKeep Technologies, Inc.
11.2.14. AssetWorks LLC
11.2.15. Ramco Systems Limited
11.2.16. Other Prominent Players