Enterprise Asset Management Market: A Breakdown of the Industry by Technology, Application, and Geography

 The global Enterprise Asset Management (EAM) market size was USD 4.20 Billion in 2022 and is expected to register a rapid revenue CAGR of 10.4% during the forecast period. Rapid advancement of various innovative technologies, such as Artificial Intelligence (AI), Internet of Things (IoT), and data analytics, rising demand for asset optimization and adequate focus on asset lifecycle management, and increasing preference from traditional asset management to advanced asset management methods are key factors driving market revenue growth.

Some of the key factors driving the growth of the global Enterprise Asset Management market include expanding R&D efforts to develop novel Enterprise Asset Management products for a variety of applications and rising demand for mercury control technology for industrial air purification. The most recent data on the COVID-19 pandemic market condition is provided in the research. The investigation indicates that COVID-19 plays a vital role in the market's dynamically altered environment. The study carefully investigates how the pandemic has altered market dynamics and trends while also precisely analysing how the crisis has impacted the market as a whole.

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Effect of COVID-19 on the global market for Enterprise Asset Management

The COVID-19 pandemic had a significant negative influence on the market for Enterprise Asset Management in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Enterprise Asset Management were significantly impacted by federal and national safety and legal orders. The majority of businesses have been impacted by the COVID-19 pandemic. Mandates for business closures, restricted municipal and state government office activities, and social conventions of distance had an impact on the production of Enterprise Asset Management in 2020. Additionally, demand for Enterprise Asset Management decreased across a range of end-use sectors. The pandemic epidemic also resulted in a decline in global investments in the water sector.

Enterprise Asset Management market : Competitive Landscape

The prominent players operating in the Enterprise Asset Management market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Enterprise Asset Management market .

Some of the prominent players operating in the market are:

IBM, eMaint, Infor, SAP, Oracle, Rockwell Automation Inc., IFS, Hitachi Ltd., Upkeep Technologies Inc., and Ramco Systems

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The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.

Key questions answered in the report:

What will be the development pace of Enterprise Asset Management market ?

What are the key factors driving the Global Enterprise Asset Management market ?

Who are the key manufacturers in the market space?

What are the openings, hazards, and outline of the market?

What is sales, revenue, and price analysis of top manufacturers of Enterprise Asset Management market ?

Who are the distributors, traders, and dealers of Enterprise Asset Management market ?

What are the Enterprise Asset Management market opportunities and threats faced by the vendors in the Global Enterprise Asset Management industries?

What are deals, incomes, and value examinations by types and utilizations of the market?

What are deals, income, and value examinations by areas of enterprises?

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Segments Covered in this report are:

  • Type Outlook (Revenue, USD Billion; 2019-2032)

    • Linear assets
    • Non-linear assets
    • Field service management
    • Others

  • Organization Size Outlook (Revenue, USD Billion; 2019-2032)

    • Small and Medium-Sized Enterprises (SMEs)
    • Large scale enterprises

  • Industry Vertical Outlook (Revenue, USD Billion; 2019-2032)

    • Government
    • Information Technology (IT)
    • Transportation
    • Manufacturing
    • Healthcare
    • Others

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Regional Bifurcation of the Enterprise Asset Management market Includes:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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