Business

Enterprise asset management software Market Analysis- Size, Share, Growth, Industry Demand, Forecast, Application Analysis To 2018


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Enterprise asset management is basically the process of managing the lifecycle of physical assets to maximize their use, save money, improve quality & efficiency, and safeguard health, safety and the environment. Also, enterprise asset management are mostly used in industries that heavily rely on expensive and complex physical assets such as vehicles, plants and heavy equipment. For instance, prominent users include oil and gas, shipbuilding, mining, energy, government, utility, and aerospace and defense industries. Enterprise asset management can be handled on paper as well as desktop.

The different segment of Enterprise asset management software market are component, deployment type, organization size, end-user and region.

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Market segmented on the basis of end-users (Government, Oil & Gas, Healthcare, Transportation & Logistics, Manufacturing, and Energy & Utilities):

Government accounted for the largest market share majorly due to the various public assets of municipal authorities and government need to be managed proficiently for regular functioning of the society. For instance, public assets include manholes, meters, buildings, facilities, equipment, vehicles and railway tracks among others. Also, in the government industry, enterprise asset management software helps in work management, asset valuation, risk management, preventive maintenance, and condition analysis. Therefore, enterprise asset management software plays an important role in the government industry.

Market segmented on the basis of organization size (Small and Medium sized enterprises, Large): 

The large enterprises segment is expected to have the larger market size during the forecast period. Large enterprises are highly focused on data security and data security compliances. SMEs segment is expected to grow at the highest CAGR in the enterprise asset management market over the forecast period. For instance, organizations with an employee strength between 100 and 1,000 are categorized under SMEs. Also, small and medium sized enterprises are rapidly adopting EAM software due to the need of domain-specific technical personnel and skilled workforce.

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Market segmented on the basis of region (North America, Europe, Asia-Pacific and Rest of the world):

North America held the largest share majorly due to the presence of various developed economies.  The increasing EAM solutions for government and manufacturing industries in US and Canada are boosting the growth of the market. The reasons are attributed to the stable economy, technological advancements and infrastructure demands.

APAC is expected to grow at the fastest growth rate during the forecast period, due to the presence of large number of colocation data centers that are supporting the growth of the enterprise asset management software market in this region.

The major market players of the global Enterprise asset management software market are: 

ABB Ltd, CGI Group Inc, Dude Solutions, Inc., eMaint, International Business Machines (IBM) Corporation, IFS AB, Infor, Oracle Corporation, Ramco Systems, SAP SE, Schneider Electric SA, Vesta Partners, LLC and others.

These companies using various strategies such as merger & acquisition, collaboration, partnership and product launch. Whereas, merger & acquisition is the key strategy adopted by the companies in the market.

The factors contributing to the growth of the enterprise asset management software market include increased asset life of aging infrastructure, reduced maintenance and procurement costs, increased tracking ability of assets in an organization and improved Roa.

Table of Contents: 

  1. Research Methodology & Scope
    1.1. Scope of the Study
    1.1.1. Research Objectives
    1.1.2. Assumptions & Limitations
    1.2. Research Process
    1.2.1. Primary Process
    1.2.2. Secondary Process
    1.2.3. Forecast Model

    2. Introduction
    2.1. Market Definition
    2.2. Recent Developments

    3. Executive Summary

    4. Market Factor Analysis
    4.1. Growth Potential Analysis
    4.2. Porter’s Five Forces Analysis
    4.3. Value/Supply Chain Analysis
    4.4. PESTEL Analysis 

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Report Bazzar

Tushar Desale

Reportbazzar.com is your trusted source for the most inclusive and informative assortment of market research reports designed to empower you with the latest in industry information that translates to time and cost savings for your business. We not only help you give wing to your latent business ideas but also facilitate you in taking the best informed and strategic decisions that guarantee success in your most promising business endeavors. Our intelligence database comprises of vast arrays of strategically analyzed and high-level market research reports that encompass all major industries worldwide. All the specialized research reports available at Reportbazzar.com are tailor-made to suit your every business need, no matter how diverse or demanding it is.