Enterprise Asset Management Market by Software Applications (Linear Assets, Non-Linear Assets, Field Service Management, Assets MRO) by Services (Implementation, Managed Services, Training & Support) - Worldwide Forecasts and Analysis (2014-2019)
Enterprise Asset Management (EAM) is designed to facilitate the ease in management of assets for enterprise across various services, business units, departments, and geographical locations. With EAM, organizations can integrate, control and optimize the asset life cycles, which mainly include designing, maintenance of operations, replacement requirements and management. This solution allows organizations to manage physical assets and infrastructure, digital assets (electronic media and content), IT services, fixed assets along with emerging assets. This holistic control of assets is creating a surge of for EAM software and solutions. Enterprise asset management market solutions these days have evolved a lot these days due to its growing functionalities such as tracking and locating using geographic information system (GIS) along with energy management and compliance management.
With considerable growth in technology, enterprise asset management is now accessible from mobile device. EAM software and solutions these days are designed to offer mobility along with flexibility in work environment to gain control virtually from anywhere. EAM is designed to maximize return on assets (ROA) for manufacturing and similarly for industries with high-value equipment. In general, EAM reduces risks and costs which in turn support better decision making for assets. In recent developments, EAM is also effective in complying with required regulations irrespective of the industry type. With the implementation of EAM in the organization, management can expect more responsive assets with improved efficiency. EAM software and solutions these days are capable to handle complex activities from maintenance scheduling to risk management. The compatibility with major platforms and the provision of multi-tasking from a single interface makes EAM a major necessity for the organizations. The enterprise asset management market scenario is a substantial one with major acquisitions such as ABB acquired Ventyx, CGI acquired Logica PLC, Fujitsu acquired GlobeRanger, and Assetworks acquiring Mentor Engineering. This is evident enough to portray that the market players have considerable interest to build market share in this space.
This report analyzes global adoption trends, future growth potential, key drivers, restraints, opportunities, and best practices in the enterprise asset management (EAM) market. The report also examines growth potential market sizes and revenue forecasts across different regions as well as industry verticals.
Enterprise Asset Management (EAM) is a broad study of the global market and forecasts the market sizes and trends in the following sub-segments.
On the basis of software application:
Linear Assets
Non-Linear Assets
Field Service Management
Assets MRO
On the basis of services:
Implementation
Training and Support
Managed Services
On the basis of user type:
SMBs
Large Enterprises
On the basis of industry verticals:
Government and Utilities
Oil and Gas
Manufacturing
Healthcare
Transportation
Others
On the basis of regions:
North America (NA)
Europe (EU)
Asia Pacific (APAC)
Middle East and Africa (MEA)
Latin America (LA)
Source : marketsandmarkets.com
Enterprise Asset Management (EAM) is designed to facilitate the ease in management of assets for enterprise across various services, business units, departments, and geographical locations. With EAM, organizations can integrate, control and optimize the asset life cycles, which mainly include designing, maintenance of operations, replacement requirements and management. This solution allows organizations to manage physical assets and infrastructure, digital assets (electronic media and content), IT services, fixed assets along with emerging assets. This holistic control of assets is creating a surge of for EAM software and solutions. Enterprise asset management market solutions these days have evolved a lot these days due to its growing functionalities such as tracking and locating using geographic information system (GIS) along with energy management and compliance management.
With considerable growth in technology, enterprise asset management is now accessible from mobile device. EAM software and solutions these days are designed to offer mobility along with flexibility in work environment to gain control virtually from anywhere. EAM is designed to maximize return on assets (ROA) for manufacturing and similarly for industries with high-value equipment. In general, EAM reduces risks and costs which in turn support better decision making for assets. In recent developments, EAM is also effective in complying with required regulations irrespective of the industry type. With the implementation of EAM in the organization, management can expect more responsive assets with improved efficiency. EAM software and solutions these days are capable to handle complex activities from maintenance scheduling to risk management. The compatibility with major platforms and the provision of multi-tasking from a single interface makes EAM a major necessity for the organizations. The enterprise asset management market scenario is a substantial one with major acquisitions such as ABB acquired Ventyx, CGI acquired Logica PLC, Fujitsu acquired GlobeRanger, and Assetworks acquiring Mentor Engineering. This is evident enough to portray that the market players have considerable interest to build market share in this space.
This report analyzes global adoption trends, future growth potential, key drivers, restraints, opportunities, and best practices in the enterprise asset management (EAM) market. The report also examines growth potential market sizes and revenue forecasts across different regions as well as industry verticals.
Enterprise Asset Management (EAM) is a broad study of the global market and forecasts the market sizes and trends in the following sub-segments.
On the basis of software application:
Linear Assets
Non-Linear Assets
Field Service Management
Assets MRO
On the basis of services:
Implementation
Training and Support
Managed Services
On the basis of user type:
SMBs
Large Enterprises
On the basis of industry verticals:
Government and Utilities
Oil and Gas
Manufacturing
Healthcare
Transportation
Others
On the basis of regions:
North America (NA)
Europe (EU)
Asia Pacific (APAC)
Middle East and Africa (MEA)
Latin America (LA)
Source : marketsandmarkets.com
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