NEW YORK, July 15, 2019 (GLOBE NEWSWIRE) -- The global enterprise asset management (EAM) market is expected to grow at a CAGR of 13.3% during the forecast period with its market size predicted to reach USD 8.8 billion by 2024. The Increasing adoption of EAM for effective utilization of assets, and reduced maintenance and procurement expenses are the major factors leading to the high demand of EAM in the global market.

Get a free copy of sample report: https://www.vynzresearch.com/ict-media/enterprise-asset-management-eam-market/request-sample

Software category accounted for the largest revenue share in the enterprise asset management market

Based on component, the global enterprise asset management market is categorized into software, service, and solution, wherein software category accounted for largest share in 2018. The category is expected to lead throughout the forecast period owing to the mounting need for effective capital planning processes, asset maintenance, and operations.

Software category is further sub-segmented into linear assets, field service management, non-linear assets, assets maintenance, repair, and operations.

Service category is further sub-categorized into managed and professional.

Solution category is further sub-segmented into planning and forecasting, logistics and inventory, network field operations, asset transfer and retirement, procurement of material.

Explore key industry insights in 95 tables and 55 figures from the 181 pages of report, “Global Enterprise Asset Management (EAM) Market Analysis and Forecast to 2024 - Industry Insights by Component (Software [Linear Assets, Field Service Management, Non-Linear Assets, Assets Maintenance, Repair, and Operations], Service [Managed, Professional], Solution[Planning and Forecasting, Logistics and Inventory, Network Field Operations, Asset Transfer and Retirement, Procurement of Material]), by Deployment Type (On-Premises, Cloud-Based), by Enterprise Size (Large Enterprises, Small and Medium Enterprises), by Industry (Manufacturing, Oil and Gas, Healthcare, Energy and Utilities, Transportation and Logistics, Government, Others)”

On the basis of industry, the global enterprise asset management market can be segmented into manufacturing, oil & gas, energy and utilities, government, transportation and logistics, healthcare, and others. Of all, the retail, metal and mining sector is expected to witness fastest growth during the forecast period owing to growing retail business worldwide, with opening of more number of supermarkets, stores, and hypermarkets in developing nations, and moreover, to speed up the store activities, new players are adopting EAM solutions.

Competitive Insight

Market players in the global enterprise asset management industry are majorly focusing on mergers & acquisitions to expand their customer base. For example, in November 2018, Bentley Systems Incorporated acquired ACE enterprise Slovakia. With this acquisition, the company aims to increase the scope of knwoledge that can be accessed through AssetWise. In April 2017, ABB Ltd., and International Business Machines (IBM) Corporation collaborated to expand and upgrade ABB’s existing asset and analytics implementation with IBM Watson’s cognitive abilities and ABB Agility.

Some of the key players operating in the global enterprise asset management market are Industrial and Financial Systems (IFS) AB, Infor Inc., Ramco Systems Limited, Bentley Systems Incorporated, Rockwell Automation Inc., SAP SE, ABB Ltd., International Business Machines (IBM) Corporation, Schneider Electric SE, MRI Software LLC, CGI Group Inc., and AssetWorks LLC.

Do you have any specific research requirement? Ask for customization: https://www.vynzresearch.com/ict-media/enterprise-asset-management-eam-market/customize-report

Key Takeaway from the Report:

• Software category hold the largest share in the market
• Of all the deployment type, the highest growth in the demand for the cloud-based EAM has been observed over the last five years which is anticipated to remain the highest among all deployment types during the forecast period.
• The SME’s category is expected to witness the fastest growth in the market
• The retail, metal and mining sector is expected to witness fastest growth during the forecast period owing to growing retail business worldwide
• Major players are actively focusing on on mergers & acquisitions to expand their customer base
• Some of the major companies involved in mergers & acquisitions in the market are International Business Machines (IBM) Corporation, ABB, Ltd., and Bentley Systems Incorporated

The Report Offers:

• Historical market estimate for the years 2014–2018 and forecast for the years 2019–2024
• Insight on current market trends, market dynamics, key opportunities and major challenges in the industry
• Market insights by in-depth segmentation with industry dynamics.
• Competitive analysis and benchmarking of the industry leaders and their product offerings
• Profiles of leading players and innovators, their financial overview and product portfolio
• Analysis of key industry trends and recent developments
• Value chain analysis and distribution channel analysis with opportunity assessment
• Market share analysis of major players

Benefits of Report Purchase from VynZ:

Detailed Research

We provide accurate data and in-depth analysis with all-inclusive coverage.

Robust Research Methodology

Robust research methodology and data triangulation to ensure high quality report.

Analyst Support

24*7 analyst support – Pre and post purchase of the report as well as during the project tenure.

Sales Support

24*7 sales support – Hassle free delivery of the report and quick response and support by sales team.

Free Customization

20% post purchase free customization to meet your requirements.

Customer Satisfaction

We claim full customer satisfaction as our core values lie in building long term relationship.

Security

High level of data security and confidentiality of your information.

The report provides the market value for the base year 2018 and a yearly forecast till 2024 in terms of revenue (USD Million) and volume (Thousand Units). The report segments the global enterprise asset management (EAM) market on the basis of component, deployment type, enterprise size, industry, and region.

Global Enterprise Asset Management (EAM) Market Coverage

Component Insight and Forecast 2014-2024

• Software
  • Linear Assets
  • Field Service Management
  • Non-Linear Assets
  • Assets Maintenance, Repair, and Operations
• Service
  • Managed
  • Professional
• Solution
  • Planning and Forecasting
  • Logistics and Inventory
  • Network Field Operations
  • Asset Transfer and Retirement
  • Procurement of Material

Deployment Type Insight and Forecast 2014-2024

• On-Premises
• Cloud-Based

Enterprise Size Insight and Forecast 2014-2024

• Large Enterprises
• Small and Medium Enterprises

Industry Insight and Forecast 2014-2024

• Manufacturing
• Oil and Gas
• Healthcare
• Energy and Utilities
• Transportation and Logistics
• Government
• Others (Retail, and Metal and Mining)

Geographical Segmentation

Enterprise Asset Management (EAM) Market by Region

North America

• By Component
• By Deployment Type
• By Enterprise Size
• By Industry
• By Country – U.S., Canada, and Mexico

Europe

• By Component
• By Deployment Type
• By Enterprise Size
• By Industry
• By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

• By Component
• By Deployment Type
• By Enterprise Size
• By Industry
• By Country – China, Japan, India, South Korea, Singapore, and Rest of Asia-Pacific

Rest of the World (RoW)

• By Component
• By Deployment Type
• By Enterprise Size
• By Industry
• By Country – Brazil, Chile, Argentina, Colombia, U.A.E., Saudi Arabia, South Africa, Turkey, and Other Countries

More from VynZ Research

Global Cyber Security Market Analysis and Forecast to 2024

The global cyber security market is projected to reach USD 282.3 billion by 2024, registering a CAGR of 11.1% during the forecast period. The global cyber security market has been driven by several key factors, predominantly the stringent directives for data privacy, increasing number of cyber-attacks, increasing adoption of digital solutions by most industries, and increasing inclination towards cloud-based solutions from on-premise.

Explore more at: https://www.vynzresearch.com/ict-media/cyber-security-market

Global Artificial Intelligence (AI) in Cyber Security Market Analysis and Forecast to 2024

The global AI in cyber security market is predicted to grow at 35.0% CAGR during the forecast period with the market size reaching USD 31.2 billion by 2024. Different technologies including natural language processing, machine learning, and image processing are majorly contributing to the AI in Cyber Security market size. The market has witnessed significant demand for these technologies and services over the last few years due to increasing adoption of internet of things (IoT), vulnerability of systems connected to Wi-Fi networks, and increasing number of cyber-attacks.

Explore more at: https://www.vynzresearch.com/ict-media/artificial-intelligence-in-cyber-security-market

Global Web Content Management Market Analysis and Forecast to 2024

The global web content management market is predicted to grow at 14.7% CAGR during the forecast period with the market size reaching USD 13.0 billion by 2024. The major factor fueling the growth of the market include increasing adoption of digital marketing by different industry verticals, increasing focus on customer engagement solutions, technological advancements, increasing adoption of web-based business solutions, and implementation of multi-channel customer engagement solutions.

Explore more at: https://www.vynzresearch.com/ict-media/web-content-management-market

About VynZ Research

VynZ Research is a market research firm offering research, analytics, and consulting services on business strategies. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. VynZ Research assists enterprises to take strategic decisions for helping their businesses to grow. The reports developed by VynZ are based on market facts that include comprehensive analysis and quantification of market drivers, industry dynamics, opportunities, challenges, threats, market shares and anticipated new trends & technologies arising across wide range of industries.

Contact Us:

VynZ Research

Call: +91-996-028-8381

Toll Free (U.S. and Canada): +1-888-253-3960

Email: enquiry@vynzresearch.com

Web: https://www.vynzresearch.com