Unveiling Growth Prospects: Enterprise Asset Management Trends 2024-2030
MarkNtel Advisors latest report titled Enterprise Asset Management Market Report by Enterprise Asset Management Market Report –Analysis, Scope, Trends, Forecast 2024-2030 indicates that the global Enterprise Asset Management market size was valued at USD 4.4 billion in 2023 and is estimated to grow at a CAGR of around 10.8% during the forecast period, i.e., 2024-30.
Global Enterprise Asset Management Market Driver:
Rising Adoption of Cutting-Edge Technologies & Connected Devices – Internet penetration & smartphone accessibility have increased significantly during historical years. As per the statistics provided by the Data Reportal, in 2023, there were approximately 5.16 billion internet users across the globe, which is approximately 64.4% of the total world population. Similarly, smartphone accessibility across the globe has also increased. This proliferation of smart devices is creating a conducive environment for digital platforms & services. As a result, several organizations globally have shifted towards digital platforms & started offering their services via digital means. According to the BigCommerce Company, as of 2023, around 20% to 30% of organizations have moved to online platforms & around 60% of enterprises are planning to increase their online presence. Therefore, organizations are increasingly utilizing technology-based solutions to boost their online performance.
Additionally, these companies are adopting sensor technologies, data analytics, and Artificial Intelligence (AI) since these emerging technologies enable the organization to make well-informed decisions. Thus, to improve customer engagement, simplify business operations, and optimize overall operational efficiency, organizations are increasingly using technology-based asset management solutions, driving the Global Enterprise Asset Management Market.
Furthermore, industries across the globe are undergoing Industrial Revolution 4.0, owing to which the manufacturing units require solutions that help in real-time monitoring. Thus, these industries would shift towards Internet of Things (IoT) based enterprise asset management solutions to minimize downtime, consequently enlarging market size in the forecast period.
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Enterprise Asset Management Market Segmentation:
-By Offering
-Solutions- Market Size & Forecast 2019-2030, (USD Million)
-Services- Market Size & Forecast 2019-2030, (USD Million)
-Professional services- Market Size & Forecast 2019-2030, (USD Million)
-Planning & Consulting- Market Size & Forecast 2019-2030, (USD Million)
-Training & Education- Market Size & Forecast 2019-2030, (USD Million)
-Support & Maintenance- Market Size & Forecast 2019-2030, (USD Million)
-Managed Services- Market Size & Forecast 2019-2030, (USD Million)
-By Application
-Asset Lifecycle Management- Market Size & Forecast 2019-2030, (USD Million)
-Inventory Management- Market Size & Forecast 2019-2030, (USD Million)
-Work order Management- Market Size & Forecast 2019-2030, (USD Million)
-Labour Management- Market Size & Forecast 2019-2030, (USD Million)
-Facility Management- Market Size & Forecast 2019-2030, (USD Million)
-Others- Market Size & Forecast 2019-2030, (USD Million)
-By Deployment Model
-Cloud- Market Size & Forecast 2019-2030, (USD Million)
-On-premises- Market Size & Forecast 2019-2030, (USD Million)
-By Organization Size
-Large Enterprises- Market Size & Forecast 2019-2030, (USD Million)
-SMEs- Market Size & Forecast 2019-2030, (USD Million)
-By End User
-Manufacturing- Market Size & Forecast 2019-2030, (USD Million)
-Energy & Utilities- Market Size & Forecast 2019-2030, (USD Million)
-Healthcare & Life Sciences- Market Size & Forecast 2019-2030, (USD Million)
-Transportation & Logistics- Market Size & Forecast 2019-2030, (USD Million)
-Telecom- Market Size & Forecast 2019-2030, (USD Million)
-Government & Public Sector- Market Size & Forecast 2019-2030, (USD Million)
-Education- Market Size & Forecast 2019-2030, (USD Million)
-Others- Market Size & Forecast 2019-2030, (USD Million)
What are the key regions in the Enterprise Asset Management market?
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
Explore the Complete Enterprise Asset Management Market Analysis Report – https://www.marknteladvisors.com/research-library/enterprise-asset-management-market.html
Who are the leading key players shaping the Enterprise Asset Management Market landscape?
IBM, SAP, Oracle, Hexagon, IFS, Hitachi Energy, IPS Intelligent Process Solutions, Accruent, Aveva, Aptean, Emaint, CGI, Upkeep, Assetworks, Ramco Systems, and Others
Questions Addressed in this Study
1.What factors are driving the Enterprise Asset Management Market growth?
2.How is the Enterprise Asset Management Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Enterprise Asset Management Market?
4.What is the current size of the Enterprise Asset Management Market, and how is it projected to change in the future?
6.What is the future outlook for the Enterprise Asset Management Market in terms of technological advancements and market expansion?
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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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