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Enterprise Asset Management Market By Type (Solution, Service), By Solution (Database Management, Mobility, Analytics, Cloud-based Solution), By Service (Consulting, Implementation & Integration, Training & Support), By End-user (Public Sector, Manufacturing, Oil & Gas, Healthcare, Energy & Utility, IT & Telecom, Transportation & Logistics) - Growth, Share, Opportunities & Competitive Analysis, 2016 -2023

The global enterprise asset management market is anticipated to witness a CAGR of over 8% during the forecast period. Implementation of enterprise asset management solutions and systems is increasing across the globe as these solutions reduce system downtime and enhance business productivity.

Furthermore, a focus on extending asset life and performance through real-time monitoring of enterprise assets is expected to drive market growth during the forecast period. Further, the rising adoption of IoT technologies and growing industrial automation are increasing the uptake of advanced enterprise asset management solutions and services. However, a lack of awareness in developing regions and high deployment costs are projected to hamper the growth of the market over the forecast period to a certain extent.

Report Scope

This report analyses the global enterprise asset management market in terms of type, solution, end-user, and geography. The global enterprise asset management market has been segmented based on type into solutions and services. The solution segment is further sub-segmented into database management solutions, mobility solutions, analytics solutions, and cloud-based solutions. By services, the global enterprise asset management market is bifurcated into consulting, implementation and integration, and training and support services.

Based on end-user, the enterprise asset management market is bifurcated into the public sector, manufacturing, oil & gas, healthcare, energy & utilities, IT & telecom, and transportation & logistics. The global enterprise asset management market covers major geographies such as North America, Europe, Asia Pacific, and the Rest of the World.Major players operating in the global enterprise asset management market are focused on investing a substantial amount in research and development activities to come up with innovative industry-specific offerings.

1.1 Report Description

Purpose of the Report

The purpose of this strategic research study titled "Global Enterprise Asset Management Market: Growth, Share, Opportunities, and Competitive Analysis, 2016–2023" is to offer industry investors, company executives, and industry participants in-depth insights to enable them to make informed strategic decisions related to the opportunities in the global enterprise asset management market.

Target Audience

  • Industry Investors
  • Enterprise Asset Management System Providers
  • Enterprise Asset Management Solution Providers
  • System Integrator
  • Communication Device Providers

On the basis of end-user, the global enterprise asset management market is categorized into the following segments:

  • Public Sector
  • Oil and Gas
  • Manufacturing
  • Energy and Utility
  • Healthcare
  • Transportation and Logistics
  • IT & Telecom

Among end-user segments, the manufacturing end-user segment is projected to hold a major chunk of the overall enterprise asset management market revenue share over the forecast period. This is mainly attributed to the growing adoption of the industrial internet of things across manufacturing companies. The manufacturing end-user segment accounted for over 25% of the market share in 2015. However, the public sector is projected to be the second-largest end-user segment in the global enterprise asset management market. Between 2016 and 2023, the healthcare market is expected to grow at a CAGR of more than 11.0%.

On the basis of solution, the global enterprise asset management market is categorized into the following sub-segments:

  • Data Management
  • Mobility
  • Analytics
  • Cloud-based Solution

The data management sub-segment dominated the market in 2015, accounting for US$ XX Mn. By the end of 2023, the sub-segment is expected to retain its dominance. This is primarily driven by the increasing volume of digital data generated by connected devices across enterprises. End-user organizations use such data for predictive maintenance. However, the cloud-based solution sub-segment is expected to expand at the fastest CAGR during the forecast period, 2016–2023, to reach US$ XX Mn by the end of 2023.

On the basis of geography, the global enterprise asset management market is segmented into the following regions and countries:

  • North America
  • U.S.
  • Canada
  • Europe
  • United Kingdom
  • France
  • Germany
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • India
  • Rest of Asia Pacific
  • Rest of the World
  • Latin America
  • Middle East and Africa

North America dominated the global enterprise asset management market in 2015, accounting for over 1/3 of the overall market pie. Additionally, the region is expected to retain its dominance by the end of 2023. The market in North America is primarily driven by the growing adoption of the industrial internet of things across the manufacturing sector. However, Asia-Pacific is projected to emerge as a lucrative market for enterprise asset management providers. The market in the region is anticipated to expand at the highest CAGR over the forecast period. Emerging markets in the Asia Pacific are China and India, which show growth potential for major vendors.

Frequently Asked Questions:

The market for Enterprise Asset Management Market is expected to reach Us$ XX Bn By 2023.

The Enterprise Asset Management Market is expected to see significant CAGR growth over the coming years, at 8%.

The report is forecasted from 2016-2023.

The base year of this report is 2015.

Schneider Electric SE, AssetWorks LLC, Genesis Technology Solutions, Inc., ABB Ltd. are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Dec 2016
Category:  IT & Telecom
Report ID:   58296
Report Format:   PDF
Pages:   120
Rating:    4.5 (70)
Delivery Time: 24 Hours to 48 Hours   
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