According to a new market research report "Enterprise Asset Management Market by Software Applications (Linear Assets, Non-Linear Assets, Field Service Management, Assets MRO), by Services, by Organization Size, by Verticals (Government & Utilities, Oil & Gas, Healthcare and Others) - Global forecast to 2020", published by MarketsandMarkets, defines and segments the global EAM market into different sub-segments with an in-depth analysis and estimation of market sizes. The report also identifies the factors driving the market, various restraints, and opportunities impacting it along with the adoption trends. The EAM market size is expected to grow from $2,903.7 Million in 2015 to $4,751.2 Million by 2020, at a Compound Annual Growth Rate (CAGR) of 10.3%.
Browse 70 market data tables and 42 figures spread through 162 pages and in-depth TOC on “Enterprise Asset Management Market - Global forecast to 2020"
Early buyers will receive 10% customization on this report.
Request Sample of This Report: http://www.marketsandmarkets.com/requestsample.asp?id=54576143
The biggest challenges for organizations are the harsh economic conditions and indecisive markets which make it difficult for organizations to capitalize on its return on assets (ROA). The software vendors in the Enterprise Asset Management (EAM) market space are constantly designing and innovating on their software applications, as a result of which, traditional asset management activities are evolving into a complete standard approach that impacts all divisions of the organization. The EAM market consists of big players such as IBM, SAP, Infor, Oracle, Assetworks, ABB (Ventyx), Fujitsu, IFS, CGI Group, and Motorola Solutions. The competition from these big players makes it difficult for small vendors to enter the EAM market.
The major factors driving this market are the administration of aging infrastructure, improved return on assets and the ability to track assets. The high deployment cost of EAM software is one of the restraints for Small and Medium Businesses (SMBs) along with lack of awareness among organizations about the deployment and usage. Hence, cloud-based deployment solutions are likely to prove to be more beneficial and can seize this opportunity by providing simpler solutions to organizations. Integration of EAM and big data analytics is another opportunity for software vendors. EAM solutions mainly focus on maintenance operations and EAM software applications support the entire enterprise operations onto a single database, enabling the integration of different applications.
Some of the benefits that EAM solutions offer to organizations include higher asset productivity, reduced maintenance costs, and increased visibility of the operations and asset performance. In industries that operate in intrinsically hazardous environments such as oil and gas and metal and mining, organizations have to rely on effective asset management systems that will help augment the value of assets.
Speak to Analyst : http://www.marketsandmarkets.com/speaktoanalyst.asp?id=54576143
MarketsandMarkets broadly segments the global EAM market by region as North America , Asia-Pacific (APAC), Europe, Middle East & Africa (MEA), and Latin America; by software application as linear assets, non-linear assets, field service management, and assets MRO; by services as implementation, managed services, and training and support; by user type as SMBs and large enterprises; by industry vertical such as government and utilities, oil and gas, manufacturing, healthcare, transportation, and others.
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252