Over the next five years the Enterprise Asset Management (EAM) Space market will register an 10% CAGR in terms of revenue, the global market size will reach USD 7 billion by 2027.
Enterprise Asset Management The market was worth more than USD 4 billion in 2021, and it is anticipated to grow by around 10% between 2022 and 2027. The sector is expanding as a result of rising demand for using cutting-edge technologies to extend the life of important corporate assets. Predictive maintenance, AI-based telematics, and digital twins are just a few of the cutting-edge EAM technologies that many asset-intensive firms are investing in to drastically improve and change their operational processes. EAM solutions assist companies or business owners with uptime, inventory management, and strategic planning.
Despite the ongoing COVID-19 pandemic, the EAM sector has had excellent development. The demand to develop robust and disaster-resistant systems has supported the market acceleration in the EAM sector. Since remote working environments forced businesses to look for workable alternatives to reduce downtime from system failure, increase productivity, and manage assets, EAM solutions have seen extensive acceptance throughout the pandemic. For instance, clients that choose IBM's Maximo asset management technology were able to lower their capital expenditure on asset management by up to 7%, according to data provided by IBM.
The report aspects discussed the profile of the top manufacturers of the global Enterprise Asset Management (EAM) Space market. These aspects include financial status of major companies, trending advancements and entire market scenario. Growth of the report have examined Enterprise Asset Management (EAM) Space Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.
The Enterprise Asset Management (EAM) Space Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market Roads and Transport Authority (RTA), Mowasalat, Ajman Public Transport Corporation, Serco Group, Etihad Rail and others.
22 Jun 2021: Serco announces integrated Facilities Management business and MoD contract
Serco Asia Pacific has announced a new integrated Facilities Management Business Unit incorporating key FM and Asset Management services which will elevate the level of operational expertise and delivery in the sector across Australia. The formation of the Facilities Management Business Unit will provide a strong platform to enhance existing facility management contracts and broaden capability across Serco’s other five key sectors of Defence, Justice and Immigration, Health, Citizen Services and Transport.
Enterprise Asset Management (EAM) Space Market provides details by vendors, including company total revenue (financials), company overview, market potential, global presence, his business report briefly talks about market performance of each business sector covering growth factors and sales volume. this analysis provides the This Enterprise Asset Management (EAM) Space Market analysis report provides recent trends, granular level data covering market size and share. It provides all the recent updates about CORONA virus and its impact on world economy and human health. By getting this data, key players can obtain profit making and right business opportunities for future growth. Its further guides to increase the product demand and business expansion.
By Type, it is segmented into
By Applications it is segmented into
The introduction of next-gen technology improvements in EAM preventive maintenance systems is responsible for the North American regional market's projected 27.5% global market share in 2022.
The rate of adoption of enterprise asset management solutions in North America has been accelerated by significant investments, intense R&D efforts, and an increase in the penetration of EAM preventative maintenance systems. The region's considerable market share is mostly attributable to the presence of large EAM enterprises and a number of growing start-ups in the area.
The Enterprise Asset Management (EAM) Space Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Enterprise Asset Management (EAM) Space Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes
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Report Details |
Forecast Period 2022 to 2027 CAGR |
CAGR of 10% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies
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Roads and Transport Authority (RTA), Mowasalat, Ajman Public Transport Corporation, Serco Group, Etihad Rail
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Regions Covered
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Countries Covered |
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Base Year
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2022 |
Historical Year
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2017 to 2021 |
Forecast Year
| 2022 to 2027 |
Number of Pages | 162 |
Customization Available
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Yes, the report can be customized as per your needs |
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
What is the study period of this market?
The Enterprise Asset Management (EAM) Space Market is studied from 2017 - 2027.
What is the growth rate of Enterprise Asset Management (EAM) Space Market?
The Enterprise Asset Management (EAM) Space Market is growing at a CAGR of 10% over the next 5 years.
Who are the key players in Enterprise Asset Management (EAM) Space Market?
Roads and Transport Authority (RTA), Mowasalat, Ajman Public Transport Corporation, Serco Group, Etihad Rail
What region does this Enterprise Asset Management (EAM) Space Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Enterprise Asset Management (EAM) Space Market?
Bus, Heavy Rail, Light Rail, Trolley Cars
What are the major end-use applications of Enterprise Asset Management (EAM) Space Market?
Government, Oil and Gas, Healthcare, Transportation and Logistics, Manufacturing, Energy and Utilities, Others (Retail, and metal and mining)
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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