Global Enterprise Asset Management Market report from Global Insight Services is the single authoritative source of intelligence on Enterprise Asset Management Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restBlockchain Marketraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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Enterprise Asset Management (EAM) is a comprehensive approach to managing physical assets throughout their entire lifecycles. The goal of EAM is to optimize performance and minimize costs by maximizing the value of assets and minimizing their downtime.
EAM systems track and manage data related to an asset throughout its lifecycle, from acquisition and installation to retirement and disposal. This data includes asset location, condition, maintenance history, and financial information. EAM systems help organizations make better decisions about when to repair, replace, or retire assets.
Key Trends
There are several key trends in Enterprise Asset Management (EAM) technology. One is the move towards cloud-based solutions. This means that instead of having a server in-house that needs to be maintained, companies are using cloud-based solutions that are managed by a third party. This can save on IT costs and make it easier to scale the solution as needed.
Another key trend is the use of mobile devices for asset management. This means that workers can use their smartphones or tablets to access asset information and perform tasks such as asset tracking and maintenance. This can improve worker productivity and make it easier to manage assets in the field.
Key Drivers
There are a number of key drivers of the Enterprise Asset Management (EAM) market. Firstly, there is an increasing need for organizations to better manage their physical assets, in order to improve operational efficiency and reduce costs. Secondly, there is a growing awareness of the benefits of EAM, as organizations recognize the potential for improving asset utilization and reducing downtime. Thirdly, there is a trend towards the use of mobile and cloud-based EAM solutions, as these offer greater flexibility and scalability. Finally, there is an increasing focus on sustainability, as organizations look to reduce their environmental impact and improve their social and ethical performance.
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Restraints & Challenges
There are several key restraints and challenges in the enterprise asset management market. First, many organizations have not yet fully implemented asset management processes and technologies, and are therefore not able to realize the full benefits of the discipline. Second, even among those organizations that have implemented asset management, there is often a lack of integration between different systems and processes, which can lead to inefficiencies and duplication of effort. Finally, the successful implementation of asset management requires a high degree of coordination and communication between different departments and personnel within an organization, which can be challenging to achieve.
Market Segments
By Services
- Managed Service
- Training and Support Service
- Implementation Service
By Organization Size
- Small and Medium Enterprises (SMEs)
- Large Enterprises
By Software Application
- Assets MRO
- Non-Linear Assets
- Linear Assets
- Field Service Management
By End-Use Industry
- BFSI
- Healthcare
- Government and Utilities
- Oil and Gas
- Retail
- Transportation
- Others
Key Players
- ABB
- Oracle
- SAP
- Schneider Electric
- IFS
- IBM
- Infor
- AssetsWorks
- Real Asset Management
- CGI Group
- Maintenance Connection
- Mainsaver
- eMaint
- Honeywell
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