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

Date: 2015-07

“Over the past few years, the market for enterprise asset management (EAM) has developed and has adopted the latest software applications due to its increasing demand among organizations across different industries. EAM is a new model that is presently gaining approval in asset centric organizations where repair activities have to be closely synchronized with the additional enterprise extensive functions such as stock and purchasing management. The successful implementation of EAM software applications helps organizations discover the origin of asset related problems, thereby, reducing the lifecycle time of assets.
The overall EAM market in this study is the summation of EAM software and services.
North America, Europe, and Middle East and Africa have the highest EAM penetration, and the regions of Asia-Pacific and Latin America offer a lot of opportunities for EAM vendors as many organizations are yet to adopt EAM software solutions.
For a well-organized and sustainable EAM, organizations need to restructure its industry processes by making it visible and integrating it with other functions. Several organizations have not implemented EAM solutions because of the complication and cost involved in it. Along with this, companies need to support its business goals with the asset strategies by supporting asset management processes that function across various departments such as finance, HR, and compliance.
There are various assumptions that have been taken into consideration for the market sizing and forecasting exercise. A few of the global assumptions include political, social, economic and technological factors. For instance, exchange rates are some of the factors which are expected to have an impact on this market. Therefore, the dollar fluctuations are expected to not seriously affect the forecasts in the emerging Asia-Pacific regions.
This report will help the EAM vendors in the following ways:
1. This report segments the market on the basis of software and services which cover the entire EAM market. The report provides the closest approximations of the revenue numbers for the overall market and the sub-segments. The market numbers are further split into various industry verticals and regions.

2. The report will help EAM suppliers understand the competitors better and gain more insights for better positioning of business. There is a separate section on competitive landscape, which includes end user analysis, mergers and acquisitions, and venture capital funding. This report also covers company profiles of the major players in this market.

3. The report will help suppliers understand the pulse of the market and provides information on key market drivers, restraints, and opportunities.

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