Market Insights & Analysis: The Global Enterprise Asset Management Market (2024-30):
MarkNtel Advisors has published a research report on the Global Enterprise Asset Management Market for the forecast years, 2024-30. This research is a dependable reference for assessing historical and future data, developmental trends, and prevailing industry catalysts. Recognizing the growing demand for market research across various sectors, a comprehensive study has been formulated addressing diverse topics. Through qualitative and quantitative data, this report effectively covers key alterations, gap analyses, emerging opportunities, trends, industry dynamics, and competitive challenges.
Global Enterprise Asset Management Market Overview:
According to the latest report from MarkNtel Advisors, the The Global Enterprise Asset Management Market size was valued at USD 4.4 billion in 2023 and is estimated to grow at a CAGR of around 10.8% during the forecast period, i.e., 2024-30. This comprehensive analysis contains key insights into market trends, size, projections, growth catalysts, challenges, and competitor assessments.
The report offers an in-depth evaluation of the Global Enterprise Asset Management Market, presenting the latest developments and providing an overview of the current market scenario. With markets gradually recovering from the impact of the pandemic, there is a notable stabilization or even an increase in disposable income in developing nations, driving the market’s momentum.
Global Enterprise Asset Management Market Challenge:
Concerns Regarding Data Security & Confidentiality Posing a Challenge for Market Growth – As organizations increasingly rely on digital platforms for managing assets, safeguarding sensitive information has become a top priority. Businesses are wary of data breaches & cyberattacks that can compromise crucial operational details like asset performance, maintenance schedules, and the like housed within Enterprise Asset Management (EAM) systems. According to the Statistics provided by Cobalt Labs Inc., one of the leading cybersecurity companies, in 2023, there were around 2,220 cyberattacks every day. These cyber security breaches are resulting in the loss of financial and other critical information. According to the survey by CompTIA company, 29% of the businesses that experience data breach undergoes financial loss.
Therefore, end-users like BFSI, Healthcare, etc., that handle confidential information are apprehensive about opting the digital solutions to avoid data breach incidents. This is consequently hindering the adoption of comprehensive EAM solutions, impeding market growth.
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Global Enterprise Asset Management Market Segmentation Analysis:
This thorough analysis of the Global Enterprise Asset Management Market facilitates the identification of significant market factors. The report delves into key market segments and the regional analysis outlined within this research, which will significantly aid industry players in refining their consumer targeting, strategic positioning, and overall business expansion efforts. The Market exhibits a high degree of fragmentation, categorizing into distinct segments as follows:
By Offering
-Solutions- Market Size & Forecast 2019-2030, (USD Million)
-Services- Market Size & Forecast 2019-2030, (USD Million)
-Professional services- Market Size & Forecast 2019-2030, (USD Million)
-Planning & Consulting- Market Size & Forecast 2019-2030, (USD Million)
-Training & Education- Market Size & Forecast 2019-2030, (USD Million)
-Support & Maintenance- Market Size & Forecast 2019-2030, (USD Million)
-Managed Services- Market Size & Forecast 2019-2030, (USD Million)
By Application
-Asset Lifecycle Management- Market Size & Forecast 2019-2030, (USD Million)
-Inventory Management- Market Size & Forecast 2019-2030, (USD Million)
-Work order Management- Market Size & Forecast 2019-2030, (USD Million)
-Labour Management- Market Size & Forecast 2019-2030, (USD Million)
-Facility Management- Market Size & Forecast 2019-2030, (USD Million)
-Others- Market Size & Forecast 2019-2030, (USD Million)
By Deployment Model
-Cloud- Market Size & Forecast 2019-2030, (USD Million)
-On-premises- Market Size & Forecast 2019-2030, (USD Million)
By Organization Size
-Large Enterprises- Market Size & Forecast 2019-2030, (USD Million)
-SMEs- Market Size & Forecast 2019-2030, (USD Million)
By End User
-Manufacturing- Market Size & Forecast 2019-2030, (USD Million)
-Energy & Utilities- Market Size & Forecast 2019-2030, (USD Million)
-Healthcare & Life Sciences- Market Size & Forecast 2019-2030, (USD Million)
-Transportation & Logistics- Market Size & Forecast 2019-2030, (USD Million)
-Telecom- Market Size & Forecast 2019-2030, (USD Million)
-Government & Public Sector- Market Size & Forecast 2019-2030, (USD Million)
-Education- Market Size & Forecast 2019-2030, (USD Million)
-Others- Market Size & Forecast 2019-2030, (USD Million)
By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific.
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Analysis of Global Enterprise Asset Management Market Share:
The competitive landscape of the Global Enterprise Asset Management Market is dissected through a thorough competitor analysis. This includes detailed insights into each company’s profile, financial performance, market share, potential, Research and Development (R&D) investments, recent market initiatives, reach, strengths and weaknesses, as well as product/service launches and dominance. The information outlined above offers a comprehensive overview of the prominent market players, including,
IBM, SAP, Oracle, Hexagon, IFS, Hitachi Energy, IPS Intelligent Process Solutions, Accruent, Aveva, Aptean, Emaint, CGI, Upkeep, Assetworks, Ramco Systems, and Others.
Frequently Asked Questions (FAQs)
- What key forces are steering the dynamics of the Global Enterprise Asset Management Market?
- What potential opportunities and obstacles can be identified on the horizon?
- How might regulatory changes impact the Global Enterprise Asset Management industry’s trajectory?
- What are the anticipated technological advancements shaping the future of the Global Enterprise Asset Management Market?
- Who are the key players profiled in the Global Enterprise Asset Management Market research report?
- What is the estimated valuations in USD, and CAGR for the forecast years?
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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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