Global enterprise asset management market was valued at USD 3.85 Billion in 2018 and expected to grow at the CAGR of 10.2% during the forecast period. This market is primarily driven by the inclination of companies towards controlling cost with lesser maintenance and procurement expenses.
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Increasing measure of data creation and utilization by the rising population attributable to the flooding entrance of smart phones and tablets as well as high accessibility of web at different spots across the globe are the main considerations that are filling the development of global enterprise asset management market throughout the next few years. Further, developing digitization of organizations that are medium and small, as well as big brands owing several assets such as data, machines, infrastructure, software are further adding to the expansion of the global enterprise asset management market over the coming years.
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These are the variables that are impelling the development of global enterprise asset management market in the coming years. It is additionally important to make great use and execution of the information created for a decent use to improve client’s involvement in the items or to ease the representative’s work and tasks for better outcomes.
The information created live has to be put away and prepared so that it gives significant outcomes for the improvement of the organization. Subsequently, the management programming helps in dealing with the colossal databases of the representatives as well as clients in different associations along with keeping up the security and protection of the database. Nonetheless, increasing dangers of cyber crimes, hacker attacks and other pernicious attacks on the information for the evil uses or to make hurt the organization or the clients is probably going to hamper the development of global enterprise asset management market in the coming years.
However, growing spread of the corona virus pandemic has caused disruptions in the operations of various companies, leading to imposition of lockdowns and shutdowns of offices and companies which has also encouraged the work from home culture in several companies are further rising the usage of the global enterprise asset management market in the recent times.
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The major players of global Enterprise Asset Management market includes ABB Ltd., CGI Group Inc., eMaint, IFS AB (Sweden), Infor, International Business Machines (IBM) Corporation (US), Oracle Corporation (US), Schneider Electric SA (France), Ramco Systems (India), SAP SE (Germany), Vesta Partners, LLC (US) and Fujitsu Ltd., AssetWorks LLC.
Segment Overview of Global Enterprise Asset Management Market
Software Application Overview, 2015-2025 (USD Million)
• Asset Maintenance
• Repair & Overhaul (MRO)
• Non-Linear Assets
• Linear Assets
o Electricity Transmission Lines
• Field Service Management
End-User Industry Overview, 2015-2025 (USD Million)
• Oil & Gas
• Aerospace & Defence
Deployment Overview, 2015-2025 (USD Million)
• On Cloud
Organization Type Overview, 2015-2025 (USD Million)
• Large Organization
Regional Overview, 2015-2025 (USD Million)
• North America
o Rest of Europe
• Asia Pacific
o Rest of APAC
• Central & South America
o Rest of Latin America
• Middle East and Africa
o Saudi Arabia
o South Africa
o Rest of MEA
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What does the report include?
• The study on the global enterprise asset management market includes qualitative factors such as drivers, restraints, and opportunities
• Additionally, the market has been evaluated using the Porters 5 Forces and Value Chain Analysis.
• The study covers the qualitative and quantitative analysis of the market segmented on the basis of software applications, End-user industry, deployment, organization type. Moreover, the study provides similar information for the key geographies.
• Actual market sizes and forecasts have been provided for all the above-mentioned segments.
• The study includes the profiles of key players in the market with a significant Global and/or regional presence.
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a Market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable Market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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