PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1812622
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1812622
The global enterprise asset management market (EAM) is expanding rapidly, with a projected market size anticipated to rise from about USD 5.87 billion in 2025 to USD 9.02 billion by 2030, featuring a CAGR of 9.0%. Growing demand for regulatory compliance and safety management in asset-intensive industries is expected to drive the adoption of EAM solutions.
Scope of the Report | |
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Years Considered for the Study | 2020-2030 |
Base Year | 2024 |
Forecast Period | 2025-2030 |
Units Considered | Value (USD Million/Billion) |
Segments | Offering, Application, Deployment Type, Asset Class, Organization Size, Vertical |
Regions covered | North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America |
Energy, healthcare, and transportation sectors face strict compliance requirements related to equipment safety, environmental standards, and operational reporting. EAM solutions help organizations maintain accurate audit trails, track inspections, and ensure assets meet regulatory standards, reducing legal risks and improving stakeholder trust.
In contrast, a significant restraint is the data integration from diverse legacy systems and siloed operations. Many enterprises, particularly those with aging infrastructure, struggle to unify data from multiple platforms, manual records, and outdated equipment monitoring systems. This complexity slows EAM adoption and limits the ability to leverage advanced features such as predictive analytics and real-time monitoring. These factors highlight how regulatory needs drive adoption, while integration hurdles remain a barrier to seamless implementation.
"SMEs segment by organization size is expected to grow at the highest CAGR during the forecast period"
The small and medium-sized enterprises (SMEs) segment is expected to register the highest compound annual growth rate (CAGR) during the forecast period. This growth is driven by the increasing adoption of digital and cloud-based EAM solutions, which offer scalable, cost-effective, and easily deployable options for smaller organizations. SMEs increasingly invest in asset management to optimize equipment utilization, reduce downtime, and improve operational efficiency, but with solutions tailored to their limited resources. The availability of subscription-based and modular EAM offerings allows SMEs to access advanced features such as predictive maintenance, real-time monitoring, and analytics without heavy upfront investment.
Additionally, the push for digital transformation, regulatory compliance, and sustainability initiatives among SMEs further fuels the demand for EAM solutions, making this segment the fastest-growing organizational category in the market during the forecast period.
"Manufacturing vertical segment is expected to hold the largest market share during the forecast period"
Manufacturing is an asset-intensive sector that relies heavily on machinery, production lines, and industrial equipment, where downtime or inefficiencies can directly impact output and profitability. EAM solutions help manufacturers optimize asset utilization, monitor equipment performance, and implement proactive maintenance strategies to reduce unplanned downtime. With the rise of Industry 4.0 and smart factory initiatives, manufacturers are increasingly adopting IoT-enabled EAM platforms to integrate real-time data from connected devices, digital twins, and automation systems.
These capabilities allow for predictive insights, improved quality control, and streamlined workflows across the production cycle. For instance, in June 2024, Godrej & Boyce implemented HxGN EAM, and the company increased equipment uptime from 60% to 95%, improved labor utilization by 70%, and reduced inventory costs by 45%. These improvements enhanced operational efficiency and translated into higher productivity, cost savings, and long-term profitability for the business. Additionally, compliance with strict safety and environmental regulations in the manufacturing sector further drives the need for robust asset management solutions.
"Asia Pacific is expected to record the fastest growth, while North America is projected to hold the largest market share during the forecast period"
The Asia Pacific (APAC) region is driven by rapid industrialization, urbanization, and digital transformation across China, Japan, and Australia & New Zealand. Increasing adoption of smart manufacturing, IoT-enabled equipment, and predictive maintenance solutions is enhancing demand for EAM systems to improve asset performance and reduce operational costs. Significant government investments in infrastructure, energy, and transportation projects further support the need for efficient asset management.
Additionally, the rise of multinational corporations and SMEs seeking cloud-based and AI-powered EAM solutions is expanding the market. Growing focus on regulatory compliance and sustainable, cost-efficient operations positions Asia Pacific as the fastest-growing regional market, presenting substantial opportunities for technology providers and service vendors.
The North American EAM market is growing as organizations aim to optimize asset performance, reduce downtime, and enhance the lifespan of critical infrastructure. Growth is driven by IoT, AI, and cloud technologies that improve operational visibility and decision-making. Key sectors, such as manufacturing, energy, utilities, transportation, healthcare, and government, play significant roles, with a shift toward cloud-based platforms for scalability and cost-effectiveness. EAM solution providers should focus on cloud-based, AI-enhanced offerings to capitalize on this market trend.
Breakdown of primaries
We interviewed Chief Executive Officers (CEOs), directors of innovation and technology, system integrators, and executives from several significant enterprise asset management market companies.
Some of the significant enterprise asset management market vendors are IBM (US), Oracle (US), SAP (Germany), Hexagon (Sweden), IFS (Sweden), Aptean (US), Trimble (US), ServiceNow (US), Hitachi Energy (Switzerland), and Ramco (India).
Research Coverage
The market report covered the enterprise asset management market across segments. We estimated the market size and growth potential for many segments based on offerings, applications, deployment type, organization size, verticals, and region. It contains a thorough competition analysis of the major market participants, information about their businesses, essential observations about their product and service offerings, current trends, and critical market strategies.
Reasons to Buy This Report
With the most accurate revenue estimates for the entire enterprise asset management (EAM) market and its subsegments, this research will benefit established market leaders and recent entrants. Stakeholders will gain deeper insights into the competitive landscape, enabling them to position their offerings better and develop effective go-to-market strategies. The report highlights key market drivers, restraints, opportunities, and challenges, helping industry players understand the dynamics of the EAM ecosystem and align their strategy with evolving market demands.