PUBLISHER: The Business Research Company | PRODUCT CODE: 1750989
PUBLISHER: The Business Research Company | PRODUCT CODE: 1750989
Enterprise Asset Management (EAM) is a systematic approach to managing an organization's physical assets across their entire lifecycle to improve efficiency, reduce costs, and maximize performance. By integrating with broader enterprise systems, EAM delivers real-time insights and supports informed, data-driven decision-making. It enhances asset reliability, prolongs operational lifespan, ensures regulatory compliance, and minimizes downtime.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The main components of EAM include software and services. EAM software consists of programs and data that support various functions, helping organizations optimize asset tracking, maintenance operations, and overall efficiency. It is implemented across both small and medium-sized enterprises (SMEs) and large organizations for applications such as asset lifecycle management, labor management, inventory management, predictive maintenance, work order management, and more. EAM is widely used across industries including healthcare, government, IT and telecommunications, banking, financial services and insurance (BFSI), manufacturing, energy and utilities, transportation, and others.
The enterprise asset management (EAM) market research report is one of a series of new reports from The Business Research Company that provides enterprise asset management (EAM) market statistics, including the enterprise asset management (EAM) industry global market size, regional shares, competitors with the enterprise asset management (EAM) market share, detailed enterprise asset management (EAM) market segments, market trends, and opportunities, and any further data you may need to thrive in the enterprise asset management (EAM) industry. This enterprise asset management (EAM) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The enterprise asset management (EAM) market size has grown rapidly in recent years. It will grow from$7.25 billion in 2024 to $8.27 billion in 2025 at a compound annual growth rate (CAGR) of 14.0%. The growth in the historic period can be attributed to several key factors, including an increasing focus on preventive and predictive maintenance, rising demand for mobile-based EAM applications, growing investments in automation technologies, increased adoption of renewable energy assets, and the heightened importance of sustainable and green asset management practices.
The enterprise asset management (EAM) market size is expected to see rapid growth in the next few years. It will grow to$13.87 billion in 2029 at a compound annual growth rate (CAGR) of 13.8%. The growth projected in the forecast period can be attributed to the increasing demand for cloud-based EAM solutions, heightened cybersecurity concerns, the automation of maintenance workflows, expanding use of edge computing, and the growing role of AI-driven insights in asset management. Key trends expected to shape the market include IoT-enabled asset tracking, broader adoption of cloud-based EAM platforms, the integration of digital twin technology, enhanced asset connectivity through 5G networks, and advancements in cybersecurity measures to protect critical infrastructure and data.
The growing demand for cloud-based solutions is expected to drive the expansion of the enterprise asset management (EAM) market in the coming years. Cloud-based solutions are online services that offer computing resources, storage, and applications on demand, eliminating the need for on-premise infrastructure. The rising demand for these solutions is fueled by their scalability, which allows businesses to adjust resources based on their needs, optimizing performance while reducing the costs associated with physical infrastructure. In enterprise asset management, cloud-based solutions provide real-time data access, scalability, and streamlined maintenance operations for distributed assets. For example, in September 2022, a report by Google Cloud, a U.S.-based cloud computing provider, revealed that the use of multiple public clouds increased by 26% in 2022, compared to 21% in 2021. Additionally, the adoption of hybrid clouds rose from 25% in 2021 to 42.5% in 2022. Therefore, the growing demand for cloud-based solutions is significantly driving the growth of the enterprise asset management market.
Leading companies in the enterprise asset management market are focusing on developing innovative solutions, such as cloud-based EAM systems, to enhance asset tracking and improve operational efficiency. Cloud-based EAM software allows organizations to monitor, manage, and optimize physical assets throughout their lifecycle, providing enhanced visibility and streamlining operations. For instance, in March 2022, Aptean Inc., a U.S.-based software company, launched Aptean EAM, which includes a computerized maintenance management system (CMMS) tailored to manufacturers. This solution helps streamline maintenance by offering real-time insights into work order statuses, advanced analytics, and customizable dashboards, leading to reduced downtime, improved safety, and lower maintenance costs.
In February 2024, BPD Zenith Ltd., a UK-based asset management solutions provider, acquired EAM Swiss GmbH for an undisclosed amount. This acquisition aims to strengthen BPD Zenith's position in the EAM market by expanding its reach in Europe and enhancing its IBM Maximo asset management offerings. EAM Swiss GmbH is a Switzerland-based company that specializes in providing IBM Maximo solutions for asset management.
Major players in the enterprise asset management (EAM) market are Siemens AG, Accenture plc, International Business Machines Corporation, Oracle Corporation, SAP SE, CGI Inc., ServiceNow Inc., Hexagon AB, AVEVA Group plc, IFS AB, Aptean Inc., ABS Group, Accurent Inc., MaintainX, AssetWorks LLC, DreamzTech Solutions Inc., UpKeep Maintenance Management Inc., Asset Panda Inc., Rfgen Software Inc., and EZMaintain Inc.
North America was the largest region in the enterprise asset management (EAM) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in enterprise asset management (EAM) report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the enterprise asset management (EAM) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The enterprise asset management (EAM) market consists of revenues earned by entities by providing services such as regulatory compliance management, contract and supplier management, and risk and incident management. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Enterprise Asset Management (EAM) Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on enterprise asset management (eam) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for enterprise asset management (eam) ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The enterprise asset management (eam) market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.