Increasing need to enhance the lifecycle performance of assets, growing IT infrastructure across the globe, adoption of cloud based deployment model are some of the factors which will likely to accelerate the growth of the enterprise asset management market in the forecast period of 2020-2027. On the other hand, big data integration along with emergence of advanced technology which will further boost various opportunities that will lead to the growth of the enterprise asset management market in the above mentioned forecast period.
MARKET SCOPE
The "Global Enterprise Asset Management Market Analysis to 2028" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the enterprise asset management market with detailed market segmentation by component, deployment, industry vertical and geography. The report provides key statistics on the market status of the leading enterprise asset management market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
? Based on component, the global enterprise asset management market is segmented into solution, services
? On the basis of deployment, the market is segmented into on-premise, cloud
? Based on industry vertical, the market is bifurcated into manufacturing, transportation and logistics, oil and gas, healthcare, energy and utilities, others
MARKET DYNAMICS
Drivers:
? Increasing shift from legacy asset management methods to modern asset management by enterprises.
? Rising popularity of SaaS-based EAM solutions.
? Growing need for gaining a 360-degree view of assets
? Increased usage of IoT platforms and devices to manage enterprise assets
Restraints
? Regulatory compliance issues
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The enterprise asset management market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the enterprise asset management market in these regions.
IMPACT OF COVID-19 ON ENTERPRISE ASSET MANAGEMENT MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the enterprise asset management market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from enterprise asset management market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the enterprise asset management market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
? ABS Group
? ABB Ltd
? CGI Group Inc.
? Dude Solutions Inc.
? eMaint by Fluke Corporation
? IBM Corporation
? Infor
? Ramco Systems
? SAP SE
? Upkeep Maintenance Management
The Insight Partner?s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.