The optimal lifecycle management solution that manages the assets of a company is termed as Enterprise Asset Management (EAM). Furthermore, the subjects covered by EAM consists of operations, design, and decommissioning of manufacturing plant amongst others. Switching to an enterprise asset management system helps enterprises reduce their maintenance costs. Besides this, emergence of EAM has lowered the production costs, labor costs, boosted maintenance productivity and reduced equipment breakdowns. In simple terms, EAM solutions help business owners or enterprises with uptime, inventory maintenance as well as strategic planning. Moreover, the solution offers maximum visibility and control over important assets that affect business performance, compliance as well as risk.
There are numerous drivers, restraints and opportunities that are shaping the future of this industry. The growing need for increasing the lifecycle performance of assets indicates that the future of enterprise asset management market is bright. On the other hand, with companies getting more dependent on physical infrastructure, which is capable enough to integrate process as well as information throughout asset lifecycle is highly responsible for driving the market. Advent of cloud deployment model and Big Data integration with enterprise asset management are likely to create business opportunities. However, high cost and lack of awareness has hindered market growth to a greater extent. Regions such as AsiaPacific and Middle East and Africa would provide several opportunities in the enterprise asset management space owing to the rise in adoption rate.
The market is segmented in terms of software applications, end use industry, services offered, size of organization and geography. In terms of software applications, the market is segmented into asset maintenance, repair & overhaul (MRO), non-linear assets, linear assets, and field service management. The market is also segmented based on the services such as managed service, training and support, and implementation service. The global enterprise asset management market is categorized based on size of organization into large enterprises, and small and medium enterprises (SMEs). The end use industries served by the enterprise asset management market include government and utilities, BFSI, healthcare, oil and gas, retail, transportation and others.
Eyeing the great prospects in the market, major brands are investing in research and development activities to maintain a competitive edge. Business strategies such as joint ventures as well as acquisitions and mergers with local companies are enabling the companies to position their products successfully. Several brands are considering proven market entry strategies to explore new markets. Some of the major market players in the enterprise asset management industry include CGI Group Inc., IBM Corporation, Oracle Corporation, ABB Group, SAP SE, Schneider Electric, and more.
KEY BENEFITS FOR STAKEHOLDERS
ENTERPRISE ASSET MANAGEMENT MARKET SEGMENTS
Enterprise Asset Management Market By Services
Enterprise Asset Management Market By Organization Size
Enterprise Asset Management Market By Software Application
Enterprise Asset Management Market By End Use Industry
Enterprise Asset Management Market By Geography
Legal outsourcing, also known as legal process outsourcing (LPO), refers to the practice of a law firm or corporation obtaining legal support services from an outside law firm or legal support services company (LPO provider). When the LPO provider is based in another country, the practice is called offshoring and ...
January 2018 | $4880 |View Details>>
This report studies the Campaign Management Software market. Campaign Management Software manages engaging holistic campaigns across all marketing channels. Track results and find out which messages are working best with which people, in which context and in which media. Fine-tune your campaigns and maximize your ROI. Scope of the Report: This report ...
January 2018 | $4480 |View Details>>
Data center IT asset disposition is in development phase with a highly prosperous future, owing to the ubiquity of electronic devices that need proper disposing in order to preserve the environment. There are plenty of opportunities for the existing players, with most of them implementing aggressive remarketing strategies to add ...
January 2018 | $4480 |View Details>>
This report studies the global Interactive Voice Response (IVR) market, analyzes and researches the Interactive Voice Response (IVR) development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like inContact Inc. ...
January 2018 | $3300 |View Details>>
UPCOMING MARKET RESEARCH REPORTS
2018 © Copyright Big Market Research