Enterprise Asset Management Market by Software Applications (Linear Assets, Non-Linear Assets, Field Service Management, Assets MRO) - Global forecast to 2020

Jul 02, 2015, 05:37 ET from Research and Markets

DUBLIN, June 25, 2015 /PRNewswire/ --

Research and Markets(http://www.researchandmarkets.com/research/4wrktw/enterprise_asset) has announced the addition of the "Enterprise Asset Management Market by Software Applications, by Services, by Organization Size, by Verticals - Global forecast to 2020" report to their offering.

The enterprise asset management market size is expected to grow from $2,903.7 Million in 2015 to $4,751.2 Million by 2020, at a Compound Annual Growth Rate (CAGR) of 10.3% from 2015 to 2020

In recent years, enterprise asset management has evolved to meet the growing demands of the global market. To combat the challenges faced in maximizing lifecycle performance of their assets, organizations are turning towards smarter, physical infrastructure which integrates process and data throughout the asset lifecycle; for example, the IBM Maximo. Another emerging trend in EAM is mobile asset tracking which enables enterprises to track their physical assets and inventory all over the world through mobile. Infor EAM mobile solutions provide such cost-effective mobile computing infrastructure. In addition to this, cloud and hosted deployment solutions and Big Data integration with EAM solutions are expected to create strong business opportunities in this market. In the coming years, EAM solutions are likely to see an increase in adoption by industries such as infrastructure and healthcare, as these industries require managing assets more efficiently, cost saving from operations, and higher equipment utilization rates.

North America has the highest EAM penetration worldwide, while APAC and MEA offer many opportunities in the EAM space as its EAM adoption is in growth phase in both the regions. With the advancements in technology and huge demands for emerging markets, the enterprise asset management market is expected to grow at a substantial rate.

The enterprise asset management market consists of key players such as IBM, SAP, Oracle, ABB, IFS, and CGI Group. The players adopted various developments like new product developments, cloud-based EAM solutions, EAM mobile solutions as well as mergers and acquisitions, partnerships and collaborations, and business expansions to cater to the unmet needs of the EAM market. The market players have participated in some major acquisitions such as the acquisition of Ventyx by, the acquisition of Logica PLC by CGI Group, the acquisition of Mentor Engineering Inc. by Assetworks, to expand their product portfolio, market shares, and customer base.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Enterprise Asset Management Market Analysis, By Software Applications

8 EAM Market Analysis, By Services

9 EAM Market Analysis, By Organization Size

10 EAM Market Analysis, By Vertical

11 Enterprise Asset Management Market Analysis, By Region

12 Competitive Landscape

13 Company Profiles

- Assetsworks
- CGI Group
- Infor
- Oracle
- Real Asset Management
- Schneider Electric

For more information visit http://www.researchandmarkets.com/research/4wrktw/enterprise_asset

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SOURCE Research and Markets