DUBLIN--(BUSINESS WIRE)--The "Enterprise Asset Management Market by Component (Software and Services), Deployment Type (On-Premises and Cloud), Organization Size (SMES and Large Enterprises), Industry, and Region - Global Forecast to 2022" report has been added to Research and Markets' offering.
The EAM market size is expected to grow from USD 3.44 billion in 2017 to USD 6.05 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 11.9%
The increased asset of life aging infrastructure, reduced maintenance and procurement costs, increased tracking ability of assets in an organization, and improved return on assets have led to the adoption of EAM. Lack of awareness about the benefits of deploying EAM solutions is one of the restraints for the EAM market.
The energy and utilities industry is expected to grow at the highest CAGR during the forecast period. EAM solutions are largely deployed in the energy and utilities industry. These solutions help address operational challenges, such as inspections, and wear and tear monitoring, and offer preventive maintenance and usage monitoring.
Assets such as power stations, gas pipelines, and electricity cables are the livelihood of the utilities sector. EAM solutions also help maximize the Returns on Investment (RoI) by providing solutions in every step of the asset lifecycle. Integration with customer information systems gives the utilities sector a complete view of asset performance and usage history by performing the utility rate analysis.
In this analysis, activities with maximum impact on costs are identified. The main reason for deploying EAM solutions in the energy and utilities industry is the increasing regulatory-driven operational requirements and civil penalties.
North America is expected to have the highest growth rate during the forecast period.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 Enterprise Asset Management Market Analysis, By Software
7 Enterprise Asset Management Market Analysis, By Service
8 Enterprise Asset Management Market Analysis, By Deployment Type
9 Enterprise Asset Management Market Analysis, By Organization Size
10 Enterprise Asset Management Market Analysis, By Industry
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
- ABB Ltd
- CGI Group, Inc.
- Dude Solutions, Inc.
- IFS AB
- International Business Machines Corporation
- Oracle Corporation
- Ramco Systems
- SAP SE
- Schneider Electric Sa
- Vesta Partners, LLC
For more information about this report visit https://www.researchandmarkets.com/research/m7xrtp/enterprise_asset