Latest News- Enterprise Asset Management (EAM) Market: On-premises is expected to lead the Deployment segment during 2025-2029

The Enterprise Asset Management (EAM) Market is being driven by Growing number of partnerships and acquisitions

The Enterprise Asset Management (EAM) Market is expected to grow at a CAGR of 8.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2458.6 million. In today's business landscape, the shift towards cloud-based services is driving the adoption of cloud-based Enterprise Asset Management (EAM) solutions. With the escalating volume of enterprise data and rising storage costs, cloud deployments provide a cost-effective and efficient alternative. Cloud-based EAM solutions offer enterprises direct access to cloud resources without the need for upfront investments in hardware infrastructure. The benefits of cloud computing, such as scalability, reliability, and high resource availability, make cloud architecture an attractive option for enterprises. Moreover, cloud-based EAM managed services come equipped with integrated debugging and high-performance monitoring tools, thereby reducing additional expenditures incurred by traditional EAM systems. 

Get more information on Enterprise Asset Management (EAM) Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Deployment
  • On-premises
  • Cloud-based
• Sector
  • Large enterprises
  • SMEs
• Service
  • Asset MRO
  • Linear assets
  • Field service management
  • Non-linear assets
• End-user
  • Energy and utilities
  • Manufacturing
  • IT and telecom
  • Healthcare
  • Others
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • APAC
    • China
    • India
    • Japan
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing number of partnerships and acquisitions
• Compliance of regulations
• Increasing demand for a 360-degree view of assets

However, the market also witnesses some limitations, which are as follows:

• Implementation issues associated with enterprise asset management
• Threat to data security and privacy
• High cost of integration of enterprise asset management

Benefits of Buying Global Enterprise Asset Management (EAM) Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Enterprise Asset Management (EAM) Market Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

In the Enterprise Asset Management (EAM) market, the integration of Artificial Intelligence (AI) and Machine Learning (ML) is revolutionizing asset management. IoT technology enables real-time monitoring, while data breaches and cyberattacks, such as Solar Winds, heighten data security concerns. Business units in sectors like transportation logistics, IT and telecom, government and defense, face asset availability issues due to breakdowns. Data analytics helps optimize maintenance for both non-linear and linear assets. Field Service Management is streamlined with modern EAM systems, benefiting industries like transportation and logistics, government and defense. Geopolitical factors also impact asset management strategies. Asset performance is crucial for business operations, and data loss through cell phone theft or data breaches can be catastrophic. Therefore, EAM systems must prioritize data security while ensuring asset availability and efficient maintenance.

Market Research Overview

The Enterprise Asset Management (EAM) market is a significant segment of the global IT software industry. This market caters to the needs of various sectors, including transportation logistics, government and defense, finance, and defense industries. Technavio's market analysis encompasses businesses specializing in EAM solutions, which leverage technologies such as data analytics, artificial intelligence, machine learning, and the Internet of Things. These advanced technologies enable EAM systems to optimize asset performance, reduce downtime, and enhance operational efficiency. However, with the increasing digitization of business processes, data security becomes a critical concern. Recent high-profile cyberattacks, such as the SolarWinds breach, underscore the importance of robust cybersecurity measures to safeguard sensitive information. Despite these challenges, the EAM market is expected to grow steadily, driven by the demand for real-time asset monitoring, predictive maintenance, and regulatory compliance.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/