2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What Major Innovations Are Driving the Accelerated Growth of the Enterprise Asset Management Market?

The surge in the need for SaaS-based EAM services is contributing significantly to the market’s expansion. These cloud-based software services, provided by vendors on a subscription basis, have become fundamental in the tech circuit for functions like dashboards, mobile apps, asset tracking, performance management, predicting, and observing regulation compliances. Customers are increasingly choosing SaaS-based solutions over traditional on-site solutions due to a variety of benefits such as quicker results, minimized costs, scalability, and seamless integration, among others. For example, a 2022 study by DevSquad revealed that 73% of businesses are transitioning all their systems to SaaS, with a planned expenditure increase of 44% from the prior year.

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#What is the Projected CAGR for the Enterprise Asset Management Market Size from 2025 to 2034?

The market size for enterprise asset management has seen significant expansion in the past few years. The predicted progression is from $6.71 billion in 2024, to an estimated $7.33 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 9.2%. This previous growth can be traced back to elements such as regulatory compliance, the aging of infrastructure, optimization of costs, preventative maintenance, and integration with ERP systems.

The market size of enterprise asset management is set to experience swift expansion in the upcoming years, hitting the $12.07 billion mark by 2029 with a 13.3% Compound Annual Growth Rate (CAGR). This imminent growth within the predicted period is linked to mobile exam solutions, emphasis on sustainability, measures towards cybersecurity, and conducting exams for industry-specific requirements. The forecast period will also see major trends such as the introduction of digital twin technology, advancements in technology, integration of IoT for condition monitoring, and the application of cloud-based exam solutions.

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What Are the Most Significant Market Trends Transforming theEnterprise Asset Management Market?

The progression of technology is influencing the enterprise asset management market. Key players in this market are giving priority to broadening their development endeavors in novel technologies. For instance, in March 2022, Aptean introduced a cloud-based EAM solution including an automated maintenance management system for manufacturing businesses. This new introduction is geared towards aiding small to medium scale manufacturers satisfy their asset management needs and demands.

What Are the Top Market Players Propelling the Growth of theEnterprise Asset Management Industry?

Major companies operating in the enterprise asset management market include International Business Machines Corporation, Oracle Corporation, Schneider Electric SE, Honeywell International Inc., SAP SE, Asea Brown Boveri Ltd., Consultants to Government and Industry Incorporated, Rockwell Automation Inc., Infor Inc., AVEVA Group plc, Bentley Systems Incorporated, IFS AB, Accruent LLC, Ramco Systems Limited, Fingent Corporation, MRI Software LLC, Ultimo Software Solutions BV, AssetWorks LLC, Rosmiman Software Corporation, Mainsaver Software, Maintenance Connection, UpKeep Technologies Inc., MPulse Software Inc., CHEQROOM, eWorkOrders, EZOfficeInventory, MVP Plant, Real Asset Management plc, MicroMain Corporation, AMTdirect Inc., ManagerPlus, Nuvolo, Limble CMMS

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Which Primary Segments of the Enterprise Asset Management Market Are Driving Growth and Industry Transformations?

The enterprise asset management market covered in this report is segmented –

1) By Development: On-Premise, Cloud

2) By Application: Asset Lifecycle Management, Inventory Management, Work Order Management, Labor Management, Other Applications

3) By Vertical: Energy And Utilities, Transportation And Logistics, Government And Public Sector, IT And Telecommunications, Manufacturing, Healthcare And Life Sciences, Education, Other Verticals

Subsegments:

1) By On-Premise: Traditional On-Premise Solutions, Hybrid On-Premise Or Cloud Solutions

2) By Cloud: Public Cloud Solutions, Private Cloud Solutions, Hybrid Cloud Solutions

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Which Regions Are Key Players in the Growth of the #What Major Innovations Are Driving the Accelerated Growth of the Enterprise Asset Management Market?# Market?

North America was the largest region in the enterprise asset management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enterprise asset management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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