MarketsandMarkets Predicts an $8.2 Billion Future for Enterprise Asset Management Market
CEO Insights Team
The physical assets used in different industries can range in scope and size. Hence, managing its critical assets and maximize the total cost of ownership throughout the asset lifecycle, has turned essential for every organization. At times, organizations lack the granularity to view every asset lifecycle, and how these stages can affect the whole business processes. The asset management solution demand is further expected to grow during the forecast period.
Lately, organizations are looking forward to having their solution deployed on the cloud. The cloud deployment offers various advantages, such as scalability, flexibility in capacity, enhanced collaboration and cost efficiency.
North America exhibits a wide presence of key industry players offering enterprise asset management solutions and services. The region’s financial position enables it to invest majorly in leading tools and technologies for effective business operations
North America is estimated to account for the largest share of the enterprise asset management market in 2019. It is also considered that the most advanced region in terms of adopting digital technologies would be the US and Canada. Furthermore, North America exhibits a wide presence of key industry players offering enterprise asset management solutions and services. The region’s financial position enables it to invest majorly in leading tools and technologies for effective business operations.
IBM (US), Oracle (US), IFS (Sweden), SAP (Germany), Infor (US), ABB (Switzerland), Aptean (US), CGI (Canada), IPS (Germany), Maintenance Connection (US), AVEVA (UK), AssetWorks (US), RFgen (US), eMaint (US), UpKeep (US), and Ultimo (UK) are some of the leading companies operating in this market.