Enterprise Asset Management Market worth $7.6 billion by 2028, growing at a CAGR of 9.8%: Report by MarketsandMarkets™



Chicago, Feb. 05, 2024 (GLOBE NEWSWIRE) — The Enterprise Asset Management Market is expected to grow from USD 4.7 billion by 2023 to USD 7.6 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 9.8% during the forecast period, according to a new report by MarketsandMarkets™.

The compatibility of SaaS-based solutions with new technologies such as AI, IoT, and analytics is the primary factor for the inclination of end users toward SaaS-based enterprise asset management.

Browse in-depth TOC on “Enterprise Asset Management Market”

282 – Tables
59 – Figures
257 – Pages

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Enterprise Asset Management Market Dynamics:


Predictive and preventive maintenance to extend life of assets.
Emergence of technologies to offer competitive advantage.
Rise in need for 360-degree view of assets
Need to overcome unplanned downtime to prevent losses.


Regulatory compliance issues
Concerns over data security & confidentiality


Data-driven asset management
Inclination of organizations toward cloud-based systems
Need for remote asset management with outbreak of COVID-19

List of Key Players in Enterprise Asset Management Market:

SAP (Germany)
Oracle (US)
Hexagon (Sweden)
IFS (Sweden)
Hitachi Energy (Switzerland)
IFS Intelligent Process Solutions (Germany)
Accruent (US)
Aptean (US)
eMaint (US)

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Based on the offering, the services segment will grow at the highest CAGR during the forecast period. Services in the Enterprise Asset Management (EAM) market play a vital role in ensuring the successful implementation, operation, and continuous improvement of asset management solutions. Professional services, including consultancy, implementation, and training, are essential for organizations looking to tailor EAM systems to their specific needs and industry requirements. Experienced consultants guide businesses through the intricacies of integrating EAM solutions, enabling a smooth and effective deployment. …

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