From commissioning, designing, or purchasing physical assets to running, disposing of, maintaining, and replacing them, enterprise asset management (EAM) delivers a thorough perspective of a company's physical infrastructure across the course of its lifetime. The enterprise asset management (EAM) software provides a variety of features, such as a portal-based user interface, warranty management, and life-cycle management. Simply said, EAM software gives a company access to a large user base across multiple sites and offers features like lifecycle planning. It also offers useful resources, expertise, and tools in the area of finance. As more businesses use cloud services throughout the course of the anticipated period, the worldwide corporate asset management market is expected to grow.
Market Dynamics
A "mobile-first" approach is pervasive across businesses and industries due to the pervasiveness of mobility and mobile devices, such as smartphones, tablets, and phablets. The reach of mobility in EAM solutions is anticipated to rise as a result of the rising use of mobile devices. Alongside EAM and field service systems, handheld smart devices have improved in functionality thanks to GPS, GIS, RFID, and embedded cameras. Cyber-attacks are also dramatically rising along with the increasing digitization. Data security has thus become crucial for organizations to maintain competitiveness in the global market. Organizations that adopt cutting-edge digital technology expose their data to threats. Concerns about the movement of data from the field to the cloud platform have significantly increased due to the possibility of server, network, and communication channel attacks by malicious parties. The deployment and implementation of EAM solutions across organizations can be difficult and require a lot of strategic and technical choices. Businesses are concentrating on keeping expenses under control and getting the most out of their investments. Businesses' lack of a digital asset management strategy is their main obstacle. However, businesses have begun to see the value of the digital asset management strategy and have improved labor productivity, decreased equipment downtime, and cut back on inventory requirements.
Key features of the study:
Detailed Segmentation
Table of Contents
*Browse 60 market data tables and 40 figures on "Global Enterprise Asset Management Market - forecast to 2030”.
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients