ENTERPRISE ASSET MANAGEMENT MARKET ANALYSIS

Regional Analysis

Global Enterprise Asset Management Market- Regional Analysis North America held a dominant position in the global Enterprise Asset Management market in 2021, followed by the Asia Pacific and Europe region.

Figure 1. Global Enterprise Asset Management Market Share (%), By Region, 2022

North America held a dominant position in the global Enterprise Asset Management market in 2021, owing to availability and adoption of new technologies and huge investments in R&D.

The North American region has historically held the largest revenue share in the market and is predicted to continue to develop strongly in the years to come. The need for enterprise asset management systems has significantly increased in the North American region Due to the accessibility of new technology, the market is anticipated to grow strongly in the next years as a result of the rising use of Internet of Things across numerous sectors. The Internet of Things is essential for collecting and tracking data from various websites. Additionally, the market is being driven by the presence of significant EAM players in the area, including Aptean, AssetWorks, LLC, CGI Inc., and Infor. Additional factors influencing regional growth include early adoption of cutting-edge technologies, the proliferation of cloud-based deployments, a highly developed IT infrastructure, government investments in cutting-edge technologies, and the growing emphasis placed by organizations on adhering to regulatory and compliance requirements.

One of the fastest-growing regions in the world is the Asia Pacific, and the region's numerous government initiatives as well as those of major corporations are fueling the demand for digitization. Leading countries in terms of technology adoption are China, Japan, Australia, Singapore, India, and Indonesia, which are embracing cutting-edge technologies like AI, edge, IoT, analytics, and cloud. Due to the growing complexity of manually managing workloads and applications brought on by the use of cloud technologies and the volume of data, enterprises in this region will increasingly embrace enterprise asset management (EAM). Additionally, the affordability and simplicity of cloud service deployment will be key factors in enterprise adoption of cloud technology. Among the leading manufacturers and suppliers in the region.

The European region poses a Significant potential for industry expansion. The Internet of Things and predictive analytics are two examples of advanced asset management deployments and technologies that European industries and transportation companies are progressively implementing. These technologies will aid in predicting future equipment and machinery breakdown and will help to streamline asset maintenance procedures. Furthermore, in order to create a centralized system that streamlines all industrial processes and efficiently maintains assets, many businesses are prepared to implement enterprise asset management systems in their corporate operations. Therefore, there is a big market for corporate asset management deployments that provide predictive maintenance and management features across a variety of industries.

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East & Africa: GCC Countries, South Africa, and Rest of Middle East & Africa