Enterprise Asset Management Market size is estimated at USD 5.1 billion in 2024 and is anticipated to reach USD 18.6 billion by the end of 2037, expanding at around 10.5% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of enterprise asset management is evaluated at USD 5.6 billion.
Enterprise asset management (EAM) solutions are widely adopted by several industries such as automotive, healthcare, retail, and IT & Telecom to effectively plan, optimize, and execute their business operations. The digital shift is one of the prime factors boosting the sales of enterprise asset management solutions across the world.
Depending on the industry requirements, the deployment of cloud and on-premise enterprise asset management solutions varies. The demand for cloud-based enterprise asset management components is projected to capture a significant enterprise asset management market share of 65.5% by 2037. Cloud-based EAM systems operate on subscription models that aid in mitigating the upfront investments in large and complex hardware solutions. This financial flexibility is driving the attention of end users to opt for cost-effective cloud-based enterprise asset management systems. For instance, the Cloud Security Alliance revealed that around 70% of businesses are employing cloud computing platforms such as Software as a Service (SaaS).
Some businesses also adopt hybrid systems that combine features of both on-premise and cloud. For instance, in 2020, IBM and Tech Mahindra collaborated to offer hybrid cloud strategies to end use industries such as financial services, manufacturing, insurance, retail, telecommunication, and healthcare.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
10.5% |
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Base Year Market Size (2024) |
USD 5.1 billion |
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Forecast Year Market Size (2037) |
USD 18.6 billion |
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Regional Scope |
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Component (Solutions, Services)
The enterprise asset management solution sales were valued at USD 3.2 billion in 2024 and predicted to account for more than 66.7% enterprise asset management market share by the end of 2037. The integration of digital technologies such as AI, ML, IoT, and big data analytics is leading to the development of enterprise asset management solutions with enhanced features such as real-time monitoring and predictive maintenance. The shift towards digitalization in businesses is primarily augmenting the adoption of enterprise asset management solutions.
Organization (Large Enterprises, Small and Medium Enterprises)
By the end of 2037, large enterprise segment is expected to account for more than 65.5% enterprise asset management market share owing to the EAM system’s operational efficiency feature. Large organizations are widely adopting EAM solutions as they help to scale and accommodate their complex and growing asset portfolios. Also, enterprise asset management systems effectively handle high volumes of asset data and adapt to changing organizational needs, leading to high adoption in big organizations. The demand for enterprise asset management solutions in large organizations is estimated to reach a value of USD 3.2 billion by 2025.
Our in-depth analysis of the enterprise asset management market includes the following segments:
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Component |
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Application |
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Organization |
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Deployment |
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End user |
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North America Market Forecast
North America enterprise asset management market is expected to account for revenue share of more than 37.5% by the end of 2037 owing to the strong presence of IT and telecom companies. The aging infrastructure in the region particularly in the transportation and utilities sectors is driving a high need for effective enterprise asset management systems to mitigate the risk associated with asset failures and optimize maintenance.
The U.S. enterprise asset management market is expected to expand at a CAGR of 9.5% from 2025 to 2037. The local government’s programs and initiatives aimed at modernizing infrastructure are foreseen to boost the sales of asset management solutions in the coming years. Local government organizations are also widely adopting asset management solutions to make the operational workflow easier and more effective.
The swiftly expanding key industries such as mining, oil, gas, and transportation in Canada are set to positively influence sales of enterprise asset management solutions in the coming years. These organizations are investing heavily in advanced technologies and infrastructure such as EAM systems for efficient asset management.
APAC Market Statistics
In enterprise asset management market, Asia Pacific region is set to observe CAGR of around 10.7% till 2037 and capture a share of 28.5% through 2037 owing to rapid industrial activities and growing adoption of advanced technologies by end use organizations. The high-growth marketplaces in the region are India, China, Japan, and South Korea.
In India, the demand for on-premise enterprise asset management market is expected to be high as end use companies are widely employing regional expansion activities to earn high profits. The rise in small and medium-sized organizations in the country is also driving healthy sales of EAM solutions.
China is a global hub for electronic manufacturing, and the increasing adoption of digital technologies is set to drive high demand for enterprise asset management solutions in the country. The presence of international as well as local manufacturing companies in the country is positively influencing the adoption of EAM systems.
Key players in the enterprise asset management market are adopting several strategies such as new product launches, collaborations, regional expansions, and mergers & acquisitions. Leading companies are forming strategic collaborations with other players to develop innovative enterprise asset management solutions. They are also focusing on expanding their regional footprints to reach a wider consumer base.
Some of the key players include:
Author Credits: Abhishek Verma
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