Global Market Size, Forecast, and Trend Highlights Over 2025-2037

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.

Enterprise Asset Management Market: Growth Drivers and Challenges

Growth Drivers

Integration of digital technologies: Manufacturers are integrating digital technologies such as artificial intelligence (AI), the Internet of Things (IoT), machine learning (ML), and big data analytics to develop advanced enterprise asset management solutions. These technologies enable real-time monitoring, predictive maintenance, data-driven insights, and effective decision-making.

Predictive maintenance is highly sought after as it aids organizations in taking proactive maintenance strategies and mitigating maintenance costs associated with unplanned downtime and emergency repairs. For instance, the IBM Maximo Application Suite is a highly sought-after cloud-based EAM platform among end use organizations due to its efficiency. The Maximo Application Suite is integrated with AI, IoT, and analytics that aid in boosting overall operational performance and mitigate downtime and costs.
High adoption by manufacturing companies: The manufacturing sector is one of the prime end users of enterprise asset management systems and is projected to capture 30.5% of the revenue share by 2037. The rising adoption of smart manufacturing practices and strict regulations regarding equipment safety, environmental impact, and quality standards are driving the adoption of advanced EAM solutions.

EAM systems aid manufacturers to optimize the performance and longevity of their assets. Also, modern enterprise asset management solutions seamlessly integrate with other systems such as enterprise resource planning (ERP) and supply chain management (SCM). This integration leads to a unified approach to managing assets, inventory, and production processes in the manufacturing sector.

Challenges

High installation costs: The high initial investment costs associated with the installation of enterprise asset management systems including hardware and software are expected to hamper the overall enterprise asset management market growth to some extent in the coming years. Small and medium-sized enterprises often deter adopting EAM systems due to their high costs and tight budgets. In some cases, integrating modern enterprise asset management systems can be a complex process as they may not get integrate with existing systems, which can limit their adoption rates.
Data security concerns: Data security and privacy concerns are some of the significant barriers to the adoption of enterprise asset management systems. Enterprise asset management systems manage a range of sensitive data including detailed information related to assets such as location, condition, and maintenance history. Any attack by cybercriminals can lead to a breach of data and unauthorized access to critical assets data.

Enterprise Asset Management Market: Key Insights

Base Year	2024
Forecast Year	2025-2037
CAGR	10.5%
Base Year Market Size (2024)	USD 5.1 billion
Forecast Year Market Size (2037)	USD 18.6 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Enterprise Asset Management Segmentation

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:

Component	Solutions Services
Application	Asset Lifecycle Management Labor Management Inventory Management Predictive Maintenance Work Order Management
Organization	Large Enterprises Small and Medium Enterprises
Deployment	Cloud On-premise
End user	Healthcare Energy & Utilities Government and Defense Automotive and Transportation Manufacturing Retail IT and Telecom BFSI

Enterprise Asset Management Industry - Regional Scope

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.

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Companies Dominating the Enterprise Asset Management Landscape

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:

IBM Corporation
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
Hexagon AB
Oracle Corporation
Infor
IFS AB
SAP SE
ABB
CGI
UpKeep
Asset Panda
Ultimo Software Solutions
Maintenance Connection
Aveva
EZOfficeInventory
Intelligent Process Solutions

In the News

In June 2023, IFS AB announced that it had signed a strategic agreement with AJ Foyt Racing an American racing team to offer technology services till 2025. AJ Foyt Racing is set to leverage IFS Ultimo for parts management, parts lifting, and maintenance with additional expertise in multi-location inventory management, purchase control and management, and work order management.
In October 2022, Hexagon AB through its region expansion strategy decided to commercialize its asset management solutions acquired from HxGN EAM in Asia Pacific. The company has more than 3,250 asset management solution users from sectors such as transportation, manufacturing, and energy & utilities.
In October 2022, Oracle Corporation announced the launch of the new Oracle Fusion Cloud Applications Suite. This asset-based service is set to exhibit healthy demand from high-tech and manufacturing businesses in the coming years.

Enterprise Asset Management Market Size & Share, by Component (Solutions, Services); Application; Organization; Deployment; End user - Global Supply & Demand Analysis, Growth Forecasts, Statistical Report 2025-2037