Enterprise Asset Management Market - Top Companies and Manufacturers

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
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Hexagon AB
Oracle Corporation
Infor
IFS AB
SAP SE
ABB
CGI
UpKeep
Asset Panda
Ultimo Software Solutions
Maintenance Connection
Aveva
EZOfficeInventory
Intelligent Process Solutions

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Enterprise Asset Management Market Size & Share | Growth Trends 2037

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.

Frequently Asked Questions (FAQ)

The global enterprise asset management market will be valued at USD 5.6 billion in 2025.

Expanding at a CAGR of 10.5%, the global market is expected to increase from USD 5.1 billion in 2024 to USD 18.6 billion by 2037.

Some of the leading companies are IBM Corporation, SAP, Oracle Corporation, Infor, and IFS AB.

The enterprise asset management solutions are estimated to capture a strong 66.7% of the market share through 2037.

North America leads the global demand for enterprise asset management solutions and is expected to hold a 37.5% market share through 2037.

Enterprise Asset Management Market - Top Companies and Manufacturers

Companies Dominating the Enterprise Asset Management Landscape

Browse Key Market Insights with Data Illustration:

In the News

Frequently Asked Questions (FAQ)

How big is the enterprise asset management market?

What is the outlook for the enterprise asset management market?

Who are the major key players dominating the enterprise asset management market?

Which component segment is expected to lead the enterprise asset management market by 2037?

Which region will provide more business opportunities for the growth of the enterprise asset management market in the future?